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Actually, the compensation is half of 2/20, so a $100k allocation would be $1k + 10%. Obviously, a trader cannot live on that even with a 100% return. What RAPA is offering, in theory, is a chance to be "discovered" by showing a performance that is tamper-resistant. There are prop firms...

I looked at portfolio margin when they first offered it but decided it didn't work for me as long as I was mostly long stocks. I think it works better if you're both long and short. You can experiment with pmdemo/demouser.

Can RAPA download trading history, or do you only collect history going forward? If you can download history, how far back?

I see that both RAPA and Gleneagle are Australian entities. I expect that traders working with RAPA are subject to Australian regulation. But like most ETers, I am located in the USA, and I am also subject to USA regulation regardless of where my clients are located. Does RAPA provide any...

Half of 2/20 is a lot higher than usual, but RAPA is providing a service that appears to be quite unique. It is not clear to me at this point what that service is worth. But I do know that it is very difficult to get established as a money manager, especially for someone who has no financial...

I was speaking from my own experience both in and out of trading. About 20 years ago I had the benefit of an apprenticeship with a legendary trader. After about a year and a half, I registered as a CTA and went looking for allocations. My mentor's advice was to go on the lecture circuit and...

This is something I have been saying for a while. A person can be a good salesman with a basic understanding of conservative risk management and do quite well. But a pretty good trader who cannot sell has no chance. I am a slightly autistic geek with no social skills, so becoming an...

I had a butterfly in CLX12 centered at 92 which expired yesterday at 92.04. That makes the middle call ITM and the put OTM by 0.04. It is my understanding that traders can enter contrary instructions up to 2 hours after expiration (i.e. 4:30pm Eastern). I noted CLX12 trading crossed the...

You should be aware that there is a lot of age descrimination in information technology, especially programming. A programmers marketability tops out between age 35 and 40. After that, the he/she is expected to move into management or be counted a loser. There may be exceptions for the top...

The term "social need strength" (SNS) refers to the need to interact with others on the job. It sounds like your SNS is higher than what you get from trading. Either that or your system/approach/style is not as good as it needs to be. There is nothing like losing or even breaking even to sap...

I am always on the lookout for ideas. Sometimes I find them in the most unlikely places, even on ET. :D As they say: There is nothing new under the sun. But I have also found that I have better outcomes when I do my own thinking. There is nothing wrong with considering other peoples' ideas...

The weekly oil report that comes out Wednesday at 10:30am (Eastern) often moves prices.

Expiration is 2:30pm (Eastern), but be advised that longs have until 4:30pm to enter contrary instructions (i.e. exercise). Options that are in the money at 2:30pm are automatically exercised. The spike down about 40 minutes before the close was apparently unprecedented. There are rumors...

You can set a max order size in points or percent to protect against fat-finger errors.

In your example, the two calculations are far enough apart to indicate that one is probably wrong. Do you know which one?

You have no position assuming the exit trade is the same symbol, expiry, strike, and exchange (i.e. same everything). If anything is not the same, you end up with two positions, one short and one long.

If you're concerned about privacy online, you should be aware of browser fingerprinting. Here is more info: http://panopticlick.eff.org/

Can you provide more info? The benefit of comparing one's performance with that of other traders is to see what is possible/realistic. The disadvantage is the biased database. Many good traders, and almost all losing traders, do not share their results.

I download my daily and monthly statements in an XML format Excel can read. Then I copy the "Trades" section into an Excel spreadsheet and save that.

The only difference between Fukushima and the other GE plants is who is regulating it [or not]. I agree that cost, not safety, is the impediment to greater use of nuclear. If we deregulate nuclear, as many have urged, that would likely make it cost-effective. My biggest concerns with...