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While ET does have a lot of juvenile posters running amuck, I don't think it's a bad thing. If a board is carefully regulated for quality, then only members who qualify as being sufficiently serious can join. But then the breadth of members will be narrow by defintion and the character of the...

Shortswing, Crabel is a good example. I understand he learnt his craft under Niederhoffer.

Just to look at this JWH debate with a little more objectivity, I took the list of managers from IASG, stripped out all the entries with zero assets under management (usually indicies), and then ranked them by returns YTD. The JWH family of funds does tend to cluster around the lower rungs...

The topic of Victor Niederhoffer is too much of a lightning rod for most people to have much useful debate. Everyone has their own private notion about whether mean reversion or trendfollowing is the correct religion and the topic of Turtles, VN , JWH are just convenient battlegrounds for...

Essentially this is a mean-variance optimization problem. This problem is closely studied by the portfolio management crowd. However the key issue with this approach is that it rests on the assumption that the cross correlations between the strategies will be stable in the future. Another...

My impression, and I could be mistaken, is that most of this program trading is just big baskets of stocks being bought or sold by computers. The transactions are usually undertaken on behalf of regular client flow business, dispersion books, stat arb types and factor model types. But...

if the future at any one point in time is normally distributed, it doesn't matter whether you have a stop or not - stops shouldn't change your expectancy in such a perfect world. this is most of the time when everyone in the market is running around doing their own thing and the ticker tape...

And so .... a small losing position becomes an investment for the long run Where have we seen this movie before?

well, nothing seems to work all of the time. And many things don't work anytime. But some things seem to work some of the time :)

Gold has been holding out against the rise of the dollar rather than following the nosedive of the euro. Such strength deserves attention.

Thanks for the perspectives How does one ensure that only the current bar is used to generate trades in TS?

"It was a rogue trader" is sometimes euphemism for "we screwed up big time and need to pin the blame on something else other than our incompetence" .... but I don't know the real story here

I won't be surprised if it heralds the beginning of a new era in trend following. If a big trend follower closes shop in this environment, the ripple effects will kill off many smaller trend followers trying to raise money or trying to persuade their investors to stick with them through the...

There was a Weinstein interview on WallStreet Uncut I believe. He came across quite intelligently.

some times I feel that the other story about LTCM is how it gave people who have difficulty with math the conviction & courage to go into markets

man, someone not making money today or what ...

well - how about an army of GM lobbyists and lawyers trying to fend off a downgrade? I'm sure GM fought tooth and nail to hold off reality.

maybe you are being paid to take stock loan recall risk

Burton Makiel's "Random Walk Down Wall Street" should scare the living daylights out of most traders to be .... it offers a lot of compelling evidence that you are not going to succeed. And he's almost right. I'm surprised no one mentioned "Education of a Speculator" by Victor Niederhoffer...

QMs are cash settle if you are in the CL contract ... :)