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It's kinda curious how these Niederhoffer threads bring on a swath of new account registrations, alt accounts and trolls to post in Niederhoffer's defense? The man blew up twice like a bloody amateur but still has his loyal troops to tell us he's a great teacher and all-around jolly good fellow...

Trading is a lot like boxing. You're just as good as your last fight (or monthly return). Niederhoffer - in boxing terms - was knocked out like an amateur TWICE by absolute journeymen. That certainly is career damaging. Nobody cares with Niederhoffer was a great teacher. You don't win prices...

You realize that the risk profile of counter-trend trading and short puts is 100% identical? Both are short volatility and benefit from declining vol. Both get hurt if vol extends much farther than anticipated. There is absolutely nothing more risky in a short put strategy vs. buying dips in...

Most liquid, best & cheapest instrument by far IMO CBOT 10y or .. if you got bigger balls.. 30y bond futs.

"I was early" or "Only the timing was off" are loser excuses. Either a trade makes money or it doesn't. This short CROX call was absolutely horrific.

It's 1pm. You ask me what time it is. I tell you its 5pm. Did I give you the right time, but I was just off by a couple hours?

How is this guy not in jail. This is an example for a broken judicial system. You guys throw female teachers in jail who have sex with 17 year olds while you let a fraud walk after embezzling $500m in segregated brokerage funds.

Referring to yourself as "we" makes you look like a turd.

1.85% fees for a long-only ETF seems excessive. Especially considering when highly shorted names often pay nice SBL lending fees which I am not sure the ETF investor will participate it.

Niederhoffer is so 2007

I havent traded it but this is how the GBP bust must have looked in the early 90s. Those guys who collected short vol premium for years from the EURCHF floor now realize the nickel finally met the steamroller.

So hows those short EUFCHF puts lookin' today lads?

Lehman was issuing ETNs in UK, Germany and Hong Kong and probably other jurisdictions. Later this went before courts and Lehman lost some judgments as they failed to warn (retail) investors of the risks associated with these ETN like products.

Then buy EEM and OIH puts, not SPY puts.

Rogers is delusional like any fanatic and I'll take Jones' word over his any time. Commodity future indices Rogers was hyping pre-2008 have been destroyed and are now down 71% from their peak over a 6 year period, yet he still refers to commodities being in a 'simple correction in a long-term...

No there isn't.

You realize that for every put buyer there is a counterparty with the offsetting position in the underlying? Bearish bets on equities - through put options, short futures or outright short equities - result in the short selling of the respective underlying.

Who cares if he was a great teacher and mentor? What's next we'll hear if Vic has a loving father? Maybe he was donating to charity? At the end of the day Vic was an arrogant prick constantly pissing on those on the other sides of his trades and taking great joy when they suffered losses. Go...

Many low tax countries have relatively high costs of living. Monaco, Hong Kong, Singapore all will put you back $10k plus a month if you want to drive a decent car, have a modern 1,500 sqft flat in a decent area, go out a couple times a month. If you're considering becoming an expat for tax...

It's great if you like living in a shithole with a bunch of Arabs. I'd recommend getting a dump studio flat in GZ for taxes and then a decent pad around the Marbella area (1 hour drive) for actual living. Dangerous tax-wise but well-worth the difference in lifestyle and scenery (yes, that...