Another Master bites the dust

M

moneymoneymoney

Was reading a old SFO magazine last night (8,9/2003 issue) and read the article starting on page 29 "Anatomy of a master trader, programmer, and systems writer". Edward Velazquez supposedly sold a system for 10's of millions, so I read the article to glean some insight's. Looked interesting so I did a Basic search this morning to see if he's working in the futures world. Pretty surprised to find this under his name:

http://www.nfa.futures.org/BasicNet/Case.aspx?entityid=0267201&case=04C+5853&contrib=CFTC


95% failure rate is beginning to look like a lowball estimate.:p :p
 
There is a fundamental flaw in the system:

The crooks are MUCH smarter than the regulators.

When was the last time you heard...
The smartest guy in his class say, "I wanna be an NASD examiner".

rm+

:cool: :cool: :cool:
 
Quote from RedManPlus:

There is a fundamental flaw in the system:

The crooks are MUCH smarter than the regulators.

When was the last time you heard...
The smartest guy in his class say, "I wanna be an NASD examiner".

rm+

:cool: :cool: :cool:
More...

Wisdom is the principal thing. Nobody ever accused Hitler of being stupid.:D
 
Quote from fhl:

Nobody ever accused Hitler of being stupid.:D
More...

I read that he made a lot of tactical descisions based on the recommendations of an astrolger. Thought he could solve his problem with the Jews by wiping them out. I would say he was a moron.
 
I've never understood why anyone would even buy a system.

Design your own.

There is a reason why people sell the things. if they were that good, do you really think they'd sell em?

Jay
 
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