What are the largest fortunes ever made by INDEPENDENT traders?

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It was a mid-level GS guy who told me that those in a position to know thought he was the best. True? No way to know and I do not claim to know. But I can tell you that I'm not going to assume that just because he was a crook that he had no talent. That is just a foolish way to think.

Quote from mokwit:

Isn't that the cover up spin? The Goldman letter saying he was self directed and held AAPL shares was signed by a very junior VP.

seem to remember public records showed that he was associated with a failed USD50-100m biotech company and not much else.

It seems unclear how Picower made his money other than disproportionate disbursements from Madoff.
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Quote from bwolinsky:

I think my only limit in the next two years to ten figures is the position limits.
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Well, that and not actually having a profitable trading method.

You apparent lack of any trading skills whatsoever is a bigger impediment than any position limits. I have been tracking your models for years on Collective2 and now on CoVestor. I don't see any improvement over time.

A month or so ago you confidently predicted you would win the Robbins World Cup Trading Championship. I check the leaderboard for that contest weekly, yet never see your name:

http://www.worldcupadvisor.com/worldcupchampionships/default_nwcc2.aspx

First, find a winning trading method. Once you've got that, then you can start to worry about position limits.
 
Quote from Swan Noir:

For many years it was rumored that Jeffry Picower was Goldman's largest individual client and that his trading skill left them with their mouth hanging open in amazement. His widow forked out over seven billion last year in a claw back settlement with the Madoff Trustee where Picower was clearly an integral part (in many ways a partner) in Madoff's scheme.

Leaving aside that segment of the fortune that was tainted by illegal activity the man's reputation as a trader was that of a near psychic and I doubt the guys at Goldman are easy to impress.
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I suppose if you had a large income from madoff every month then you could average losers or pyramid winners knowing you had the cash flow not to worry.
 
Quote from Kevin Schmit:

Well, that and not actually having a profitable trading method.

You apparent lack of any trading skills whatsoever is a bigger impediment than any position limits. I have been tracking your models for years on Collective2 and now on CoVestor. I don't see any improvement over time.

A month or so ago you confidently predicted you would win the Robbins World Cup Trading Championship. I check the leaderboard for that contest weekly, yet never see your name:

http://www.worldcupadvisor.com/worldcupchampionships/default_nwcc2.aspx

First, find a winning trading method. Once you've got that, then you can start to worry about position limits.
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I became a World Cup Advisor, and would be in the top 3 with the model I have for them.

The returns are quite large. I may not be in the contest as I had thought but the trading I did during incubation left them no choice but to offer my model.


*********NEWS FLASH FOR KEVIN SCHMIT*********

I HAVE SEVERAL PROFITABLE METHODS
 
Quote from Swan Noir:

It was a mid-level GS guy who told me that those in a position to know thought he was the best. True? No way to know and I do not claim to know. But I can tell you that I'm not going to assume that just because he was a crook that he had no talent. That is just a foolish way to think.
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He was clearly a very talented crook, talented trader I am not so sure................
 
Quote from bwolinsky:

The 8 figure is within 4 months of 7 figures that's currently 8-10 months away, but 9 figure $100 mil is out of reach as soon as position limits kick in, but by then opm funding should not be a problem.

Really, I know I have a holy grail, even if it's 4 different systems combined I'd say they might be the best models in the world.
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8 figures with a 50k account? You sure do have high goals. But...if you have some holy grail how come only 50k in your account? If it was really a good scalable strategy you would be trading a lot more no?
 
Quote from traderchi128:

8 figures with a 50k account? You sure do have high goals. But...if you have some holy grail how come only 50k in your account? If it was really a good scalable strategy you would be trading a lot more no?
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I'm doing enough at 27 just to have that much proprietary capital. I started trading in November, and as we were working out what the best versions of our models were, trading futures just so we have the minimum 3 month track record the NFA requires you to have rather than work on formatting compliant hypothetical results.
 
Quote from bwolinsky:

I'm doing enough at 27 just to have that much proprietary capital. I started trading in November, and as we were working out what the best versions of our models were, trading futures just so we have the minimum 3 month track record the NFA requires you to have rather than work on formatting compliant hypothetical results.
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Wow, you started when I did, but I've doubled my money in that period of time. How about you?:D
 
Quote from bhardy307:

Wow, you started when I did, but I've doubled my money in that period of time. How about you?:D
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You started out minus 50%, and you can't have it both ways. Doubling after minus 50% means you are breakeven, so quit lying.
 
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