Since you're neither an American nor even peripherally in the industry you don't realize that neither I nor any other trader here can legally post their personal performance on a prospectus for another legal entity. I am not applying for membership-a newly formed LLC is. That's the way it's done. IOW's Paul Jones is not a CTA-Tudor Investments is the CTA and Jones is a principal. Which is why most start-up CTA's post a hypothetical. It's not that they don't have a record-they don't have a record in their registered entity.
There's a good reason for this-I'm a perfect example. I've traded 3 different accounts in three years. I've probably had 20 accounts in my career. The CFTC/NFA are very cognizant that guys used to open multiple accounts and pump one of them with winners. Used to be very common. Worked like this. You open 10 accounts in various LLC's. You buy calls on 10 different markets-1 market per account. Nine accounts wind up with worthless premium-1 has a 10x return. Which "track record" gets pitched? That's why the whole "audited" bs you and loZZZer talk about isn't acceptable to regulators. Great I have a real account but what they don't know is HOW MANY accounts I have. In fact to be honest-I actually just thought about it- around 40k of my futures gains in 07/08 were from short ES trades I made to protect a long dividend stock position in my trust. Or what if I'd bought a zillion ES puts against the anticipated fall in my home value. Kosher to sell THAT track record? Or can a farmer who hedged short Corn and caught the highs tell investors "look at me I made a mint in Corn futures"? Hardly. I've told youi before I don't view you as an idiot but do I think you're bright? Obviously you're not. Look at my last name. Duh, I know something about the fund industry.
Now this for sure will be my last post on this thread. You don't trade so you're a a lad with a lot of time on your hands but not with a plethora of knowledge.
There's a good reason for this-I'm a perfect example. I've traded 3 different accounts in three years. I've probably had 20 accounts in my career. The CFTC/NFA are very cognizant that guys used to open multiple accounts and pump one of them with winners. Used to be very common. Worked like this. You open 10 accounts in various LLC's. You buy calls on 10 different markets-1 market per account. Nine accounts wind up with worthless premium-1 has a 10x return. Which "track record" gets pitched? That's why the whole "audited" bs you and loZZZer talk about isn't acceptable to regulators. Great I have a real account but what they don't know is HOW MANY accounts I have. In fact to be honest-I actually just thought about it- around 40k of my futures gains in 07/08 were from short ES trades I made to protect a long dividend stock position in my trust. Or what if I'd bought a zillion ES puts against the anticipated fall in my home value. Kosher to sell THAT track record? Or can a farmer who hedged short Corn and caught the highs tell investors "look at me I made a mint in Corn futures"? Hardly. I've told youi before I don't view you as an idiot but do I think you're bright? Obviously you're not. Look at my last name. Duh, I know something about the fund industry.
Now this for sure will be my last post on this thread. You don't trade so you're a a lad with a lot of time on your hands but not with a plethora of knowledge.
