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A 30% drawdown certainly isn't pleasant, but including this drawdown we are still up 60% over the past 12 months. Much more painful will be the inevitable down year. With the volatility of our program, we recommend an investor not invest more than 10% of their portfolio with us. So a 30%...

Acrary is close, but what you want to do is take the exact same set of 600 trades and copy it to the adjoining column, BUT OFFSET IT BY ONE ROW. Then compute the correlation of the two columns. This will show if there is any correlation between a trade and the trade that follows it. This is...

I wish FFastTrade had an API (application programming interface) so we could, but so far they don't. I think someone from FFastTrade told me it was in the works, though. But for now, if you want to automate your execution I recommend Interactive Brokers. Whether you can use T-bills as...

Just to be clear, your 1042 is <b>not</b> telling you what you have to pay. It is reporting to you what, if any, amounts have already been paid to the US government on your behalf. It's a report, not a bill. Line 6's exemption code is giving the reason why nothing was withheld (and paid to...

Yes, income code 01 means the tax was withheld from interest you earned.

1042-S is where Pointdirex is reporting to you the US Federal Taxes they withheld from your account and paid to the US Federal Government. If you are a US taxpayer (and you don't have to be in the US or a US citizen to be one) then the amount withheld will be applied to your tax liability...

It varies widely. Some didn't do any. Some want subscription documents and check on registrations. Morgan Stanley wanted: audited financials, to talk to the manager, to see the fund documents, and to check on registrations. If they do any due dilligence, the databases are just looking to...

It's real time for the indexes. I just use quote.com for the charts to see how the market is doing for the day. I actually trade off the real time futures quotes FfastFill provides via their trading platform.

Thanks, surfer.

Our maximum drawdown to date was 26.0%. That is much smaller than we would expect to have had with the amount of risk we assume. A 40% drawdown would not be unexpected. Yes, our 2002 return, from Jan. 1 through Dec. 31st was 97%. This is net of 2% management fee and 20% performance fee...

Hi cartm... 1. Schindler Trading is both a CPO and CTA for the Schindler Fund. Sometimes the CPO and CTA will be different firms. Since we are both, the NFA said we only needed to register as a CPO. We are not a registered CTA. 2. Not that I've ever heard. 3. These are good...

Hi P2. Thank you. It's www.barclaygrp.com. I'm sorry if I spelled it wrong in the chat. I only know of about 7 hedge fund database websites. I mentioned the good ones. The primary business model for the database sites is that they charge investors for a subscription to their...

Hello from Barrington!

Yeah, I'm surprised the European equities are underperforming the US. The Iraq situation is what is weighing on the markets and if France and Germany are going to sit this one out, then the US will be paying for the war and the primary terrorist target. It makes sense that the dollar is...

Nice chart. Yes, we've been making money in the Dax. It seems lots of things have been having long trends: stocks (down), euro/dollar (up), and gold (up). It should be a good month for the diversified, long term trend followers. Even though Schindler Trading isn't in this category, a lot...

A big thank you to FFastTrade for sponsoring this forum. Way to go, Riskless!

Why is this Ayn Rand quote here? Is Linda Bradford Raschke an objectivist?

What leads you to require the person be outside the US and Canada? I know of offshore funds managed by US residents and I'm not aware of any regulatory or tax disadvantages.

Does anyone know what the current overnight repo rate is (approximately) for a large, well capitalized, US corporation? GNI, my current broker, pays interest on balances at 50 basis points less than their overnight repo rate. This is a very tiny number because the amount of interest I'm...

Yeah, I removed that post where I suggested you think about your motivation for trading because it was pompous and written in a sour mood. I am not qualified to give psychological advice. Sorry about that. I think I ought to print out your post and put it on my wall to cheer me up on a...