Jack Schwager launches search for undiscovered trading talent

I am not sure they are selecting on trading style. May be more on returns as well as consistency.
Anyway, his approach is good.
I suppose as many investors have lost money with shops housing 'traditional recruitment routes of traders', they might have decided they just want people who know how to trade - aka make money. So they are widening the nets as wide as possible.

In a way, how ridiculous some investors might feel if they invested serious funds that got lost, and they hear of some traders out there making money ( from the Japanese housewives raking in +$10k/month , to some living off their trading income etc... ). During this time, they have trading shops losing their money.
 
Thanks for sharing, Helmholtz.

NoDoji said:
That would be scalpers and HFTs, and as far as I know neither of those techniques is used by fund managers who have to put millions and billions of dollars to work.
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Doesn't scalpers transact high volume in a liquid market? Surely they may do more than one lot per trade, no?

Let me know when anyone on ET run into liquidity issues scalping the ES.
 
NoDoji said:
That would be scalpers and HFTs, and as far as I know neither of those techniques is used by fund managers who have to put millions and billions of dollars to work.

No, this is a search for the likes of Price Drivers!
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==========I see your points.

HTF managers, HTF charts suggest they did better years ago; but probably still some opportunity;sounds like millions more than billions.

Good for them, they provide liquidity; and i prefer longer-time trends :D Been trying to buy Jack Schwager Hedge fund book, for about 52 weeks ; finally got a good bid,Amazon today,LOL About 50% off;good numbers
 
NoDoji said:
I believe at the very least we'll see the following ET-ers on his list:

MarketSurfer, based on his Price Drivers (an edge so powerful he had to leave ET lest it fall into sinister hands)

Tradingjournals, based on his models (who, astoundingly, can nail minor swing highs and lows less than 5 minutes after they occur)
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Nominate Nod's post for the best post of the year/decade!

In order for Jack to have my agreement, there are certain conditions I have ( such as sharing in book proceeds, the honoring of rights such as the right to comment on his past interviews with others such as George, etc).
 
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