Hedge Fund

[darkhorse]

Originally posted by metooxx


I sure hope you won ...

go check it out, that was actually a pretty funny thread- larry williams challenge or something along those lines

 

[liltrdr]

I think you've proven your points pretty well. Good luck w/ your fund.

 

[darkhorse]

Originally posted by liltrdr
I think you've proven your points pretty well. Good luck w/ your fund.

thx, 'preciate that

we say what we say and write what we write, what others read into it and take away from it is entirely up to them...

 

[AlchemistTrader]

To the neutral observer, this thread is very amusing, even if it has deviated somewhat from the original topic!

Darkhorse,

Looks to me like StatTrader called your bluff on the numbers. "I'll make X times more than you in N years once BLAH BLAH BLAH" isn't much of a response. What counts is the here and now, so how about posting some number ?

 

[darkhorse]

Originally posted by AlchemistTrader
posting some number ?

Okay: 1324570951245

What counts is that you apparently missed the point of the entire debate.

Don't like my answers? Great.

Think I'm full of it? Great.

Be dissatisfied. Who cares?

I could make something up and scan it in, or I could create a new posting name (maybe, say, alchemisthorse) and pretend to defend myself with it. But why?

I didn't make half a mil last year. And I won't do it this year either. My statements were based on a reasonable projection of what's on the plate. But now that you've decided to declare all future scenarios null and void, I guess I'm totally deflated and my points have all been deflected. Gee, I'm sorry I ever tussled with you. Declare victory, declare yourself a hotshot and take your emotions into the trading day (do you trade by the way?)

I am what I am, and your personal opinion is about as important to me as what Popeye thinks of Olive Oyl.

Read what I say, like it or hate it, give me kudos or give me crap, call me truthful or call me a liar, flick your boogers on the screen- whatever dude, it's a free country.

p.s. I find it hilarious you went to the trouble to put "neutral observer" in your post

 

[trader99]

Originally posted by darkhorse



This is one of the funny quirks of needlessly arrogant people. They are thickheaded enough to think that everyone else is as arrogant as they are.

And what is this "trading from your bedroom" crap? So I'm in my underwear now? And I guess I have bedhead corkscrews of hair pointing everywhere, bloodshot eyes, pizza stains on my wifebeater t-shirt, a stream of yoohoo trickling down my mouth, cartoon network playing in the background...and I guess I don't know anyone with money, either. I'm hitting up my Uncle Jeb who owns a spare parts garage for funds.

You are stupid, my friend. Every additional post further reveals the thickness of your skull. You are beaten down with logic, and every time you pop back up like one of those idiotic inflatable clowns, just to get smacked down again. All your ego garbage has replaced the space in your head reserved for common sense. My grandmother has more street smarts than you. Are you intentionally trying to make yourself look like a fool with all these softballs you are lobbing me? I've put my foot up your ass so many times my shoe is starting to smell funny.

Every time you make some lame comment about "trading from my bedroom" or "smallville USA" you show me that you are in love with hype and substance is more real to you than results. A suit and tie does not make you a professional. I could put on a three piece suit and designer shoes every morning if I felt like it. I could shell out $1500 a month for a high tech office with a modern architectural design, state of the art blinds and a plexiglass door. Would it make me a better trader? Not a bit. Would it impress jerkoffs who are too stupid to pay attention to what's important and more interested in what looks good? You bet. Show me a guy who is more impressed by the straightness of a guy's teeth than the words that come out of it, or the way his offices look than the results of his activity, and I will show you a Dumbass with a capital D.

I have news for you. The only reason I'm not a big boy yet is because I haven't decided if I want it. I'm happy moving fast as lightning and living the lifestyle I want in one of the most beautiful places in the country. My wife and I are looking for property, eventually we want a twenty acre spread so she can train and breed horses. You think I could do that in Manhattan, moron?

