Market is slow today so....
Sure there is:
I am sure Doug was sweating bullets....
Now let's be a bit productive here instead of the general bullshit, particulary from you Sushi. (whom I had on Ignore, but then the thread disappeared)
Why wait a month with the funding? After all Doug either wants to make money or not. Opening a few accounts shouldn't take so long, it establishes credibility for both parties and even makes money (hopefully) in the process.
Originally I thought the idea was actually good, looking for traders on a traders' message board. It would have been strange if ET is about carpentry. But the way how Doug goes about it is just, well, strange.
I would have picked let's say 10 traders, fund them with a relative small amount, then evaluate them after 1 month. The bottom 3 guy get replaced, the top 3 guys get increased funds. The next month repeat the process. I wouldn't necessery get ride of a trader if the return is small or slightly in the red, but next month I would expect him to make it back.
After 6 months or so I would have a decent group of traders, whose capital would be increased gradually as they keep producing results. How difficult or complex this selection system?
Anyhow, my guess is that the group performace would be around 30% annually, which is 24% for the fund, ain't that bad.
P.S.: The only time I would mess with a trading shrink, if I saw inconsistencies in one's trading...
Sure there is:
I am sure Doug was sweating bullets....
Now let's be a bit productive here instead of the general bullshit, particulary from you Sushi. (whom I had on Ignore, but then the thread disappeared)
Why wait a month with the funding? After all Doug either wants to make money or not. Opening a few accounts shouldn't take so long, it establishes credibility for both parties and even makes money (hopefully) in the process.
Originally I thought the idea was actually good, looking for traders on a traders' message board. It would have been strange if ET is about carpentry. But the way how Doug goes about it is just, well, strange.
I would have picked let's say 10 traders, fund them with a relative small amount, then evaluate them after 1 month. The bottom 3 guy get replaced, the top 3 guys get increased funds. The next month repeat the process. I wouldn't necessery get ride of a trader if the return is small or slightly in the red, but next month I would expect him to make it back.
After 6 months or so I would have a decent group of traders, whose capital would be increased gradually as they keep producing results. How difficult or complex this selection system?
Anyhow, my guess is that the group performace would be around 30% annually, which is 24% for the fund, ain't that bad.
P.S.: The only time I would mess with a trading shrink, if I saw inconsistencies in one's trading...