Schindler Trading up 17% YTD

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Quote from atticus:

I don't see a logical progression, as Trout never sold puts, afaik. If so, it abrogates common sense?
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Don't get it either. The last few years, AS published articles and news about lowering risk.

Then he gets hammered by selling puts? Seems like selling index puts (and I used to do plenty of 'em) without much leverage is the key to sub-standard returns. And with leverage it's the key to blowouts.

:(
 
Quote from JayS:

He was stopped out of a short put position for a large loss the morning of MLK Day when Societe Generale was dumping their futures position.

The Schindler Fund is no longer being offered and they are no longer publishing results. He will be offering a new program in the future.
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Thank you for this Jay, I'm hoping this is erroneous but you seem like a reputable poster.

If it is true, it is amazing. I was an investor back late last year when we had the 30+% down month. I immediately left the fund since it seemed to me that risk management was lacking for this to happen with ONE position.

I would be flabbergasted if he let the same thing happen twice in 3 months.

Hopefully, this isn't true, since I like Aaron and what he was doing.
 
Aaron works for me now. We are starting him off slow- why push it? Laundry and general clean up, coffee runs, faxes downstairs. Later on this kid is going to be making trips all over town for me, good kid, hell of a scrubber. ~ stoney
 
Quote from BlindLemonBoosh:

5 year performance (2003-2007, CAR):
DJ Wilshire 5000: 12.2%
Schindler Trading: 5.3%

Schindler takes on a LOT more risk than a total market index fund, as evidenced by his recent large drawdown. The results above haven't been remotely acceptable for this level of risk. His bear market results in 2001 & 2002 were quite a bit better, but were achieved in a markedly different market environment. Aaron would do well to add diversifying strategies to his arsenal.
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I got a bit of heat for this post on 1/13. Does anyone want to dispute my conclusion now? As I saw it, Aaron's fund would be occasionally susceptible to black swan occurances because he leveraged single positions at times, rather than spreading out assets into non-correlated strategies. It seems that it may have caught up to him here. It's a shame, because he exuded class on ET - something that seems to be in short supply at times.
 
Quote from JayS:

He was stopped out of a short put position for a large loss the morning of MLK Day when Societe Generale was dumping their futures position.

The Schindler Fund is no longer being offered and they are no longer publishing results. He will be offering a new program in the future.
More...
Thanks for the news, investors should not be kept in the dark with something likes this.
 
Quote from nkhoi:

Thanks for the news, investors should not be kept in the dark with something likes this.
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If you invested in the fund and had money there, you would certainly know I assume the information. The rest of us outsiders really have no right to know if AS or another investor does not want to tell us.
 
Quote from optioncoach:

If you invested in the fund and had money there, you would certainly know I assume the information. The rest of us outsiders really have no right to know if AS or another investor does not want to tell us.
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He sends me his fund performance monthly since I was interested in investing in his fund. Since I think people still want to know about something about his track records, I deleted the word 'potential' as in potential investor as I was in process of evaluating his fund.
 
I hope Aaron will have time to come by here and tell us exactly what went wrong. I'm sure there is a lesson there for all traders.

Unless there are legal reasons why he can't comment, I bet he stops by and lays this to rest. He seems like a standup guy. :cool:
 
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