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yeah, maybe it'show i say it. But if you or anyone has been reading my postings on ET, you guys would know my intentions are all good. perhaps, i need to learn to reword my sentences...

ROFL!! This is so silly. trader99

Maverick74: dude! FUCK THIS! I've been one of the BIGGEST CHAMPIONS of the prop trading model on this board. In fact, I LEFT The institutional to try my hands at this prop trading because I believe it's the PUREST form of trading - i.e. no order flow bullshit, no clients hand-holding, it's...

Here we go again!! Do you even read my posts?? People just like to take things out of context don't they?! I didn't say small size = dubious. And I definitely didn't say education= trading success. You should pick that fight with STATTRADER not me man. LOL. What I meant, which several...

Darkhorse: Here we go again! I'm NOT saying that education is correlated with trading skills. Nope. I've repeated said that those 2 things are loosely correlated on this thread. Anyhow, what I'm saying is these shady operators had NOTHING. fake records. fake education. If you don't have an...

No, I think working for a GOOD hedge fund should be on your list of goals! The problem is that a lot of shady operators open up a small dubious $1-$5M shop and they call themselves a hedge fund. I mean baloney. It's ok if you start out small because everyone has to start somewhere. But they...

Citi bankers quit to launch FX hedge fund 2 April - Citigroup’s former global head of proprietary trading, Patrick Hall, is launching a new macro hedge fund with partners John Banerjee and former Citi economist Michael Burke. The new fund, Magi Capital Partners, is set for launch in Q3...

For once, let's try to get back to the original question posted on this board. Here's a sample of recent job postings at a hedge fund website looking for market-neutral traders. This is what they are looking for... __________________________________ Quantitative Market Neutral Traders...

darkhorse: HAHA. LOL! You are funnie. ALmost made it worth it to read ET threads. I think this scenario fits more for DARKHORSE VS. STATTRADER since both of you have been at it for a while. rofl trader99

Maverick74: No, I think YOU MISSED MY POINT. If you read all of my earlier posts, I EXPLICITLY stated that there is very very little correlations between education and trading success. I was merely commenting on some other stuff since this thread as veer way way off its main discussion...

Well, you gotta understand that wealth is relative right? One person's richness might be another man's poverty and vice versa. But Stattrader's achievement is still laudable in an institutional environment. Not everyone is George Soros or Bill Gross or Warren Buffet. I think his point was...

Don, I would tend to agree. A $1M is peanuts when the prop firm allows the trader to trade with $1M on $25K down right? And there are hundreds of traders. So I would imagine at least $100M for safety. is that what BT has in reserves? just wondering... trader99

Well, trading in its purest form is very difficult. Earlier, I've posted whether I should stick with prop trading or go back to institutional. I guess prop trading gives you a lot of freedom but at a price. There's no free lunch. trader99

Hmm.. I hope it's NOT a war between inst. v daytraders or whatever. Because it's kinda comparing apples to oranges. But anyhow, I think a LOT of ppl on here are missing the point. It's NOT about $$$. I mean sure money is great and in way it reflects your performance. But TRULY great traders...

Maverick74 wrote:"I'll take the guy trading from his house. Let's see the Harvard Ph.D. who has been taught efficient market theory by the professors who can't hack it in the real world and who has spent years on Wall Street on a sell side desk earning the spread on his trades and passing that...

Yeah, LTCM's head guys like Hildebrand were so full of themselves. Hubris has a way of coming back. I guess if they ventured far afield from their areas of expertise - fixed income arbitrage or relative value plays. They started doing equities stuff like risk arb, and short vol etc. gosh, stick...

Yep. In fact, most quant hedge funds are VERY RISK ADVERSE! They try to earn steady , very quantifiable returns... In fact, even the strategies that LTCM used was actually relatively safe - relying on mean-reverting types of arbitrage. It's just the leverage got out of hand.

haha! Have you read the book "When Genius Failed" it's the story about LTCM. Very good book. Another classmate of mine worked at LTCM. Anyhow, just for correction. Niederhoffer didn't get a phd from harvard. he went there undergrad, then got an MBA from Univ. of Chicago. Anyways, that's my...

Vulture wrote: "I agree w/ the spirit of your post. You are absolutely right that the big money does not want big returns, they are more concerned w/ capital preservation. I know someone at a $900 million fund out of Minnesota, and their target is 15% a year. Sounds ridiculously low until...

haha. Exactly. My college friend from the Ivy League school that I went to is working for Citadel now after spending 5yrs at Solly's credit derivatives quant! And DE Shaw comes regualrly on campus. My old quant firm, my ex-boss has a phd from harvard in math. And my other colelagues had phds...