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Here's the definition of Portfolio Interest that is not subject to NRA withholding: http://www.irs.gov/businesses/small/international/article/0,,id=112032,00.html I must admit that I don't understand it and don't know what kind of obligations the authors had in mind when they were writing...

IASG.com reports the Schindler Trading Sharpe ratio as 1.04 annualized. I haven't calculated the beta or alpha but the beta would be pretty low with a correlation coefficient between Schindler Trading and the S&P 500 of only 0.077. With such a low correlation, the returns of the Schindler...

The two ways the assets can go down are by withdrawals and by trading losses. Generally people don't tell me why they are making withdrawals and I don't ask.

If you're a trader, why would you want to retire? You're already doing what most people would like to retire to.

Thanks, eLindy! Keep in mind that we've cut our leverage by half since the volatile days of 2004. While we're unlikely to have any more 25% down months, we're also unlikely to have any more 32% up months. Our worst down month since cutting the leverage was -9% in July, 2005. The best...

Chuck, please see the PM I sent you. Oh, and I love you too, Chewbacca!

Thanks Epiphany, bearmountain, ktm, Prevail, surf, and Runningbear! Good trading to you!

Thanks, Riskarb! I'm guessing it helps if they slope upward? :p Schindler Trading's AUM is up 30% in '06. So we're growing. Not huge, but the slope is positive.

No, all results we report are already net of all fees. The 32.1% return year-to-date is what the partners actually earned. Our returns are posted here: http://www.schindlertrading.com/index.php?page=performance A couple other comments: The Schindler Trading minimum investment is $20k, so...

Little volume and they don't track the front-month price very well. Yesterday, for example, Oct. crude fell but Dec. 2010 rose slightly.

I don't know how I feel about my horn getting tooted. Does it hurt? :) Thanks, GTS! Aaron Schindler Schindler Trading

Thanks, Chriz! Aaron Schindler Schindler Trading

In Milwaukee a spoiled brat is one that is grilled without first soaking it in beer: http://www.rachelleb.com/pics/christmas_2003/packer_game_1.html

"Independent Investor" also explains why you don't have a company name on your business card. It also has a wealthy cachet lacking in "Trader". If I saw "Trader", my first question would be "What do you trade?" Oriental rugs? If you want to go with "trader" use either "Securities Trader"...

Now how do you decide to do that? Will you keep buying if it keeps falling? $68? $67? $58? $57? I'm not saying it will fall that far, but it isn't impossible. Is there some point you decide enough is enough and cut your losses?

Are you averaging down today, Surdo? Or do you have a stop loss exit?

I don't like to count my chickens before they hatch. PM me your email address and I'll send you the monthly results as soon as they are available on Friday. Or keep an eye on our performance page at http://www.schindlertrading.com/index.php?page=performance Aaron Schindler Schindler Trading

I posted on 4/25 and 6/12: For various reasons USO can't and doesn't represent any specific amount of oil. It is constructed so that the _percentage change_ in the price of USO will track that of crude futures. The actual price of USO will eventually drift further and further from the price...

*laugh* I agree!

Don't believe everything you hear, Danno... The 9/11 Commission concluded: "further investigation has revealed that the trading had no connection with 9/11. A single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 as...