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  1. wintergasp

    What causes price moves in cryptocurrencies?

    Just to clarify on what you said. There are many safe places to park your bitcoins and there are fairly large market-makers active in bitcoins. But the transaction cost is too high to arbitrage most of the opportunity that you see. Exchanges are not places to hold your BTC, just a place to find...
  2. wintergasp

    Are Automated Trading Systems Making Money

    Usually, stuff you'll find developed by other people is always crap. Either distributors charge a large commission or the systems are over-fitted. I'd say that hedge funds that make money today are more systematic than discretionary > I'd advise you to buy a few books and trade your own Ninja...
  3. wintergasp

    Come Discuss Systematic Trend Following & Setting Up A Fund

    The article talks about trading the equity curve on the basis of a moving average, I'm talking about delta hedging based on peak to valley drawdowns. As per the article: " If we're buying insurance, or an option, then there ought to be a cost to it. Since we aren't paying any kind of explicit...
  4. wintergasp

    Come Discuss Systematic Trend Following & Setting Up A Fund

    Try to delta hedge your strategy when you're in a drawdown, you can usually save 50% of your DDs and 2/3 of your max DDs but then you have a slightly lower sharpe and it takes a bit longer to recover.
  5. wintergasp

    Come Discuss Systematic Trend Following & Setting Up A Fund

    Trend following is a commodity, most institutional investors have access to what you describe for 0.4% / 0% and your competitors do the same returns but already have a few billions in aum, making the upside for your potential clients very limited. The only way you can grab some investors...
  6. wintergasp

    Anyone used dealCancellation tool by easyMarkets?

    Do you know where Cyprus is on a map ? (without looking) The fee you'll pay is much higher than your potential loss over 60 minutes, you're just buying overpriced vol.
  7. wintergasp

    Quest for financial freedom

    It's always the same story, that's why @qxr1011 doesn't want to waste his time developing his opinion. It usually goes like this: - I'm new and I think I just discovered that I'm a very good trader and I traded for a small period of time (anything below 5 years is worthless) with little money...
  8. wintergasp

    What's the biggest cost to run a hedge fund ?

    You need two things: a) a hedge fund vehicle b) an investment management company which manages the hedge fund the fees of the hedge fund vehicle is paid by the investors (limited partners), and usually account to 50k p.a. + a % of the AUM. This limits your ability to run a fund if you have...
  9. wintergasp

    Anyone used OpenGamma strata ? How the firm makes profit ?

    It's for investment banks and OTC market makers who provide bespoke solutions and need to hedge it.
  10. wintergasp

    Evergreen to $1mil

    FYI nobody serious will audit trading from unknown broker (like PCM brokers)
  11. wintergasp

    which trading software is the most profitable in US market ?

    Really? Who's the best discretionary fund in the world? How does that compare with medaillon (80% p.a gross of fees) or Winton? Just curious...
  12. wintergasp

    Paying taxes in Russia

    Russia has implemented FATCA years ago meaning that US passport holders who open a bank account in Russia will have their account automatically sent to IRS
  13. wintergasp

    Stable fully automated Macro Strategy

    Very interesting strategy, what does the back test look like if you make it longer?
  14. wintergasp

    "How I Afford to Travel the World"

    Damned that's why I'm losing money.... I should have bought the lows and sell the highs not the opposite
  15. wintergasp

    Spread Options eBook

    I obviously never tried the system nor know what the e-book is about...
  16. wintergasp

    Spread Options eBook

    Best system in the world.
  17. wintergasp

    Old angles gone

    That's not very far back tho.
  18. wintergasp

    Gross’s unconstrained bond fund has outperformed 22% of peers

    Nice, you're right they can do up to 35% of non-fixed income.
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