Ok I know I said no more... but this does need to be said...
to bwolinsky:
Hey Beau (seriously?) of course I googled you days ago... or rather one of my TA's did when she read your posts and said "who is this idiot?" I said good question and 5 minutes later she discovered:
-You live in Missouri (where all the great stock traders do)
-I won't tell you her comment about the profile picture you posted, but she was not impressed with the "fashion sense". Maybe not fair since she was in fashion before trading and has some strong opinions, but I digress...
-Have been in the business less than 3 years
-Got started playing with "6 figures" of family money in college
-Failed level 2 of the CFA. Bummer dude... level 2 isn't the hard one.
-Claim to be "One of the best trading strategy developers in the world. I have built trading strategies verified on wl4.wealth-lab.com" which is a joke. Serious system testing is done in Matlab, SAS, R, C++, C# or maybe VBA. Wealthlab is for the uneducated public.
-You publish a lot of "systems" on websites like Collective2 and WealthLab, which are not serious venues. You publicly admit that your "best" strategy (and considering the above statement that would be the BEST strategy from the BEST developer) isn't really tradable. http://www.collective2.com/cgi-perl...110&session=643887459435416745915892906026704 those don't look so good Beau! You're THE BEST???
-You also write things like this about yourself: "I now personally control a lot of money... I mean being three years out of college I'm really proud of my accomplishments."
-You also say "I went to College, had a few internships, spent a day on the NYSE" Cool dude. Did you get one of those I heart NYC shirts too? Wow!
-What is the point of this? "No one is better at pairs trading than I am. I would probably see so many things wrong with your pairs models that it doesn't benefit me to give away secrets." No one is better? You're the best?
-"And if you didn't notice, I was spot on calling the market stupid for dropping recently, and I did make money at it, unlike the system here. " Words of a silly child. The market wasn't stupid that was a perfectly and normal pullback.
-She also looked at the Superbands system which you say is fantastic. It has an error in it that any of our trainees would not make after the second week on the job. You can't build a system that references the open and expect it to work.
-You work as an Investment Advisor, which means you make money from management fees, not from trading.
Beau (seriously?) let me say something to you. I started in this business, not as an arrogant kid with six figures of family money, but as a guy who knew he didn't know anything with $5,000. Through a lot of misteps, constantly seeking out people who knew more than I did and being humbled over and over... I kind of figured some things out. Just like you, I now manage "millions of dollars", but I don't manage any client money. I pay rent on the office in downtown Manhattan a few blocks south of the stock exchange, a lot of infrastructure, etc etc etc with my TRADING PROFITS and there are 10 people who have worked with me who now also make their living trading.
The one constant I have looked for in people I have worked with or trained is attitude.
Your attitude sucks. You're an arrogant kid and whatever potential you might have is offset by your attitude. I wish you were able to read the things you write about yourself like someone else reads them. Saying things like you're the best system developer, best pairs trader, the first person to do portfolio testing, etc... geeze... if you're trying to provoke a reaction then you can accomplish that. You're lucky you're in the backwoods where your clients don't have a lot of choices because if you were in the Big Leagues you would be a joke.
And your obsession with the S&P adds/drops is amazing. What a petty closed minded little person (in the figurative sense) you are Beau! One trade... that is still open and within 2 standard deviations of the mean expectation for the system. That's the definition of no big deal... and I specifically told you that 10% of capital in each position was WAY too much, remember? Oh, and your math on the APR (lol) is wrong... your annualization factor is wrong and your prices are not even close. Wipe the cheetos off your pudgy little fingers (http://www.facebook.com/bwolinsky1984) and dig up that CFA book you should have studied harder (btw it's not that I don't respect the curriculum... it's that I don't think it's relevant to trading... it's good for people who are going to spend their careers in short sleeve shirts and ties sitting in a cubical working for someone else.)
