I don’t want to poop on the site, but it’s filled with garbage. So is the investment world for the “sophisticated”. The ratio is different, but it’s the same thing. EU has the correct attitude: buyer, beware.
That’s the attitude successful (ie, lived through the current meltdown) fund managers have in their own product.
Anyone who DOESN’T have this attitude will blow out accounts, including their own.
Word up. Word up.
It might say $5, but I’m attempting to $8.5 million for it, b/c that’s it’s intrinsic value. The price at $5 is because a lot of folks on here appear to have very little to spare for sub fees, so I’m trying to get those $5k and maybe 20k accounts, b/c I believe there’s a lot of them
The cost to me for adding a subscriber is nothing, and I spend quality time on the site already.
I was also concerned when skip wanted absolute returns.
"That’s the attitude successful (ie, lived through the current meltdown) fund managers have in their own product."
Yes, I’m replying to my own post.
Any manager / trader that can’t tell you under what circumstances their results will break down (or why it’s successful) is non-starter.
This site is about absolute returns, as it must be.
I’ve read your thoughts and rants. This is not the place for you, or your systems / programs.
Time to give it up.
Work out of ts, F?
You know what you can do with your TS curvefits.
Yeah, every system, works for a little and ends after the curve fit you found doesn’t work anymore.
I have an old term I used for that, it’s called 1 hitta quita.
Come up with something that lasts more than 3 months out of the year, why don’t you?
F(Gaussian Copula) -
Love your name - did you have it before the meltdown?
http://www.wired.com/techbiz/it/magazine/17-03/wp_quant
Kevin
You know, I did agree with you, but you seem to be so arrogant that you think you have the power to stop me from making money here.
A few points. Let me firstly reassure you there are plenty of reasons why someone might prefer to use a pseudonym and not all of them are nefarious! Within the financial industry there are many onerous regulatory requirements for licensed professionals and it may be in their best interest to use a pseudonym in a public forum, so if someone wishes to remain anonymous that decision should be respected. (As an aside no offence intended Beau, but as an RIA Rep if you are posting here using your real name you could be censured for making unprofessional or inflammatory comments, at a minimum you should be putting a disclaimer at the bottom of everything you write, or else use a pseudonym yourself.)
Secondly, you asked why would someone be interested in creating a third party track record unless they intended to make it a commercial product. Couple of reasons I can think of, what if they wanted to become a fund manager at a hedge fund or long only institution but they have no track record to speak of? This is their way to build one and use as part of their CV. Similarly if you were a prop trader at an investment bank you might want to mirror your trading here so should you ever need to seek employment elsewhere you could point to a 3rd party verifiable track record, because the IB certainly won’t release or confirm any details to any potential employer about what you did or didn’t make, it’s private unaudited intellectual property of the IB and you will have nothing to show for it unless you have some additional record elsewhere, and given their disclosure/trading regulations that would also mean you wouldn’t be able to physically trade so no real-life broker statements either I’m afraid.
Finally, whilst I commend your enthusiasm in seeking the fund that meets your requirements and you have clearly have firm ideas I urge you to have an open mind and visit the site of trading coach Van Tharp www.iitm.com. Van believes that a system is nothing but a set of beliefs about the market, and the more you believe something to be true the more you will have accumulated evidence to support it. Beau’s comment about getting into the vendor’s head is right, because unless your objectives and beliefs are completely aligned with those of the vendor then in the long run (especially with your IT background) you might benefit more from developing your own system by evaluating what it is you really believe and what your objectives really are and why, as only then can you set about truly achieving them. Another vendor can’t do that for you Keep an open mind.
But what’s the best way to get into the vendor’s head?
E-mail is the only form of contact you can come close to having out here. I’ve heard some vendors on here don’t even respond to e-mails, and don’t particpate in forums or only make appearances in their forums. B/c of that, it’s quite murky for some considering that the non-communicative people have such good performance that it makes you wonder when you’ve never spoken them at all if they’re really sane or not. Next, if you can’t make contact is to try to google search them, and see their past if possible. Elitetrader.com is also a good resource for most of us here.
My personal fame is on wl4.wealth-lab.com under the user name nexial_1002002. There’s even time stamps of my conversations, and they’re going back to early 2004.
I find all this chatter hilarious and these stats about developer ratings completely meaningless.
only a small amount as amusing as the new person who wonders in, and is somehow smarter than everyone else
I have been here 2 and a half years or so. I have seen way too many idiots who come in, both vendor and customer wannabes. and think they will settle everything for those poor unfortunates who did not know anyone until a genius like you comes in and sets us straight…
You need to learn something called "humility."
So take the lectures and dollie dishes, and go home little boy.
Ross, I believe he was genuine. And I don’t see any improvements needed, and that’s generally our own personal conclusions.
Newbies are always "genuine." But when a HS diplomate wanders into a room full of MIT grad students in Engineering, and starts trying to lecture them on how they should REALLY do engineering, it really rubs the wrong way.
It is said "better to let them think you are stupid, than to open your mouth and confirm it."
Well, I mean some of the complaints were valid, like the candor of the posters, and yes, I’ll take some blame for that. WRT the site, yeah, I don’t see any changes that need to be made.
I think he just needs to get inside a vendor’s head. We’re all just an e-mail away.
Wow - a little touchy Ross (is that your real name?)
Look - read my posts carefully. I am not putting myself out there as a genius or an expert or trying to tell you want to do. I’m not smarter than everyone else, nor do I hold out that I am. I do have a lot of experience investing and trading, however, and I do have a lot of experience in the software business. What’s your background?
I’m giving system developers who wish to sell products some input from a Customer’s perspective. Take it or leave it. Your call. Most smart businesspeople don’t get defensive - they listen.
Based on what I’ve read so far on this site - I think I see a bunch of people drinking the kool-aid a lot. Your dialogues are one-sided and it shows.
So - who are you? Are you a system developer or a Customer? It matters.
If you are a system developer - terrific! Then we should have something to measure you by other than your immature comments. Do you have a track record? What does it look like? I’m curious.
What’s a Customer wannabe? Either I’m a Customer or I’m not. I’m a Customer.
In terms of criticizing others for professing to be “smart”, in your comments above - you are quick to call many others “idiots”. Hmmmm…
Often, we criticize those things in others we secretly have issues with ourselves. Humility, lectures and dollie dishes (I’m not sure what that even is…). Your words - not mine. Be careful when you lash out and the message it truly sends…
I would think the developer community should be ever thankful to newcomers who are willing to offer comments with a fresh perspective.
If not, then Matt will soon have a business revenue acquisition problem on his hands as we all leave this site in droves, due to the arrogance of some (not all) “insiders” who seem to “own” this site.
Nice talking with you too… Index… (what is that by the way - is that a human being or something not quite so human?)
I do appreciate the comments, skip. Ross created the APD stat, which is a vital component for young systems, and for old if you listen to him.
