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Not just long-term. A trend follower tends to relies on a few high r:r winning trades for profitability that pay for all the losers and then some, has a very high r:r and a low %. A range trader that takes profit quickly has a lower r:r on the winning trades and therefore needs a higher % to...

Damn. Any links to this info?

Is there a performance tracking site for fx traders that interfaces with IB's platform? ForexFactory trade explorer and myfxbook.com seem to only support Metatrader.

Then grab yourself an account over at http://myfxbook.com/ fire up that bad boy and show us the pips. :D If you can replicate in a live account what you are claiming above, you will not have to worry about building a business / getting clients, etc. Simple as that.

I have been looking for a performance chart for Galtere's hedge fund performance http://www.galtere.com/ Anybody have a source?

Because he ultimately blew up.

Why does one say that a liquidity provider (placer of the limit order) "earns the spread" while the liquidity taker "pays the spread"? Other than getting at least a partial order filled at an exact price (limit) vs. getting an entire order filled at the market price, I do not understand...

Boosting your returns with insider trading or blowing up when when a bear market nullifies your "value" method is a pretty big flaw considering they are listed among only a handful of wizards. The question is: What % off their return had to do with real skill, vs . cheating or luck?

Adding to the list of traders who have been charged with insider trading or who simply blew up is now Steven Cohen, who was featured in the Stock Market Wizards book. In fact, in this same book, one trader blew up (Okumus) and another was charged (Lauer). How many more "wizards" will be added...

It seems to me that without having used a lot of leverage their ROI would have been in the single digits. One of the managers even commented that their returns were the result of gathered pennies. This seems very similar to the incremental profits of a short vol strategy. Is it fair to conclude...

Could somebody please explain the following sentence from the zerohedge article? Why would a sliding EUR mean redenomination risk and how did the Japanese carry trade lessen this risk? "...the ECB is intent on actually lowering the EURUSD, because unlike last year, there is no (immediate)...

I am trying to understand this from a more theoretical possibility. It is clear that a trader cannot hold onto volatility without the position decaying in value. This would mean that there would be an constant unexploited inefficiency in the market. Is there a brainier explanation that delves a...

So, why not become a CTA instead?

Does anybody have a good list of trading classes like the ones offered at tradingacademy.com ?

Yes, whenever you pool money, that's where the regulation kicks in and it's going to be expensive as well. A CTA structure is much simpler! Are you sure you can't trade stocks as a CTA? Check out http://www.hedgefundlawblog.com/

My point is that you don't need the amount that is being raised (let it be 2 mill) to get the tech infrastructure going. Look at 37signals-- no seed funding needed there.

It seems to me that the entire point in creating an online software solution is that it can scale and starup costs (programming, network admin, etc) are fairly cheap in that even 100,000 USD can go a long way. Why is it that then that there are tech startups raising 100 millions? What is this...

Even assuming that vol is overpriced, with naked vol selling you are still exposing yourself to a huge DD if a shock event takes the indexes down in the first days/weeks of your program. You are essentially getting exposed right off the bat to equity-like DD when the entire purpose of selling...

Most noobs would buy the high, because they see price go up and it makes them feel comfortable as it gives them confirmation. This gives you a hint as to what the pros do and what a possible edge could be based on...

LJM Partners is hedge fund that sells options. Are they gambling or do they have an edge? Over time they seem to win in all their strategies and beat the S&P. http://www.ljmpartners.com/performance-history LJM Preservation & Growth Strategy LJM Moderately Aggressive Strategy...