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Yay! Here's the CFTC press release: http://www.cftc.gov/opa/press04/opa4886-04.htm

What do you like about it?

My down-day theme song: Que sera, sera. Whatever will be, will be. The future's not ours to see. Que sera, sera. What will be, will be. Hit it, boys...http://www.geocities.com/EnchantedForest/Cottage/3192/Quesera.html

Here's an example hedge fund position I came across. I've removed the name because I don't know whether the company would want me reposting their ad. This ad came from the AIMR Jobline. (AIMR is the organization that awards the CFA designation.) The Jobline is only available to members, I...

*smile* Excellent! And like TA, "past performance is not necessarily indicative of future returns". :) Btw, what is a "bulge" bracket firm, Running_bare? What does the bulge refer to? It sounds like people there need to go on a diet!

Thanks for the news, Ktm. How do they differ from Eurex's Euro Stoxx index future?

Managing a hedge fund is a whole business. There are many different positions at a large hedge fund manager. Do you want to be a portfolio manager or securities analyst? An accountant? A trader? A compliance officer? A technologist? A programmer? I haven't seen many hedge fund jobs...

Compute your percentage returns every day (or period between withdrawals) as trading profits / account value at the beginning of the day. Then take your daily returns and compound them to get your return over larger periods. To compound returns, add them to 1, multiply them, and subtract 1...

Interesting theory! How does your friend project an image of success as a beggar? Where a suit and tie and stand up straight?

Congrats on your profits, Heilbronner!

Just one more thought... Joe mentioned the LLC, but you might find it easier to set up and maintain a general or limited partnership. Not a lot of difference between partnerships and LLC's and they are both pass through entities for tax considerations, but you should look into which suits your...

CTA registration has recently gone up to $200. And there's also the $85 principal fee (up from $70). If you have had less than 15 clients during the past 12 months you are required to register and become an NFA member if you generally hold yourself out to the public as a CTA. More...

If you want to use the Reg. D exemption from SEC securities registration under the Securities Act of 1933 you are indeed limited to no more than 35 nonaccredited investors. If you have any nonaccredited investors you'll need a prospectus. If you want to use the Section 3(c)1 exemption from...

Thanks, Joe. You are always so thorough and knowledgeable in your work!

Thanks, Nitro. Your PM mailbox is full and you don't have emailing enabled. Here's what I wrote to you, please PM or email me... Hi Nitro, Yes, I'd like to get your input. Thanks for offering. In automating my trading, a big risk that I'd like to minimize is that my internet...

I am considering a colocated farm because I would expect it to have a better internet connection than my office DSL line. Don't you think the internet uptime would be an advantage of a colocated farm versus DSL? My DSL goes down on occasion. It's not a problem for manual trading, but if...

The correlation between profit and minutes held? If that is true, then that is interesting. It means, in general, the longer you hold a trade the less profitable it is. You should look for a cause and effect relationship. Are the longer trades less profitable because you held them so long...

From the stdev being greater than the mean, we can deduce that you had mostly pretty short trades (a few minutes) and a few rather long trades (an hour or more). Unless you are doing a hypothesis test of some sort, there is no "p-value" that you are testing the significance of. So, I'd say...

http://sci.vu.edu.au/~drw/ranClass01.html

You need earned income to contribute to a qualified retirement plan. Do you (or your spouse if married and filing jointly) have any wages? All your sole proprietorship trading profits will be capital gains on your Schedule D and you cannot contribute these to a retirement plan. This is...