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Frankly I wouldn't do either of the suggested. If you have a 500K account, that is plenty enough to trade as a personal account. If you would like to trade OPM and you have a rather good strategy, create your own hedge fund. There is no point in going to see a hedge fund or a prop trading firm.

You have a donkey? Now...Why am I not surprised.

Guys, it wouldn't work anywhere, first of all because it would disrupt the balances of supply in demand in such a way that it would make our lives completely miserable. Who would have the incentive to send medicine accross the world if they were capped, who would want to make new cars...

Guys, Any of you guys use a particular model to incorporate stochastic volatility in models used to value commodity options prices (especially Gold but not limited to). I'm not sure which model I should use that would generate decent results. They are OTC options and hence cannot be...

Hence the volatility smile...

SIG is a solid company, a few come work at SAC.

You guys are forgetting my good friend Ari. He writes some good books too. Ari Kiev is the name.

You at a prop shop nitro ?

I do not like the CPI as an inflation gauge, Greenspan also has denounced its limitations, he prefers consumer expenditure as a measure of inflation. The CPI as it is calculate does imply that buyers of TIPS are getting ripped off like crazy. I don't know if they are fudging the numbers, that...

Come on guys, a bloomie is not that expensive, it's like...what, 1500 bucks a month before real time exchange fees. It's really worth it. and if you type MAG <go> you get the electronic version of the magazine for free! Now isn't it a good deal...

Forwards and spot are pretty much the same thing except forwards are typically used for long term bets on commodities. (Currencies included), They are priced based on the yield curve for the particular currency's risk free rate of return. When you trade the spot market, you are typically...

Exactly, most traders at large hedge funds must have their orders worked by the execution desk. You think SC actually places order for stocks himself? Come on. Maybe on some indices cause he feels like it but most of them have to be played with a longer time frame in mind. So when you make your...

Reread my comments. It was not vs inflation but vs exchange rates. I was just saying that owning commodities is a way to hedge against currency risks. Owning gold is just like owning swiss francs in a way.

We are getting way off topic here. The question was not, what is my risk adjusted return, it was what is my return. We could discuss Sharpe Ratios, Sortino ratios and the likes on another thread if you would like, I do not disagree with you saying that leverage is more or less dangerous. Every...

That is incorrect. If dollars fall, gold rises. Your best bet to hedge yourself against depreciation of currencies is to own commodities. Since gold is priced in dollar the fact that you are 50% hedged (if that hedge were even possible) you wouldn't have to worry about dollar depreciation. If...

It isn't true, I was confused as to the intent of the question asked. In absolute returns, and in accounting standards, returns as you will see them posted on most financial statements are based on Net Asset Value, or money under management. Now to return to the question at hand, it seems...

Big phat bong is all i gotta say.

Basically, you have to talk in real rates of change. If you want to put 50% of 100K in a money market in dollars; you have to: 1) Take the nominal interest rate you receive on that money market, substract the YoY CPI, this will give you your real rate of return on that particular leg of the...

You forgot to get a locate on your short? That's bad news, you have to take the heat on that one unfortunately, buy back the outstanding short balance as soon as possible.

Depends on probabilities, they eventually will happen, just like LTCM went down hard because they didn't take into account the mere possibility that Russia could ever default on its debt. That's just overlooking the possible. Anything can happen Candle. You gotta be optimistic though.