Niederhoffer's year end contest! ($2500 prize for 3 best 2011 trading ideas)

Thoreau777,

I did not respond to the snide remarks because I have noticed that responding seems to only contributes to the thread-clutter/troll poop.

The thread's purpose was to draw attention to the unique and interesting contest that Mr. Niederhoffer generously created, that is all.

Mr. Thoreau, will you be contributing ideas to the contest?





Quote from thoreau777:

I am not keen to respond to this thread because I detect a scintilla of derision. Victor Niederhoffer is a good friend of mine, and he periodically holds such contests simply as a means of fostering cohesion, alacrity, and good humor. Although, I may add, this contest holds within all the integrity of an ATM's anti-counterfeiting software. $2500.00 to Victor is like one penny to the rest of us, and he presents this as a mere token to generate discussion, nothing else. His own trading mind has more ideas than the myriads of stars in the Milky Way Galaxy. His gains are into the multi-millions every trading quarter, and his trading plan is bulletproof. Please refrain from vituperative comments. The Chairman is not to be mocked...
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Quote from kinggyppo:

hey genius when and under what terms is the fucking payoff!!
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Kinggyppo,

This is not Mr. Niederhoffer's first contest.

In fact, I won one of Mr. Niederhoffer's contests years ago for a submission I wrote in to his site. I received a personal check in the mail from him shortly after he declared a winner.

My guess is that the winner of the current contest will have an experience similar to past winners (see above).
 
Quote from 1prometheus:


Mr. Thoreau, will you be contributing ideas to the contest?
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Obviously not, because Victor himself is not allowed to participate.

Vic, I mean Thoreau, you should run it monthly, because by March everyone will forget the entries and one year is just way too long to have any meaningful fun or education out of it.

But my entry would be: Buy any dip....
 
If indeed Thoreau is Mr. Niederhoffer (Rather than one of his associates?) He has already contributed his ideas. See the third, fourth, and fifth paragraphs of his post on the contest.

...And you would buy any dip in what? How do you define a dip? Any rules for re-assessment or taking profits?




Quote from Pekelo:

Obviously not, because Victor himself is not allowed to participate.

Vic, I mean Thoreau, you should run it monthly, because by March everyone will forget the entries and one year is just way too long to have any meaningful fun or education out of it.

But my entry would be: Buy any dip....
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Quote from thoreau777:

$2500.00 to Victor is like one penny to the rest of us
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Unfortunately, that's true. In today's world, HF managing losers are making more in management fees than honest and skilled locals/ independent traders in trading profits.
 
Quote from TraDaToR:

Unfortunately, that's true. In today's world, HF managing losers are making more in management fees than honest and skilled locals/ independent traders in trading profits.
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You got that right!
+25
 
I would prefer him to give away 4000$ silently, without comparing himself to Mozart. He can give away everything he wants, but until he recovers all the investors money he lost, he should just shut the F*** up and thank the Hedge Fund God every day they are not regulated better.
 
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