Recent content by BJL

don't think profit factor is really that important. only if you trade one instrument at a time. if you trade multiple markets it's pretty useless.

Wow... I must really suck. Managed to achieve 1.56 over the last 11 months. I should get back to equity trading. 2007 scored 3.7 in that portfolio.

(out)liers?

check out 2016 contracts over the last couple of days. apparently GS report positive about longer dated contracts and due to limited liquidity (?) big effect.. bit weird to see oil rallying and in contango.

Right. Have seen these guys as well 2 years ago and got the same story. Larger institutional investors won't even look at a fund with less than $200mln. To be able to get capital with GS support they told me I needed a track record of 2 years with a minimum AUM of $20mln. The good old...

That would indeed be the big misconception popular around ET...

This obviously very much depends on the leverage you employ. The problem with written options is that the implied leverage is usually way to big if something really bad happens, otherwise the returns are just to low. Also your leverage increases when the market goes the wrong way, an undesirable...

Exactly the sort of attitude that'll be the death of real hedge funds. All those funds targeting libor plus 400 with limited volatility aimed at institutitonal investors ... what a scam.

The long only investors that indeed have put large amounts of money in commodities aren't buying on margin son.

what stock are you referring to? btw, amazing how much volume Citadel does. oh, It gives credit to both market makers involved in a trade, looks through hidden, reserve and anonymous trades as well as including oddlot trades. you don't suppose it could be all oddlot trades?

Once again totally incorrect. Good to see how many 'elitetraders' have no clue how their central bank works.

yeah... keep on dreaming.

no problems mate. have my bad days as well ;) haven't been managing OPM for ten years. been a corporate bond trader for five and traded my own money for 4 years first. in my first year of trading other people's money and so far all my customers are still my friends :)

swap doesn't mean the swap you think it means in this case

Granted, my comments were a bit generalized. But I've been in this business for over 10 years and am running my own fund so I do have some knowledge. Sure, the big IBs are all out to get you (and everyone else for that matter), but there are a lot of good HF guys out there that have a large...