Is that your best retort? My message had typos. Your reply was a result of serious ego and paranoia issues. Nobody cares about your actions.
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Hedge fund carnage, biggest con game going
- Thread starter JackMorgan
- Start date
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TS did much better in his private trading [audited]. NOT a prediction\penny stock suggestion or an investor in his fund; but his self published book is a good read.........................
YOU noted some excellent ones \ but as a group many dont beat any benchmark much, much less 10 years......................................................................................
Day trading low float stocks is easier as Timothy Sykes is competing against his own students. It becomes a self-fulfilling prophecy when his students pile on a low float stock with limited number of shares, to send it flying. Supply and demand and nothing more. His methodology is not applicable to larger stocks with larger number of shares as he would be competing against the hedge funds and big investors. And he would not have the deep pockets to compete against them. A lot of those managing hedge funds are not even traders. That is why you read about some funds losing huge sums of monies here and there. How many of those guys really know what the hell they are doing? Most of them don't but, get the title hedge fund manager just because they were put into place by those they have connections with in the business world in those positions of running a hedge fund. The few successful hedge fund managers actually, trade the US stockmarket.
Here is another inauspicious 1st post as of yesterday.
https://www.elitetrader.com/et/thre...10-years-for-you-to-be-a-legend-again.367478/
the wheel has turned.
https://www.elitetrader.com/et/thre...10-years-for-you-to-be-a-legend-again.367478/
the wheel has turned.
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How?I bypass all paywalls , forgot many aren't so slick
Hustles! Hustles! Hustles!
Hedge funds, as a group, are.hudtkes as they figure to underperform reasonable benchmarks, even on a risk adjusted basis.
The main reason the group has underperformed and figures to continue underperforming is that their skill can not outrun their fees. Interestingly, if a fund has an edge over a reasonable benchmark, it may lose that edge if it becomes very large.
There have been and are exceptions, of course:
Thorp had an edge over the market but honorably shut down when his warrant vs stock system edge went away.
Druckenmiller has an edge over reasonable benchmarks, though he is somewhat of an artist rather than a quant. However, his fund has been closed to the public for years.
The Medallion fund has of course crushed in legendary fashion for decades and figures to crush in the future. Alas, the fund has been closed to outsiders for a long time and is capped at ten billion. Why the cap? Just how many edges do you think they can find to run big volume through?
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Street Economics
100 dollar bills do not lie on the sidewalk of a big city very long.
For every buyer there is a seller.
Price trys to discount the future.
* exceptions may occur
https://t.co/IjelQ27L2q
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