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The point is to emphasize that the reason why these gentlemen are billionaires is because they are top businessmen who also have a top product (their trading ability, and their team's ability to raise and maintain capital). You don't see one-man traders sitting in their two-person corner office...

Yeh, and the reason why they did well from their trading is because they were capable enough to build a business around it. Big difference.

Let's say you run $5 billion. Until recently, it's become increasingly harder to fill adequate size even in the most liquid markets, e.g., EUR/USD giving 10-15pip spreads. Recently (past 12-18 months) that has come back down. Ultra liquid futures are also possible, e.g., CL. Large market cap...

There may be some, however I would hesitate to believe any would be profitable in the medium-long term. The most sustainable way to make money trading is to think for yourself, and receive mentorship on your framework and thought process. I can't offer you any chat room suggestions, though can...

There's a few good ones top macro funds tend to receive, all priced within median NYC salary, e.g., Macro Advisors (>$100,000/yr), Minack Advisors (~$70,000/yr). Send me a PM.

The simple answer to your question is, yes absolutely. To get a gig at a hedge fund you'll need a track record of 2-3+ years, on assets of 20+mm. Good luck!

Hi, can anybody point me to the relevant regulatory information concerning exemptions for US-based CTA to trade money from UK (and Europe, if possible)? Thanks P.S - my research into Australian (ASIC) exemption is Class Order 04/829, to allow US CTA to manage wholesale investor funds without...

Yes, typically after the first 30-45 minutes are done from the pit open.

Why fight the trend?

That's what everyone has been saying since 1995

If you want to play crack spreads, then keep an eye out for a 1-2 month short of HOCL. Not sure about the gas crack.

Varies. Assuming you are day trading. Always good to wait and see the London open around 2am ET and see if they don't play around with it a bit. First 45 mins of NYMEX pit can be tough also. If you are more concerned about getting size filled, well than just watch the volume chart and see...

Can't pin it down to ONE quality

ive been trading futures for a couple of years now but have entirely stayed away from options. can someone please recommend a website where i can website where i can view open interest and volume on calls/puts for say the aug10 contract? when do the options trade most often? it seems that on...

The trend is your friend. I don't get to see my friends whilst I trade, so I hold onto my only one available.

OK. I used to have two other accounts which I would trade FX with. What is up with IB's commissions here? Placed some trades using idealpro today... Ever single trade executed has a commission of minimuim $2.50? If I'm scaling out or into a position, every single order I pay $2.50 on? This...

What platform is that?

I do not think my personality type would allow me to sit down and explain everything. Whenever I educate on something I believe is very valuable, I enjoy sharing the information but in puzzles - that is, you have to a degree decipher what I'm telling you to get the answer. Also, there are so...

If you miss your entry you dont go and chase the market, you either wait for a new situation to arise or if you are willing to reduce your RR ratio, lower your size with a larger stop.

Experience is a cure because it simply allows you the time to progressively learn the lessons you need to learn. I am referring to actual emotions. You feel so profoundly about something, you can feel it literally rushing through your entire body. It's not necessarily thought, in as much as...