22 things you need to know about trading from Vic Niederhoffer

You are livin in the past man. You are a glory days guy. VN is old news. Stop with the glory days rah rah rah

Quote from marketsurfer:

The guy accumulated 500M at his peak---- was ranked #1 hedge manager for years and you question his wisdom?

 
Quote from Pekelo:

That was my fault, I just threw her in because I thought she was sexy. :)

(and to show that there are other "heros" out there, 2 sets of twins, my vagina hurts just to think about that)

But again, we already discussed Karen Bruton and her African charity back in last December, I am surprised you forgot, specially that you posted after we gave her name...

Anyhow, sorry for the confusion...

Edit: Apparently she is also an author:

"Her first book, Finerman's Rules: Secrets I'd Only Tell My Daughters About Business and Life will be published on June 4, 2013"
"
That was my fault, I just threw her in because I thought she was sexy. :)
i guess if still you have a dollar in your pocket no gold digger thought you would be a worthwhile target.
this will make my year end list of the .... remarks.
are you sure that you should not be referring to kathy lien?
 
Quote from FreakofNature:

This board is obsessed with the trading record of others.
Not to mention as soon as someone shows any success at all, particullarly if its via unique or unusual methods in or out of the market, in the finance world--- the degenerate losers attack enmass---- it's truly a fascinating but sad reality.
 
Quote from Cote Rotie:

You are livin in the past man. You are a glory days guy. VN is old news. Stop with the glory days rah rah rah

I don;t dispute this.

Everything but HFT, routing, and dark pools is glory days---- no doubt about it, manual chart reading day traders are living in the past.
 
Quote from marketsurfer:

I don;t dispute this.

Everything but HFT, routing, and dark pools is glory days---- no doubt about it, manual chart reading day traders are living in the past.

Why drop what works? :)
 
Quote from southall:

Trout traded his own models when working as a floor trader for niederhoffers firm, VN could of learnt how to manage risk by watching Trout trade, but i doubt he bothered.

Soros always knew VN was going to blow up one day, this is what he wrote 2 years before VN first blew up in 1997.

“Victor Niederhoffer looked at markets as a casino where people act as gamblers and where their behavior can be understood by studying gamblers. He regularly made small amounts of money trading on that theory. There was a flaw in his approach, however. If there is a…tide…he can be seriously hurt because he doesn’t have a proper fail-safe mechanism.”
George Soros 1995.


The Dark Lord also wrote this:

" in The Alchemy of Finance that Niederhoffer was the only one of his managers who retired voluntarily from trading for him while still ahead. Soros held Victor in such high esteem that he sent his son to work for him to learn how to trade.[2]" wiki


The ONLY one of the Dark Lord's managers who retired while ahead. Do you understand how many managers Soros has had? and the magnitude of what this means? surf:D
 
Quote from cornix:

Why drop what works? :)

I'm net positive over my trading career and everyday I spin around and around in my chair to the right, then to the left for 5 minutes prior to the opening bell. This must be the reason of my good fortune, so why drop what works?

surf:p
 
Quote from marketsurfer:

Soros held Victor in such high esteem that he sent his son to work for him to learn how to trade.

You still haven't told us if he became a successful trader or not.

If you are bringing up Vic's mentoring ability, you should worship him as a teacher not as a trader... Nothing wrong with that...

I worship Jack Hershey as a philosopher and great thinker, not as a great trader...
 
Quote from marketsurfer:

I'm net positive over my trading career and everyday I spin around and around in my chair to the right, then to the left for 5 minutes prior to the opening bell. This must be the reason of my good fortune, so why drop what works?

surf:p

Well, there is positive and there is positive. :)
 
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