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Wow, you guys have no respect for traders who let you learn from them - successes and failures. Correct! Perhaps that is because traders only let you learn from them a) if they are not traders (like Covel) or b) they can no longer make money from the markets or have lost their nerve. No one...

Well said Mr wwatson1 you are SO right. I am chiefly still fiddling around with this shyte because I like Python and because I like to improve my lousy mathematics.

I wonder how many people on this forum are successful traders in their imagination. Or people who have had a lucky run over the shorter term. My suspicion would be that longer term success is more likely to be achieved through running this website for a bunch of dreamers. Or am I too cynical.

My point is a different one. Seykota made a lot of money at a time the futures markets were suitably aligned for his style if trading. Later he gave paid seminars. Covel never traded but presumed to "educate" on the basis of no trading experience anyway. The subject of this thread may have made...

Or perhaps people have stopped worshipping false idols?

Has Ed Seykota given up the Trading Tribe? Perhaps people has stopped worshipping there given the apparent death of Trend Following? In which case perhaps Covel's business has also died?

Ah yes Mark Cook. I see. Hilarious. To be fair perhaps like Ed seykota he did trade at one time before becoming an "educator "?

What happened to Michael Covel?

Because he is very probably Not a multi millionaire and actually needs the revenues from suckers buying into a mirage.

I wonder how helpful anyone finds his tweets or commentary. I suppose I have become used to quantisising things over the years and his tweets together with the above comments all seem to be vague blurb. Is the nub of it that he has, so far at least, proved successful at predicting short term...

You are only slightly less blind after you have backtested but it's better than nothing

Backrest. Without doing that you are completely blind.

You would be better of studying spoor than charts.

Traders like their close cousins sports bettors want to be fooled.

The only trading forum I have visited recently has been Quantopian. Its probably among the best there is recently for algorithmic trading. But even that forum has its quotient if useless no hopers deceivi g themselves that they are on a royal road to trading riches. No hopers are an integral...

I wonder if there is any area so entirely useless in modern commerce as that which purports to serve the retail trader and yet which is so damaging to their financial heath. I suppose sports betting rivals financial services but the two are certainly on par.

I wonder how and why financial commentators survive. Who pays them and why. I wonder also how and why so many providers of financial services survive when such services are so obviously not fit for purpose. For any purpose.

" I do things un-hedged for the most part but scale size to a level I feel I can absorb risk including tail risk. But tails are so far away from the usual distribution of outcomes that the idea of hedging them away so I can re-adjust size is appealing." I know exactly how you feel. I managed my...

"You’d think so, wouldn’t you? But backtest a continuous front month short strangle for example over the past dozen years and check out what VIX levels it suffered the highest drawdowns and what levels it has the most attractive return metrics and I think you’ll be surprised." Agreed. It is NOT...

Mark What is your business model these days? I have looked at your website but am none the wiser. You could say exactly the same about my website so this is not a criticism. A