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You have to take the follow situation of an FOF investor: the investor gets a double whammy on the fees. Say you raised 10MM. You distributed it to the managers and the net return for the year was 2MM before the managers took their 20% fees. So the net return for the FOF is 1.6MM. Now the FOF...

On the contrary my year has been pretty darn nice ;). My track record isnt as long because well I havent lived that damn long yet haha. And I really dont think 48% drawdowns are acceptable. There are MANY other players in this game that return levels higher than Henry and Dunn with MUCH lower...

Notice how Dunn and Henry are in DEEP drawdown now. I am great at losing money for my clients, I dont need some third party individual to lose my clients money. Most people who start CTAs to trade believe they have a superior system. Henry and Dunn dont have some magical system that makes...

Yes I have actually. I have had experience talking and knowing people in IBD, flow S&T, risk management and the buy side. I understand that that can happen due to the ridiculous hours. But do you really think their stress is that much. A trader has to undertake ridiculous stress. His entire...

Typically C++ although there is a growing number heading off to other languages (ML family being one that is growing influence-SML, OCAML). I am no programming guru (far from it). My only problem was the fact that the poster i replied to had no idea about the value of quant and quant traders in...

Total P/L FX: +$3522.00 Total P/L Equities: +$1102.87 MUSAW closed up Friday for a small gain. Nothing too major. I am going to bump up the leverage on my FX account this coming week. It seems I will have some free time so I can monitor the model enough to trade at a higher risk setting. I...

There are quantitative funds making multiples of what Livermore made in his lifetime. And this is without blowing up multiple times, filing bankruptcy and committing suicide. And they have a better life to boot.

Receiving a bunch of PMs regarding actual % returns. Basically I started with 2K then added 500 and then added 3K more around 2 and a half weeks back. This means a total deposit of 5.5K to the brokers. Profit of 3522 on that starting capital. Thus Total Return FX: +64.04%. Hopefully we...

I know of an out of guy at a macro firm in Chicago. Package 140K guaranteed+performance based year end bonus. Keep in mind this guy is exceptional (top schools+trading since mid teens).

You cant just judge the entire industry based on a few individuals. Some of the smartest guys in the industry are there. It may seem easy to manage a company being a bystander. However, its a different story when actually doing it. Its kind of like trading....when you are demoing it seems like...

Even if they are billed low rates tell me of a job other than consulting or ibanking that offers rewards in the 75Ks to 22 year old college grads with quite a bit of job security? There are almost none. They hourly rates may be low but how many corps are willing to pay these amounts. All jobs at...

No first year college kid is sent. Usually a team handles the problem. These consulting firms are actually very important to industries. Not everyone is born as Jack Welch so you hire a management consulting firm. If they were so useless then they wouldnt exist. I bet that most of the folks...

Thanks JR27. It really has been a very ranging week. My system is very unique as it incorporates both mean reversion as well as trend trading techniques. It takes advantage of trends but not as much as say a traditional trend follower, but during ranges it churns out money as well. Hope it goes...

haha indeed. Anyways man keep it up. At the rate you are going 30% should be hit by you nicely.

Haha thats how they are. Whine when you lose ("why are you losing?!", whine when you win "Why arent you winning more?!".

Very nice trading B. Healthy 10%+ return already.

instead of an MBA its better to get a MA or PhD in mathematics or finance.

Here is a pic of the account balance and equity:

FX account hitting new highs. Equities basically stagnating. Hit the 9K+ mark on the FX account. Nice gain on it. Looking to close off MUSAW positions soon (before this quarter). Total P/L Equities: +$1086.87 Total P/L FX: +$3522.14

These guys are the flow traders (aka they execute client orders with minimal slippage and make money with profit). Not the prop desk at GS and MS.