How was ltcm a victim of groupthink?
Or is that your lone wolf opinion?
The best traders in ET
- Thread starter GloriaBrown
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How was ltcm a victim of groupthink?
Or is that your lone wolf opinion?
Didn't they only have one primary theory that failed? Groupthink I also don't see the analogy to LTCM. Basically no default risk in a model can be assumed unless it's you who defaults. Russia still should pay for those and subsequent international financial incidents that would be worse than all the reparations Germany still owes and will launder through bitcoin. I'm sure they'll follow through on that, too, even if Nazi nationalism is still tolerated.
Not even close. Not even in the same galaxy, at least as it relates to pure profit.
There are two traders [that I know of] that came to ET that no one knew who they were [I knew]. They mostly made fun of the place and sounded like idiots. But they made $100,000 a day [with monster days of $1M+] consistantly for many years. Not once did they discuss their methodology.
I think people should differentiate traders that are also good teachers, from purely the best traders. In fact, it might not do you any good to trade like the best traders because there are so many intagibles in trading that trying to trade like someone else is a dangerous course of action. It doesn't mean you can't learn some useful ideas from these people, but in the end we are not just trading the markets, but we are trading our own limitations as well.
Just out of curiosity could you name the two traders?
Best Regards
I don't want to be nasty with the big dicks around here, but if I had $10 million to $25 million, I would pull down a half a billion per year, and that's not my situation.
So whatever we're debating here, beat that. It can't be done for much less at that size, and I'm not saying it's certain at all, but that appears to be what the results would be for what I've done so far at max lot size in NASDAQ E-mini.
So whatever we're debating here, beat that. It can't be done for much less at that size, and I'm not saying it's certain at all, but that appears to be what the results would be for what I've done so far at max lot size in NASDAQ E-mini.
That's certainly respectable, but not quite the 3x daily range the Southwestern Sage pulls in...
If they wanted it known to stroke their own ego, they would have made it known. Funny because instead they enjoyed their wealth by driving gorgeous cars, dating stunning women, owning amazing living spaces all over the world. I guess being stroked on ET didn't cut it. Just imagine.
In fact, they never even came close to letting it known because of all the groupies that would follow, and all the endless questions. Just look at this thread and all the millions of like it in the past. It is non of my business really. But it shows what top traders make and it makes this thread complete, so that people can see what [was] possible.
They are both famous in Chicago. If you really care, just do a search in Chicago Crains. It won't tell you who they were on ET though, but there is nothing to see there anyway.