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I agree. I have traded money for friends, I started out slightly negative and I did feel the pressure. Of course I guaranteed their initial capital investment anyway (since it is so small, only a couple Gs) but still. A couple of nice trades later, and I am well in positive territory...

Trade small Odd lots Focus on the % gains not on the $ gains...this will prevent you from using too much leverage and over-trading

The problem with leaving hedge funds unregulated is that they use massive leverage. When hedge funds blow up, they are not the only ones affected

The easiest and most cost-effective solution for rather small amounts of money is to just pool the money all into your individual account. Just calculate the cap gains tax on the profits and subtract them out. To distribute profits to your investors, you can just write a check or wire them...

Nice job so far this year, keep it up Wish you success in attracting more money to your fund

I am going to start posting But because of PDT, I will not be able to trade every day. Today: -$65 Better results to follow

Haha, funny this came up. One of the 3 friends wanted me to invest money for his roommate. But I turned the offer down as I did not know the roommate. I am not sure why previous posters are so against managing money for good friends: I chose to only manage money for friends (and not random...

Nice job with the Schindler Fund...keep up the good work Yeah, it was probably a good move to take out double leverage when using OPM...better for your physical health haha

I am currently managing $5000 for 3 friends. I charge them no expenses and guarantee their initial investment. I let them know that after I double their money twice, we can talk about charging a fee, they had no problem with that arrangement.

I just took the CFA yesterday If I were looking to hire a trader, I would look highly upon a player with the CFA license. Not because of the body of knowledge (it really has nothing to do with short term trading), but because of the fact that this player was disciplined enough to do...

So is there actually any real money on the line? Or is this just an exercise in mental masturbation

Then why are you here?

Bye bye to all the small businesses

If you have a passion for trading suck it up and work to accumulate some more capital That's what I'm doing as an auditor

What do you want to do with your life? Or are you only looking at it from a monetary perspective?

Nice job on growing your account so far As your account grows, keep it cool the way you are now: don't get too eager to ramp up size quickly

So I take it you will be buying the QQQQs and forgetting about the market for the next 25 years?

Large enough so you don't get bored, but small enough so taking a loss won't be too painful

Actually I got a lot out of the book 'A Random Walk Down Wall Street.' Read it again carefully

Most mutual funds are just closet index or sector funds