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Positions sizes are proportional to assets under management.

We don't publish hypothetical results. But I can tell you the 95% confidence interval for our annual returns is -69% to +286%.

Thanks, Indahook. In the Schindler Fund we purposely take on a lot of leverage and expect big drawdowns. I tell our investors we expect a lot of volatility in the short term but we expect to make money in the long term. (No guarantees, of course.) Even though we are in a drawdown, we are...

Thanks, Riskless. Useful info!

For most funds a 30% drawdown would be huge, but with our volatility it's not that big an issue. Keep in mind that even with this drawdown we are up 60% over the past 12 months. To risk adjust the Schindler Fund to compare with other funds, you'd have to approximately divide our returns by...

Just about all of our investors found out about us through these database sites or through word of mouth. Due to the SEC rules against general solicitation it is difficult to advertise.

My pleasure! I hope some ET members will put together funds and be successful with them. The CPO heard about Schindler Trading from one of the database websites and called us. We visited them and a few days later they hired us.

Tradestation has a bunch of charting and system design and testing capabilities IB doesn't have. Study the websites of both in detail and decide if, for you, the Tradestation features are worth the additional cost.

Aaron- Thankyou again for doing the chat and answering all my questions about hedge fund setup and trading. My pleasure. Is there any reason why you chose the 4.6% standard deviation as opposed to some other number? 4.6% daily std is big enough to be aggressive and to try to get as much...

Nice equity curve. I'd trade it as long as it isn't curve-fit and you've included slippage and commissions in your calcuations.

I'd recommend the CBOT booklet "Managed Futures -- Portfolio Diversification Opportunities" to learn more about managed futures. It is free online at http://www.cbot.com/cbot/docs/29062.pdf Check out our website to learn more about Schindler Trading. Email me for the password to the...

Someone on ET once said "If trading is exciting, you're doing it wrong." There's a lot of truth in that.

We optimize our portfolio on the insample data. Once the strategy is all ready to implement -- and it is rare that a new strategy is created and looks to be statistically profitable -- we do a final check on the out of sample data. The check is primarily to get non-curve-fit estimates of the...

Yes, there is a platform fee. So FFastTrade is only cheaper if you do enough volume such that your commission savings is greater than the platform fee. Use FFastTrade's calculator utility to compute whether you would have a savings at your volume. Also, although small, keep in mind...

I'm up in Barrington. As for restaurants, we have two preschoolers... McDonald's playlands are always a hit.

Sure, if you have income on your Sch. C you'll pay FICA on it. But traders will always have a loss on Sch. C. Trading profits flow through Sch. D and only expenses will be on Sch. C.

Same as long trades, just your sell date will be before your buy date and, I believe, all capital gains and losses are automatically short term regardless of your holding period.

Not sure what product you are referring to. I don't sell anything that would help someone create or manage a hedge fund and I don't consult on hedge fund creation. (Hmmm. I would consider it if ever approached, though.) The only thing Schindler Trading "sells" is money management...

Hi Links, Like I mentioned a couple posts ago, we have a monthly performance email we send out to all the investors and others who have expressed an interest. Send me your email address if you'd like to be added. I don't do much commentary in these updates, though, because I'm not making...

We only publish results at month ends. This is mostly to keep our investors focusing on the long term results and not fretting the short term volatility. But it is also aimed at minimizing the "How'd we do today?", "How'd we do this morning?" calls and emails. If we don't answer those...