What do you think when you see a famous trader now selling courses & mentorship plans?

[speedo]

LBR is not an institutional trader She has been an independent trader for a long time now - I think she is semi retired.

She is a hybrid day & swing trader by the way.

I traded with a former associate of hers who told me things with respect to day trades which I consider to have been divulged in confidence and will strictly observe. I DO respect her research and ideas. That's my only comment as to LBR.

 

[southall]

Pretty much all old timers are no longer making money.

Do you think pretty much all of the old timers in Market wizards are no longer making money?

What about other old timers like Jim Simmons has he stopped making money too?

 

[speedo]

Do you think pretty much all of the old timers in Market wizards are no longer making money?

What about other old timers like Jim Simmons has he stopped making money too?

Why even respond to nonsense like that..

 

[guru]

Do you think pretty much all of the old timers in Market wizards are no longer making money?

What about other old timers like Jim Simmons has he stopped making money too?

I respect Jim but he would have no idea how to trade stocks right now, and he said so. Having a team of scientists developing computer software has nothing to do with manual trading or teaching people how to trade, and actually validates the whole point that no old timer can manually trade or teach anyone how to trade. Unless Jim Simmons’ team would be willing to teach you how to build trading algorithms. I’d sign up in an instant.

 

[dealmaker]

LBR's incredible CTA track record speaks for itself as does her longevity with trading. She has many free Youtube videos outlining how she trades. She has a lot of people well aware of her performance always asking her to conduct seminars, speak at conferences, etc. If anyone has earned the right to get paid for this, she sure has.

LBR was ranked 17th out of 4500 hedge funds for top 5 year performance as rated by Barclay Hedge.

CTAs are required to register with the U.S. government's Commodity Futures Trading Commission (CTFC) before they can offer themselves to the public as money managers. CTAs are also required to go through an FBI deep background check, and provide rigorous disclosure documents (and independent audits of financial statements every year), which are reviewed by the National Futures Association (NFA), a self-regulatory watchdog organization.

Funny how virtually nobody scrutinizes the Charlatans that sell the dream to the masses of newbies - teaching them to trade the most volatile penny/micro/small cap stocks. Not a one of them has ever furnished even a month of a fully audited trading records

in the below thread LBR says Educators, bloggers/ vloggers would not be doing what they do if they could make $ trading. Following aGuru is a losing game. Listen after minute 40:00...
https://www.elitetrader.com/et/thre...e-fund-veteran-linda-bradford-raschke.299601/

 

[southall]

no old timer can manually trade or teach anyone how to trade.

Are saying it is no longer possible to make money with any type of manual trading?

 

[ETJ]

Someone paid him seven figures to license his name and they indemnified him against any responsibility.

 

[Wheezooo]

...he would have no idea how to trade stocks right now, and he said so... and actually validates the whole point that no old timer can manually trade or teach anyone how to trade.

Part one is a rather narrow definition of financial products, for you to then use to conclude part two.

 

[guru]

Are saying it is no longer possible to make money with any type of manual trading?

It may be possible, there are some successful prop firms.
But I don’t hear about old-timers anymore, big trades, big years they’ve had, etc.
Now they only want to teach.
I’ve seen at least one of them in an interview taking about surviving big drawdowns years ago, which now wouldn’t be possible due to regulations. That’s just one issue, while trading conditions have also changed.
Some great traders I follow seem to be trading penny stocks and volatility - different stuff than the old timers, maybe except for Tim Sykes if you’d include him in that group.
There are also some niche markets, but they don’t teach/train great edges that still remain there. So at least I still don’t see great traders teaching.

 

[guru]

Part one is a rather narrow definition of financial products, for you to then use to conclude part two.

My mistake. Still, plenty of speculation about great old timers from Market Wizards, so which ones are currently still making those great trades, having great years, and without a need to teach?