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so are there any traders out there from the Boston area? i know many traders here, but am always looking to hear about new groups. Pete

word of mouth sounds crazy, but its true. you cant "sell" to someone that has not already informed you that they are interested and able to invest, which is the big catch. what you can do is offer that you have a fund that is open, but that anyone interested must contact you to first qualify...

you can determine that in the docs. usually there is some time that you can say that there is a "hold" on the withdrawl of funds. pretty easy to do and most hedge fund investors know that they are not meant to "buy and sell" in and out of hedge funds - they are giving you the money to go to...

go easy with advertising since you cant "mass market". all potential recipients of advertising must be accredited investors so must be qualified first. Pete

contact your CPA, they can help you set up all the paperwork to form an LLC, that way you can deduct all expenses related to your new business. also, you cna check out the web for your local state gov. to find the actual regulations in your state to do it on your own. its much cheaper that...

5 mil profit ???????? no, fee ON 5 mil... 1 - 2% on $5,000,000 = $50,000 - $100,000 Pete

i found that you can accomplis the same goal (of trading other's money) by setting up an LLC to lease your trading to others for a fee. that way you dont have to go through all the red tape just to be called a hedge fund. Pete

bottom line is, you have to trade your own money to realize what it is like when you make mistakes. start small, trade consistently (not just a few days a week, you must trade every day) set high goals, but that are attainable. once you get a track record, then branch out and let people know...

there's nothing wrong with getting into a trend after its started - typically its the only time that you can! how often do you actually get the exact top or bottom? you just have to keep it in perspective though, dont 'chase' trends with limit orders, just get it or move on and only enter on...

of course its possible to make huge gains on options, but the real moeny (not just from one trade here and there) comes from selling premium. besides position trading, i can usually clear about 6 - 9% per month just by selling out of the money spreads (not naked). its doable, but takes much...

its possible to get someone to check your system out first, even before you go with it live. its a good idea since most first-time "testers" can weed out the small gloitches that even you would not see (to give a difference perspective is all). just be sure that the person that you're letting...

you'd think that it would work that way, but not. if only you could take that crapp system and make it good just by doing the opposite of what you wanted to do in the first place! ha ha Pete

will do too then. talk to you soon Pete

i agree with you and congrats if you are trading the method well! i am always looking to see if this stuff can be translated into EL so that i can do better analysis on it. sounds like you're just using it as a guide and not actually as an objective "system". hope to talk to you more about...

bobcathy, i have finalized the TS easy language to trade exactly on the parameters that you told me to set up and the system 'consistently' looks horrible. if you change the settings each day to make sure that things look like they will work your way, then you're fine, but the point is to find...

actually, i also trade this type of "system" with a longer term setup, it really takes a lot of the choppiness out of a day like today. have been short since 827.75, the open of the 10:25 bar. have you ever seen the hypothetical results of this setup on a trade station report? i am working...

so if i am looking correctly now, we've had 10 different crossovers already this morning before 11:00am of the 5 and 15 EMA's? Pete

so im a little confused? i set up my charts correctly (so i thought) but when i compare to your .jpg files (your chart setups) they dont look the same at all? i am using 5 minute bars, with 5 and 15 bar EMA's... Pete