I'd have to agree. Small positions and diversity is key. A fund stop loss helps also.
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Aaron chat
- Thread starter praetorian2
- Start date
I'd have to agree. Small positions and diversity is key. A fund stop loss helps also.
everyone needs to read the hedge fund series of articles in the wall street journal. the first article was today and it is excellent !
best,
surfer
best,
surfer
Quote from OPTIONAL777:
If you understand streak probabilities, yes I will make that bet with you.
Take Barry Bonds, a proven commodity. Say he is in a slump. What are the odds with each pitch, given his long term record, of hitting a home run each successive strike out?
Point is, that most traders, professional traders, professional money managers, proven commodities, will have good and bad streaks. They have learned how to manage their own streakiness.
I would prefer to have my money managed by a proven winner in a bad spell, than bet on him if he has been on a hot streak.
Remember Kobe's hot streak? What followed? Average performance, if a bit sub-par for him.
Why is it that human beings (apart from Tiger Woods) typically run hot and cold?
A lot has to do with their psychology, and just the natural order of things.
Schindler has no system that I can see, he was foolish enough to admit that he looks at threads in ET for ideas on how to trade. That is a system? Sheesh. If I had my money with the guy, I would pull it immediately upon hearing that.
My contention is that 99% of trading is mental, and 1% the mechanical system. It takes a real machine of a trader to go through a losing streak and not flinch on the next trade, and I don't think baby Schindler has the balls for it. My god, the dude had to go to the bathroom several times during the on-line chat because he was so nervous.
His puny little fund is not proven so he really is not a good example, but I would put my money with Peter Lynch, Buffett, Niederhoffer or others after a losing streak beyond their historic averages.
Very nice post!!!!!
Aaron,
Thanx for the ideas on the sites. I have gotten a number of very promising leads since I posted on one as a trial.
I have one question. Since you did not know these people, how did you know they were honest and wouldn't get you in trouble.
Basically, how did you know they were accredited when they claimed they were?
How did you know that they weren't using you to launder money or support some terrorist organization?
Did you do background checks?
I don't want to get arrested on RICO charges or trying to overthrow our government.
Thanx for the ideas on the sites. I have gotten a number of very promising leads since I posted on one as a trial.
I have one question. Since you did not know these people, how did you know they were honest and wouldn't get you in trouble.
Basically, how did you know they were accredited when they claimed they were?
How did you know that they weren't using you to launder money or support some terrorist organization?
Did you do background checks?
I don't want to get arrested on RICO charges or trying to overthrow our government.
Has anyone used knowx.com
My accountant just recommended it. seems cheap for just such a purpose.
My accountant just recommended it. seems cheap for just such a purpose.
Quote from praetorian2:
Aaron,
Thanx for the ideas on the sites. I have gotten a number of very promising leads since I posted on one as a trial.
I have one question. Since you did not know these people, how did you know they were honest and wouldn't get you in trouble.
Basically, how did you know they were accredited when they claimed they were?
How did you know that they weren't using you to launder money or support some terrorist organization?
Did you do background checks?
I don't want to get arrested on RICO charges or trying to overthrow our government.
harris,
since the investors in your fund are "partners" background checks and financial due diligence are critical for those you don't know. be very cautious concerning leads from these sites.
best,
dave
Time to look at the results of Aaron's "system of trading."
Fourth losing months in a row. This guy sucks!!!
Check it out!
http://www.schindlertrading.com/performance.htm
Fourth losing months in a row. This guy sucks!!!
Check it out!
http://www.schindlertrading.com/performance.htm
Looks like Aaron did not learn any of Monroe Trout's risk and money management techniques while he was employed there!!!
Monroe had one of the best risk adjusted returns of any managed futures manager during the last 15 years!! Monroe never lost more than 10% in any one month, or any one year for that fact.
Poor Aaron, just goes to show that day trading or swing trading or whatever he does in ND100, SP500, TY does not work!!! He obviously risks way to much on his trades.
Took a peak at his website!! Not much there!!! Talks about diversification and how a managed futures portfolio can enhance investor returns...blah...blah...blaaahhhh..
Good luck to his investors if he still has them!!
Monroe had one of the best risk adjusted returns of any managed futures manager during the last 15 years!! Monroe never lost more than 10% in any one month, or any one year for that fact.
Poor Aaron, just goes to show that day trading or swing trading or whatever he does in ND100, SP500, TY does not work!!! He obviously risks way to much on his trades.
Took a peak at his website!! Not much there!!! Talks about diversification and how a managed futures portfolio can enhance investor returns...blah...blah...blaaahhhh..
Good luck to his investors if he still has them!!
Quote from triple_j:
I wonder how many saw the 96% for last year and shoved money into the fund in Jan and Feb?
Having said that, if you believe in him as a manager it may not be a bad time to invest or add right now.
triple
Why would you believe in him?
He has no long term track record to establish trends, or anything beyond luck......good or bad.