So I just went through that thread, since it was mentioned earlier
As a guy, that has seen NUMEROUS people busted in the markets?
You really ...
R E A L L Y need to be careful with that dest guy.
Seriously
Reminds me of one of the most dangerous people I ever saw. A guy some knew ... who was out of Akron. This is going back, about 10 years. His last name ... was Davian.
Posted completely profitable trades. And posted them in real-time. Knew all the mechanics. Could speak on how to the code on how to scan for opportune times to extract theta from Deep ITM's ... coding for optimal Married Puts ... some interesting stuff for 2010.
But what was interesting about him? He had this
really weird need to have people believe he was a BSD. I mean it was his driving passion. How "awesome" he was. What he had "done". Who he "knew". There is a rather famous Mid-Town Hedge Fund, that he actually DID know the guy, and was talking with him on a regular basis. He also regularly spoke with a rather well known Options Trader that I respect to this day.
Davian's schtick? Was he posted "screenshots" of successful trades and amounts in accounts. Which is so easy to fake ... it's ridiculous. Hell, he posted screenshots of books, and screenshots of his VERY REAL small Hedgie trading floor that he had leased in Dayton. Conversations with him with this very well known Hedge Fund Manager outta Mid-Town.
That guy just got out of Prison.
https://www.justice.gov/usao-ndoh/pr/copley-man-sentenced-nearly-five-years-prison-investment-fraud
http://sirf-online.org/2014/11/24/a-reckoning-for-the-hedge-fund-king-of-akron-ohio/
I'm telling you ... flat out.
B E L I E V E ... N O ... O N E
Yes, that includes me.
The only thing that matters ... are ideas. Which ironically ... you can even pull from the frauds, if they are ... shall we say ...
Deep Fakes as was Davian (
when the twitter-verse busted that guy, it was one of the most glorious things I had ever seen ... simply because he had this over-arching desire for people to believe "how important" he was ... and true to the theme ... how dumb everyone else was). You could actually pull ideas from Davian.
Which is what made his deception so insane.
There are no guru's. Just an extractable ideas. That's it.
I mean, my God, I posted my portfolio mandate (
which is not this) a few pages back, which is nearly lock solid. But it won't matter to guys like that. I could tell people a million times, this is not the most efficient use of capital, and did so at the outset. It won't matter. They need to ignore that ... say "
This ravar guy advises long-flat with selling calls (
no I don't, and have said so repeatedly) ... but they have to ignore that ... so as to prove their case as to how "smart" they are.
As strange as this may sound? But Davian proved the case?
There are people out there, more concerned that you BELIEVE they are important ... than they are concerned about making money. Even if they know how to make that money!
I've never seen something as weird as Davian, until Davian. Then I found out? There are a lot of guys out there? With that same sort of weird need for the ego stroke.
I figured out with Davian? You can spot them, because they have this weird NEED to have people believe they are smart. That's what drives them. It's their over-arching desire.
As I've said numerous times? What I stress? Is not special. For partners? I run six strats (
outlined in a general way ... earlier).
That isn't special. I've said that numerous times. I can name 20 firms off the top of their head, doing the same thing. If I can name 20 firms off the top of my head doing the same thing? So much for this "raVar" guy being so smart.
Because it's not special. I'm cocky ... but I have no need to have my ego stroked. The money does that. To try to get that from other humans, is
exceedingly dangerous.
Seriously ... guys ... go to a database like Barclay Hedge or IASG or Coquest, and do a search for "Multi-Strategy" or "Multi-Strat". You'll find there are a million firms out there, doing it. Multi-Strat, is simply an industry name ... for Non-Correlated Strategies.
The point?
What I'm showing is not that special ...
But aspiring traders, need to know that, and how to approach risk. And Non-Correlated Strategies is one of the best way to do that.
As a currency trader I knew years ago said ... if you're going to help aspiring traders? Don't lead them to your best stuff. Just give them a Skeleton, that they build upon. And then let them bang it out for themselves. or not. Thus ...
as I said at the outset ... it's a model Partners and I have agreed could be shown, so as to not go near the stuff that is locked down by NDA's.
Maybe I should call this a "Skeleton" Process?
"The Skeleton"?
(
Yes, naming processes and approaches is a big thing in Finance)
This particular model isn't even smart ... --->
AS I SAID AT THE OUTSET. These are just the principles, that you apply later; and go on to apply. And to do the work yourself. But as I was saying ... the Davian types? Their desire, and you see this again and again? They HAVE TO HAVE PEOPLE BELIEVE they are well connected and did this, and did that, and know XYZ.
Psychologically? It's usually because of either a) a mental problem or b) a deep-shame incident somewhere in their lives, that causes them to strive for what psychologists refer to as "
Narcissistic supply"
