Capital Available for Traders

[ksaunders71]

@propseeker

Thanks for your comment.

It reaffirms the exact reason why there will always be edge to be found in the markets.

There is no chance that the iPhone will get any significant market share. No chance.
Steve Balmer, CEO Microsoft, 2007

 

[d08]

Quote from Petro:

Problem is, did he remember to put a battery backup on his router? Having power to your laptop doesn't do a lot of good if there's no internet to execute trades over.

Most have back-up connections via air, so the whole CBD must be without power for it to influence trading. Laptops do make sense for various reasons, battery being one of those.

 

[vkrouglov]

...and one can easily work with a 3G internet.

As long as no heavy-duty programming is involved for me laptop is prefferable.

 

[propseeker]

Quote from mickson:

If you look deeper in the thread, Kevin has an audited track record of many years doing this without a losing year. Yes this strategy managed poorly can look like the so called "fiscal cliff"

this thread is 40 pages long, since your interview mentions a 1 year history, i'd hope you could point me to that multi-year audited record.

 

[propseeker]

Quote from ksaunders71:

@propseeker

Thanks for your comment.

It reaffirms the exact reason why there will always be edge to be found in the markets.

There is no chance that the iPhone will get any significant market share. No chance.
Steve Balmer, CEO Microsoft, 2007

ha, and now the options seller is on the thread comparing himself to steve jobs.

you guys are a bunch of goofs.

 

[rwk]

Quote from propseeker:
ha, an options' seller, with 1 year's results.
nice scam.

I think I am missing something here. It is my understanding that RAPA has capital and is looking for traders. How is that a scam?

If a trader has a short track record, is it not the purpose of the RAPA program to help establish a better record. No one here is being solicited to invest. Who is the victim?

I think we have all read Fooled by Randomness and understand that shorting options can look better than it is because of latent risk. That is not to say it cannot be done.

 

[marketsurfer]

Quote from propseeker:

this thread is 40 pages long, since your interview mentions a 1 year history, i'd hope you could point me to that multi-year audited record.

Particularly 2008... LOL!

 

[vkrouglov]

I think we have all read Fooled by Randomness and understand that shorting options can look better than it is because of latent risk. That is not to say it cannot be done.

It is not latent - if one knows what the option seller is doing it is possible to understand exactly what may happen under what circumstances. It is also possible to avoid undesireable effects by hedging the wings

I see no problem investing in the option seller - as long as the cards are open.

 

[ksaunders71]

Quote from propseeker:

ha, and now the options seller is on the thread comparing himself to steve jobs.

you guys are a bunch of goofs.

I assume you got the point however, as clearly you have been reduced to name-calling.

Surely you can do better than that hmmm?

 

[propseeker]

Quote from rwk:

I think I am missing something here. It is my understanding that RAPA has capital and is looking for traders. How is that a scam?

If a trader has a short track record, is it not the purpose of the RAPA program to help establish a better record. No one here is being solicited to invest. Who is the victim?

I think we have all read Fooled by Randomness and understand that shorting options can look better than it is because of latent risk. That is not to say it cannot be done.

marketing to investors is prominent on the front page of their website:

"1. Capital providers may take the form of individuals, companies, family offices, hedge funds, institutions, etc.
2. RAPA Capital introduction portal provides investors the opportunity to identify themselves as well as articulate the kind of traders they are interested in investing with."

some red flags for me:

1. their website is clearly marketing to investors, i haven't gone through the thread to see if they are here, however, by the fact they're linking to it, they're indirectly doing so.

2. they're setup outside of the US (australia)

3. their pay structure is setup like a hedge fund. their business plan is setup like a "fund of funds" hedge fund.

4. they do not seem to be legally setup as a hedge fund.

5. whether they are or aren't, they definitely quack like a duck, and as such, they are breaking numerous US securities laws with the above.

6. the top 6 strategies belong to the same person and are all option selling/short vola strategies with short history. this person also happens to be from australia. there are other affiliated persons in their trader list (Gleneagle Securities).

7. they market themselves as having a superior risk assessment algo. short history allocation, on short vola strategies, to "known persons", does not sound like a great risk assessment algo.

oh and

8) as soon as the lead strategist is criticized, he shows up on ELITE TRADER and makes a comment comparing his vol selling strategy to apple. seriously classic.

essentially, it smells like shit. either they're goofs, or they're scammers, it doesn't change the aroma.