Hedge Funds
- Thread starter FXsKaLpEr
- Start date
oh really?
try doubling $1m every year for 35-years and see what you come up with.
and never forget, you're of the loser, no-can-do, pessimistic mindset.
that's what separates you and me.
in case you can't add that high the answer is:
$34,359,738,368,000,000.
I think that's enough to buy the fkn world.
so you better watch what you say to me because you MAY be talking to your future slumlord.
Get your math right. If you double your cash every year for 35 years on a 1 million account you would be richer than bill gates.
Let me present several factors about you that can be deduced from your post:
-You are 30-35
-You have a dead end job
-You were a loser in life and hate any one with a greater knowledge, greater education, greater monetary wealth
-You have been stuck on trading demo accounts for a few years because you have blown up multiple times
You said on another post you made 5K from a 4K live account and all of a sudden now you doubled 1 million for 35 years.
Let me present several factors about you that can be deduced from your post:
-You are 30-35
-You have a dead end job
-You were a loser in life and hate any one with a greater knowledge, greater education, greater monetary wealth
-You have been stuck on trading demo accounts for a few years because you have blown up multiple times
You said on another post you made 5K from a 4K live account and all of a sudden now you doubled 1 million for 35 years.
I have news for some of you guys ... the dream and success of running a HF under your name is
just that ... a dream ...
http://observer.guardian.co.uk/business/story/0,6903,1592954,00.html
some excerpts ...
- thinks funds need to be at least $75m in size to break even, given the regulatory and administrative costs, yet 72 per cent of hedge funds have less than that under management. Indeed, a survey by accountants KPMG found that a fifth of all hedge funds close each year due to business, not investment, failure.-
- A survey by accountants KPMG found that only 15 per cent of fund managers are clear stars capable of generating the returns clients expect; a further 55 per cent are what KPMG describes as 'wannabes', who have yet to prove that they can perform and the rest are 'has-beens', whose performance is not good enough for them to survive.-
just that ... a dream ...
http://observer.guardian.co.uk/business/story/0,6903,1592954,00.html
some excerpts ...
- thinks funds need to be at least $75m in size to break even, given the regulatory and administrative costs, yet 72 per cent of hedge funds have less than that under management. Indeed, a survey by accountants KPMG found that a fifth of all hedge funds close each year due to business, not investment, failure.-
- A survey by accountants KPMG found that only 15 per cent of fund managers are clear stars capable of generating the returns clients expect; a further 55 per cent are what KPMG describes as 'wannabes', who have yet to prove that they can perform and the rest are 'has-beens', whose performance is not good enough for them to survive.-
I couldn't agree more, but SA, isn't that the way it is in trading in general?
Most guys flop in the markets.
no different just because they trade other peoples' money.
It's been my whole point all along: The majority of HF Managers/Traders shouldn't be in the business.
They're fkn the pay structure for Competent Traders.
Only the top traders in the world should be running public money.
And those guys don't have mediocre returns.
If anything, I think the SEC should require prospective HF managers to prove their track record for a 3-year period (audited records) trading an account before being allowed to open a HF.
And if they do NOT return a minimum of 30% a year on average they should be classified as "unfit" to run public money and restricted from opening a hedge fund.
Could you imagine what would happen if the SEC required that now from the 8,000 HFs that are out there?
Over 90% of them would be shut down.
That would be the best thing for the industry.
Dude, your ignorance is starting to annoy even me... I did try to take you seriously, but common!
The fact is you don't know jack about the hedge fund industry and what an actual hedge fund is...
By the way, what's your leverage in Forex? 50 to 1?
You are not going to run "public" money with that...
3-year period? That should take you out of the running, right?
That would be how long ago you dropped out of high school...
The market will humble you sooner rather than later...
Maybe once we get out of the tight range on your favorite pair:
http://www.x-rates.com/d/EUR/USD/graph120.html