What risk management mistakes did Victor Niederhoffer make to blow up a few times?

Great post, thank you. VN read some material I wrote on here back in 2002-- invited me up to his house to chat about markets and into his think tank type group--- we have been friends ever since- and incredible positive things have occured to me thanks to this relationship------ he is one impressive character and has my deepest respect.

I think he has a difficult to control competitive streak that is his downfall-- but it is also his key to the success-- so not sure what to suggest. I have witnesed VN go at with out mutual friend psychologist Brett Steenbarg$r --- that was quite interesting!

Speaking of tennis, I have seen VN shut down player after player half his age in CT--- highly skilled on the courts


Makes me ill to see these strivers and strugglers rip on him when they really have no clue.


This is one of your major flaws Surf. You think everyone who doesn't agree with you on this VN bs is jealous or struggling. Seriously man. You come across as a grade one a-hole with this stuff.
 
You have no clue who is profitable on these boards but you tell other people they suck and you constantly have a holier than thou attitude. You are delusional.

Yep. You beat me to it. He wonders why 95% of the people go for his jugular on here. I try and be civil with the guy but shit like this makes it real tough.
 
I know for certain who is profitable and who is not-- among the posters I know personally.

Sure, I don't know everyone and certainly there are profitable traders on elite who I have no clue about--

HOWEVER, it is clear by some posters claims and posts that they ARE NOT profitable. They expose themselves quickly. surf

How in god's name would you know they aren't profitable ? You mean if they buy September Dow futures and say they got out using December's price. You know....lying. To me that's pretty clear of what's going on.
 
Not a sixth sense or anything like that. It's not only obvious to me but it is to anyone who has been in the game long enough. Their own words give them away... peace, surf

Ok Mr. Mind Reader. Give us an example.

I just gave one.
 
Ok Mr. Mind Reader. Give us an example.

I just gave one.

Out of 12,000 plus posts --- you are still harping on that mistake typo from years ago? Get real man

It's not my purpose here to call anyone out. Many of the phonies have already been shamed and left the site with their tails between their legs. No need to poke these sad folks again.

surf
 
This is one of your major flaws Surf. You think everyone who doesn't agree with you on this VN bs is jealous or struggling. Seriously man. You come across as a grade one a-hole with this stuff.

There's nothing to disagree on. VN has proven himself by his own long term performance despite his personal flaws that resulted in him blowing up. Not to mention the multiple great traders ( real people managing billions in combined capital) from his stable.

surf
 
Out of 12,000 plus posts --- you are still harping on that mistake typo from years ago? Get real man

It's not my purpose here to call anyone out. Many of the phonies have already been shamed and left the site with their tails between their legs. No need to poke these sad folks again.

surf

Surf...it happened more than once.

Again like I have mentioned before. I have done a gazillion futures trades. Sure ...made errors at times. But never bought one month and sold another claiming to close the trade out. Whatever dude. Talk about a phony.........
 
There's nothing to disagree on. VN has proven himself by his own long term performance despite his personal flaws that resulted in him blowing up. Not to mention the multiple great traders ( real people managing billions in combined capital) from his stable.

surf

Yes his long term performance is horrible. As bad as one can be. If anything his short term performance has been great at times. All you have to do is cherry pick.
 
There's nothing to disagree on. VN has proven himself by his own long term performance despite his personal flaws that resulted in him blowing up. Not to mention the multiple great traders ( real people managing billions in combined capital) from his stable.

surf

You use this personal flaws stuff as a crutch. I have known some great traders who had insane personal flaws. As you said.....get real man.
 
Out of 12,000 plus posts --- you are still harping on that mistake typo from years ago? Get real man

It's not my purpose here to call anyone out. Many of the phonies have already been shamed and left the site with their tails between their legs. No need to poke these sad folks again.

surf

I never asked you to name names. Just give an example of what they did.

I'm sure you will duck this question like most of the other ones after you make a bold proclamation....
 
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