After much thought, I've decided to sweeten the pot, considering that my current bounty price may not be enough to interest the best of the best.
$5K after one month + $5K more after six... That part remains unchanged. However, I am now raising the performance linked payout to $5,000 cash for every 1/2 mil I manage to put up in annual pre-tax net, with no ceiling.
For example, say I put up the following hypothetical stats:
2009- $700K pre-tax net.... Your cut would be $5K.
2010- $3.3 mil... Your cut would be $30K.
2011- (Loss of $500K).... No bounty paid
2012- $2 mil... Your cut would be $20K
_______________________
Ok, time to start thinning out the stack of replies due:
axehawk:
What do you trade?
Specifically, what is your "Bread-n-butter" ?
---> Volatile, large-cap, very liquid stocks. Basically, whatever is hot. Recent examples of hot sectors would include financials, coals and agriculture supply co's. AAPL has been on my screen continuously for over 2 years. GOOG was up there too for quite a while, until it got dull in recent months. I'll also play 'one day only news story stocks', which are ejected from my screen the next day. SDS (Double inverse SPY) and SKF (Double inverse XLF, roughly) are also key.
However, I've done plenty of work with futures & options... and really, trading is trading. It's not all that hard to switch instruments when necessary.
____
bahdabing:
"but if you have baggage or a criminal record that's a no-go. I'm not judging you, just putting it down beforehand."
--->No criminal record here- No misdemeanors, no DUI's- Nothing.
Baggage? Hmmm... Does being semi-insane count? Warm temperatures, loud gum chewing and repetitive tapping (Except for keyboard tapping, which is no problem) drive me nuts. I also need to sit with my back to the wall... but these things aren't usually too hard to accommodate.
___________
Shreddog:
I know you're a big hitter, but basically you are asking for what every piker on this board is asking for - an edge.
--->Touché. Well, actually I still have a good number of working edges of my own, to be exchanged quid pro quo. Thing is, my current valid edges aren't sufficient to keep me occupied continuously throughout the day. Some are special scenario edges, and one killer edge only takes a couple minutes per day to maintain. That's not enough though, as I crave to stay in 'flow' for as many hours per day as possible.
And if they have automated software exploiting these edges, why do they need you?
---> Two words: Gray Box. They'd need me. Another example: Think Schonfeld during the Golden Age- The firm had a fantastic system, but they still needed traders to work it.
You've got years of success and experience, why aren't you developing your own new stuff?
---> The working edges I had last year were enough to keep me busy (and in 'flow') throughout the entire trading day, plus a few more hours before & after market hours. This year saw many working edges killed off (not just for me- It's an industry-wide problem in 2008). So I have decent plans for part of the day, and then find myself succumbing to boredom and overtrading during the other part. That needs to be fixed.
I'm always developing new stuff, but at this point I simply have no "6 1/2 hour plan".
$5K after one month + $5K more after six... That part remains unchanged. However, I am now raising the performance linked payout to $5,000 cash for every 1/2 mil I manage to put up in annual pre-tax net, with no ceiling.
For example, say I put up the following hypothetical stats:
2009- $700K pre-tax net.... Your cut would be $5K.
2010- $3.3 mil... Your cut would be $30K.
2011- (Loss of $500K).... No bounty paid
2012- $2 mil... Your cut would be $20K
_______________________
Ok, time to start thinning out the stack of replies due:
axehawk:
What do you trade?
Specifically, what is your "Bread-n-butter" ?
---> Volatile, large-cap, very liquid stocks. Basically, whatever is hot. Recent examples of hot sectors would include financials, coals and agriculture supply co's. AAPL has been on my screen continuously for over 2 years. GOOG was up there too for quite a while, until it got dull in recent months. I'll also play 'one day only news story stocks', which are ejected from my screen the next day. SDS (Double inverse SPY) and SKF (Double inverse XLF, roughly) are also key.
However, I've done plenty of work with futures & options... and really, trading is trading. It's not all that hard to switch instruments when necessary.
____
bahdabing:
"but if you have baggage or a criminal record that's a no-go. I'm not judging you, just putting it down beforehand."
--->No criminal record here- No misdemeanors, no DUI's- Nothing.
Baggage? Hmmm... Does being semi-insane count? Warm temperatures, loud gum chewing and repetitive tapping (Except for keyboard tapping, which is no problem) drive me nuts. I also need to sit with my back to the wall... but these things aren't usually too hard to accommodate.
___________
Shreddog:
I know you're a big hitter, but basically you are asking for what every piker on this board is asking for - an edge.
--->Touché. Well, actually I still have a good number of working edges of my own, to be exchanged quid pro quo. Thing is, my current valid edges aren't sufficient to keep me occupied continuously throughout the day. Some are special scenario edges, and one killer edge only takes a couple minutes per day to maintain. That's not enough though, as I crave to stay in 'flow' for as many hours per day as possible.
And if they have automated software exploiting these edges, why do they need you?
---> Two words: Gray Box. They'd need me. Another example: Think Schonfeld during the Golden Age- The firm had a fantastic system, but they still needed traders to work it.
You've got years of success and experience, why aren't you developing your own new stuff?
---> The working edges I had last year were enough to keep me busy (and in 'flow') throughout the entire trading day, plus a few more hours before & after market hours. This year saw many working edges killed off (not just for me- It's an industry-wide problem in 2008). So I have decent plans for part of the day, and then find myself succumbing to boredom and overtrading during the other part. That needs to be fixed.
I'm always developing new stuff, but at this point I simply have no "6 1/2 hour plan".