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Hello Soeren,
when someone shows me something better than this then i will take a
seat in the audience and shut up. until an independently audited
track record for that length of time can be verified i will stay
vigilant that - yes many people do things different ways but some do
things a better way..
the trader i referred to makes big money for his clients and himself,
yes a few know and many do not. of those that do not most are
unwilling to learn anything beyond their capabilities and logic.
ps i removed the name of the co. because i am not advertising
anything. beside they only take million dollar mins "if" they were
open and their not to new funds.
SS> Hi pal,
SS> I think money is the end, not the means or reasoning.
SS> To look at it from other perspectives:
SS> (1) Statistically speaking, there should be a guy who made round about the
SS> same money by always being gamma long. (I don't know him yet.)
SS> (2) The distribution of making a money (eg. in trading) is pretty skewed. If
SS> you start with say 1 million US$, your bank or broker won't (rarely) let you
SS> lose the combined riches of this guy. So you see many guys losing, some guys
SS> winning, and few guys winning massively (being positive outliers in your
SS> distribution). I think it is called survivorship bias.
SS> Nevertheless I think it's always a combination of skill and luck/randomness.
SS> What about the Sharpe ratio or Kelly fraction of the track record?
SS> Thanks,
SS> Soeren
--
Best regards,
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