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    Challenge to Dan Zanger's results

    Very very few people have done what DZ has.........like already mentioned above, made 40m and managed to hold on to a chunk of it. I bet if he starts a hedge fund, he will have even wall streeters lined up while banging his door.
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    System Cycles

    Read somewhere that like each stock or indicies, any ssytem would have its cycles......meaning times when system would give profits in a row and then go into drawdown periods. Developing simple things like moving average of the system results would help avoid those drawdown period and...
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    JP Morgan prop desk - worst results in recent memory

    (" good work this year, here are the tickets to US Open, here is an invite to conference in France" etc) to a full blown married life with kids, leaking roof and busted heating. Like the analogy above. Life of a manager is not easy. Better to devide your team into 4-5 subgrouppen and the...
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    My system results... what do you think?

    Looks Good!, Now put it to work real time with real money and talk to us if results mimic what you backtested, even for six months of real game. Cheers!
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    JP Morgan prop desk - worst results in recent memory

    "What if you work for a firm that treats you like absolute SHIT day in and day out?" What do you mean by this, when you pull a loser trade do they eat your ears and even call names?
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    JP Morgan prop desk - worst results in recent memory

    Can someone explain as to how the Hedge Fund traders get like 20% of the gains that fund capital makes. The fund's returns say 30% belong to investors and from that 20% average i.e. 6% in this case, is taken by the incentive fees so basically investors make 24% before taxes. Do the traders...
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    JP Morgan prop desk - worst results in recent memory

    Barclay Currency Traders Index An equal weighted composite of managed programs that trade currency futures and/or cash forwards in the inter bank market. In 2005 there are 90 currency programs included in the index 1987 29.56% 1997 11.35% 1988 4.28% 1998 5.71%...
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    JP Morgan prop desk - worst results in recent memory

    The question is how much average returns do these prop traders produce...........from the barclays CTA index we find that average for all the CTAs ranges from 8-12%. Do the Ivy Leagues have any different figures, given the fact that they have much powerful resources than average...
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    JP Morgan prop desk - worst results in recent memory

    "99% of prop trader "strategies" amount to nothing more than some manifestation of a carry trade". Does this mean that prop trading is basically rusting of the Ivy League brains. I would appreciate if someone could answer two questions a) what is the average returns the prop traders give to...
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    How low will the greenback go?

    "Former Prime Minister Mahathir Mohamad, whose economic management during the 1997-98 financial crisis won worldwide accolades, says the U.S. dollar is heading for a collapse, and urged international businesses to trade in euro, news reports said Wednesday." While there is no doubt that US$...
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    JP Morgan prop desk - worst results in recent memory

    "I'd bet there are 20-30 lot traders here who routinely make more each year than desk traders who run 10,000 lot positions." What are the returns that the big house traders are able to generate for their firms? Also, does their payout depend on how much they exceeded the S&P500 or other...
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    JP Morgan prop desk - worst results in recent memory

    "just goes to show that these ivy league guys aint all theyre cracked up to be." Who is Ivy League..............most of them are those who can read chapters and take good exams i.e process good lot of information, then they get wall street jobs in which even if they do average, they are still...
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    Has Buffet Lost His Touch?

    Scalper Dude! It seems you are long on the dollar and that's why my comments hit you right below the nuts. 20% erosion will not be in one day but over time just like dollar has corrected roughly 33% in the last few years. I do not trade currencies so what effects them hard or soft in...
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    Has Buffet Lost His Touch?

    Let me tell you, Buffet will be eventually proven right on Dollar, right now is just a pull back due to 7 Fed Rate hikes, as soon as inflation fears kick in, dollar has lost another 20%. Oil: commodity cycles last anywhere from 15 to 24 years according to Jim Rodgers. Last one started in...
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    Running Out of Bubbles

    The bubble that is going to crash is the US$. The stock market crash was the NASDAQ crash and rest of the value in big dow jones stocks was eroded by the US$ devaluation by 33% already. Some 20% more to go. If interest rates keep on rising then housing sector will pop eventually. If we...
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    USD/JPY showing strong signals...

    Fed has increased rates 7 times, US$ follows the rates by one year lag, so any signs of weakness should be buying opportunity. Please also look into what is US$ doing via-a-vis Canadian, BP and Euro. I see Head and Shoulders bottom on your chart, give it a time to break out and if that fails...
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    Who is Stan Weinstein?

    One success to market winning is 'Do not enter the field with your personal belongings, enter only with the trading capital that you are willing to lose and still not lose your sleep'. Keep it light no excess baggage please!
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    Who is Stan Weinstein?

    Good analogy, infact mixing quality with discipline can give substaintial account growth.
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    Who is Stan Weinstein?

    Martys, Is the really true, not kidding, that mark Wienstien had 99% winners in his trading? If so, any clues on his trading method.
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    Penny Scalping?

    Trend is your friend Cut your less short and let your profits run One big trade will cancel out 10 small losses and then refine the strategy to avoid losser signals. Even at 30-70 odds against you, your account might still come out ahead.
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