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I was speaking in generalities in order to reflect the magnitude of such a serious event. Good point, none-the-less. Thanks, Daryl

Thank you Yoohoo and Hilojack for your informative replies. Your suggestions of diversification are excellent and I was just wondering if you knew of a financial instrument that was highly uncorrelated with the Nasdaq 100 index, yet that was also very liquid and offers options (also liquid)...

My system trades equity options on only the Nasdaq 100 index. I would start the fund only if I could raise US$10 Million. I estimate the fund is scalable up to US $500 Million and would hope to be there someday.

I manage a non-directional system that trades options on the Nasdaq 100 index that I am trying to use as the basis of starting a hedge fund. When I talk to potential investors one question that consistently gets asked is "how would your fund behave if some catastrophic event were to occur?"...

I just closed out my Bright account after being with them almost a year. I did this because I am now trading E-minis exclusively instead of equities and Bright is not ideal for futures. Also, because of the the leverage inherent in futures, I no longer require the large pools of Bright...

Well said. The Marine Corps has a similar saying: "That which doesn't kill you makes you stronger."

Since trading, I have realized three very important things: 1.) A healthy respect for risk management-usually this requires blowing out an account or two 2.) Discernment-knowing when to do something; the how and what is not nearly as important 3.) My greatest enemy looks me in the...

Let's say there is a trading system that produces an average annual compounded return of 35% with a max drawdown of 13% at 2x leverage. If that leverage were to be increased to 4x, would everything also double? For example, should it be expected that the returns would increase to 70% and...

I was 37 when I made the transition from being a retail trader to being a professional. Here is how I did it. I took the series 7 in April of 2007 after being sponsored by Bright Trading, a proprietary firm out in Vegas. I deposited $20k into an account with them,. I used the Securities...

Here is a pertinent quote from Marty Schwartz regarding TA: “I always laugh at people who say, ‘I’ve never met a rich technician.’ I love that! It is such an arrogant, nonsensical response. I used fundamentals for nine years and got rich as a technician.” So there...

Also, wouldn't it reflect on your personal rating? And if so, does anybody even care about that? (For example, a system with a high rating has a system developer with a very low personal rating). Thanks, Daryl

I am a prop trader with Bright Trading. I am not affiliated with them other than trading through them. I have been with them since April 2007 and it has been a fairly good experience. Since September, I have been in their mentorship program which I do remotely from my home office. My...

This topic really hits home for me because I am a full time trader that was a residential and commercial real estate agent for about 3 years. I currently own a 5 unit condo building that is both commercial and residential. It is managed by a property management company but they don't do a...

That is interesting to hear about the problem with interfaces and automated orders. All of my entries are manual so it is something I have never had to deal with. I have let Matthew know about this forum and hopefully he will read it and correct the problem. I don't see why not, as he is...

Jim, I am selling the Securities Training Corporation Series 7 test materials in paper format that I ordered in March of 2007. The books are in excellent condition and have not been written in. I am selling them for $200 and that includes shipping if within the US. Please let me know if you...

I am selling the Securities Training Corporation Series 7 test materials in paper format that I ordered in March of 2007. The books are in excellent condition and have not been written in. I am selling them for $200 and that includes shipping if within the US. Thanks and have a wonderful...

Happy New Years to all! Almost 7 months ago, I posted my system called QQQQubert to the Collective2 website (a fantastic website) to develop a history of statistical performance in the event I wanted to start a hedge fund with it someday. The idea that I could also generate an additional...

Don, do you ever lose money on openings?

I was in the same position as you at one point. I hit a low when I lost $23k in one day and had to tell my 9 months pregnant wife that our trading capital was gone. I decided to rebuild from the ground up by making risk management (protect my capital), rather than the generation of profits, my...

One thing I forgot to mention, I submit an average of 29 stocks per trading day. Thanks, Daryl