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If your long term plans don't involve OPM... I would say, skip the stress! For me, the greatest pressure doesn't come from losing OPM money... because I haven't really yet. Most of my investors are more patient than I am, as it happens. The aspect I dislike the most is the feeling of...

I agree with you, managing OPM is rarely worth it for small balances. You just have to decide what your long term goals are. - if it's to make a lot of money off of managing a lot of OPM, then like Epic suggested... I think a simpler (and more "standard") fee structure will make that much...

I think you're right. Epic and I both are in the commodity/futures/CFTC world, and things are much simpler from a taxation/fees point of view. Looking at njrookie1's post, he's asking about a FA... so dealing with equities + securities. I still haven't passed my series whatever you need for...

I already mentioned Biog once today, hope he doesn't mind if I blow his cover again. I actually know for a fact he did most of the legal work himself, and in fact did (not sure if he still does?) his own accounting via Excel + Quickbooks, and just generated statements himself. He only started...

Exchange margin is literally the amount the FCM has to post at the exchange, for the positions of their clients. So, intuitively, many FCMs just pass that margin requirement onto their clients. But the FCMs have the option of doing it differently, depending on their view of risk... - if...

What the heck, someone else disagreeing with me.. unacceptable! More seriously, nice of you to share. And it actually sounds a lot like Biog (on ET)'s story... he also traded his own account successfully for a long time, brought in a few family/friends, and slowly grew from there. I ended...

Haha, good pitch. Truth is, I know I don't need to improve my Sharpe; I'm already doing well enough that higher performance is *really* not an issue for future fund raising. It's just a question of longevity, scalability, etc... other stuff that just takes time to solve. But I mean...

I'm not offended by your questions at all, don't think it's inflammatory. I don't have a problem with people disagreeing with me, as long as it comes from the right constructive place. As far as your situation goes... this kind of goes down to the point I made earlier... why are you doing...

No disrespect intended, but the above statement is *exactly* why investors want to wait and see 3-4 years of solid trading results, before joining their money to *yours*. See it from a typical investor's point of view. What I need, is to know that you will deliver 10 *years* of consistent...

I checked with my friend, a securities lawyer working primarily in fund formation. Not the kind of case she sees very often, but basically.. if you: a) aren't holding yourself out as an investment advisor / CTA, b) aren't working for compensation... regulators shouldn't bother you. She...

Doesn't this also imply you don't look at paper *losses*? What are your returns/draw-downs when you mark to market daily/weekly?

1. The numbers are clearly great, and no investor will ever turn down an opportunity to get a slice of that. The only reason people aren't pounding on your door isn't related to level of performance... It's all the other stuff we talked about: are you legit, is the performance going to be...

By general rule of thumb, your worst DD "should" be less than half of your (target) annual returns, especially early on. Beyond that it's really about setting expectations. If you surprise them in a negative way, you're in trouble.

For those still trying to help this guy... why? I can't think of a less deserving candidate.

Neutral is completely right. In the big picture view, options are fairly priced. Therefore, there is no loss in expected value from buying options as "insurance" for limitin losses. And yes, if you believe you have positive expectancy when it comes to picking direction, then this doesn't...

http://en.wikipedia.org/wiki/Checking_if_a_coin_is_fair

Some day, perhaps years from now, you'll be self-aware enough to laugh at your own posts in this thread. What's your solution for my dream of dating Megan Fox? And no, I don't want a three year plan. I want a SOLUTION!

You know, after having done this for a few years... the other question is, why does anyone ever *want* to raise $100k? Let's assume you meet the right combination of rich/dumb, and bring in a check for $100k. If you do the math, assuming 2/20 and "reasonable" (somewhat sustainable) returns...

I'm Chinese, so for that reason alone I'm interested. I don't care that your English isn't perfect... The Chinese version of the site looks great. ;) That said, can you talk more about your business model? I've looked at the site and its not clear to me what you're offering and proposing...

Woah! Why do I feel like this paragraph is new...? I don't recall seeing it before: Foreign exchange-traded broad-based security index futures contracts (and options thereon): The CFTC’s Office of General Counsel must first issue a no-action letter to allow the offer or sale of a foreign...