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  1. formikatrading

    Starting a hedge fund

    Fund performance is important, but volatility, correlation with benchmarks and maximum drawdown are all important considerations as to whether you can attract money. Also, is the methodology scalable -- in other words, how big can you get before you lose your edge?
  2. formikatrading

    Career Advise Needed...Which Avenue to Take?

    I think you're going in the right direction with the CFA. Granted, it may not help your trading at all but it's highly regarded in the industry and may open some doors.
  3. formikatrading

    Mortgage Scam in NY

    Note that she was an employee of the NY HOUSING Authority!
  4. formikatrading

    e-mini Dow

    Is this post a joke? Seriously, you're a beginner and you want to trade 5 contracts? I'm an "experienced" trader and just moved to futures and with a $7,500 account I'm only trading 1 and in rare occassions 2 e-mini contracts.
  5. formikatrading

    Borrowing from 401k?

    I have borrowed from my 401(k) before -- took it out as a loan and it was paid back thru payroll deductions. For me, it was a great move as it really helped lighten the load of some debt I had at the time. As far as trading with it goes, maybe have some type of drawdown limit (say 25%). If...
  6. formikatrading

    Anyone trade e-mini crude?

    Good info -- thanks for all of your help!
  7. formikatrading

    Anyone trade e-mini crude?

    So you're currently trading the May contract which expires on April 19. Do you just need to make sure you're not in the contract on April 19 or on which date will you start trading the June contract? Sorry for these basic questions -- I'm new to the futures markets.
  8. formikatrading

    Anyone trade e-mini crude?

    So the April contract actually expires in March?
  9. formikatrading

    Anyone trade e-mini crude?

    Are there some funky things to be aware regarding expiration dates, etc. on these types of contracts? I'm used to the e-mini S&P's, etc. but at least wanted to take a look at these. Any insights are appreciated.
  10. formikatrading

    Understanding Haircuts

    Where's Maverick? He knows this stuff as he was with (assume he still is) with V-Trader which is all about haircuts.
  11. formikatrading

    15% upside according to Biggs

    I think Ken Fisher is even more bullish than Biggs from what I hear.
  12. formikatrading

    The Time Has Come !

    saxon: We'll have to compare notes once we both get going on this.
  13. formikatrading

    Houses cheaper than cars in depressed Detroit

    Well, as long as the property taxes are based on property value, then they shouldn't be too bad! This doesn't surprise me. My wife's grandfather has a house that he bought in the 50's for $12,000 in NE Ohio (steel country) with a nice yard. The house has been kept up nicely (he still...
  14. formikatrading

    The Coming Bear Trap

    Okay -- I understand. Still, it's one thing to think the market is going down and another thing to recite all of the "gloom and doom" stuff. I just thought I saw too much "gloom and doom" in some of your posts rather than basically, "hey, the market is going down, 'nuff said!" In any event...
  15. formikatrading

    The Coming Bear Trap

    No offense, ByLo, but I've seen some of your other posts. You definitely seem to have some "permabear" biases that you need to be aware of.
  16. formikatrading

    The Coming Bear Trap

    Shouldn't this thread have been titled "Bull Trap" since the original post discussed trapping the bulls in a market that will eventually decline some more?
  17. formikatrading

    The Time Has Come !

    For what it's worth, I'm starting with $7500 in an account and plan to trade the e-mini S&P's with the following maximum number of contracts based on account value: Initial ($7500) 1 Overnight 2 Intraday $10,000 1 Overnight 3 Intraday $12,500 2 Overnight 4 Intraday $15,000 2...
  18. formikatrading

    Best place to park IRA funds

    One other option would be to consider Rydex or ProFunds. You can just sit in their money market funds but if you see an angle on the market, then you can play it with their index and sector funds. No limits on the number of exchanges in and out of their index and sector funds...
  19. formikatrading

    Remote trading with Bright

    I have not traded with Bright but I was grateful for Don's willingness to answer a number of questions I had last year -- even concerning a unique dual licensing issue -- he actually took the time to put me in touch with someone from his compliance department to discuss the details. In any...
  20. formikatrading

    college and trading career help

    Regarding the recommendation of getting the CFA designation, keep in mind that it won't necessarily make you a better trader - it is simply the perception that the CFA gives.
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