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  1. K

    Becoming a CTA, CPO, or manage futures

    There are many other threads where many have shared thoughts and answers to much of what you have asked. I would suggest searching some of that and narrowing the focus of the info you are looking for. There are a number of people here who have been through the process who are certainly...
  2. K

    Missing money at IB

    The "entire matter" needs to be a real matter though, not a misperception. If money was disappearing from any number of accounts in that way, some of the thousands of us who use IB would be carpet bombing ET with threads. It's fine to have a public discussion, but let's make sure we have a...
  3. K

    Missing money at IB

    That's missing both points. First, IB has no obligation to be here. Posting here is NOT customer support, it is often appeasing someone who is upset in the middle of the night because of a perceived problem. Sure, these guys go out of their way to solve many problems and we are all the...
  4. K

    Missing money at IB

    I hope you jackasses are happy with the potential results of your "strategy". It was only a matter of time before a few blew it for the masses. The thread should not have been posted. And the title at a minimum (to state a fact) would be that the money "appears" to be missing. It is NOT a...
  5. K

    Bayou HF disaster gets more interesting

    This was a ponzi from day one according to the articles I've read. So because he calls it [insert name here] capital mgmt, that makes it a hedge fund? and because the ponzi blew up that makes hedge funds bad? Perfectly logical.
  6. K

    Opening Print on Indices

    Thanks!
  7. K

    Opening Print on Indices

    What was the settlement for SPX? Also, what is the symbol for the settlement? Thanks ktm
  8. K

    Quadriga Superfund - Managed Futures

    Maverick, Despite being told many times, he still can't seem to understand the fee issue. Cohen has returned 40% after taking 6/50. That's 40% whether the mgr took 1/10, 2/20 or 6/50...40% is 40%..and people are still lined up around the block to get into SAC.
  9. K

    Contrarian Viewpoint vs. Rationalizing

    Yeah, it's true. It seems like every day we have a tragedy (London bombings, Katrina, etc...) the market adds about 75-100 on the Dow. Even if I try to outsmart myself and do the opposite of what seems logical, I'm still wrong 80% of the time.
  10. K

    Contrarian Viewpoint vs. Rationalizing

    c 323 h, You still around?
  11. K

    Contrarian Viewpoint vs. Rationalizing

    Right. That's what everyone is telling the original poster. If you bought it on technicals and it broke below whatever line, sell it. If you bought it because they are going to earn $X a share next year and you value them at $Y dollars, then you need to evaluate if that's still true. If not...
  12. K

    Contrarian Viewpoint vs. Rationalizing

    Why did you buy the stock?
  13. K

    selling 1 ER2 future option

    I'll give you 5.7 for it.
  14. K

    Looting in New Orleans..a new low for americans...and why we are minimizing the effec

    Those of you who are sympathetic to the looters are missing the most important point. If the police do nothing to protect these businesses, what is the incentive for any business to serve inner city blacks? Who will rebuild there if they know that the first time blacks get pissed about...
  15. K

    Looting in New Orleans..a new low for americans...and why we are minimizing the effec

    Most of the looters (yes the blacks you see on TV) didn't go to the superdome because they knew if this happened, they would want to go "shopping"....which is exactly what you are watching on TV now. Those "poor hungry people" passed over two aisles of food to get the plasma TVs. TGM is...
  16. K

    CTAs: manage QEPs only?

    A CTA can manage small amounts of money. QEP provisions, as I understand it primarily apply to CPOs. The CTA is not taking custody, therefore there is substantially less risk to the investor. The CPO takes custody of funds. If certain disclosures and guidelines aren't followed, then the fund...
  17. K

    Writing Options on ES and SP (S&P Futures) instead of SPX

    I believe Robert has made comments to that effect. His partner and legal scholar, Hannah Terhune has written columns with great justification for the change. I believe one of the recent issues of a futures/options magazine (Chicago publisher - can't recall the name) ran her latest column about...
  18. K

    Writing Options on ES and SP (S&P Futures) instead of SPX

    I have multiple accounts. IB only deals in the ES and I can move them overnight. Even though SP is electronic at night, IB doesn't deal in it since it is pit traded during the day. There are times when it makes more sense to use bigger contracts for certain parts of the position, and others...
  19. K

    Writing Options on ES and SP (S&P Futures) instead of SPX

    Optionwiz & Andy, I think you are correct that SPX is reg-T and 1256. I use the SP contract for size, which is also SPAN and 1256 and just basically 5X the ES. As to your other question, yes I do everything in ES/SP - the bodies and hedges and everything else. You can also hedge with ER2...
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