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No way do I admire his aggression. He has no money management rules whatsoever and money management/position sizing are the crux of the trading game. In the real world, or at least in my real world of real money trading, his drawdowns have been horrendous.

The best way to find backers is via a multi-year winning real money track record at a real money trading firm. It blows me away anyone would ever fund a trader based on a non- real money trading record ala simulated, hypothetical, play money, paper trading etc.

Yeah, you are right and my apologies to neke. Niederhoffer lost over 100% as he was slightly on margin and let's not forget John Meriwether guy who ran Long Term Capital Management into the ground losing billions. But never fear, both Niederhoffer and Meriwether were able to rise again and...

With the huge drawdown (over 50%) he has had in the past there is no way he could ever attract any money.

neke, you are to be commended for your disclosure. But something seems amiss in that we have been in one of the greatest equity bull markets of all time yet your account has been shrinking, especially last year.

paysense, is this a real money account at a real money trading firm????? Also was it a real money account of yours that Collective tracked? You do know O'Neil had a mutual fund in the 90s using his Caslim method that came out with great fanfare but was a big disappointment and eventually...

You get the award for not posting real time trades and after the fact!! Anyone can post fabricated results. Are you even trading real money?

You are pretty much right-on although I could argue that to maximize your winners best you have to ride them for much longer than days or weeks - more like months and longer.

Does it ever end on this forum? Lots of pie in the sky trading claims but not once has anyone stepped forward with multi-year real money trading statements to validate themselves. The real traders with the seven figure accounts are thrilled if they can compound their trading capital at a rate...

If he ever decides to take in any investors?????? Who are you kidding???? Only a fool would entrust their money to someone who has suffered over a 40% drawdown.

Totally ridiculous post. Anyone ever wonder why no one on the planet has ever come forward with real money trading statements at a real money trading firm to validate some of the ridiculous claims on this board???? The best and brightest money managers in the world are thrilled to compound...

A non sensical response above. I probably should have said bull market or bear market anyone with a six figure account who drops over 40% of their trading capital in less than four months has some serious, very serious money management issues. And money management is the name of the trading game.

I will never understand the mindset of a trader who *supposedly* is trading real money posting their trades on some Internet trading board. It's almost a set up for failure because of the ego factor. I also cannot fanthom how any real trader could lose over 40% of their trading capital amid...

Couldn't agree more. By the way, I wasn't trying to start something, but being unfamiliar with neke I asked if his results were real money or simulated. Never got an answer. Does anyone know if he trades an actual real money account? Just curious. Thanks.

neke, haven't followed your postings and trades from the past. Is this a real money trading account as opposed to a simulated account? Thanks

That is so absolutely wrong. Some of us are right brain thinkers and have no use for stats and math.

Jack Schwager should sue you for libel. He admitted he never had made more than $100,000 in his trading but I would hardly call that a failure or someone who lost all his money. He was a smart guy and leveraged the notoriety he received from writing the three boks into managing money. At one...

Dream on and believe what you read from trading forums. All that counts are real money trading statements from a real money trading firm. Funny how nobody ever steps forward with three years of statemernts to verify their outrageous claims. And remember how they shut down that prop firm long...

I know nothing of the vendor in question so this is just directed at vendors in general. Never, never waste money with a vendor who either doesn't provide real money trading statements from a real money trading firm. Or lacking real money trading statements then see if his results are audited...

Rogers was a bear on US stocks during the entire decade of the 90s. He went negative on Japanese stocks in the mid 80s around 12000 just as they were about to soar to 38000. As a member of Barron's Roundtable his picks were always the worst as per a study done by Norman Fosback