verec wrote:Some traders in MW said that they didn't know any other funds than their own that they would trust with their money."]
as i recall it Paul Jones said that sentence when Jack D. Schwager asked me where Paul wants to keep his money and then Paul said:"my fund is the safest place on earth for it"
good points verec....
i also wanted to add about those academic geneuises who fail in the markets, too bad brendo already brought an example about LTCM... for those who dont know LTCM story just look for it in google, i got another confirmation that even Economics Noble Prise achivers FAIL in the markets and go BUST!
brendo wrote:4. Searching for and analysing such data is really just a type of fundamental analysis. Personally I have not found fundamental analysis to be of any use other than to give a reason/excuse why things happened
brendo i disagree with you about fundamental analysis is not being helpful. first i also thought for myself like you do today, however later on i understodd that in order to be a VERY good trader the one needs to fully understand whats going on in a real world and not on the bars of the chart exclusively. i just look at some extra ordinary traders and understand that, for example:
Marc Marcus said that he got his most money from those trades that went with 3 of his scenarios: fundamentals, technicals, and market tone (news and stuff) other trades that he took as he said: broke even and kept him amused.
Gorge Soros traded only from the fundamental point of view using his "reflexivity" concept which he was "testing" at the financial markets. Jim Rogers ONLY trades from fundamentals and doesnt know any chart patterns, i personally emailed Jim Rogers in Oct 2004,his web site is http://jimrogers.com/
and i asked him about Crude Oil, he said he doesnt short Oil today because fundamentals have changed, as we see Oil hasnt dropped lower than 49$ a barrel.
another greatest trader Bruce Covner, this guy as he says in MW book always keeps in mind those puzzels (fundamental picture) this made him an extraordinary currency trader. the list can go on...
however its only my personal point of view.
Kalitka, the best trader today is Steve Cohen
http://www.businessweek.com/magazine/co ... _mz001.htm
however i wouldnt worry about who's on the other side of your trades as everyone on here told you, just trade the way you know works for you and you'll come out as a winner too.