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It seems that all of the great traders are honest with themselves. In fact, they are probably their own toughest critics... One of the best things I did was make myself accountable to my wife for my performance. I have lost a lot of money trading in the past in order to get to the point I...

Excellent point, Bandit77! And that is the X factor for me because I have never traded an account over 100k. I will most likely soil my fair share of underwear. However, because of my background and experience in severe high-stress situations (former counter-terrorism and protective...

Matt24SPFL, thank you for your kind words. I do not have a website nor a blog. However, in the spirit of openess that has been displayed here, I would be happy to try and answer any questions you might have. Maybe others will find them useful... Great success to you. Daryl

Wayne you present some good mental exercises. You also mentioned stops. That and evolution of a trading system are two items I failed to address but wanted to. I do not used stops of any kind any longer. In prior trading, I used stops with every trade and despite the fact that I was right...

Wayne, thanks for your posting and I appreciate your interest in my trading methodology. Here is a brief synopsis: I trade only the index because I know it can't go to zero except in the case of catastrophic failure (in which I will have bigger problems to worry about). Therefore, I do mind...

erik123, I wish you the best of luck in your endeavors. What you posted seems to be repeated here over and over as far as the common theme of the financial institution regarding "rogue traders." I like that term, BTW. Unfortunately, I have a family to support so I cannot come in at an entry...

Thanks for your reply Pa(b)st Prime. Just to set the record straight, I don't sell spreads. Also, I am waiting for opportunities of high volatility as you have described to make money, not lose money. "Unhedgable events" are my bread and butter. I get into the markets when they are greatly...

Minmike, thanks for the suggestion. Do props require a certain # of trades per day/quarter? I am not a daytrader, hold my trades an average of 41 days, and tend to only make a handful of trades per month. My system takes time to produce results. Would they be patient in waiting for those...

Jimmy Jam, I think you have hit the nail on the head. After reading the posts all of you have been kind enough to leave, it seems that I am trying to rush things. I have a great system, and I just need to be patient. Apex's suggestion of managing investor's money while leaving it in their own...

Wow, Apex, that is a lot of good info. A few questions... By keeping the funds in the investors account, does that bypass regulatory/compliance issues? Is your main goal here to perform so well that your investor tells other investors and the same procedure is repeated, or does it then...

volente_00, thanks for your reply. I do not take your comment as being rude and I appreciate the suggestion. I will further investigate the nasdaq eminis. But I am curious why you assume there is a high level of risk in my trading just because I use options? My drawdown is only 4.4%...

Excellent point Bandit77. Unfortunately, I did not keep trading records before 2002 and I have only been trading this particular system for the past eight months. However, the problem is I trade the Nasdaq 100, and it hasn't had a major bear market since mid 2002. It might be a long wait...

kalikahuna, Thanks for your reply. I was not that poster and I don't trade with calender spreads. While I think that there is a distinct advantage for me to sell options (rather than to buy them) in accordance with my personal trading system, I do not cast judgement upon those who buy...

Thanks for your reply lwlee. My plans are to begin setting up an incubation hedge fund in a few months. However, in the meantime, I am trying to get into a position now (rather than 3-4 years down the road) that would let me do what I love. I feel like I am missing an opportunity to refine my...

After 13 years of trading my own accounts, I am now at a point where I generate consistent annual returns in excess of 30% with only a 4.4% drawdown by trading options on the Nasdaq 100 index (QQQQ). My equity curve is gentle, upwardly sloping, with very little volatility. According to my...

I have been trading for 13 years and have traded almost exclusively in options for the past 4 of those years. I first became interested in options when I took a year to study how casinos make money. While the casinos always have the statistical edge, there are some games in which a skilled...