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I learned long ago to avoid "expecting" anything. Just go with the flow.

You'd be a bit late to the party if you went long here

My sentiments exactly. Lots of successful quant traders don't bother with the perceived "support and resistance levels" referred to in the OPs posts. In fact, I know of some strategies employed by some of these very successful hedge funds that utilize time based exits, regardless if the market...

I suspect he'll get nothing back

The basic screen was something like this... 1. Price per Share greater than $20.00 2. Market Capitalization in the top 15% (ranking 85 and above) 3. 15 Day Average True Range in the top 15% (ranking 85 and above) 4. Volume in the top 25% (ranking 75 and above) 5. Price as Percentage of 52 week...

I used to use the TC2000 product to screen for high momentum stocks with high volatility that also had good liquidity. Then you just wait for a good set up. Of course, nothing is ever infallible.

Hedge funds and CTAs are constantly trying to improve ways to execute trades to reduce slippage and to mask their trades. They are always hiring quants to program this stuff so it can be more automated. In the case of really big orders, humans are still responsible for trade execution...

I'm guessing they've employed shorter term models, which have struggled in the last five years. Their performance over the last five years has been similar to the Turtles. Before that though, their track record was stellar. Assets under management may have played a role as well.

It's simply supply and demand. Fewer people are able to get a mortgage to buy a home due to continued tight credit requirements. Therefore, they must rent. Here in the DC area, they are building lots of apartments because the median home price is so ridiculously high. I think many more...

Dunn Capital was up 34% in 2013 and 35% in 2014. Mulvaney Capital was up 43% in 2013 and 67% in 2014. These are both long term trend followers. The markets are clearly different compared to the 1980's and 1990's, but trend following still works. Just like any trader, the trend follower has...

And they are awfully good at it too.

2014 was definitely a good year for trend followers of all stripes. Even most of the Turtles pulled out of their doldrums with double digit gains. Still, most people seem to dislike the approach because they don't realize the realities of trading. They think they can do better, but few really...

Excellent advice

Wow...your experience is eerily similar to mine. For me, it was coffee in 1994, and I was 28 at the time. I had same mentality as you, young and stupid.

http://www.thectr.com

Agreed... an exempt pool might be a good way to start too

My advice would be to outsource the compliance and back office functions. Trading and marketing are where you need to focus your attention. The CTA business is simply too difficult to manage alone. I recommend you contact Turnkey Trading Partners for a consultation...

Go to Autumngold.com and you will see track records for registered CTAs. You won't find good data about retail traders.

You should become very good friends with that guy who made $5 million and ask him to mentor you. Not many people have that kind of opportunity, if indeed he is legit. If he is, he is very rare.