Renaissance keeps making billionaires

[Mtrader]

Hopefully someone can start a thread trying to have reasonable debate about there methods

Impossible on ET with all the bashers. Unless somebody can tell that all people lose, as this is what they want to hear. Just because they are themselves losers. The fact that you are looking for information proofs that you are a loser. I don't need any help or information from anybody. I am profitable so no need to fish or beg for help.

Using an alias like "quant" does not impress me too. In general people who are really succesful are humble and don't use this kind of aliases.

 

[Nighthawk]

No, it is very simple and clear: If I start with $5,000, exactly 12 months later I will have over $55,000 in my account. $5,000 starting capital and $50,000 profits. That is without any discussion 1,000%.

Your example isn't even possible as I close every day my positions as daytrader. I also don't trade stocks, just futures.
I also don't get it how you can get a 1000% return out of your example.

I repeated your strategy several times during my trading career of 26+ years. I bankrupted 5 times, became 5 times millionaire and I am working on my first $100 Million ever!

After you get to the $10 Million figure, futures/options/FX markets behave like a perpetuum mobile CASH MACHINE!

Good luck + Good Trading

Nighthawk

 

[southall]

If a post a big account it is impossible according to the bashers, and if the account is small it is not good too.

$25K or $50K are not big starting accounts.

You are claiming 1000% returns with max 17% drawdown and average drawdown length of less than 24 hours.

Any real trader knows what you are saying is complete bullshit.

 

[Xela]

Bashers are so focused on attacking other people and so frustrated that they post a lot of things that come from their own fantasy world.

No wonder that most posters who can provide some valid information don't post on ET anymore. Or at least don't share anything anymore.

I'm afraid this is right. Even more sadly and surprisingly, the "Powers That Be" appear not to want to do anything about it, even to the point of not really wanting to discuss it at all, when people bring it to their attention and suggest relatively simple methods of changing it which have been proven to work successfully elsewhere.

 

[lovethetrade]

No wonder that most posters who can provide some valid information don't post on ET anymore. Or at least don't share anything anymore.

This is a bit hypocritical. If I recall correctly, when I asked "Trading Education Buyer" a question to get him to think about an idea, you butted in because you interpreted it as me seeking information and said "You have to do the 10,000 hours like the rest of us" or something along those lines and Xela liked your post.

Now you're saying everyone should be socialist traders and divulge all their hard-earned intellectual property for free...

 

[Xela]

Now you're saying everyone should be socialist traders and divulge all their hard-earned intellectual property for free...

You must be more observant (or perhaps quicker to "interpret") than I: I saw nobody say that. I didn't even see anyone say anything like that.

 

[lovethetrade]

You must be more observant (or perhaps quicker to "interpret") than I: I saw nobody say that. I didn't even see anyone say anything like that.

OK, he is implying it. Is that better?

 

[Xela]

OK, he is implying it. Is that better?

It's neither "better" nor "worse": it's just your own interpretation (but certainly not mine).

 

[lovethetrade]

It's neither "better" nor "worse": it's just your own interpretation (but certainly not mine).

So with this statement, he's not implying a preference for traders to share information that isn't common knowledge?

No wonder that most posters who can provide some valid information don't post on ET anymore. Or at least don't share anything anymore.

 

[RedDuke]

As far as Rentech goes, they are top notch and seem to have very robust models.

Hopefully someone can start a thread trying to have reasonable debate about there methods (given the Jim Simmons has actually made some generic claims about what they do).

The hire lots of signal processing people.

Start the thread, and let's contribute to it. There was an internal employee dispute few years ago, and that lead to come things being reveled. The one thing that stroke me was that their average position holding period back then was 15 min.