Recent content by NorthernLimit

  1. N

    my experience with E2T

    The OP original complaint was with the 3rd party app Finamark, which E2T properly addressed. I'm doing the mini and also have had problems with Finamark on my laptop. I have had orders show up (on the chart) but were not filled as they were not listed as "working". This is not E2T fault and...
  2. N

    Anyone Tried the 60 Day Trading Gauntlet from Earn 2 Trade?

    Does the contract offer from the funding partner require an exclusive relationship? Not sure how it would be enforced anyway, but legalities are still important.
  3. N

    Guidance for an undergrad...

    Assistant Actuary??? I thought we were taking about a trader....someone who wants a career making real money and having the power of God?
  4. N

    Guidance for an undergrad...

    IMHO; you are off to a good start, but you want a job in the industry and since 2008 it's very competitive, so education is critical. I'd follow on with: Graduate degree Masters of Finance (more than an MBA) from a good school - "good" meaning one where major banks/HF are hiring - ask for a 3...
  5. N

    Investment Structure for a Prop Trading Business

    Depends on the profitability and corporate structure (family office, LLC, partnership, etc.) You need to talk to a tax accountant for the final implications, and do a pro forma statement out to 5 years. Then talk to a lawyer about an exit strategy in case it goes to hell (presumably along with...
  6. N

    Florida is a mecca for traders, why taxfree Bahamas (50 miles away) is not?

    ROFL.....this is funniest piece I have read in a long time!!!!
  7. N

    Has someone an experience opening a fund?

    True, my mistake... Since lemarche is looking to raise 10k euros per friends & relatives, I'd say he is domiciled in Europe not US.
  8. N

    Has someone an experience opening a fund?

    Depends on what you are trading. Opening as a CTA is easy. You can pass the series 3 in a couple of months, incorporate for $800 and you are in business to run managed accounts, which for many investors is far preferable to a fund. You need to focus on sales first. If you can't sell your...
  9. N

    Seeking advice on situation; considering employment at Prop shop/hedge fund

    As a professional bank trader for 25 years if you were my son I would advise the following: You have enough capital to go back to school and get a graduate degree. You need a job, your undergrad degree doesn't apply unless you can program in C#, and you have no formal big corporate...
  10. N

    EricP, Lescor, Patrickq, Dustin and gang..

    I sense a lot of pain in your post. Trading is trading whether it's futures or equities. I notice that you have been publishing a lot of posts all the way back to 2008. 5 years is a long time to be losing money; maybe trading isn't for you. Everybody wants to trade, but not everybody can be a...
  11. N

    How to begin my career

    If you are interning at MS consider yourself damn lucky. You must have a solid GPA, so you should have enough brains to know that you will be given opportunities to prove yourself as a trader. The reason professionals consider prop trading a non-starter is that try it at any time, it's an...
  12. N

    How do you become a CTA ?

    You can also get a study guide from Securities Exam Prep Inc. with lots of sample questions. Sampson77: As a Canadian CTA before you manage money you will also need to register in your province. [Also, each state has their rules, I hear Utah is tough]. Each province has different rules...
  13. N

    Help Starting a Fund

    Your questions are getting more detailed...check out GreenTraderFunds for verbal help. [I don't work with them or use them, but they seem reasonable]. A lot depends on where/who you are raising assets and if you have an auditable track record that is scalable, otherwise you are spending money...
  14. N

    How to split partnership for a CTA firm

    count your blessings!
  15. N

    Raising Capital as a Discretionary Trader

    Very difficult raising money, the reason he probably wants you to go systematic is you are almost there. Discretion implies a subjective choice in decision-making. If you are using hard and fast rules that can be written into a spreadsheet formula and simply choosing when to trade that is not...
Back
Top