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Doubt it. The advantage that the US has is that it attracts talent from all over the world--many who stay and build the future here. China is extremely homogenous and authoritarian, which means global talent won't flock there.

don't bother arguing with these folks... the more evidence you present, the stronger they hold onto their beliefs.

:D

just google "fund administrator UK" and look for small shops close to you. It's like hiring a bookkeeper. In fact, many bookkeepers can double as fund admins.

Most hedge funds hire a third party fund administrator. This usually runs about $500 per quarter on the low end to +$50k/yr on the high end, depending on the strategy and asset classes involved.

you should pick up Ernie Chan's books

A newbie shouldn't worry about the timeframe or spend much time looking at a chart. From another thread: Intraday trading | Page 5 | Elite Trader IMO the problem is that most "traders" don't know what "hard work" means in regards to trading. They think it means to 1) look at charts, 2) backtest...

You: “do the dance to the wheat god and you’ll get big crops!” Me: “study crop rotation and modern methods in agriculture and you’ll develop skill in wheat farming” Seriously why would you advocate for a newbie at trading to start with trying to scalp 1min ES candles? Jfc…

Read about the carry trade.

Did you even read my post? If you’re “scalping” 1min candles on es manually please share your three year sharpe ratio. Oh let me guess, you don’t believe in keeping a track record. :rolleyes:

IMO the problem is that most "traders" don't know what "hard work" means in regards to trading. They think it means to 1) look at charts, 2) backtest technical rules, 3) follow the advice of the "old hands", etc. What it actually means is 1) studying market structure, 2) conducting literature...

The underlying component is that I examine trends and variations in the standard deviation of the security in order to get a sense as to "what happens if I'm wrong". Not sure if something like ATR(9) captures things because 9 periods is very small. A good example: If I'm trading earnings on...

Got it. :thumbsup:

I’m referring to “scalping” 1-min candles on ES. Are there other ways to make money? Yes. But there isn’t an excess risk premia (alpha) on scalping 1-min charts lol.

Primarily equities...about 20% in derivs on rates, fx, and equity indices. Timeframe is usually 7-21 days, though it really depends on the catalyst.

I qualified my statement -- would be happy to take my words back if I'm proven otherwise. I've traded at investment banks and hedge funds, no one is trading the 1-minute chart to eek out an edge lol. The methodology and approach of serious sophisticated traders is completely different than...

I can guarantee that no one is making money(*) manually trading short-time periods. Are there successful HFTs that print money? Yes. But none of the manual traders here would get accepted for an internship at one of them, much less compete for PnL lol. (*) high sharpe ratio + excess returns on...

I limit the size of trade by volatility, and tend to trade pairs (long A short B) which further reduces risk. Across a trade (cumulative PNL of A - B), I have a loss limit of around 10%. On individual names, I have a hard stop at 20%, but my exit process is typically based upon catalysts and...

Terrible idea. Successful trading looks just like successful decision-making. Randomly choosing things thrown at you is the worse way to build muscle memory and learn how to make decisions under pressure. Instead, you want to focus on training core skills -- what are the things you know about...

every region/asset class has some form of regulation which limits what types of investors can access the vehicle (fund). you can get some exposure through an indexed vehicles like iagg or a local currency bond fund, but that's about it.