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I second Fohat's suggestion. IB's financial advisor separately managed accounts is the way I would go if I were you. Check on this to be sure, but I believe you are exempt from Registered Investment Advisor (RIA) or Commodity Trading Advisor (CTA) registration if you have fewer than 15...

Please be more specific. "Banks" is a pretty general topic. I'm not aware that there are any specific "CPO banks". Are you asking about investment bank help in placing your CPO? Looking for an administrator? Looking to open a business account for your pool?

1 tick stoploss?! Don't you get stopped out 95% of the time? From what I can see support and resistance are "ranges" or "zones" and not a single, precise price.

It doesn't matter to us if the markets move up or move down, as long as they move!

It seems there are so many ways to play support and resistance. Is one way better than another?

The first trade for the Schindler Fund was going long on September 10, 2001. The market was rallying nicely that day. I wish we had decided not to hold overnight. We finally were able to get out 12 days later.

Oh yeah, I also stick with Brown & Co. because years ago George Brown approved me for writing naked options. I don't want to go through the hassle of getting approved for this again somewhere else. Brown & Co. has good rates on option trades. I've always gotten good fills from Brown & Co...

I personally invest through Brown & Co. (nothing to do with Schindler Trading). I picked them because they had the best commissions years ago and I stick with them because I can write checks on my account. If it weren't for the checking I would switch to Interative Brokers. IB pays better...

The 44 trades you are talking about occurred over a 3 month period. Our holding period is measured in days rather than minutes. It sounds like you are doing real well! 2000 trades per year, clearing 1.5 pts per trade on average is 2000 x $30 = $60k on a single contract basis. Excellent...

Thanks, DaveN! If you or anyone else would like to keep up with our performance, private message or email me your email address. I'll send you a monthly email of our return and the S&P500 return for the month. Your email address won't be used for anything else.

What's FNYS?

We primarily use Tradestation 2000i. Before 2000i came out we had to use C++ because Tradestation 4 can't handle long periods of intraday data. I'm sad that Tradestation has gone the way of a brokerage firm rather than stand-alone system testing software. I expect we will eventually...

Thanks, MarkHyman. I didn't realize there was a normal Globex session tonight (the 3rd).

All the questions you have asked in this entire thread are answered in <u>How to Start Your Own Private Investment Partnership</u> by Fiszel and Peteros. Another free source of information is the email book hedgefunddynamics.com will send you if you register at their website. Good luck!

If you don't trade futures in your fund then you aren't regulated by the NFA or CFTC and don't have to pay them anything.

The $1000 I mentioned is the annual NFA membership fee required of non-exempt CTA's and CPO's. There is also a $100 annual CFTC registration fee.

You don't like that equities are now traded in decimals? I like it a lot. I can narrow the spread and get in front of other traders if I want to be more certain of a fill on a limit order. I'd like to be able to do the same thing with the ES and NQ. And if I want to enter a market order, I'd...

And always always always check over every last digit and character of your wire transfers. The tellers at the bank just type everything up and usually have at least a couple typos. And on a wire transfer, just one character off on the account numbers or ABA routing number will cause the wire...

I've used Citibank for international wire transfers and never had a problem. They've got a French branch. You can find out more about it at http://www.citibank.fr/eng/e-hoidx0.htm. I'm thinking you could open an account at the French branch and receive wire transfers from your broker into...

Reducing the minimum tick size is a great idea! I agree with Vikana that the ES is the first candidate given how much size there is on the bid and asked. But then the CME should reduce the tick size on the NQ also. And then the CME should reduce their fees...