Managing Funds for a Living

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@At:

You have to ADD ALL losses and ALL gains over multi-year periods (more than one, likely 3-5)!

Some patience is required to average my high compounded annual yield and to not give it all away in one market wave.

Not a concept held or even understood by even the smartest day-traders (I guess).

I'm sure MOST investment accounts would kill to not lost this last year. And once this expected easy ramp is near completion, more might believe in the longer-term (compounded) value.

You only need to go to Xxxxxxx Capital Training Institute and see comparison charts for each unfolding market trend to UNDERSTAND how and what goals are going to be met. If the market trends as it regularly does (most recently Aug '06 - Feb '07, Sep '07 - Nov '07 and current) a nice say 50% quickly is allowed.

The rest is loss prevention and maintenance - perhaps to do some scalping, bearish spread plays or what I am doing at Collective2 right now - going long and short swings with ES/NQ, etc.

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Paysense


:p
 
Quote from paysense:



I'm sure MOST investment accounts would kill to not lost this last year. And once this expected easy ramp is near completion, more might believe in the longer-term (compounded) value.
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Your CC fund blew out on C2 in 2007. WTF do you keep blabbering about compounded returns? Zero is zero.
 
@At:

You are an angry, angry man. Perhaps this is what you want to believe, <b>but it is far from the truth.</b> Just go back to see how each golden (value) bar (my generated chart) correlates to each day of trade at Collective2 (KC Covered Call Fund).

Then contrast these with my (strictly) covered call fund (Pro) at KxxxxxxCapital.com and see that they are near equivalents! Of course my C2 fund generated a higher annual average (75% vs 50% on <i>average</i>) since I incorporated my index spread plays when successfully calling bearish trends.

But yes I tried various avenues and instruments to learn new ways to profit with C2 interface and once I came across the potential (in conjunction with my trading style) using futures - well that stark detraction from my previous (established) methods did blow up in just 2 days (not to zero mind you but from my hard fought position to a 40% DD at which point I abandoned (didn't re-up due listing fee) to embark on intermediary (2 futures accounts and 100's of trades) to yes go to zero while I uncovered (I <i>am</i> hoping) every stone to get to a successful coupling with my theories for and to the profit of many - NOW!

Yes KxxxxxxCapital.com funds are and do progress as such and are not blown out and will "prove" to ALL their said benefit (and HUGE value), but what I am doing now supercedes all past efforts by a WIDE margin, I am happy to say.

Regards,

(the long-winded one)

p$
 
Quote from paysense:

KxxxxxxCapital.com funds ... will "prove" to ALL their said benefit [and] what I am doing now supercedes all past efforts by a WIDE margin...
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Gil you are hallucigenically optimistic!

All your C2 systems have blown up after you confidently forecast great things for them. You evidently have no trading skills and add no alpha, not even fake alpha (disguised beta) like most of the other "winning" C2 systems.

But you have a lot going for you. You have a thick skin, you can take abuse without losing your temper or getting discouraged and you don't let failure or market rejection get you down. You are able to write long shallow market analyses without letup. You have a command of the language and you stay on message.

In short you would make a good institutional salesman if you had something worth selling. Here is a clue, the Kingdom Capital site, the C2 systems, and your dubious "hedge fund" are not worth anything. Certainly not worth the efforts of someone with your talents (which don't include trading, impressive as they otherwise are).

And you are wasting your time trying to trade.

Do you want a real job?
 
I am wasting my time he says, OK!

MP update.

Not much progress which happens often when big caps and the indexes take off. It leaves some of these smaller issues lagging, but today's action - propelling most of the averages starkly above key resistance levels will ultimately bode well in assuring our progress.

SOLF is underperforming as the red-hot Energy-other industry group did not participate in the rally with the decline in crude. Yet FSLR earnings are through the roof and we look for further appreciation.

With this we want to see a jump so that we can sell the call option contracts, Also with severe sector rotation under way, EXM is sort of waiting in the wings to be picked up to the next level. Either way with options expiration just 2.2 weeks away and a strong market trend at our back we are looking to once again have a profitable scenario to close out May contracts and receive premium for June.

Furthermore - with this still being in the early stages of our new rally, 5, 8, 12, 20% ramp up will likely be allowed to be with little risk retained this time around and who knows - perhaps another 10-15% as well.

Friday brings jobs data and again the market is looking ahead of such reports at this juncture and economic matters.

pay$ense

:)
 

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Happy Friday,

Going into the weekend we want to increase our exposure (sell short call option contracts). It seems an old favorite for this small (20k) training account PRKR is on the table. It usually has high option premiums and not the best fundamentals- but technicals do not usually let us down.

Caveat: they are soon to report which usually (only one analyst covers this stock) has a sharp drawdown that only lasts about one day.

Still it is at lower support and we don't expect much from this our first Jun expiration position that is OTM (out-of-the-money) and will allow for further appreciation as our budding rally progresses.

10.5% return or a whopping 21% if it gets called away. Also note that this is our first position (Pro account) that is on margin. These select periods that happen about 3 months out of each year allow us to boost our gains in out "limited" margin account or the ultra-safe use of no more than borrowing against half of our cash/stock.

<b>Friday, May 1, 2008
2:10 pm EST

Bought 300 shares of PRKR (Parkervision, Inc.) at $9.05 (ask).

Sold (3) PRKR Jun 10 (QERFB) call option contract at $0.95 (bid).

Stop Loss: $8.10</b>

pS

:confused:
 
Well it seems Ross, my little bent man from Collective2 forums is utilizing most all of his time trying to attack me. His meds aren't right, I guess.

Anyway if my systems pan out any publicity is good publicity, so rant on!

We are almost totally filled up with positions in my Pro (Covered Call) Fund as May expiration approaches. We got some gains this last month with another accurate entry near the bottom of the recent correction.

Furthermore enough "froth" was worked off for us to perhaps compound a few months of gains using my high-yielding covered call candidates/strategy. If so we are looking forward to a nice equity jump.

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Again this is routine, I guess too many people are either too skeptical, don't care or are not yet seeing the beauty. I only say this because I have been doing this for a very long time and from my Performance Charts and with this market, things are really tracking per the usual.

I have trained many individuals with this exact approach and well NEVER has anyone come back with any real complaints at all. Go figure!


:mad:
 
Gilbert, for the love of G_d, I implore you to simply sell a put instead of this asinine combo trade. What fool builds his methodology on pissing money. One trade, not two. One comm, not two.
 
If you remember I tried that and found no real benefit. Honestly I didn't uncover every stone with the matter, however there was no immediate benefit I could see.

I know I can sell naked puts. Seems on the stocks I target the premiums are less juicy than the calls. We are talking commissions which are negligible these days. Also covered calls are considered low in risk - even allowed for IRA accounts and I don't want stock put to me.

I may not have stated every argument above accurately and I am not a registered professional and admittedly have much still to learn. So be forgiving what I am doing now works and works well. I still am open to a better way, however.

Regards,

G
 
Quote from paysense:

I know I can sell naked puts. Seems on the stocks I target the premiums are less juicy than the calls. We are talking commissions which are negligible these days. Also covered calls are considered low in risk - even allowed for IRA accounts and I don't want stock put to me.

G
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Puts are calls. You're abrogating p/c parity and that's my point. Anyone with any pride in their vocation would take the time to learn the mere basics of position-dissection. Something that a pro would achieve in their first-year of trading. You're already long the stock in the CC. You don't want the stock put to you in the naked put?

Both CC and short puts are cash-secured in an IRA. Another fallacy.

They're equivalent.
 
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