Recent content by ZZ Trader

I am a quant, an active NFA Member and a Portfolio Manager at a multi-M USD CTA, been in the industry 20 years, so trust me: not a rookie.... Anyway, I don't think you understand anything of what I am saying, and I find your condescendence a bit out of place. I am not interested in continuing...

Let me add one comment, just to clarify: I can predict that the Sun tomorrow morning will rise precisely at time hh:mm:ss based on my location, and my prediction will be pretty much 100% accurate. But I cannot predict at what time the market will reach price x tomorrow at time hh:mm:ss. The...

No, you're not. When you execute a trade you are making a GUESS / BET. And that bet has to be hedged in some smart way and put in the context of some systematic method that tries to reduce as much as possible the losses every time your guess/bet is wrong. If you are making a prediction you...

Nobody knows where the S&P500 will bottom, if someone has an opinion, doesn't matter who he/she is, that is just his/her (useless) opinion. Sometimes by chance an opinion matches what happens in the market and then people thinks that guy can predict the market but the truth is: it's just random...

I have found this on Linkedin, it's from 3 years ago, no idea who they are but the thread starter may want to have a look into it: fund management without having a license (yet), at a price...

it's funny because there are companies like Collective 2 that promote themselves as being the good guys against the evil hedge fund managers and promise to democratize access to working investment strategies: (https://trade.collective2.eu/) Collective2 vs. Traditional Hedge Funds Good vs. Evil...

LOL

Some low-quality brokers try to push clients towards having their account managed by some of their "traders" clients at the broker, usually through some "trade copy" tech mechanism. By doing this they can collect more assets from clients: usually each sales person at the broker has a minimum...

Most of the answers in this thread do not answer your question... Robert Morse gave you some valid pieces of advice, pretty much anything else that was said is not useful. The poster can set up a hedge fund, if he wants, depending where he is resident (US or elsewhere) the regulations and the...

There are platforms for emerging managers that try to offer you a set up at a reasonable cost, AKJ in the UK is one, but there are others, you have to do some digging online or ask around...

I am going to add this: there are some exceptions with the NFA to run funds unregistered with the CFTC (I suggest you find a US lawyer to explain you in deep the caveats, but you may start to find some info on the internet for free), however it's a bit of a minefield and you can't really scale...

It's illegal everywhere on this planet. Even if you do it hush-hush with some friends, if something goes wrong and you lose some of their money, they could sue you and at that point you will be in serious trouble and deeply regret acting like an outlaw. Taking a Series 3 or 7 is not a big...

PBS: I disagree with the whole theory: "investors won't find you, no matter how good you are". When you say "this or that manager has been in business for 10 years, great track record and still stuck at 1M AUM", it means that manager is NOT THAT GOOD! You see, investors do not judge a manager...

bln, of course you can do it, but the problem is: where is the AUM you trade coming from? Do you have clients that can bring their AUM to the firm you want to work for? so you can trade that AUM for them from within the firm and share profits with the firm? In that case you may find some doors...

I am answering to the person that started this thread: to be honest with you, I am in the industry (and have been for many years) and I know quite a lot of folks in the industry, and I don't think there is such a thing as "sell a trading system" unless your system is already doing very well with...