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  1. R1234

    Thinking about starting a small hedge fund

    It's all about how good the strategy is. If you have a strategy with an annualized return of 40% with a Sharpe of 3.0, you can charge them 2 and 30 and reveal nothing to them. They will literally be begging to invest. I have such a strategy I trade with my own money, not making it available to...
  2. R1234

    Many users report Charles Schwab, Fidelity Investments and TD Ameritrade are down

    Fidelity's working fine for me. But can't login to Schwab
  3. R1234

    Magnificent 7 stock bloodbath

    Feels like an overshoot. Reversion to the upside tomorrow.
  4. R1234

    Best Dressed on Wallstreet?

    at least he's not wearing seersucker suit with capri pants :D
  5. R1234

    How can **practically** a retail trader implement a FX carry trade on IBKR?

    There used to be an FX carry etf years ago which was called DBV if I recall. But it shut down. Why not just do futures? No financing or ON swap games there.
  6. R1234

    Price Action doesn't work anymore due to Algos

    here's the WMA trend following program from Dunn Capital since inception in 1984 versus SP500. Looks to me like it's very much alive
  7. R1234

    How does day trading handle superficial loss rules?

    in the US people who trade like that do an section 475 MTM status where you just pay taxes on end of year net gain. Futures contracts also offset gains and losses equally
  8. R1234

    California in Trouble? Newsom Slashes 10,000 Jobs & Proposes Deep Spending Cuts

    Gruesome must've short circuited his brain. Dems + spending cuts do not compute.
  9. R1234

    Actual data supporting no use of stop losses

    diversifying is another way to avoid placing stop losses. Haven't done the analysis but from experience, I can tell you that the risk of ruin goes down geometrically with each new uncorrelated system you add to your portfolio
  10. R1234

    T+1 starts the end of May. Does that mean in a cash account you can do 1 buy/sell each day?

    Maybe I'm mistaken, but what you describe sounds like T+0, not the T+1 that is coming. Let's say that in a cash account you buy a stock for the full value of the account and sell the whole position an hour later, that cash will not be settled during the same session, and you cannot buy/sell...
  11. R1234

    SEC fee increasing from $8.00 to $27.80 / million on MAY 22

    That will hurt me. I'm grinding out smallish returns doing intraday market neutral stuff, lots of portfolio turnover. Every year it's something else. They certainly don't make it easy to earn an honest living.
  12. R1234

    ChatGPT (LLMs) replacing programmers? Ridiculous

    I find stack overflow piecemeal and time consuming to sift through. I'm actually a decent programmer in C and Fortran. But to my old brain, Python feels like an ad hoc collection of arbitrary constructs thrown together.
  13. R1234

    ChatGPT (LLMs) replacing programmers? Ridiculous

    sure. Here was the question I posed to GPT: dataframe RawStream has columns DateTime and Price. dataframe EarlyCloseDates has a list of dates. For dates that are in EarlyCloseDates, I want to filter out data after 1pm and here was GPT's first response: To achieve this, you can first convert...
  14. R1234

    ChatGPT (LLMs) replacing programmers? Ridiculous

    I used to occasionally hire Python and R programmers from Fiverr and Upwork in the past years. Nowadays I use ChatGPT to spit out code for me rendering the programmers unnecessary. I'm a very small example but it's got to be happening on a much larger scale.
  15. R1234

    Swing trader ….. $9K to $80M in 8 years

    I recall listening to a 'Chat With Traders' episode interviewing Kullamagi a few years back. I assume they do some due diligence on the guest's performance claims before bringing them on?
  16. R1234

    ClayTrader - the worst trader I have seen on youtube BY FAR.

    this guy is one of the most consistent youtubers I have ever come across - daily uploads for the past 10 years! But just like the 10,000 other trading channels out there, no keeping track of account growth. I'd love to find just one youtuber who shows us at least a spreadsheet of his weekly or...
  17. R1234

    Jumped over to the Lenovo workstation world RIP Dell

    What is the benefit of Xeon over i9 processor?
  18. R1234

    unhappy with Collective2

    I used to list my system on Collective2 but stopped, not due to bad performance but due to lack of subscriber interest. There's a dynamic there where developers charge pretty steep monthly fees, like around $150 and to overcome it they trade very aggressively to achieve reasonable net of fees...
  19. R1234

    Unrealized capital gains!!!???

    Not going to happen. I've never seen a mark-to-market tax that is one sided.
  20. R1234

    Professional Trader Status - question with personal accounts

    hope there's big AUM because ongoing fund administration costs for an offshore master-feeder structure can be more than $50k
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