if you have a holy grail, what would you do when you are too old to trade?

padutrader said:
because no one will take the other side of your transaction......

do not forget you need a broker and he will know it, sooner than later and start taking the same side.
he will tell his good friends... who will then tell their good friends and soon everyone will be on the same side...the liquidity will dry up-because no one will take the opposite side-and then everyone has to exit......at the same time.......at a loss
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According to your incredible stupid idea, there are no profitable traders at brokerages.
 
Buy a pro sports team and just go to games and stare at the cheerleaders!

Carolina (Tepper)
op0-954-mid.jpg
 
Hire a second in command.
Employment contract where the annual bonus is paid a third a year - so you pay tax on the entire bonus, but two thirds stays with firm and violations forfeit the balance of the bonus. After a few years you are very invested in the firm and you actually begin to see lot's of cash - assuming it is the grail - in the later years.
NDA and a non-compete which may be less relevant than the bonus deferral
Depending on the product(s) and the job functions compartmentalize as much as possible.
It ain't perfect, but this is a similar format to what most of the Chicago Options Partnership use from the 70's to about 2000.
Change the template anyway that fits your "grail", but nothing is perfect.
The more "ownership" they have in the firm or partnership - the more investment they have to protect.
 
ETJ said:
Hire a second in command.
Employment contract where the annual bonus is paid a third a year - so you pay tax on the entire bonus, but two thirds stays with firm and violations forfeit the balance of the bonus. After a few years you are very invested in the firm and you actually begin to see lot's of cash - assuming it is the grail - in the later years.
NDA and a non-compete which may be less relevant than the bonus deferral
Depending on the product(s) and the job functions compartmentalize as much as possible.
It ain't perfect, but this is a similar format to what most of the Chicago Options Partnership use from the 70's to about 2000.
Change the template anyway that fits your "grail", but nothing is perfect.
The more "ownership" they have in the firm or partnership - the more investment they have to protect.
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is this what rentec uses to prevent its employees from leaving the company?
 
"is this what rentec uses to prevent its employees from leaving the company?"

It's a common practice. Many firms with scale will also create an "employee only" retirement portfolio or give key trade staff some discretionary $$ to trade with a profit split.
 
trend2009 said:
if you have a holy grail, what would you do when you are too old to trade? are you going to publish it? or give to kids but whom have no interests in trading?
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I don't understand people overall, Now believe that been a Godsend. I have no close relatives, not married yet or if ever, no offspring. I came into this world "naked" and plan on leaving that way. However, have very structured way to give to charities of my choosing where upon they get a percentage every year, the blunt of it will continue to be auto traded of systems already chosen.

Worked too long and hard to give to the carp
 
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