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You are assuming that his fund stayed at the same size throughout, but it likely got bigger instead. I doubt he was trading with the same amount of $ in 03 or 04 as he was in 07'. Secondly, he lost more than 75% according to the article. Third, if we're talking about lifetime P&L, you also have...

marketsurfer claims he has returned more to investors than what he lost... whatever that is supposed to mean. Even if I take that statement at par value, I am deeply skeptical that this is the truth.

Well the range died down significantly last two days, especially in the first half, it's tough to trade when the index is constipated, I agree.

Was that you trying to pick a top repeatedly from 14.55 to 15.35pm?...

You can just imagine the conversation between the swiss and Matador: "Euhh, Victor, how eez my monay doooin?? Ze dollaire is selling off Victore, zis iz no goood. Come on, you are ze matador right, make us some monay, vee vill invest more wiz you, vee promisse.... Euhh Victorre, u...

Jim Simons does even better returns consistently and on 20x the size in his medallion fund....ever given that a thought? I always chuckle at the fact that Simons doesn't hire from wall street or finance types, he only hires people 'who have done good science'. A cursory look at VN's style,if you...

Acrary, Your presence here is like that of a gem in a wasteland. Thank you for returning to ET, looking forward to more superb contributions from you.

I was shocked to see how much detail about his private life surfaced in that article and feel bad for some of the people involved. If I were them, I'm not sure I would be enthralled by my personal life being splattered across the media... I wonder if this is something VN allowed the reporter to...

:eek:

From the New Yorker: "Later in August, after the Federal Reserve cut the discount rate—the rate at which it lends to banks—the markets calmed down; but Niederhoffer’s woes continued. In September, he was forced to close two of his funds, including his flagship, Matador, which had...

Now that VN has blown up for the 4th time, will you start ripping on his alleged methods (like you claim to have done with JWH) or will you continue to applaud them?

Is there a way to verify your claim that he's made more than lost? I am skeptical because Matador was likely as big if not bigger than his 97 fund, and even if he posted 40-50% gains in his most recent 3 years, his funds must have gotten bigger along the way, with the end result being that a...

From the article above: "Later in August, after the Federal Reserve cut the discount rate—the rate at which it lends to banks—the markets calmed down; but Niederhoffer’s woes continued. In September, he was forced to close two of his funds, including his flagship, Matador, which had...

Either way, if true, it's a horrible end to the comeback story...investors would not withdraw 93% of their funds if they had not sustained a very large drawdown in all likelihood.. And I wouldn't put it past him to lose nearly the whole fund via trading losses because it's happened in the past...

Boris, I was wondering, how many of the traders in the book actually average down as you have been talking about? I highly doubt that they all do... Also, relying on a high prob method but with an inverted reward risk is likely not the way to go for most traders, there definitely are...

Bull. Golfers have pro ranks, so do tennis players. Their performance is constantly scrutinized and Tiger Woods and Roger Federer are ranked #1. So they are the top dogs and outperform everyone else and have for many years. So again I ask you and market surfer, would you have the cohones to...

Ok mr wikipedia wielding rcanfiel, let me ask you a question: Would you walk up to Tiger Woods or Roger Federer and tell them that their track record proves nothing about their technique and hard work and that there are merely random/lucky statistical outliers among the very large population...

Surf, I find your logic very weak. I think that calling Marty Schwartz a black swan only makes sense from the perspective that, yes, it is 1 in 10000 traders that has the fortitude to overcome the initial losses associated with learning the business. He turned profitable after 10 years of trying...

"The identity of the investor is unknown but market sources speculated it was either a large hedge fund hedging itself against deepening losses, or a long-only fund manager pressing the panic button to protect its gains. The investor has bought a total of 245,000 put options on the index. The...

I would question the logic/math behind Joesan's suggestion... To the OP, there's only 2 things that really matter in system testing. The first is your expected profit factor. The second is the frequency of your trades. If you have anything above 3 for your expected profit factor, you will...