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thank you lescor for taking us along your ride. this is one of the best threads on ET. period. wishing you nothing but the best and continued success!

while front-running is probably rampant on some desks, the majority of profits are from real arb and directional trades.

check to see how you're using stop and limit orders in your code

with 24 doms running i'd definitely recommend upgrading your ram

there's no point in defragging an ssd...

this is one of the most useful posts i've seen on this forum. for all of you looking for that "holy grail", corey seems to have found it... trade multiple uncorrelated strategies on multiple markets with conservative money management. try it out and you'll see how quickly your account compounds...

was a trader on the rates prop desk at a bulge bracket ibank for two years and have been trading at a multi-billion hf for the past two years. the only reason why i visit this site is for entertainment.

+1 take advice from this forum for what it is... advice from anonymous strangers who are unsuccessful in this business. yes, trading successfully is hard but that doesn't mean it'll be as hard for you. everyone has different backgrounds, skill sets, and perspectives so please expect...

trading successfully is not as difficult as it may seem. it just depends on what one defines as being successful. and on that note, i'll add that i am a successful trader and find it to be rather easy and extremely boring.

bingo. everything you need is right there in pneuma's post. read it carefully. there are really only three market conditions at any given time. learn them, trade them all, and trade small. the frequent trading will compound your account quickly with very little drawdown.

+1

yes and yes.

to my understanding, and i may be wrong here, we have quarterly lock-up periods with a month in advance notice. despite our strong returns, we are still seeing redemptions from fofs who have capital locked up in other funds.

i agree. times like these are when having a diversified mix of strategies, portfolios, and traders really shine.

i must say, that is very impressive. i'm guessing you either trade a short-term (high frequency?) or trend-following strategy? i trade at a multi-billion dollar fund and we had our best year last year as well...but our 40% return pales in comparison to your monster 65%. hope you keep up...

+1 to that as well

how much time does it take? just about as much time it took me to realize who has been on the other side of my trades for the past five years. thank you vinny1. you made my ferrari possible.

hmm... i can see that you haven't been employed at a hedge fund and yet seem to think you know so much about them. and what is this "myth" about hedge funds? ...that you can't make some serious buck working at one? - you can. ...that they use you to pilfer your ideas? - you're not that...

+1 by the time i'm out at dinner, i don't even remember whether i ended the day up or down, let alone how much. all i know is that the omakase dinner at masa is going down quite nicely (as it always does) and that i'll be paying with my black amex. the key is to trade small enough to not...

i feel your pain. since my work days are pretty grueling (12-14 hrs on average) i usually set aside large chunks of the weekends for most of my personal work. sure, i get sidetracked with friends visiting the city or the frequent work events every now and then but as long as you stay focused...