Niederhoffer thinks "follow the trend" sucks

marketsurfer · Jun 25, 2015

romik said:
I get all that. What's the difference between going countertrend and re-joining a trend after a pullback? Let's not solely point to intraday price oscillations or did VN specifically suggest that trend intraday trading sucks?

Our testing ( not VNs) was short term based. Under 2 week hold times in equities and index futures.

surf

monoid · Jun 25, 2015

marketsurfer said:
You have fallen for a market myth.

The old apple and oranges argument. Wind has nothing to do with prices. Are you saying that buying into upward trending prices improves the likelihood that price will continue higher after you enter?

If so, are you able to quantify this claim? If not, why not.

@marketsurfer: Answer the question and don't dodge it. You always try to change the argument when presented. Focus!
Again the question is: Which one of the scenarios (only two is given) makes more sense to you?

-Monoid.

romik · Jun 25, 2015

Rejoining a macro trend after a pullback is also countertrend against a pullback.

marketsurfer · Jun 25, 2015

monoid said:
@marketsurfer: Answer the question and don't dodge it. You always try to change the argument when presented. Focus!
Again the question is: Which one of the scenarios (only two is given) makes more sense to you?

-Monoid.

neither since the question is poorly phrased and designed as a trap.

here's a similar question for you "have you stopped kicking your dog" ? Is it yes or no?

surf

monoid · Jun 25, 2015

marketsurfer said:
neither since the question is poorly phrased and designed as a trap.

here's a similar question for you "have you stopped kicking your dog" ? Is it yes or no?

surf

Again a dodge. Shame on you Surf. No one can reason with you with this kind of attitude. Thank you for your time.

Regards,
Monoid.

debitspread · Jun 25, 2015

monoid said:
No one can reason with you with this kind of attitude.

So you've been saying, for 20 pages.. but yet you keep posting..

monoid · Jun 25, 2015

debitspread said:
So you've been saying, for 20 pages.. but yet you keep posting..

Really dense, right? I know! Thank you for reading, though!

i am nobody · Jun 25, 2015

monoid said:
Give it some thought and respond.

That's impossible with him. He will post BS again.

monoid · Jun 25, 2015

i am nobody said:
That's impossible with him. He will post BS again.

... and he has already proven you right!

i am nobody · Jun 25, 2015

monoid said:
Again a dodge. Shame on you Surf. No one can reason with you with this kind of attitude. Thank you for your time.

Regards,
Monoid.

That happens over and over again. If he gets in trouble he always finds a way out. But mostly an irrelevant way, not to say a stupid one.

He has no clue about trading and tries to impress people with connections to famous people he knows, very complex studies they did, using very difficult words.... He should write now the Bible of trading.

I know two men who are in prison now, they knew also famous traders, could use these so called relations to find people who wanted to invest. They lost all. But these men had also always an explanation for everything. Mostly a stupid explanation. Impress people and then try to take advantage of them...

If we would delete all the postings of MS it would take ET to a higher level. Because we would have serious discussions. Intellectually honest discussions are impossible with him.