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HAH...LMAO. You mean, wait a minute let me sit down...that we would actually be able to get some answers, educate ourselves and carry on productive and meaningful discussions? Moderator, ban this man immediately! :D

It seems odd that he started posting here, then left very soon thereafter. I wonder if the two are related. It would be nice to hear from him again, just to clear the air and settle any speculation that might be out there.

Trade Depot here too. Sorry Aaron.

...and how to look back twenty years anyway? Where can I get a list of all those funds who blew up and just disappeared from the list? All I see is newbies and survivors.

There are a number of other funds managing over 100M that are going through the same thing. Funds that have been around for years and done well until this stretch. It will be interesting to see what happens, whether the markets "change", or if we stay in this lethargy of slow moves and the...

Not you again.

What? Terrorists don't get married? You should consider hopping a plane and helping them out over there. They seemed to be pretty welcoming of Nick Berg's gracious offer of help.

There is the premise that one would make money, else I agree - why bother? The comparison between prop trader and HF mgr is a bit misleading. It should be between prop mgr/owner and HF mgr. There is no way a prop mgr/owner is going to fund an individual into the 8/9 figure range of equity...

There are many debatable issues with your points, but I'm not even going to start. Anyone serious enough to get this far into trading (as a profession) should do their homework and make the decision that is appropriate for them. I feel the path of greater chance for success would be the hedge...

Green Trader Tax is pretty good. I would recommend them. Sounds like you are already a "hedge fund" according to Don. Best of luck to you.

Yeah that's about right. Two points you forgot to mention: You are usually required to go home flat every night and you need to generate a lot of commission for the pit boss...or pay the difference in monthly seat fees.

Rjon, You've gotten some good advice here...except for the last post about going prop. I also contend you can get set up for $20 - $30K without cutting corners. I would suggest taking a bit out of the $500K, maybe 50 - 100K and putting it in your expense acct outside of the fund. Once you...

Wow. That would require thinking about tomorrow and not just today. Good luck getting one of these blabbering liberals to do that.

Agreed. The other false assumption that many people make is that naked sellers will sit on their hands until expiry. Having a plan for nearly all the possible scenarios is key. A hedge from the start is best. With all the new products rolled out over the past few years, there are a good...

It's not really a study as much as a book promotion.

The brief article looks oversimplified to me. Statistically, of all the existing strikes, half expire worthless (that is, those strikes issued as available by the exchange). There is a heavy bias toward those contracts in the money being closed out. If I write a straddle 30 pts out each way...

Yeah, I heard Christ was long the QQQ into a wicked head and shoulders downturn when he was about 22. Margin call came by horseback at the next dawn and he paid in gold. Might be good for him, but I would have hedged that puppy with some ES contracts myself.

waggie is right. There is a difference between registering and being a member of the NFA. Sorry about that.

and T-Rex.... Right T-Rex...now you have it. Anyone can sign up and take the test. You are correct, registration with the NFA of any kind requires firm sponsorship (or starting your own) as you mention. The test itself is nothing more than comforting without the ability to register...

Did you take this trade? Down 20% since I posted this. Pure chance from my perspective...but still.