22 things you need to know about trading from Vic Niederhoffer

Quote from Landis82:

I was a COMEX floor trader back in 1986 for Paul Tudor Jones and met Monroe through a friend of mine that was in the Silver pit. My buddy lived in New Canaan, CT along with Monroe. Monroe would occasionally come over to my buddies estate (7 acres) and we'd play everything from "3 ........

The Bottom line..... Monroe Trout was a "quant" before there were quants on Wall Street.
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Another great story, thanks. Given your quant fact, I think it would be accurate to say that VN had a huge influence over M in quant trading......

Interesting about the Pepsi CFO's son, my ex wife is the daughter of an ex president at KO----- I know they hated the Pepsi guys back in the day....

surf
 
VN talks philosophy but given his history of writing naked options in size he seems to me to be simply a gambler. I seem to remember he busted out twice since he ran good sized money. It's one thing to bust out taking big risk to get "there" but, once you are there, most smart traders opt for a lowr risk profile.
 
Quote from Swan Noir:

VN talks philosophy but given his history of writing naked options in size he seems to me to be simply a gambler. I seem to remember he busted out twice since he ran good sized money. It's one thing to bust out taking big risk to get "there" but, once you are there, most smart traders opt for a lowr risk profile.
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The guy has a strong will to number 1 in everything--- in the hedge fund business this requires ramping up risk and size to beat the HW mark and your competitors who are getting more savvy every year.

It's this competitive obsession that is both his genius and flaw.

surf

PS-- my opinion only.
 
ds was one of the first intelligent blogs talking about the markets.

i've forgotten to keep up with it.

put it back on my rss feed

prob wont make you two cents, but better than the trash elsewhere.
 
Quote from marketsurfer:

The guy has a strong will to number 1 in everything--- in the hedge fund business this requires ramping up risk and size to beat the HW mark and your competitors who are getting more savvy every year.

It's this competitive obsession that is both his genius and flaw.

surf

PS-- my opinion only.
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"Ramping up risk" in a $3 put should be in the DSM-IV for psychiatric disorders. Why is it that other managers have not had to resort to selling garbage puts? And now he's done it 3x with catastrophic results.

The term is cognitive dissonance. There should be a pic of VN with the definition.
 
Quote from atticus:

"Ramping up risk" in a $3 put should be in the DSM-IV for psychiatric disorders. Why is it that other managers have not had to resort to selling garbage puts? And now he's done it 3x with catastrophic results.

The term is cognitive dissonance. There should be a pic of VN with the definition.
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You speak with authority on this $3 put claim--- where does this info come from and what's your evidence? surf
 
Quote from Visaria:

One that comes to mind was some years ago, when on his website, he said he was looking to short companies in the UK that had people with titles on their board e.g Lord or Sir or whatever. This was on the the basis that they were just aristocracy placed on the board to make the company look good.
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The interesting thing is VN was pissing on other traders as 'misguided' and 'amateurish' every opportunity he got but was propagating non-sense like the above at the same time.
 
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