Niederhoffer still on top !

[ktm]

He's still selling puts. Looking at his record since 02, his down months coincide with rapid drawdowns in the market. I'm sure he has adjusted his strategy to prevent another blowup, but there's only so much one can do.

I write spreads and have exposure as well, as do all option writers to some extent. If the market is gonna crash fast, it's gonna take many more with them. It's going to take the stock owners and the arb guys too. Those guys who like to sport the 12-15% per year returns with no drawdowns may go out just like Neiderhoffer and the rest of us, because a few hundred point move is going to turn their far OTM $1 options into something ugly. I agree with Vic as far as playing the game the way he does. If you are going to be dealing in option writing, you need to be giving your clients 40% a year for the risk they are taking.

 

[Free Thinker]

Quote from marketsurfer:

suffice to say, VN port is nicely structured with the ability to earn outsized gains combined with sensible risk measures.

best,

surfer

thanks for a non answer.

 

[Thunderdog]

Quote from marketsurfer:

suffice to say, VN port is nicely structured with the ability to earn outsized gains combined with sensible risk measures.

best,

surfer

How's that for a meaningful response, vhehn. Any more questions?

(On the plus side, it sounds so much more impressive than, "I have no idea, but he's my hero and he even lets me talk to him from time to time.")

Surfer, you are such toady. Does Larry Williams know you are two-timing him?

 

[Free Thinker]

Quote from Thunderdog:

How's that for a meaningful response, vhehn. Any more questions?

i would like to know if he is still mostly selling puts. if he is doing 50% selling puts he must be using huge leverage because one of the best option sellers ever is not doing anywhere near that good. http://www.ansbacherusa.com/perform_ansbacher.htm
ansbacher only did 11% last years so something doesnt add up.

 

[jim c]

i know a couple of locals who semi retired off of VNs blow up at the merc. he sorrta got screwed. i mean he put himself in the position but when his clearing firm came to cover his positions for him lets just say the locals didnt let him out easy. one local made 3mil that day alone.i dont know what ever happened in the lawsuit. it was quite a mess. jim

 

[Thunderdog]

Quote from vhehn:

i would like to know if he is still mostly selling puts. if he is doing 50% selling puts he must be using huge leverage because one of the best option sellers ever is not doing anywhere near that good. http://www.ansbacherusa.com/perform_ansbacher.htm
ansbacher only did 11% last years so something doesnt add up.

I understand. But surely you know by now that surfer limits his cognition to luxuriating in Vic's presence. And Larry's. Not that Larry is in Vic's league (or any other league for that matter), but it gives you an idea of surf's measure. I don't think that surf's posts about either of these guys leave much doubt.

 

[marketsurfer]

Quote from Thunderdog:



Surfer, you are such toady........

your ignorance in this matter is obvious. may i request you refrain from speaking of things you know nothing about. Perhaps a visit to the local library would cheer you up. LOL !

thank you,

surfer

 

[Thunderdog]

Quote from marketsurfer:

your ignorance is obvious. may i request you refrain from speaking of things you know nothing about.

thank you,

surfer

Then I would respectfully request that you do the same.

From time to time, you have spouted Neiderhoffer's various statistical conclusions about the markets in a manner that made it very clear you did not know what you were talking about. (I made this amply clear in my response posts in the relevant threads.)

More recently, you have demonstrated your shameless intellectual dishonesty in a Larry Williams thread:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1008359#post1008359

It was not the first time. I doubt it will be the last time. It was merely the most recent time.

You are a sycophant.

 

[Vince1]

Quote from vhehn:

its impressive returns. do you know what type of strategy he is using now?

His daily trading has always been based on testable patterns (down Friday/down Monday stuff) with a focus on intermarket relationships.

Because the field became crowded a long time ago and markets change (aka the law of ever-changing cycles) he is constantly looking for new testable ideas, searching inspiration in applied statistics, science, sports, etc.

Sometimes disconcerting at first glance, some of his ideas are quite stimulating e.g. Education. chap. 10 Deception and Charts (Concealing Coloration)++

 

[marketsurfer]

dog,

for someone who spends much time in libraries, your ability to read accurately between the lines is lacking. you are seriously misled in your conclusions and frivolous allegations. ad homieum attacks will get you nowhere. stick to the topic please.

surfer