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I didn't start this thread. Someone must have been inspired by my original post.

yup, and the real grail is identifying the subverted doings of the bid/offer moneymasters and not playing to their game.. Moo.

That's exactly what my former prop broker said when I told him I'd like to just take 1 trade every 2 weeks from here on after trading 50 million shares the year before and giving up thick 6 figures in fees.

If you are only involved in trades that have a 70% chance of success which is less than the fat pitch, you will still make much more than trading every single day. There are tools to determine these probabilities. Funds such as Steve Cohen and most of the fund universe can't be in 100%...

Billy Beane was featured in the film Moneyball who proved he could win big with a team payroll 1/4th of the NY Yankees just making statistically probable player and coaching decisions at opportune times. I work for a stat arb firm and realize I was trading blind for the past 5 years trying to...

There are simple indicators that work 100% of the time. ie Mcllellan Oscillator thresholds on big market corrections. This is one of quite a few that have high probabilities but extremely rare. But if i can find conditions where i only trade with even a 70% chance of winning, I'd outperform...

It always looks abnormal and "different this time" at the trough

A trader who has successfully traded long enough can easily identify the fat pitch but they are rare which is why I say 10 winners a year. Most trades that an active trader takes have poor risk/reward and they know it but still participate on a nearly hourly basis because of the fear of not...

The grail really is to not trade at all most of the time. There are 10 grand slam fat pitch over the plate trades a year. If you only take those, you will have outperformed nearly everyone. Reason why most fund managers underperform their indexes is because they are always involved and too...

Sorry I replied to the wrong guy. Was meant for the original post

Yes. Don't do it. Only consistent strategy long term in option spreads are thru vertical and calendar spreaqds.

Another thing, raising AUM has little to do with performance. It's like the food services business, ie restaurants. It is 99% marketing, pedigree and bs hype. You might cook the best food but you probably will make no money opening a restaurant.

I'll save you alot of time and trouble and tell you.. Don't Bother. Hundreds of succesful traders have gone this route and nearly everyone has failed, not because they did not perform, but because starting a fund with such small AUM will never amount to anything. Funds now charge 1% + 15-20%...

I know daytraders managing $5million who have >6 Sharpe. But it isn't really a fair comparison. Sharpe was developed for money managers managing at least $20m. The lower your assets, the easier to get hi sharpe. So if the guy who originally posted this thread wants to maintain a high...

This reminds me of 1995. Job market was as bad as this. It's cyclical. At some point, companies cannot compete unless they hire and then they overhire over 10 years and then we repeat everything.

There's oil everywhere. Like on your scalp. Drill that.

They start subscription based E-mini and stock advice websites with colorful charts on market direction and hundreds pay for it and lose $.

I think people bitch most on oil commodity than other commodities because it is true that much of it's price inflation IS bullshit. People know oil is run by a consortium of liars who press the peak oil theory every 30 years. There is enough oil out there for a million years. Now they lie...

I post for a friend, does anyone know a company that will take new accounts without a registration? PM me.

I've been to Russia. It is NOT wealthy. it is an oligarchy where <.0001% of the population owns 99.999% of the wealth.