Sure I'm small right now, but that's only because I like being small. (Oh and I'm still big enough that my total pay over the next 5 years will dwarf yours, by the way, I'd bet my last dollar on it.) I've got what it takes to make it on any playing field, no matter how tough. And if I want to get bigger, I can hire some math geeks any time I want. I got to where I am through sheer force of guts, determination and will, and if I ever want to run a billion instead of a few million, you know what? I'll be able to. I have no doubt of it. By my posts on this site compared to yours, anyone can see I have more marketing and communication skills in my little finger than you have in your whole body. And despite your desperate wish to believe I just fell off the turnip truck, I know a fair number of guys with a nine figure net worth. So you see, stat, the only reason I haven't invaded your turf and kicked your ass there too is because I haven't decided whether I want it or not yet. It's just a question of whether I want to hassle with it. Because you see, there are things in life more important than prestige or a plexiglass door.

Well, trading in its purest form is very difficult. Earlier, I've posted whether I should stick with prop trading or go back to institutional. I guess prop trading gives you a lot of freedom but at a price. There's no free lunch.


trader99

 

[goldenarm]

I don't know if darkhorse is a good trader or not, but his posts are very entertaining and well written! At least he has a backup to fall on if trading doesn't work out...

Looking forward to more posts, horseboy!


Just a neutral observer...LOL

 

[darkhorse]

Originally posted by trader99


Well, trading in its purest form is very difficult. Earlier, I've posted whether I should stick with prop trading or go back to institutional. I guess prop trading gives you a lot of freedom but at a price. There's no free lunch.


trader99

This is true.

Keep in mind also that prop trading is not the only way to go. It's my personal opinion that decimalization has badly damaged the whole daytrading thesis by reducing the size of the short term profit swings to an extent that lower commissions can't match.

When you knew you had an eighth, it was a different ballgame than settling for a cent.

This is not to say that there aren't still guys making big dollars in that arena. Just to point out that there other profitable but slightly less hyperactive strategies. Just have to find them. A working methodology is kind of like a car engine. Everything has to be in tune for it to run. If even one piston is off it can seize up. But if you have the tenacity and the skill to get the last puzzle piece in place, to have every element accounted for and tweaked, you can be cruising in no time. An 'overnight success' after months or even years of work and preparation, that kind of thing.

 

[Maverick74]

So let me get this straight. You made less then 500k last year right. So after taxes we are talking about 250k right. Then after you figure that the cost of living in NY is twice as high as everywhere else, that leaves you with 125k in realized income. I'm not going to say that is not a lot of money considering the avg income in this country is what 28k a year or so. But when compared to other traders and especially since you were spouting off about the correlation between a great education and trading results or trading income, those numbers leave a lot to be desired. Do you know who Bill Gross is? Allianz insurance just bought out 2/3 of his bond portfolio and compensated him 223 million for it. Plus on top of that they are giving him 40 million a year the next 5 years to keep managing their share. That 40 million a year does not even include his regular salary and bonus he gets from PIMCO. So I wouldn't go bragging too much about 125k in income. You know, some of the top professors at the Ivy league schools make as much as you. Have you ever thought about going back to academia and teach instead of trade?

 

[NickLeeson]

Originally posted by Maverick74
So let me get this straight. You made less then 500k last year right. So after taxes we are talking about 250k right. Then after you figure that the cost of living in NY is twice as high as everywhere else, that leaves you with 125k in realized income. I'm not going to say that is not a lot of money considering the avg income in this country is what 28k a year or so. But when compared to other traders and especially since you were spouting off about the correlation between a great education and trading results or trading income, those numbers leave a lot to be desired. Do you know who Bill Gross is? Allianz insurance just bought out 2/3 of his bond portfolio and compensated him 223 million for it. Plus on top of that they are giving him 40 million a year the next 5 years to keep managing their share. That 40 million a year does not even include his regular salary and bonus he gets from PIMCO. So I wouldn't go bragging too much about 125k in income. You know, some of the top professors at the Ivy league schools make as much as you. Have you ever thought about going back to academia and teach instead of trade?

Well, I didn't read the thread so no idea what's going on. But just let me say this:

Isn't your post, just on it's points alone, a bit like asking your run of the mill software programmer pulling in a very decent income why he doesn't go back to MIT just because he didn't get to where Bill Gates is?

There aren't all that many PIMCO's out there with their founders, just like there aren't that many Microsofts with their founders.