I'm Looking for Traders to Invest With

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Quote from myoffices:

What you are describing is a RIA Registered Investment Advisor running a hedge fund...

I think that the onset of old pros getting their series 65 -IA licenses will spark the return of market buying. I like the offer here even though I can't take advantage of it.

Someone who is willing to let us trade their money is giving a talent a stage... I hope they succeed...
I like a citi bank trade at 3.75 to 4.75. for next week. I would buy the banks in the regions effected by the realestate downturn.

SOmeone tell Shapiro that she should grandfather all the old traders who left the market in 2005.
Not enough investment professionals to sell sector stock.
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Doug, I think you have a winner here. If you can make a success of this guy then you are truly gifted.

myoffices, 1% of $2MM is $20,000

http://www.elitetrader.com/vb/showthread.php?s=&threadid=152223&perpage=6&pagenumber=4
 
Quote from Diamond Geezer:


I could see the evolution of HNW people and family offices hiring a few traders on this basis perhaps trading exclusively for one client. The downside involves the risk of "piggybacking" as their is complete transparency (client replicates the traders trades or reverse engineers his/her strategy).
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Hi DG...

When I started out I had the same concern about the fund of funds account I was trading.

But once I got into the relationship with the people who were providing the $20 million it wasn't even an issue. You see, they have no incentive to mess with somebody who is making them money. They're not investing money to find out how some lone trader is making money.

From their perspective, an individual trader is just a piece of the bigger puzzle their managing. The FoF is FAR better off spending time raising capital and allocating it than reverse engineering some trader's strategy. 20% of profits is a fair price to pay for somebody to generate the returns.

And also keep in mind that the FoF has to generate returns for its clients too. If the split is too high with the trader, it's going to carve a piece out of the FoF's returns, and provide incentive for the FoF manager to allocate money someplace else.
 
Quote from myoffices:

Any way if you care to waste our time we will call you out.

I am calling you out.
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I'm running a business, not challenging anybody on a school playground. And I'm not wasting anybody's time.

I've had many private discussions with people who have emailed me and PMed me and one thing I've discovered is there is no shortage of quality people here at ET. And what I'm looking for first and foremost are quality people, not just self-proclaimed good traders. I would gladly sacrifice a couple of dollars in return to work with somebody who's trustworthy and humble rather than somebody who acts like an arrogant jerk. And it's not just because the former is more fun to be around. It's because the arrogant jerks are significance driven, and those who are significance driven quite often do stupid things just so they can feel significant.

I guess what it comes down to is choices. Everybody here has a choice of how they spend their time and how they interact with their colleagues. I, along with all the people I've worked with over the years, choose to be respectful and professional. Those who don't choose to act professionally and respectfully tend to weed themselves out from many possibilities in life. They trade opportunity for a momentary feeling of significance, which is what many people on this thread have done. Not a very good trade for people who claim to be the best traders here.

Doug

P.S. I would suggest that your upcoming reply to my post will be an example of you wasting your own time, not me wasting your time. :)
 
Quote from Diamond Geezer:

The link below from the MarketSci blog explains beautifully why professionally managed money consistently under-delivers (this refers to mutual fund industry but the same incentive distortion applies to managed money). It's a post from today.

http://marketsci.wordpress.com/
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This is a well-known behavioural finance result. Another one I really like is the one about the overconfidence bias exhibited by men ('Boys will be Boys' by Odean and Barber).

I wonder what percentage of Doug's new recruits are single males. If they're a large proportion of his sample, he might be destined for underperformance.
 
Doug seems like a nice guy. however, i know dozens of FOF's and hedge fund managers, there is much similarity in personality regardless of strategy.

NOT ONE speaks in this manner---- he sounds more like a NLP or multi level marketing guru/executive OR perhaps a writer --- motivational speaker or otherwise...


\:D :D :D


take it as you will,

surf


ps. the NLP trigger words are obvious of someone trained to influence-- I am very curious to see where this leads......
 
Quote from Martinghoul:

This is a well-known behavioural finance result. Another one I really like is the one about the overconfidence bias exhibited by men ('Boys will be Boys' by Odean and Barber).

I wonder what percentage of Doug's new recruits are single males. If they're a large proportion of his sample, he might be destined for underperformance.
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bizzare
 
Doug,

I sent you a pm. I would be more than happy to demonstrate my trading at one of your offices in person.

I would also have no problem being coached to help increase my returns.
 
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