Ok londonkid, when you end up running your own hedge fund and can make $50 million net after fees, as Cramer did, then be sure to show us your stats, lol!
Topsteptrader
- Thread starter deaddog
- Start date
Ok londonkid, when you end up running your own hedge fund and can make $50 million net after fees, as Cramer did, then be sure to show us your stats, lol!
I prefer to deal with facts only. Cramers history is contraversial to say the least. Cramer will not help you find the edge/discipline you require to pass the combine. He's just a distraction.
Some of his prior dealings may have been shrouded in controversy, however I don't think he lied about his performance record at Cramer Berkowitz (his prior hedge fund), as those results are audited by CPA firms.
We're not talking about Cramer as a "distraction" or his "clown like" antics on Mad Money, or even if he can give you an edge, only whether he is (or at least was) a decent trader or not.
If earning 24% yearly net of fees running $450 million of OPM doesn't fit within your definition of a "decent trader" then you're really setting the bar quite high, especially as far as P&L is concerned, lol.
You prefer to "deal with facts" however your post stating that decent traders "don't have much drawdown" has no basis in fact. It's very naive to think "decent traders" are immune from having broad swings in their P&L over the course of their careers.
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ok Joe as long as you don't think he lied that's good enough for me. lol. His hedge fund never had a public audit, those are the facts. His calls are 5hit on his Mad Money, its entertainment for the masses Joe, I am sorry you cant see that.
You are quoting one unproven trader who is a TV pundit Joe. It's emotional all or nothing thinking again. You are only making yourself look stupid here.
Again emotional all or nothing thinking Joe. I said decent traders don't have much drawdown and i stand by it. Of course there will be some traders who allow greater drawdown in their methods but on the whole decent traders are not letting their account go into large drawdowns.
We are never going to agree on this. You can carry on idiolising people like Cramer who is not going to help you find an edge to pass the combine.
Only on ET can we have losing traders arguing that Cramer is a decent trader. It's gold Joe.
Londonkid
Define
"decent trader"
"much drawdown"
Define
"decent trader"
"much drawdown"
I will politely decline as it serves no useful purpose. GL.
They why are you wasting time arguing about undefined variables ?
I was just curious if you define those in % or $
They why are you wasting time arguing about undefined variables ?
I was just curious if you define those in % or $
pot kettle
If you check out the TST Squawk you tube channel at the link below you can listen to interviews of the latest funded traders. 150+ this year.
https://www.youtube.com/user/TsTSquawkRadio/videos
GL.
https://www.youtube.com/user/TsTSquawkRadio/videos
GL.
And out of 150 funded how many are currently trading today ?
How many are on track to gross 30k this year ?
How many are on track to gross 100k this year ?
I dare you to ask mike these questions and post the results here.
All you will get is a beat around the bush answer from them about current profitability. If anyone was really putting up an decent numbers they would be interviewing the hell out of them and posting on YouTube to get more sheep to buy in.
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