some of the Market Wizards are taking hits.

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Originally posted by traderkay

you bet he ain't hurting too bad. if you were getting millions per year from seminars and other B.S. that he does, you wouldn't be hurting either. (not to imply that you're hurting currently)
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That's not worth the shame quotient, in my opinion.

If my trading ability ever flew out the window, I'd rather fade into obscurity and be content to sit on my pile, instead of pimping myself out to wannabes as a glorified has been with words of wisdom for sale.
 
Originally posted by MainFramer
May 13th Investor's Business Daily's Investor's Corner section quotes Peter Moon of innerworth.com as saying the some of the Market Wizards profiled by Jack Schwager in 1989 have taken big hits and are no longer trading. No names given. Moon says he noticed that the ones who got hit displayed strong egos in the Schwager interviews.
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This guy Peter Moon... He doesn't have enough balls to name names?? Why does it have to be some kind of a mystery?! I'll tell you why. Cause if we don't know who's blown up, all of those gurus can keep milking the newbies peddling their worthless seminars, etc.!!! But I guess that's just part of the harsh reality of this business, isn't it?
 
There is another prominent investor/trader, who was featured in Market Wizards or New Market Wizards(not sure which) named Richard Driehaus of Driehaus Capital Management, Inc...They run a group of mutual funds and they were down big in 2000-2001...You can check the performance figures yourself...
 
Hence that glorious disclaimer that legally must be posted on all things futures related:

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS

(especially if you get greedy or sloppy or full of yourself)


the parentheses being my suggested addition :D
 
Originally posted by Stockjobber


I thought the trend was your friend. :eek:
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what, you can only have one friend now? :D


p.s. the clear trend of this thread is deteriorating into bad joke oblivion...
 
Isn't Ed Seykota charging 25K for seminars? Isn't LBR doing seminars? Why the hell would you teach your methods and water them down? I guess we have an answer now.
 
Originally posted by liltrdr
Isn't Ed Seykota charging 25K for seminars? Isn't LBR doing seminars? Why the hell would you teach your methods and water them down? I guess we have an answer now.
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yep, i hear thru the grapevine that seykota is struggling too.

he had lunch w/ an acquaintance of mine a year or so ago and mentioned off the cuff that he "only makes real money in bull markets," no doubt the statement of someone who is struggling.

i think that dennis / seykota / turtles represent the "big trend" contingent- the guys who only take end of day signals, pyramid like mad bastards, and go for the long ball every time. That group is no doubt going to be killed in chop n' slop.

BUT, commodity markets are showing signs of breaking out of a long term funk, so in the mega trend followers' defense, they might see the dollars rolling in again before long.
 
<I think that dennis / seykota / turtles represent the "big trend" contingent- the guys who only take end of day signals>

turtles added on or offset their positions intraday too

if they thought the prices levels might hold or continue in the direction of the trend by the end of the day
 
Originally posted by SethArb
<I think that dennis / seykota / turtles represent the "big trend" contingent- the guys who only take end of day signals>

turtles added on or offset their positions intraday too

if they thought the prices levels might hold or continue in the direction of the trend by the end of the day
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Oh sure, I don't claim to have the lowdown on their specifics- only making an observation regarding their general style.

p.s. why the heck did my post come up in italics?
 
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