Recent content by ssb11

cpo is much more expensive and has much more difficult regulations due to your ability to pool money and write checks from that money. ssb

i would comment that i don't believe there is a more misunderstood stat than W%. it can be inversely correlated to profit. in nearly every bit of my research the quickest way to make more money is to lower your W%. any method can increase W% by increasing the width of the initial exit and by...

i might suggest that the original turtle rules were created in the early 80's and may not have had the necessary body of data. many turtles and mr. eckhardt continue to have very profitable trading careers on a very large scale. that would suggest that while the tactics may have evolved...

If you use few enough if/then statements in your testing, show enough consistency between the creation data and the testing data, show little change as your variables have small changes, and you have shown the discipline to follow rules, then i think you have a usable model. It would be...

my idea would be that while we have seen but a sliver of possible market outcomes, i would hypothesize that the outcomes that we have seen give us some idea of what the majority of future market outcomes might look like. in developing a model i am not only interested in how profitable it was in...

to best protect vs. curve fitting one must use some walk forward testing. create system on one set of data; test it on another. one must also test that small changes in input do not create large changes in performance. if a 20 period XYZ is +$1000, then 13-19 should each show a profit...

as long as you stick to individually managed accounts, you do not need to register in every state. if you get into being a CPO and managing pools, then your compliance requirements go up dramatically. you may have pools as customers as a cta. the only registration is federally, although...

we trade a mechanical simple trend following system and have done so for the past 10+ years. by mechanical i mean that each entry, exit, and size decision is dictated by rules that have been created before the trade is entered. we do not use any mean reversion. we do not view markets as...

take your last 300-500 trades and convert them to a ratio of your + or - divided by your initial risk. (so, if you made 200 points and risked 100 you would have a +2.00.) list them down column a beginning row 2. in b1 place a %; in c1 place a beginning account value. then use column b to...

do you want to manage other people's money or trade prop? for prop i would find someone who wanted to put up some capital and split profits. say you put up 20 they put up 80, you do the trading and split 50/50. buy enough ramen noodles to last the time it would take your model to make 1000...

it would be unusual for an ib to have issues with the executing fcm as long as they got to clear the business. as to bolters comments above, i find them very accurate when it comes to institutional money. However, i have not found that to be the case for hnw. we have never had an office and...

3pm=third party marketers

ib's are going to care about one thing, fee share and round turns per million. if you can provide a product that will make them the most money, you can have the leverage of their sales force. some are tiny and could not find 50k, some are very large billions plus. altegris is one of the...

for those of you starting new cta's or trading small ones, you probably will find raising assets to be quite frustrating. the following assumes that you did not come from a major investment bank or the like. Your first 5M will probably come from friends and family. you should report your...