Search results

Schadenfreude and sheer boredom

Good video. Hilarious. Good old Bobby Axelrod eh?

My god Cityboy12 it's a rare treat to meet someone who actually knows what he is talking about in a trading forum. But no one will want to listen to you. People here are mostly in a dumb trance. From which they will one day awake.. When they have wasted years of their life. And when they have...

I left investment banking aged 34 and made a fortune flipping IPOs. There was no skill involved and very little work. That was in 1992. I spent many years living in Switzerland skiing every day in the winter and hiking in the summer. I would flip IPOs as soon as they started trading and often...

Citiboy12 is a realist and clearly knows what he is talking about. That is a very rare gift on a trading forum. No one wants there dreams shattered. No one wants to admit the survivors are there mostly from luck. It's a fair bet that Ed Seykota is no longer Trend trading futures JW Henry shut...

Forums like this have always been populated by a bunch of people who are high on hope and hype but very, very short on real trading experience. Forums like this also rely on "educators" and system salesman peddling their products to the neophyte. The whole trading scene is like a gold rush...

Never forget survivorship bias. Long term survival has a great deal to do with luck. Most hedge funds crash and burn when their luck runs out but by that time the asset gatherers who run them have made a vast fortune out of fees.

Unless you name is Bobby Axelrod don't bother to trade. The real game for those who do not wish to end up in jail is managing a low volatility Conservative stock fund and building up AUM.

Yes it is. Trading itself is a bad trade and a fools game unless you have some sort of insiders advantage life the HFT traders or Axel off Billions. Axel and his like still inhabit the canyons of finance. The sort of trading discussed and practiced on retail forums serves only to enrich...

For many years the Turtle system became a milk cow for a bunch of disreputable and stupid non traders some of who still push their crap product. I can't believe the stupidity of people who can see through the charade. The system worked back in the day as did any TF system. Now it is not so...

Go and look on the Trading Blox Forum. Several of us backtested the original strategy up to about 2010 and it became a disaster. Somewhere or other I wrote "Tuning up the Turtles" which also later crumbled. Don't get fixated on the rules. There is nothing, absolutely NOTHING special about them...

Take a look at CTA performance over the last 5 to 10 years Winton are pretty well pulling out of TF. Too much money has wrecked the game. Sadly that has not stopped non trading salesmen like Covel from flogging his dead horse.

It is very easy to achieve but the drawdowns are huge. Try shorting the longest dated puts on VIX. You can try and hedge with a ten year bond etf and calls.

Well, quite. Those who sell the shovels have always made more than those who prospect for the gold.

Hedge Fund managers are people who spot a good or even average way to trade and are excellent at hype and marketing. Eventually the vast majority of them crash and burn - or rather their investors do. In the meantime 2 and 20 has made these managers very rich. The successful ones believe they...

I wrote a review published with Curtis' first book. I also used his software Trading Blox for a decade. Haven't heard from him for a while. He has an ongoing war with Fake Turtle Covel.

"What is it exactly about ET you don't like?" No, I love it. Its rather like tabloid newspapers or an episode of the Kardashians. It's a very well built money making tool for its owners. A funfare. A house of mirrors. A vast echoing, twittering birdcage. I wish I had built it myself. Far more...

Yes, well it is very amusing to visit elite trader after an absence of some years. Same old bullshit. Same population.

I am afraid that Michael Covel was never a Turtle, never traded and has no knowledge of trading other than through his conversations with real traders. "Milk the market" is the exact expression I wished to use since it is correct. HFT "milks" the market by trading ahead with knowledge of other...

Since god does not exist any search for him her or it will prove futile. Nonetheless the search may of itself prove therapeutic. I seek to find the numinous in Western Church music as well as church architecture and art. The act of singing Vittorias Requiem of 1605 is its own reward. It is...