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The point here isn't whether his returns are real or not. The purpose of this thread is to learn what an individual trader needs in order to seed a hedge fund/start up his own firm. That is knowledge which I, and I believe most of us here, can certainly benefit from. It's not like he's bragging...

Anyone can join ET forums which are free of charge. So I guess you've got to take the good with the bad. Nice comeback though.

Perhaps you can try contact this guy and figure out how he did it: http://www.smartmoney.com/invest/strategies/the-400-man-1328818316857

@the1 care to share the name of your present hedge fund? Are you a Citco client?

Contact a representative from a hedge fund administrator like Citco. They can provide advice on legal, regulatory, accounting, and other administrative concerns in starting up a hedge fund and in the capital seeding process, so that you can just focus on the trading.

That is still technical analysis. You're using historical chart data and a "break-through" line to indicate whether a recession is coming, without any other economic/fundamental backing for your reasoning. I'm not saying you shouldn't be wary. Just that I don't agree with you. I'm still...

I don't think you can use technical analysis/chart patterns to predict a recession.

Hi, can you elaborate on this? Are you referring to the order APIs (eg use C++ to connect to the broker to place orders/retrieve prices)? Or do you mean there are actually platforms out there which allows us a programmer to set up, parameterize, and initiate back-testing simulation runs...

Cheers! It's just my 0.02 pips worth.

You seem to be saying that all simple strategies won't work because of the if-it's-so-simple-then-why-hasn't-anyone-thought-of-it-yet rule (There's probably a real name for this rule but anyway :)) I believe simple strategies can work, and also are preferable so as to minimize the risk that...

Theoretically, entering a position with TP 10 SL 10 will result in you losing all your money in the long run. 1. There is no fundamental or price-action basis for this strategy. You cannot claim there will be an edge here, ie that it will hit the TP more frequently than the SL. Unless you are...

jelite, May I know where you got that chart? Just want to confirm whether you may be reading too much into a simple buy order spread over 30 minutes.

Thanks for sharing your experience. Always wondered what being a full-time trader was like before broadband, retail brokerages, and low commissions/spreads made it so easy to get started.

And this is related to trading for a living...how?

When you took on the new job, did it affect your trading? Or are your systems already automated and only require optimizing from time to time? If I had 8-10 hours to spare every day, and am fairly confident that my systems can be left on their own, I would go to a golf driving range. Should...

Why do you need to spend 6-8 hours in a day job just to have a social circle? Can't you just go out and talk to people in your community or something?

Thank you so much for sharing this, James

Hi Handle123, Out of curiosity, what software or platform did you use for your trading and backtesting 17 years ago?

I hope someone answers your question, but I do have a question for you. You do understand that IB charges a $5 commission ($2.50 per transaction) for each trade, in addition to the 0.5 pip spread. Isn't that a bit too high for a scalping strategy to work?

Volcker's Rule finally being enforced. Only investment banks are affected, hence your topic is misleading. Nevertheless, didn't know the deadline is this month.