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My account value reaches $600,000 for the first time; launching incubator hedge fund
- Thread starter lazar206
- Start date
Generally, you want an auditor to follow your trading in real time but you should be able to find a CPA that will give you the green light after the fact. I know a guy at Infinity who can put you in touch with a guy who raises funds for CTA's and CPO's. I'll make a phone call or two and send you a PM when I have more info on this.
Quote from lazar206:
I use interactive. Donât have an auditor now for incubator yet, but will get all past results audited when/if I do a full launch.
Thanks so much, just make sure to mention that I'm not sure I'm by the point to manage money yet...Quote from the1:
Generally, you want an auditor to follow your trading in real time but you should be able to find a CPA that will give you the green light after the fact. I know a guy at Infinity who can put you in touch with a guy who raises funds for CTA's and CPO's. I'll make a phone call or two and send you a PM when I have more info on this.
A few postings back you wrote that you only short the bear leverage ETF's. Which one exactly do you short and why only the bear? I mean if market is running against you for some time you can't make money if you don't hedge yourself with the other side no matter how much time or volo decay there is right?
Any leveraged bear ETF works for me, however it depends on your time horizon.Quote from Traderfan:
A few postings back you wrote that you only short the bear leverage ETF's. Which one exactly do you short and why only the bear? I mean if market is running against you for some time you can't make money if you don't hedge yourself with the other side no matter how much time or volo decay there is right?
If your time horzion is 3-6 months (or if the most important factor is your sharpe ratio) then its not for you. If your time horizon is 2-5 years and your don't care how it will do in any given month you are guarenteed to make a nice profit in the end. However you need to manage the risk of a forced buy in, a risk that is not that easy to manage.
MONTHLY UPDATE JULY 29
⢠Personal account values as of todayâs close is $680,626. The account value in the beginning of the 2011 was 569k, a profit of 111k year to date which is around 19.6% return year to date. Below I have also included the monthly results since I started this thread.
Value as of,
Today, July 29 -$680,626
June 30-$728,489
May 31 -$732,387.00
April 30 -$711,869.00
March 31 -$645,827.00
February 28 -$616,668.00
End of 2010 -$569K.
⢠Incubator hedge fund: values as of todayâs close was $111,519 which is a $481 loss since fund inception (April 1st). (The total amount includes the 100k initial deposit plus the 3k "monthly" deposits.)
Value as of
June 30, 111,824
May 31 was 110,231
April 30 was $107,030
I hope to have a longer post next week) discussing some strategy and preformance.
Looking forward for your comments and advice.
⢠Personal account values as of todayâs close is $680,626. The account value in the beginning of the 2011 was 569k, a profit of 111k year to date which is around 19.6% return year to date. Below I have also included the monthly results since I started this thread.
Value as of,
Today, July 29 -$680,626
June 30-$728,489
May 31 -$732,387.00
April 30 -$711,869.00
March 31 -$645,827.00
February 28 -$616,668.00
End of 2010 -$569K.
⢠Incubator hedge fund: values as of todayâs close was $111,519 which is a $481 loss since fund inception (April 1st). (The total amount includes the 100k initial deposit plus the 3k "monthly" deposits.)
Value as of
June 30, 111,824
May 31 was 110,231
April 30 was $107,030
I hope to have a longer post next week) discussing some strategy and preformance.
Looking forward for your comments and advice.