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Patenting a Superior Trading System
- Thread starter Ripley
- Start date
Quote from atticus:
Your "hedge fund" is in violation of the ICA. Hundreds, eh?
Sometimes less is more.
"You need money to trade stocks. So you will have to either earn it yourself, or deal with employers or clients.
The clients will be a nightmare if you can't deal with them. All your clients will pull their money out to buy gold and heating oil futures. The only one left you will make him 20%. Then he will say he wants to post notional margin, and after he does you will make him 80%. Then you will lose half the 80% you made, and he will tell you that was his whole savings, and sue you for losing half the money you made.
Employers are no better. They will insist your strategy doesn't work because you "lack confidence" in it, just because you aren't as dumb and naive - or just plain unscrupulous - as the other three traders. Then when it does make money, the guy sitting next to you will run and tell the boss it was his trade, and take half your money. Then they will lay you off and invest everything in mortgage-backed securities. "
http://www.wilmott.com/textthread.cfm?catid=38&threadid=78238&FTVAR_MSGDBTABLE=
Riply, one way to sort chaff out from the wheat within the investment world is the chaf, that's you by the way, always talks about 'returns' and 'making big money' etc, they never talk about 'risk' because to them that's usually an after thought.
The wheat however normally always drone on about 'risk' and then they get to possible returns as this is a risk-adjusted business.
So if you want the 'smart money' then impress them with how great your risk is rather than how brilliant your system is.
Good luck anyway and thanks for the laughs...
The wheat however normally always drone on about 'risk' and then they get to possible returns as this is a risk-adjusted business.
So if you want the 'smart money' then impress them with how great your risk is rather than how brilliant your system is.
Good luck anyway and thanks for the laughs...
Quote from AK100:
Riply, one way to sort chaff out from the wheat within the investment world is the chaf, that's you by the way, always talks about 'returns' and 'making big money' etc, they never talk about 'risk' because to them that's usually an after thought.
The wheat however normally always drone on about 'risk' and then they get to possible returns as this is a risk-adjusted business.
So if you want the 'smart money' then impress them with how great your risk is rather than how brilliant your system is.
I cannot deny. The system is brilliant as well.
Quote from Pekelo:
I am the manager of a small baseball team. I have developed a Secret Proprietary Drafting System, what I can use for taking advantage of undiscovered (and lowly priced) talent when drafting new players. So we get more bang for our bucks and be able to compete against richer teams.
I would like to patent this system, so no other team could use it, thus I can keep my edge. Any help would be appreciated...
P.S.: If you own a team in Boston this time your 12 million bucks offer will be accepted....
Too late. The KC Royals already do this. Once a player is worth over a mill a year off he goes to the good teams. Just ask Damon, Beltran, and a whole list of great players that don't come to mind now that have moved on to greatness. The Royals are basically a glorified triple A team. They compete against richer teams while holding their place in the cellar. KC loves those unknown players to be named later. But then the owner has that Walton/Walmart connection so he has the major league walmart club to play with on the same market principles. The New York Macy's and the Boston Red Saks are way out of the the Royals league.