Seriously consult a securities lawyer, they can tell u all the pitfalls of this type of trading.
Most important, how will the relationship between the parties be affected, and what will u do if any of the following occur
you loose all the money
more than one person wants to trade the...
I have never had any major problems with the software trading 3 yrs. As I do not scalp I do not have to worry about prices disappearing, when I trade. I put in my orders well in advance so I can see when they are hit
How do u calculate the PnL
Do u use FIFO or Avgout Buy/Sell or LIFO...
I tried them a few times, and found that the Netpicks numbers were the same as floor trader pivots that my software would put out. They said sell resistance and buy support and would calculate the profit from high to low of the day, that was way back then, don't know if they changed their...
You indicated a 50% return but 4 month return is near 4% so u expect to really notch up the performance to get to 50%.
Is it normal to have ur system go for months like this and make up the difference in a few months of trading and achieve 50%?
I have not read the entire thread but here are some things that can be done.
1. Call the AG of the state in which the account was opened or the person resides in. They can tell u exactly what the blue sky laws are for that state and what can be done.
2. If the guy manages money then he...
I don't know if he is good or not, but I have followed him since his early days and subscribed a few times to his service. Like every bull who made money in the early 2000 Dotcom days his picks did very good. In retrospect my dart (name had to be associated with dot com) throwing picks did...
To compare the straight options vs spreads in trading the OIH it would be better to look at the loss potential or the risk than at the profit potential
Just a thought