I feel like the only thing that is unbelievable is that the SEC/CFTC literally have no bigger fish to fry.
It'd be fantastic if another Madoff were uncovered during the course of prosecuting Navinder, to show (yet again) that the regulators truly have no idea what they're doing.
This case is such complete and utter horseshit.
5 years after the "flash crash," and this is the guy they're holding up as its poster boy? lol, really, this is THE BEST the SEC and CFTC can do?
They're going to crucify this kid for no other reason than to pat themselves on the back, and show...
Also, what if nothing is wrong, and these are just the ebb and flows of your strategy? If you're executing well, maybe the volatility in your equity curve is just the price you pay?
Let's fast forward a bit to 1000 round turns completed, with an average profit of 1.5 points/round turn. Is it at THIS point that one could say this strategy has an edge? And if so, why?