Maverick74 and marketsurfer's TopstepTrader Combine (daily trade reports and journal)

[austinp]

Quote from eagle11:

I disagree.
Traders who know how to trade bounded markets will succeed over the time.

ht

eagle 11

no, what they do is succeed for awhile, then blow out in spectacular fashion when they try to find the turn in that inevitable huge directional move

only a matter of when, not if... and those who martingale = add to losers die the fastest fiscal deaths of all

 

[Maverick74]

Quote from austinp:

no, what they do is succeed for awhile, then blow out in spectacular fashion when they try to find the turn in that inevitable huge directional move

only a matter of when, not if... and those who martingale = add to losers die the fastest fiscal deaths of all

This is what happened to a lot of the fixed income shops here in Chicago. Almost all of them were trading mean reversion on the yield curve and they got blown out. Worked for many years. The FED certainly didn't help matters by buying up all the cash paper out there. I heard Mr. Gross played a big part in that as well.

 

[eagle11]

Quote from austinp:

no, what they do is succeed for awhile, then blow out in spectacular fashion when they try to find the turn in that inevitable huge directional move

only a matter of when, not if... and those who martingale = add to losers die the fastest fiscal deaths of all

Traders who make money in tight range know how to trade the directional move, that´s it.... think about it

ht

eagle 11

 

[marketsurfer]

Quote from Maverick74:

Surf, how soon is your article going to be posted?

I'm shopping it around now to the big outlets like WSJ -- if I don't get interest I'll move downward, finally I'll self publish worst case. Surf

 

[Maverick74]

Quote from marketsurfer:

I'm shopping it around now to the big outlets like WSJ -- if I don't get interest I'll move downward, finally I'll self publish worst case. Surf

I bet FT will publish it.

 

[marketsurfer]

Quote from Maverick74:

I bet FT will publish it.

yeah, i am pretty happy with it--- hopefully they "get" my points.....

Looking forward to seeing Rolfe and his friend on Sunday--- should be fun.

 

[Maverick74]

Quote from marketsurfer:

yeah, i am pretty happy with it--- hopefully they "get" my points.....

Looking forward to seeing Rolfe and his friend on Sunday--- should be fun.

Take lots of pictures!

 

[marketsurfer]

Quote from rallymode:

So this silly paper combine that if passed can be revoked at will or even never funded per "the discretion of the investor" is now somehow analogous to a hedge fund deal? You have gone off the reservation surf. I am anxiously waiting to see 1 person who gets funded and keeps the funding for a few months. The entertainment value of this thread keeps going up.

well, the way things are now in the fund biz, fast money who refuses to a lock up, and if you don't agree the 10m goes elsewhere- and no managemt fees----leaves all but the most established managers in precarious positions---

but anyway, has anyone from elite passed the Combine yet? surf

 

[rallymode]

Quote from marketsurfer:

well, the way things are now in the fund biz, fast money who refuses to a lock up, and if you don't agree the 10m goes elsewhere- and no managemt fees----leaves all but the most established managers in precarious positions---

but anyway, has anyone from elite passed the Combine yet? surf

I asked you a question and you give me an update on the current hedge fund environment?

A few pages back you argued that a guy swinging CL off chart studies is nothing like the well capitalized traders who spread instruments or use structural edges i.e. hedge funds and now you are using the same premise to support the opposite argument? You have writing skills but let's apply some logic shall we.

 

[austinp]

Quote from eagle11:

Traders who make money in tight range know how to trade the directional move, that´s it.... think about it

show me one... and I certainly don't mean some inane market calls thread here in ET. That's less than worthless. I'm talking about visual proof of a mean-reversion futures trader.

All that I've ever seen do real well for awhile, until one fine day when an extended trend period sets in and they eventually wage war in losing fashion. Game over.