lol the russian guy was the real deal. Ya sykes got all excited that he made 1k...lol and he says he runs a hedge fund? I'm sure anyone that was going to put serious money in his fund and saw this video is laughing now.
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Best Trader of All-Time
- Thread starter Bestmiler
- Start date
lol the russian guy was the real deal. Ya sykes got all excited that he made 1k...lol and he says he runs a hedge fund? I'm sure anyone that was going to put serious money in his fund and saw this video is laughing now.
Quote from monty21:
Pretty impressive he took 12K to 2 million before taxes
I hate to talk of Sykes, but he did not short sell his well his way to 2m, he bought like all the other sheeple, also he did this when many were doing the same. Dan Zanger started with less and ended up with 20 times as much as Sykes
Quote from monty21:
retarded he lost 2/3 of his entire hedge fund's value on one preferred stock. He added to his position multiple times too.
3 million being actively managed is a brokerage account, not a hedge fund
hmmm, tough decision....
Livermore & Gann; the best traders of all time?
That's just like calling Amarillo Slim & Doyle Brunson the 'best' poker players of all time.
A hundred years ago the patterns were MUCH simpler and the competition MUCH softer. These guys were great, sure- but they were playing a far easier game than the one that exists today.
I'm sure the world's #1 top 17th century chess player got plenty of respect back then (before anyone really knew how to play), but put him against any modern day grandmaster, and the guy comes out looking like a scrub.
That's just like calling Amarillo Slim & Doyle Brunson the 'best' poker players of all time.
A hundred years ago the patterns were MUCH simpler and the competition MUCH softer. These guys were great, sure- but they were playing a far easier game than the one that exists today.
I'm sure the world's #1 top 17th century chess player got plenty of respect back then (before anyone really knew how to play), but put him against any modern day grandmaster, and the guy comes out looking like a scrub.
Quote from libertad:
The best traders of all time....
Are the individual entrepreneurial traders whereby using direct access technology....independent from all others using only their own money other than those that have enabled the trading account....utilizing their own self made logic ....makes money consistently on a weekly basis....whereby the take from the market surpasses the top .5% percentile in income in the highest earning country on a annual basis....year after year....
Far more consistent than the IBs and others that have far more advantages such as unlimited banks,other peoples influence and money, insider information, etc....
The new breed ....and the envy of the world....because of their freedom and independence from world's rat races and biases....
The world becomes THEIR oyster....living wherever it suits them....
I agree
Quote from monty21:
There is no one greatest trader. Whereas there is one greatest investor, Warren Buffett.
Especially with no measuring stick or formula, this entire discussion is arbitrary. What is a definition of the greatest trader? Without one, there's no point of making a list.
Just because someone traded from zero or had money to play with doesn't mean too much. I'm more impressed with Kyle Bass (shorted sub-prime mortgages) turning 300 million into 3 billion than someone taking 50,000 to a million. Smaller accounts allow more flexible moves in positions and gives the ability to take greater risks.
My view is that there are many great traders, but with continually changing markets, there are new great traders whose strategy works better in the present market conditions. It's very difficult to consistently adopt to markets and that is why most guys will lose a lot of their earlier profits eventually.
It's like comparing athletes from different generations. Wilt Chamberlain scored 100 pts in a single game. But I think Michael Jordan is a superior player though considering he played in a much more athletic and talented league.
Jesse Livermore made fortunates because he frequently cornered the market. Prior to the great depression, it was legal to manipulate stocks and futures. Today, hedge fund guys play the same game of poker but within new laws and regulations.
I will add my 2cents; well said.
Quote from fkbsuhites:
Having read a few of the posts on here, most of you are wanna-be-a-trader. I could scam any one of you by driving up in a brand new Bentley and selling you my "system".
What do you expect? this is a public forum. Don't be too quick to criticize the wanna-be trader, you would have been in their shoes once upon a time.
Quote from Elitist Trader:
What do you expect? this is a public forum. Don't be too quick to criticize the wanna-be trader, you would have been in their shoes once upon a time.
Out of curiosity," How do you know that he still isn't" with a name reflecting "F-cken b-llsh-t artist"
Regards
Johno
stock_trd3r
Cuz he truly knew how stocks werk.
Werd.
Cuz he truly knew how stocks werk.
Werd.