your ball swill be around your neck soon
What Marketsurfer Believes
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your ball swill be around your neck soon
Funds that blow up are in general cheating and don't show the real losses. So a protective stop does not work.
People who blow up a fund should be in prison.
Lehmann brothers, Refco, Bear Stearns, Madoff, Niederhoffer...
Investors lost in all these cases their total investment.
From what little info is available it seems the trading logic relied on the opposite approach which involved calling a bottom that eventually came but it was too late. A highly respected trader and forum member recently mentioned the same type of strategy by saying it was a viable method for those funds that have near unlimited reserves to hold on until price recovers. It was on an options thread which I don't know much about so it could of been sarcasm but I believed it to be sincere and an indication of the possibility that an exception exists where a martingale strategy could be deployed if the risk parameters were known to be within some proven levels that would never be exceeded, perhaps as a lark or tiny percentage of a large fund.
Oh yes, we know you are superior to everybody else.
Is that not one of the key properties of a DK infected person?
You don't even know Marketsurfer but you already know your knowledge is far superior. Each and every day you show us new superior qualifications you posses. LOL.
You bring ET really to a level that till a few months ago was supposed to be unattainable. How deep can ET still go?
Oh yes, we know you are superior to everybody else.
Is that not one of the key properties of a DK infected person?
You don't even know Marketsurfer but you already know your knowledge is far superior. Each and every day you show us new superior qualifications you posses. LOL.
You bring ET really to a level that till a few months ago was supposed to be unattainable. How deep can ET still go?
There is a lot of truth in what he is saying , in the O P , but he missed the driver of the trading truck.Traders minds are like those of these truck drivers , without the correct mindsets , they are doomed to fail.
Half information is dangerous
Most of the debates knowledge in psychology section were below average , I thnk my threads are far better and superior.You don't get many good debates and responses ,except a rebuttal team response to constructive subjective discussion.
I'm sorry but this story from Marketsurfer sounds like an altered version of what happened in "Reminiscences of a Stock Operator" minus the Quotron machine. Maybe I am remembering incorrectly, I haven't read the book in a few years, but I had deja-vu as I read that snippet and was reminded of that book.
The issue with hedge funds is there are lock up periods. In other words, you can't get out when you want. Even after the lock-up period, it can quarterly or longer redemptions.
It all boils down to your relationship with money. Many feel like they don't deserve what is perceived as easy money, or money without working in the traditional sense. One needs to go back into their childhood to discover their issues with money-- all trading psych issues go back to this point.
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