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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    MONTHLY UPDATE MAY 31 REVIEW • Personal account values: as of today’s close was $728,489 • Incubator hedge fund: values as of today’s close was $111,824. • End of Quarter ; June marked the end of the second quarter, as I said in my post at the end of March, I am little focused...
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I guess I lost credibility here because I have not posted $728,489.367896526¢..... and you wouldn't probably invest in the upcoming fund.(Just joking.., I Just think adding ¢ is irelevant.) On the $3824, you are absolutly corect, it was an error that I will fix next week.
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    MONTHLY UPDATE JUNE 30 • Personal account values as of today’s close is $728,489. The account value in the beginning of the 2011 was 569k, a profit of 159k year to date which is around 28% return year to date. Below I have also included the monthly results since I started this thread. Value...
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    The idea that some people suggest that VXX “can’t possibly” spike higher then 30-40 is not accurate. In 2008-2009 VXX (hypothetical) spiked much more then that. Having said that, I do expect VXX to peak very soon.
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    Hi Atticus, I appreciate your comments. I am aware about your opinion regarding VXX from your comments in February. After your comments then, I have made some more extensive analysis on this strategy and decided to stick to my short volatility strategy based on my situation, I don’t regret...
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    Thanks for your advice. I am not launching a fund yet, neither do I do solicitations. Also I actually have an attorney already; he specializes in hedge fund launching, and is advising me how to handle things. Thanks again.
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I guess you would not expect me to lay out all my strategies here on elite trader… But yes, short VXX was profitable and so were some other fixed income and dividend strategies.
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    MONTHLY UPDATE MAY 31 REVIEW • Personal account values as of today’s close was $732,387. • Incubator hedge fund: values as of today’s close was $110,231 • I have had some questions from the forum regarding difference in performance between personal account and the fund. It seems...
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    MONTHLY UPDATE MAY 31 • Personal account values as of today’s close was $732,387. The account value in the beginning of the 2011 was 569k, a profit of 163k year to date which is around 28.7% return year to date. Below I have also included the monthly results since I started this thread...
  10. L

    Is this track record good enough to attract new capital

    What’s your account size? 2 million account size would carry much more weight then a 25k size…
  11. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I am not sure I understand your question? Are you asking what’s the maximum loss I could possibly have?
  12. L

    My account value reaches $600,000 for the first time; launching incubator hedge fund

    Silver has become extremely speculative; SLV volume has hit all-time record of 217 million today.
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    I am trying to use the exact same strategies for both accounts. However I am allocating the positions over time and not at once. The incubator is still around 50% in cash and hope it would be almost fully invested over the next 6 months. I was considering to maybe using a slightly more...
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    The issue of audits has been discussed several times on this thread. As I mentioned in previous posts I am not using an auditor now during the incubation period. When (and if..) I decide to launch fully the fund it’s at that point that I will have all the past performance audited...
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    MONTHLY UPDATE APRIL 30 • Personal account values as of today’s close was $711,869. The account value in the beginning of the 2011 was 569k, a profit of 143k year to date which is around 25.1% return year to date. Below I have also included the monthly results since I started this...
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    As long it’s in the incubator stage you wouldn’t need any official audit. When you are converting to a full fledged hedge fund, it’s at that point that you will want to have all the past years audited.
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    My account value reaches $600,000 for the first time; launching incubator hedge fund

    Zouy200, I want to compliment you on your comments, very thoughtful and constructive. Regarding your question on my Q1 performance, VXX is “less” then 15% of my account value, and is not the only aggressive strategy I am using. There is probably another 6 strategies that are being used...
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