The Implications Of Schindler and VN

[Pa(b)st Prime]

Quote from optioncoach:

and that proves....

Plenty of people making and losing money using technical indicators, fundamental analysis, astrology, black box systems..

These are just tools. Who does or does not blow up says nothing of the tools but the person using it. I am giving you logical statements and you are giving me random example as they establish a proof. People have drawdowns, funds blow up. If risk management was adhered to, drawdowns would just be that, drawdowns, not blow outs.

What any individual does or does not do is not proof of a generalization. Mark Fischer did very well trading using technical indicators. Does it mean anything for you and me? Sadly nothing at all.

Mark Fischer made his dough getting fat edge in the Silver pit.

You're missing the point here. A series of draw downs is a blowup. Obviously Vic and Aaron said better to blow all at once with the chance of high frequency profits than death by a thousand cuts. If I use a negative expectancy discipline no matter what my risk, I lose. Forget magnitudes.

 

[DataCruncher]

not to get off-topic here but does anybody have details on Ed Seykota's system? I mean I know he uses trend-following but that is a pretty vague term.

 

[dtrader98]

Quote from optioncoach:

What would Isaac Newton trade anyway in the 1690's?

I heard tulips were pretty popular just before he was born.

I can calculate the motion of heavenly bodies, but not the madness of people.” Isaac Newton

The specialists only gave out level 1 back then, and for some reason, in all his genius, he just couldn't figure out why he always seemed to be wrong on his erudite calculations.

Here we are centuries later -- and for some odd reason, the house still wins 99% of the time. I guess all those GS
execs are just too intelligent for the world's Newtons, eh?

 

[El OchoCinco]

Quote from Pa(b)st Prime:

Mark Fischer made his dough getting fat edge in the Silver pit.

You're missing the point here. A series of draw downs is a blowup. Obviously Vic and Aaron said better to blow all at once with the chance of high frequency profits than death by a thousand cuts. If I use a negative expectancy discipline no matter what my risk, I lose. Forget magnitudes.

Your question was the significance of VN and Aaron and the answer is nothing with respct to the markets and "systems" overall.

A series of drawdowns is not a blow up. A drawdown is a reduction in account equity from a trade or series of trades. Everyone has drawdowns cause no one is 100%.

You must mean a specific size or type of drawdown because any loss is a drawdown. I do not know of any long-term investor who has not had drawdowns, but that does not mean they blew up and closed up shop.

 

[DisciplinedHedg]

Did the January volatility take him out?

What exactly happened?

 

[jazzsax]

Quote from madder323:

Hi all,

Im a Schindler investor who got caught up in the hype and I decided to invest $100,000 of my retirement money into the fund.

I have received a letter from Aaron stating that I could either receive $10,000 back or I could roll the money into the new offering.

Aaron seemed like a nice guy when I read the threads. He seemed credible, but this is simply insane. I needed that money for retirement and trusted him.

Is there anyway I can get the money back?

I guess you didn't read the recommendations on his site? Probably your own fault then...

http://www.schindlertrading.com/index.php?page=diversification

"We recommend investing no more than 5% to 10% of your portfolio with Schindler Trading to take advantage of the diversification benefits without overly exposing your portfolio to the volatility of the Schindler Trading program. With a minimum investment of $20,000, a little math shows that an investment with Schindler Trading is only appropriate for investors with an investment portfolio of $200,000 or more."

You probably received a prospectus or agreement outlining the risks. Unless you can prove HUGE gross negligence, you're probably out of luck.

If you *needed* that 100K for retirement, why didn't you put it in something safer?

 

[Maverick74]

Quote from madder323:

Hi all,

Im a Schindler investor who got caught up in the hype and I decided to invest $100,000 of my retirement money into the fund.

I have received a letter from Aaron stating that I could either receive $10,000 back or I could roll the money into the new offering.

Aaron seemed like a nice guy when I read the threads. He seemed credible, but this is simply insane. I needed that money for retirement and trusted him.

Is there anyway I can get the money back?

This statement is 100% false. I can't believe this message board. Who wants to bet me that Jreynolds created a new alias just to post this.

Whoever you are, you do know that this statement is libelous right and you can be taken to court? If Aaron was a jerk, which he is not, he could get a lawyer to suponea Baron to give up your identity and serve you with court papers. I just want to make sure you are aware of that.

 

[Maverick74]

Quote from madder323:

I just lost 90k. Why are you being so insensitive to my loss? I invested cash into a fund where I thought the guy running it knew what he was doing. Now I am getting back 10 cents on the dollar. Now your going to sue me???

His fund is not down 90%. I have his numbers in front of me. You want me to call your bluff? Are you ready to put some money on the line? I know exactly what happened and the story you are posting is 100% inacurrate.

 

[dogman]

Quote from Pa(b)st Prime:

Although I publicly broke the Niederhoffer blow up on ET well before any other media, message board or blogging source,

wow. a man in the know. how do the rest of get close enough to have such information. i'm only hearing about it now.

please tell us more secrets of the wall street insider.

 

[rufus_4000]

Quote from Maverick74:

His fund is not down 90%. I have his numbers in front of me. You want me to call your bluff? Are you ready to put some money on the line? I know exactly what happened and the story you are posting is 100% inacurrate.

I concur with Maverick. As far as I know (which is end of 2007), Schindler is not anywhere near down 90%.