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  1. PoundTheRock

    Finally, someone RIPS Cramer on CNBC

    Predictions without expiration dates are useless.
  2. PoundTheRock

    Shall we be too hash on IB?

    Brown or brownie? I'll take the latter.
  3. PoundTheRock

    the life cycle of hedge funds

    Funny you should mention this... the big boys want to see the name brands but your regional accountant specializing in partnerships and smaller hedge funds will probably do a much better job. We went to one of the majors and they put some idiot newbies on the account who f***ed up some of the...
  4. PoundTheRock

    Why does it seem that good traders go to futures market?

    It's the pure market baby. No screwing with specialists, market makers, inside info, low floats, wide spreads, all the sh*t that can screw up one's return.
  5. PoundTheRock

    the life cycle of hedge funds

    The auditor / accountants would have something to say about that. The fund managers would probably be up on embezzlement charges in a matter of weeks. All contributions and withdrawals are tracked to/from the LP account. If you're going to invest in a hedge fund, give the accountants and...
  6. PoundTheRock

    Handling Skepticism from Loved Ones

    Your posting makes me think that you won't succeed if you're that sensitive to other people's feelings regarding your career choice. Unfortunately, this is going to affect your trading adversely.
  7. PoundTheRock

    Professional Trading Tour

    Do you make money trading? C'mon, be honest - it's okay if you don't. :D
  8. PoundTheRock

    Do you pay Health Insurance out of your profits?

    vanilla: I started with NASE (they hated me because I actually had to go to the doctor once in a while) and ended up with Aetna. If you have an LLC or any other kind of company, then you should be able to get a corporate plan with them. So far so good...
  9. PoundTheRock

    Hershey's Equity thread

    Don't use the absolute float as a criterion. Divide it by a 10-day volume average to get the percentage of float that is being traded. I look for an acceleration in this "float percentage" number to identify stocks that are appropriate for momentum trading systems. Set a minimum threshold to...
  10. PoundTheRock

    erroneous trade by Goldman Sachs?

    I hope we go to the highs of the day again - someone seems intent on killing the golden goose :D
  11. PoundTheRock

    erroneous trade by Goldman Sachs?

    Yup, hearing the same... hope there aren't too many of these "mistakes" because we wouldn't want to shake the confidence of the market, would we?
  12. PoundTheRock

    Starting a Hedge Fund

    What you're missing is the advice of a serious hedge fund attorney. PM me if you want one who used to prosecute cases for the SEC - he's the one we use, and he's set up many on the Caymans. I could not agree with Dr. Z more. It is not a game of roll-your-own. PTR
  13. PoundTheRock

    Times

    Depends on the market volatility... the less volatile the market, the later the breakout, i.e., one tends to get whipsawed chasing the early ones. You'll note that in 2001 and 2002 that many of the opening ranges (for example 30% of the ATR) were broken within the first fifteen minutes. Lately...
  14. PoundTheRock

    Starting a Hedge Fund

    It is.
  15. PoundTheRock

    CPST and CHLD: freak coincidence?

    Attached is the CPST chart...
  16. PoundTheRock

    CPST and CHLD: freak coincidence?

    Okay, I have to admit being a bit freaked out about some of the power generation moves before the outage. Yesterday pre-market, CPST was getting some block volume, and then I saw this today over at Street Insight: "Take a look at the stock of Chloride Group (CHLD:London), which trades across...
  17. PoundTheRock

    Is CNBC on the Federal Payroll?

    Does Fleck still tour with Loverboy? He was great. (See if you can pick him out.)
  18. PoundTheRock

    Market Maker IDs: C & P

    http://www.nasdaqtrader.com/trader/symboldirectory/symbol.stm MP Type Legend A - Agency Quote C - ECN E - Exchange M - Market Maker N - Non-Member O - Order Entry P - NASDAQ Participant Q - Query Only S - Specialist
  19. PoundTheRock

    ETF (Sectors) swing trading

    I check this daily to get a feel for ETF liquidity... http://quotes.nasdaq.com/asp/ETFsSector.asp?Selected=4&COL=5&SortType=1
  20. PoundTheRock

    Professional Trading Tour

    What kind of crazy question is that? Professional traders just love to tour. When hedge fund managers wake up each morning, the first thing they do is check their calendars for any must-attend dog & pony shows. :D
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