Niederhoffer thinks "follow the trend" sucks

Why are some so invested in defending a guy, no matter how high an IQ, has plainly had two major ego-driven blowups of his own doing. Has he changed - maybe.

Meanwhile his younger brother left him and formed his own firm, open since 1993.
 
SunTrader said:
Victor is smarter than the crowd.

Just ask him. He'll tell you.

If you waste your time listening.
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That's an interesting point of view-- spawned in ignorance, i am sure--- if you don't "get it" that's ok--- you might one day.

Why not ask the multiple billion dollar hedgies who credit him with their success? Or the countless others who have greatly benefitted from his acquaintance and knowledge?

The evidence is overwhelmingly against your point of view.

surf
 
marketsurfer said:
That's an interesting point of view-- spawned in ignorance, i am sure--- if you don't "get it" that's ok--- you might one day.

Why not ask the multiple billion dollar hedgies who credit him with their success? Or the countless others who have greatly benefitted from his acquaintance and knowledge?

The evidence is overwhelmingly against your point of view.

surf
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And the other multiple billion dollar hedgies that are laughing behind his back.

Has Tudor Jones or Soros or SAC or Druckenmiller or Rogers blown up not once but twice - or now that you mention it Monroe Trout, Tony Crabel, etc? Bueller anyone?

It's ok if you don't "get it".
 
SunTrader said:
And the other multiple billion dollar hedgies that are laughing behind his back.

Has Tudor Jones or Soros or SAC or Druckenmiller or Rogers blown up not once but twice - or now that you mention it Monroe Trout, Tony Crabel, etc? Bueller anyone?

It's ok if you don't "get it".
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That's ok. All Succesful mavericks have their detractors.


Good list of names. 2 out of the 7 you list credit VN with their success.

VN is a tiny minnow compared to tudor or the others-- -- no comparison.

Surf
 
SunTrader said:
Why are some so invested in defending a guy, no matter how high an IQ, has plainly had two major ego-driven blowups of his own doing. Has he changed - maybe.

Meanwhile his younger brother left him and formed his own firm, open since 1993.
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Roy credits vic with his success. Why do you think that is??
 
globalarbtrader said:
Like I said, I'm a trend follower through and through, but personally given a choice between:

- being a great dad, a loving family man, a person who was at peace with their god*, and having enough money to support your family comfortably but not extravangently and give money to charity.

and

- being an extremely successful hedge fund manger with a few hundred million, or a few billion, bucks.

I'd choose the former.

GAT

* BTW I thought Vic was jewish. Not that precise place of worship is relevant - same god ultimately.
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People think to much in black and white, while life is in most cases grey.
In life you should not make choices between "or this or that". I try to take "and this and that" because most of the time it is possible to achieve that. Just a matter to drop "some of this and some of that" and find a sound balance.
 
MrN said:
Your second statement qualifies as calculating expected value for a discretionary trader.
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Although my system is purely mathematical my entries and exits are not based on prices. What I mean is that if I get asignal to enter or exit, I act, no matter where the price is at that moment. Price at that moment is irrelevant.

MrN said:
For example if the market is down and closes low it does not tell you, "the trend is down, I should be short" or whatever. In fact in indexes it on averages tells you just the opposite.
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That's why I don't trade on prices. But the biggest problem is that humans have to adapt (read change their genetically programmed) behavour and react in a different way. The automatic reaction with which we are born is counterproductive for traders.
 
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