Paul Tudor Jones

We did not discuss exactly how small because although this guy did discuss very short term trading ideas, I could tell he did not want to get into that sort of detail. There was sort of a hard line right when we got to strategies. I asked a few questions and his answers were sort of yes no... and then I dropped it. I am sure this guy was respecting contractual promises.

This guy was a former physicist turned science trader. he was brought in to juice the returns of a well known fund.

I know at least some of this is not b.s. because a few years later he started his own fund and I know something about the formation of that fund. And at that time I know what type of strategies were going to be deploy. (I really can not go into more detail than that.)
 
Quote from jem:

We did not discuss exactly how small because although this guy did discuss very short term trading ideas, I could tell he did not want to get into that sort of detail...
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Okay, thanks. I was just curious to know on roughly how short a time frame he/they generated their setups. Holding times obviously vary depending on how a trade plays out, so I'm more interested in the signal generating part as it relates to market entries. I wanted to see how it compares to my own view of things.
 
I think this is right. Just like many fund managers who buy risk management systems more for show than for use. Rich investors want non-volatile returns which is what drove them to Madoff.

By the way, I hope you guys know I was fooling around on that other stuff. I do have the tape, though. :D


Quote from jem:

What I saw was a guy who lost big on the filming day. And then had the crew come back on a big up day.

I saw a guy have trouble getting filled on a currency trade but had he announcer say he still made 100,000.

What I saw was a trader who trades and has a tremendous track record.

In my opinion Tudor did not want that tape out because it does not convey the image hedge funds like to project.

Tudor looked like a trader making money because of his gut, experience and instinct.

Funds like to pretend they have quantified repeatable edge.

Now, I can't speak to most funds, but I can speak about 3 or 4 funds. (two of them fairly prominent.)

Those funds made money based on experience, market reading and very short term T/A and I suspect vol pumping.

Yet they projected a far different image. The media image was physicists and marketing beating science. The reality was experience and technicals.

The reason the PTJ video is interesting (and perhaps dated) is because it shows a trader with a chart.
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Quote from indexer:

...By the way, I hope you guys know I was fooling around on that other stuff. I do have the tape, though. :D
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You mean like this guy?
Quote from marketsurfer:

Indexer speaks truth. no one is going to post the actual unedited tape. too much at stake.

surf
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:D
 
My man Surf is always selling something.......PTJ videos, hand held quotreks, Surf caps and shirts, bad trades.

Someone needs to tell him about EBAY.
 
PTJ Intight with ms to drive up prices. Just a market test so far. Covel and sykes are involved too. Sykes Covel surfer. All part of plan. Ask dealbreaker
 
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