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An LLC entity can either be member-managed, or can hire or elect a manager, or even specify certain members as managers for a specific purpose. One option would be to create a single LLC where you are all individually members, where each of you have a separate economic interest in the trading...

Murray, As Cache indicated, the primary LLC entity elects to be taxed as a partnership, such that the profit/loss is passed on to the respective members. Is there a reason that you want to have multiple LLC entities as opposed to a single LLC entity where you are all members as individuals...

Sailing, Some recent pricing information that might help you: Single-Person LLC w/1year Accounting: $1000-$2500 Multi-Person LLC w/1year Accounting: $2500-$5000 Small Hedge Fund w/1year Accounting: $10,000-$25,000 Large/Offshore Hedge Fund (Legal/Entities Only): $25,000-$150,000...

I think you are saying "you must control risk", while the previous poster (Ripley) was saying "you must be scared of risk". My point is that one cannot be scared of taking risks and hope to succeed as a trader. Trading is risky, inherently. The succesful traders I know are aggressive...

You could not be more wrong. Excess returns are not possible without risk, and successful traders have an appetite for it. -segv

You have little chance of succeeding at this venture, so why even try when you are under pressure to make a living? Why not start a small business in your profession with your trading capital? Invest in something that you already make money doing, something that has a reasonable chance to make...

Hire a programmer, or learn to program. -segv

A mild recession in 2001, was it? Over 800,000 jobs were lost in a 50 square mile area where I live. The State of California had to extend unemployment benefits twice, while Stanford MBAs contended with each other for Barista positions at Starbucks. Buildings that were newly built in 2000 and...

Anyone else notice that the results of the poll look like a normal distribution? :) -segv

Thorp's "Beat the Market" book was written prior to the existence of the option exchanges, so his initial strategy was based on warrants. His first hedge fund was Princeton-Newport (1969-1988), which averaged a 15 percent rate of return. He founded his second fund , Ridgeline Partners...

By all means, pay for the extra processor if it makes you feel better. As for me, I know empirically that it is not worth the risk or the money. And yes, there is additional risk with the multicore/multiprocessor code path. -segv

There is a lot of misinformation in this series of posts. I would say that the common reason that a trader has more than one processor is that they are misinformed. The majority of performance problems can be attributed to poorly written software. If the software is poorly written, a second...

The book "The Handbook of Pairs Trading" is innacurate, incomplete, vauge, poorly written, and ultimately fails to define a pairs trading strategy. The first three chapters are a bad summary of fundamental analysis, technical analysis, market-neutral invsting, and arbitrage. The author then...

This is a terrible book - do not waste your money. -segv

I suggest not using technical analysis to trade. -segv

Why try to "solve" an artificial problem with stronger enforcement? Remove the egregious taxation, and there will be no motivation to evade. There are over 17,000 pages of Federal tax code. Are you SURE that you are complying as we speak? If not, stronger enforcement might not be such a...

And I lost a wager with a Leprechaun last week, believing that the guy at the end of the bar was not really Elvis. -segv

Many funds have market-making operatings that augment their primary strategies. -segv

Joshua and Noah, Let me be the first to say that I fully support your model, and I think that it has a great deal of potential. I maintained an Opentick account as recently as two weeks ago. I cancelled because the performance became unbearable for even research applications. Even...

There is a Java wrapper API for Esignal. Alternatively, its easily accessed in C# or any of the other .NET languages. -segv