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Looks like Steve is going back to original business model of 1990-1991. Traders put up 25k......all losses yours and you split profits. He gave you leverage and training.

I suggest you use one of the RYDEX DYNAMIC MUTUAL FUNDS. They offer a fund geared towards active money managers or investors. These Dynamic funds offer 2 times the exposure(that's your leverage) for the Titan Fund(s&p500 fund), Tempest(bear S&P500) , Venture (bear nas100) and Velocity(bull...

Try www.bam-us.com. Lots of job openings.

I've been trading a IRA futures account for years. Your accountant is wrong. I use MTrust.........unfortunately they acquired my account thru receivership of my prior trust company.

Why would you establish a 401k plan rather than a SEP or IRA? I could see if you are an employee of a company but a 401k has extra restrictions........such as limited ability to self direct it. If you are in a 401k plan already than you are stuck until you leave the company or the plan is...

Maybe I can answer your question. First, I manage a LLC or fund. I have my IRA and several partners have IRA funds invested. 401K plan is different than a SEP or IRA plan. With SEP's and IRA's all you need to do is find a trustee or custodian to allow you to put funds into your fund. I use...

I too was in a situation where my love of my life was involved with another man.This went on for several years.It made me miserable to know their was someone else but I endured the pain.Everything centered around her.I wouldn't make plans for the weekend because I was waiting by the phone hoping...

I currently manage a hedge fund.....Don are you saying if I put 100k on the line you will allow me to trade 5 million? I'm talking about holding positions overnite........even if it was 4 million I think I would jump at it.Please list the conditions you would need to set this up.Remember ,I'm an...

I agree with you about all the extra's you have to do as the manager of the fund.And I find raising more capital to be something I would rather have someone else do.Bottom line is I just really want to trade.But managing your own fund does give you freedom to trade your own style and not worry...

You hit it right on the head.I can't wait for SSF's. I think SSF's could have the same impact as on-line trading did on the stock market.Once the internet became a way for people to trade,it increase volume and volatility in stocks. I expect the same to occur.Maybe not to the same degree but it...

Just about everything item you listed was 50 percent higher than what it cost me for my fund.Set-up 12k....accounting fees 5k.....filings and misc. expenses 1k .All of this was reimbursed back to the general partner of the fund.So ,you put up the initial cost but you get it back once the fund is...

I can't wait for that day. I agree with you about SSF's .I'm gearing up for them.......setting up relationships with firms and becoming a CTA so I can expand my money management co. into that area. Any trader who is serious about his career and P/L should get themselves up to speed with SSF's.

Its been several years since I discovered the book. I think it was Stock Market Systems. Put it this way the book had to be written prior to 1997 because I was back-testing and papertrading it in early 1997.Good Luck.

YOU SAID IT ALOT BETTER THAN ME.EVERYTHING YOU POSTED IS THE ABSOLUTE TRUTH.

An edge or a belief in a trading system is very important. I have been using my own prop. trading system for years. It took many hours of back-testing and finally getting displined enough to trade every signal. I use it as the basis for trading stocks long or short overnite and I use it to trade...

As it was posted........trading size is very important and with increase size you need to be able to handle it mentally and emotionally. I trade overnites and I am probably averaging less positions per nite than a few years ago but I have increase size. But it took me awhile to feel comfortable...

I have 3 computers using same cable line.Works great and very easy to set up. Just follow easy directions.

I see you finally got wise to the trading fact of looking at daily's first .It improves your profit potential greatly if you know the daily trend of a sector ,index or stock. Just in case you need a refresher in what you are finally incorporating in your trading,go back to my post to you on...

Those are impressive numbers.Are you strictly a daytrader or do you hold overnite? Could you list any favorite stocks or sectors you play? I trade overnites and had my best January ever.Up until this past week I was having an O.K month.It was nice to have a decent week to put me over the...

I developed a mechanical trading system for trading the e-minis.Since 1997 I've kept very detailed records of it's performance.UP until 2001 I traded it off and on.Not because it wasn't performing well but because I wasn't making the effort to trade every signal.It typically generates 10-14...