Ernie Chan turning to dark side

guru said:
This is from a private trading chatroom where someone who diligently followed Ernie Chan, found that Ernie started cheating after having a large drawdown this year.
At https://qtscm.com/, Ernie was initially posting 59% return for 2021 and reasonable returns till March 2022:
View attachment 284376

Then in April 2022 he had a large 30% drawdown and to mitigate it, he retroactively swapped previous returns, dividing everything by 2:
View attachment 284377


Not a wipe out like James Cordier, but now another non-trustworthy trading authority and book writer.

(screenshots are originals from QTS Capital Management website)
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Thank you for posting about this guru,

Who is James Cordier? And can you please share what happen to him?

Thank you
 
guru said:
This is from a private trading chatroom where someone who diligently followed Ernie Chan, found that Ernie started cheating after having a large drawdown this year.
At https://qtscm.com/, Ernie was initially posting 59% return for 2021 and reasonable returns till March 2022:
View attachment 284376

Then in April 2022 he had a large 30% drawdown and to mitigate it, he retroactively swapped previous returns, dividing everything by 2:
View attachment 284377


Not a wipe out like James Cordier, but now another non-trustworthy trading authority and book writer.

(screenshots are originals from QTS Capital Management website)
More...
Hello Guru,

He wrote all those books and still having issues.

Looks like he had one of those Long ONLY Algos.

Long only Algos getting their ass tore UP in 2022.

LOL HAHAHHAHA
 
TheDawn said:
It's understandable that the strategy is now starting to experience drawdowns due to the increase in volatility in the market.
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Hello The Dawn,

I am not buying that old lame excuse any more "drawdowns due to the increase in volatility in the market".

Volatility can be in favor of the Bears or the Bulls. Both ways is perfect way to make money.
 
SimpleMeLike said:
Hello The Dawn,

I am not buying that old lame excuse any more "drawdowns due to the increase in volatility in the market".

Volatility can be in favor of the Bears or the Bulls. Both ways is perfect way to make money.
More...

It's obvious that's not the strategy that he has. The one that he has does experience drawdowns when the volatility is increased.
 
TheDawn said:
It's obvious that's not the strategy that he has. The one that he has does experience drawdowns when the volatility is increased.
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Hello TheDawn,

lol, why in the world would he have a strategy that experience drawdowns when volatility is increased?

When volatility is increased (i.e., 2020, 2008) that when it is time to make ALOT of money, not Lose ALOT of money.
 
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SimpleMeLike said:
Hello TheDawn,

lol, why in the world would he have a strategy that experience drawdowns when volatility is increased?

When volatility is increased (i.e., 2020, 2008) that when it is time to make ALOT of money, not Lose ALOT of money.
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Not his strategy. Read about his strategies again and you will see why.

Hint: Read about James Cordier and his strategies too.
 
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