Schindler Trading up 17% YTD

[Bsulli]

The was an excellent interview with him in the back of Futures magazine. If it wasn't Futures it was SFO can't exactly remember which. He explain his methods what gets him in trouble and how he goes about making changes. He does have a pedigree of training with major market firms so he has seen the good and the bad and keeps on ticking. The one thing I take away from the historical data is after very large drawdowns whether they occur quickly or over several months the three or four months after the drawdowns usually have a good percentage run. If I remember correctly he uses reversion trading across many markets and so the recovery most times. Oil bit him in the butt this time. Getting in after major draws come be profitable most years. Just stay away from being in the fund during March. lol Only one winning March during the life of the fund.

Either way he is a registered CTA and doesn't mince words when he screws up. Takes his hits and immediately fesses up to them. Wish his risk management was a little better. Seems to let some positions represent to much of the fund.

fwiw
Bsulli

 

[Bsulli]

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[stupididiot]

Quote from stonedinvestor:

Not so fast sparky I have spent $1.2 million in stock earnings in that time on food, clothes and drugs... and still have $1.7 million more in stocks at the ready (for more drugs)

 

[bsparkyman]

Just trying to understand your math and returns exceeding a risk free rate of return or a correlated index. And the distribution of your returns over that timeframe and trades as well. I am surprised that's all you have after having a 10,000% gain on one trade. A $100 investment would account for 1/3 of your gains if I read you right.

I am not advocating buying funds or trading but trying to understand your actual returns based on your initial $200,000.

Quote from stonedinvestor:

Not so fast sparky I ALSO put myself through Boston University (with a little help from the veterans administration) & lived 20 years without a job. That's a whole lot of spending. What s@p fund can do that. Lets go back six years shall we. Your s@p fund is flat. I have spent $1.2 million in stock earnings in that time on food, clothes and drugs... and still have $1.7 million more in stocks at the ready.

Do the math. I need constant access to my cash to live the way I do and I learned after my first three years investing never to buy a mutual fund again and I haven't. And I won't. ~ SI

 

[bsparkyman]

After closer examination I see stoney has say in over $9,000,000 in straight stocks. Ok, so you put $1,000 in that 10,000% gainer. Someone has to win the lottery.

I still don't see how this makes you nothing more than lucky and in no position to judge other's returns much less understand them.

Quote from stonedinvestor:

Well done Surf- I hope you consider me a friend. I shall tune in and see what you are all about.

Now as to This Schindler let's just stop congratulating a guy for losing money long enough to realize this is FUTURES trading!

Enough said. Hey I earned 10,000% on one trade track that vs S&P regular stocks why don't you? How asinine! What a mockery of the system. Schindlers list web site is rift with problems there is a password section how do you get a password? are they for free? The speculative futures trading is recommended for people with $200,000 in their accounts-- they should give $20K of that over to Schindler's list. Most serious folks have at least a $1 million barrier to entry and quite a few are up at $2 mil to surf for dollars among the middle class offering therm entrance into the shadowy world of futures.... well, it sounds like a good idea it's ripe pickings- for them.

But this Schindler web site is just a forward button away to the SEC from being ripped down. Can Schindler pick stocks? That is my test. I think I'm probably better off with the Surf in that regard who I will try and locate later in the day in cyberspace.

Try and keep in mind that in some way or another stoney has say in over 9 million dollars worth of straight stocks, that I turned $200,000 into $1.7 million over twenty years while living in the big city and I did that without ever using an option a futures contract or shorting. Now in my middle age, of course, all these sexy alternatives are intriguing and I think about them more and more each day but in the big picture this Schindler character is dangerous for the little guy. And as proven my this most recent blow up- decidedly not for the faint of heart. Now on to examining The Surf! ~ stoney

 

[FanOfFridays]

Quote from stonedinvestor:

But this Schindler web site is just a forward button away to the SEC from being ripped down.

Whoops.... looks like STON is dropping like a rock.

 

[stonedinvestor]

Oh my god I'm the one stoned! I rarely ever get in a spitting match about such stupid things as idol worship but in your case for whatever reason I'm making an exception. I never said I made 10,000 % on a trade I was mocking comparing a futures kill to nailing a good stock pick, as dear Schindler does on his web site. You know what a lot of folks are defending this cat and he has had experience in the industry... so god bless maybe he is a straight shooter and if that is the case we need more of them. I don't want to be the anti- Schindler poster! I'm always talking in more general terms, I've seen a lot go on in my day...

I was going through my own math and I realize I should clarify that my living expenses have only been this elevated since I have been married! And for a great many years I lived on $50K a year. If I can live my life and put $100K in the bank I feel it's been a great year. I'm not competitive and lack killer instinct. Year after year I've done that, after year after year sometimes $140K sometimes $110K. All my research, my picks. Distressingly, in some of the easier years I had some of my more modest returns; I seem to do well when stock picking really counts.~ stoney

 

[RL8093]

Quote from gurucandidate:
I love this thread, so typical of ET.

The experienced types - who probably appreciate the intricacies of running a trading business - are congratulating and the people who don't seem to have a clue are flaming it.

Quote from Rearden Metal:
Threads like this one separate the envious losers from the real traders for all to see. Losers will bash, and winners will always compliment or keep quiet.

I'm not too sure that "winners will always compliment or keep quiet" but this thread has sure shown a real bifurcation between the wannabe but can't do it losers and the been there, found a way to be successful winners. Interesting dichotomy which correlates quite well w/ conclusions drawn from other threads...

R

 

[stock_trad3r]

17% YTD returns is pretty bad when the QQQQ is up even more. Nothing worth congratulating.

 

[GTS]

Quote from stock_trad3r:

17% YTD returns is pretty bad when the QQQQ is up even more. Nothing worth congratulating.

You never cease to amaze me with your stupid comments. Do you even understand the concept of uncorrelated returns?


BTW, how did QQQQ's do in 2002? The Schindler fund was up 96%.