Does it matter? I think lescor has been around the block long enough to know what is possible in this business. Stock day trading is not scalable but it seems that there is less competition in this area.
Julian, if you want some good info on automated trading, check out the Geronimo system over at evilspeculator.com
Heck, if the guy takes a liking to you, he might even take you under his wing. Give it a try. :)
Anyway, ignore that last post, just messing with ya. ;)
Willing to share your weekly/monthly/yearly equity P&L for your discretionary trades? I believe most of us have a lot to learn here. :)
Much of the liquidity is hidden and not available electronically. Most hedge funds that trade options have somebody on the floor. Believe it or not having this connection can get you filled faster than via an electronic platform.
<a href="http://media.photobucket.com/image/recent/thepotatofamine/GraceKelly.jpg" target="_blank"><img src="http://i935.photobucket.com/albums/ad195/thepotatofamine/GraceKelly.jpg"></a>
A face that makes me want to go back in time...
What is the minmum rate of return per anum that deeper pockets (100,000 USD+ to invest) are looking for?
Also, how long of a track record would be needed of said rate of return?
They sell options on S&P futures and lost 50% in 2008. They claim to use a proprietary risk management and since the large DD have amended their VaR models.
http://ljmfunds.com/english/history.php