Long after you have tired of being the joke you are on the internet, and when you discover 5 years down the road your systems won't work like you think they do... I'll still be doing what I do. Have a nice day. Good luck with the CFA next time you attempt level 2. Good news is, you can keep trying until you pass.
to bwolinsky:
Hey Beau (seriously?) of course I googled you days ago... or rather one of my TA's did when she read your posts and said "who is this idiot?" I said good question and 5 minutes later she discovered:
-You live in Missouri (where all the great stock traders do)
-I won't tell you her comment about the profile picture you posted, but she was not impressed with the "fashion sense". Maybe not fair since she was in fashion before trading and has some strong opinions, but I digress...
-Have been in the business less than 3 years
-Got started playing with "6 figures" of family money in college
-Failed level 2 of the CFA. Bummer dude... level 2 isn't the hard one.
-Claim to be "One of the best trading strategy developers in the world. I have built trading strategies verified on wl4.wealth-lab.com" which is a joke. Serious system testing is done in Matlab, SAS, R, C++, C# or maybe VBA. Wealthlab is for the uneducated public.
-You publish a lot of "systems" on websites like Collective2 and WealthLab, which are not serious venues. You publicly admit that your "best" strategy (and considering the above statement that would be the BEST strategy from the BEST developer) isn't really tradable. http://www.collective2.com/cgi-perl...110&session=643887459435416745915892906026704 those don't look so good Beau! You're THE BEST???
-You also write things like this about yourself: "I now personally control a lot of money... I mean being three years out of college I'm really proud of my accomplishments."
-You also say "I went to College, had a few internships, spent a day on the NYSE" Cool dude. Did you get one of those I heart NYC shirts too? Wow!
-What is the point of this? "No one is better at pairs trading than I am. I would probably see so many things wrong with your pairs models that it doesn't benefit me to give away secrets." No one is better? You're the best?
-"And if you didn't notice, I was spot on calling the market stupid for dropping recently, and I did make money at it, unlike the system here. " Words of a silly child. The market wasn't stupid that was a perfectly and normal pullback.
-She also looked at the Superbands system which you say is fantastic. It has an error in it that any of our trainees would not make after the second week on the job. You can't build a system that references the open and expect it to work.
-You work as an Investment Advisor, which means you make money from management fees, not from trading.
Beau (seriously?) let me say something to you. I started in this business, not as an arrogant kid with six figures of family money, but as a guy who knew he didn't know anything with $5,000. Through a lot of misteps, constantly seeking out people who knew more than I did and being humbled over and over... I kind of figured some things out. Just like you, I now manage "millions of dollars", but I don't manage any client money. I pay rent on the office in downtown Manhattan a few blocks south of the stock exchange, a lot of infrastructure, etc etc etc with my TRADING PROFITS and there are 10 people who have worked with me who now also make their living trading.
The one constant I have looked for in people I have worked with or trained is attitude.
Your attitude sucks. You're an arrogant kid and whatever potential you might have is offset by your attitude. I wish you were able to read the things you write about yourself like someone else reads them. Saying things like you're the best system developer, best pairs trader, the first person to do portfolio testing, etc... geeze... if you're trying to provoke a reaction then you can accomplish that. You're lucky you're in the backwoods where your clients don't have a lot of choices because if you were in the Big Leagues you would be a joke.
And your obsession with the S&P adds/drops is amazing. What a petty closed minded little person (in the figurative sense) you are Beau! One trade... that is still open and within 2 standard deviations of the mean expectation for the system. That's the definition of no big deal... and I specifically told you that 10% of capital in each position was WAY too much, remember? Oh, and your math on the APR (lol) is wrong... your annualization factor is wrong and your prices are not even close. Wipe the cheetos off your pudgy little fingers (http://www.facebook.com/bwolinsky1984) and dig up that CFA book you should have studied harder (btw it's not that I don't respect the curriculum... it's that I don't think it's relevant to trading... it's good for people who are going to spend their careers in short sleeve shirts and ties sitting in a cubical working for someone else.)
Long after you have tired of being the joke you are on the internet, and when you discover 5 years down the road your systems won't work like you think they do... I'll still be doing what I do. Have a nice day. Good luck with the CFA next time you attempt level 2. Good news is, you can keep trying until you pass.