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  1. wintergasp

    why you or active money managers cannot outperform the market

    Dude management fees are 1%, 2% if you're a retail (and the fund usually pays the 1% to the distributor) and more 0.5% if you're institutional.
  2. wintergasp

    New Documentary on Bill Ackman

    Huh what ?
  3. wintergasp

    New Documentary on Bill Ackman

    I don't want to sound like an asshole but his risk adjusted return is soon below a random coin flip
  4. wintergasp

    Forex Trading in Dubai

    What's illegal about fx trading in dubai ? Just keep doing whatever you're doing
  5. wintergasp

    My NextGen Algo Setup - aka The Do Over

    Yes but script it using Ansible, it will take you 1hr to figure out, they have videos and a good dock. I regret not having used Ansible / Chef / Puppet waaay before because I was too lazy to read the doc.
  6. wintergasp

    My NextGen Algo Setup - aka The Do Over

    Docker has been more of a pain in the ass in production in my experience, you can read numerous similar feedbacks on popular HFT / Trading blogs. Ansible is easy to manage and the whole idea is to go master/slave (as opposed to masterless), just run it on your dev machine and hook up your...
  7. wintergasp

    My NextGen Algo Setup - aka The Do Over

    Maybe you should look at something such as Chef or Puppet so that you can replicate your setup in 1 click, keep it updated across multiple servers etc. Also have a look at SoYouStart.com (OVH.com / Kimsufi.com) Online.net and scaleway.com, for 35$ per month you will have a better server with...
  8. wintergasp

    My NextGen Algo Setup - aka The Do Over

    Aren't you worried about security of a VPS versus dedicated server ?
  9. wintergasp

    Has anyone heard of the pattern trader

    OMG you know the pattern trader ? He's the guy who taught me all the ropes !
  10. wintergasp

    FCMs still haunted by the past

    - Off-market trading ? you want to close an exposure after market is closed at close price, they'll give you a quote at +/- 5 ticks. - You can segregate your money in 1 phone call and ask it to be off-balance sheet, not sure how IB segregates your money. - You have access to block trading in...
  11. wintergasp

    Mentor

    I lose money 9 days out of 10 and I manage a book that varies in size between 250m$ and 500m$ cash. So your first intuition to make money sort-of every day is wrong >> this is because of the noise in the market you need to focus on losing a little when you lose and making a lot when you make...
  12. wintergasp

    FCMs still haunted by the past

    ABN Amro is a Prime Broker it offers many many many many more features than IB.
  13. wintergasp

    Mentor

    What are your expectations in terms of P&L ? Too many people think they can make too much money and 99% of retail traders end up failing. The truth today is that if you beat the S&P 500 on a volatility-adjusted basis, you're very very very good.... meaning the odds of that happening are very...
  14. wintergasp

    Developed a very good algo... Now what?

    It's extremely powerful but a bit pricey IMHO, they have lost quite a few clients since AlgoTrader and a few other providers started offering similar if not better software at lower cost AND offering it open source. At some point they had something like 120 employees for 30 clients or something
  15. wintergasp

    Developed a very good algo... Now what?

    It's more about looking professional than the reality of tickstory / FXCM. The only platform you may use to look professional is Deltix but that's 10k$ per month per computer. Nobody serious has FXCM-based track-record. In the futures industry, TradeStation is fairly good, we use it at work...
  16. wintergasp

    Developed a very good algo... Now what?

    1) FXCM is sub-retail. I'm afraid you've lost your time so far. Your best bet is to open an account with IB as it's probably the only discount broker that is considered serious by smaller institutions. Same goes for myfxbook as @Adibi83 mentioned 2) You'll need a better presentation than this...
  17. wintergasp

    Developed a very good algo... Now what?

    I've looked at your presentation, is there some sort of double up component when you lose? Eg you buy 2 and then 4 and then 8 but that only happened twice since 2004?
  18. wintergasp

    Something to Leave you With

    Niiiice. How much money do they lose using this ?
  19. wintergasp

    Trying to find the right stock.

    Do you delta hedge your calls?
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