Recent content by doublet83

The less than 10% DD is my estimation of what the max DD was on a daily basis, although its not something I've tracked so I don't know the exact number. Max DD on a monthly is 5.8%. Yeah I don't anticipate it will be easy to raise capital, which is one reason why I have not directed much...

[ Naturally I would expect to realize a significant moderation from the extreme level of returns I have achieved, although I would expect the structural reason for that to primarily come from the fact that at scale, I would no longer be able to exploit my current nimbleness. I believe I am...

I hope to build a business out of this. There are many elements of proper investment research which I cannot employ until I achieve scale well beyond my current level, such as: 1. access to management teams and sellside and buyside networks 2. more through investment research using supporting...

I'm not really that familiar with the prop firm landscape, but my impression is that most of them are trash. Also, my strategy has become almost entirely investing based as opposed to trading oriented, and I don't imagine that makes sense with the majority of prop firms out there. Also I am...

Thanks for the comments, EPIC. I have been managing some friends and family money under a managed account structure now for a bit less than 2 years. I am also in the process of registering as a RIA with 2 states and going through the formal entity set up process to begin accepting clients under...

If you have a proposal you can PM me. These results are unaudited but I will get them audited if there are reasons to justify it. Right now, most of the money is my own capital. I do manage some friends and family money for no charge under a managed account structure. I have come to the...

Ended 2013 up 179%. This year up 10% so far. My short term strategy which was 15% of profits last year is struggling this year, and is unprofitable. However my long term strategy is still doing very well in a much tougher environment. I have a lot of exposure to growth oriented names which...

You have the right to post whatever you want, but I have no sympathy for con men, and I have less sympathy for con men with sob stories trying to justify their actions. After stating "there's no defense for this sort of thing," you go spending several paragraphs trying to defend yourself...

It is not clear to me that short term traders are creating any real liquidity or value, just like the high frequency fund creates a lot of volume but little real liquidity. A investor that buys companies based on their fundamental worth is adding some value by facilitating capital markets...

Yes, I think it could makes sense for a short term construction loan. You can easily hedge out the risk of a market crash by buying deep out of the money puts. Puts that require a 50% drop in the SPY to be in the money that expire one year from now only cost you 0.12%. Maybe you can make 2%...

With that much capital you could be getting 7 to 1 portfolio margin at IB, meaning that you will likely have to suffer significantly more than a 50% draw down before you incur a margin call. It is safe to assume that in the event of a big market crash, a risk is to what extent IB changes their...

I did not do well on level 1 econ, and several of the other sections as well, but level 1 is so heavily weighted towards financial statement analysis that I managed to pass. No it didn't open any doors for me yet since I've only passed it recently.

With a finance and accounting major, I passed level 1 with only about 10 hours of studying, as most of the material was basic accounting and financial statement analysis. I was able to barely pass level 2 and 3 with about 100 to 150 good hours of studying each, although most people would...

Ok lets assume you have an edge. You are asking here how you can exploit that hedge, perhaps what avenues you can use to raise capital or maybe which prop trading group you could join. However, if you're going to get outside capital, your possible paths are highly dependent on proving how...

Can you explain again why there are only 53 trades in this sample? Given the short term nature of these trades, why can't you get a much larger sample? If these 53 trades are over the course of a few days, they are meaningless, as market dynamics change often. Even if these trades are over the...