Pro Firm for overnight trading

In my opinion, investors in hedge funds also like the managers to have a significant portion of their own wealth in the hedge fund. This shows the manager has confidence in their own abilities.

So, starting a hedge fund would not be a route to take if you don't want to expose your own wealth to the risk of the venture.


Quote from silk:

What is the optimum business plan for a great trader/investor?

How does an individual best leverage his ability to make long term calls in the market?

I can open an etrade account and invest with 2-1 leverage. Not much leverage and bound by my own capital limitations. What if I only have X amount I want to risk. Severe limitations there.

I can find a prop firm to give me 10-1 leverage. But then if i have a 10% drawdown on 10-1 leverage i would be out of business and they would want more money. Once again bound by my own capital limitiations. And overnight strategies will have greater than 10% drawdowns.

So basically what i'm looking for is a firm to back my trading completely. I need my buying power to not be dictated by my personal wealth. But rather by my skill to be a profitable trader/investor. Does such a thing even exist?

If I see ANF at $9 like it was 5 years ago I want to be able to buy every share i can. If its a good trade, i don't want to have any limits on how much of it I can buy. If I see HD at $22, i want to buy 5 million shares like bill gates did.

What do i need to do to be able to do this? Are there any firms that allow proven traders to trade like this? Or is the only way to do this to have your own hedge fund and raise capital from investors?
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Quote from Nutzo:

"WANDERING".............hmmmmmmmm
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Yes. I spell it, "wandering", which without thinking about it is obviously correct to anyone who speaks...hm...how you say it? "Engalash". Ironically, I happened to be doing it at the same time.
 
Whats the problem with wandering....???

Anyway....Any hold brothers traders here... Curious how there great neck office is in NY.... Very close to me...

any other firms in LI NY...

Thanks

Nick
 
Quote from tradetheplan:

People are doing what you are talking about at Schonfeld/Opus. If you prove yourself - $20 mil buying power is a definitie possibility -- and you do not have to put down a single dollar.Trading 100% the firms money puts things in a whole different perspective and takes your personal finances out of the trading equation. Many people (including myself) have regrettably left Schonfeld for what they thought were greener pastures only to find that they should not have been changing firms but working on their trading skills in the tougher market environment - in most cases, its not the firms - it all comes back to the individual traders. Schonfelds model now is to find great traders - and back them to start up hedge funds. If you are looking to do something on a large scale there are probably a few firms - SAC (probably impossible to get in), FNYS, DE SHAW, and Schoney.
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for every one opportunity there are many respondents that only wish the firm would take them under the wings and make them complete and successful.

thanks for mentioning the firms, perhpas they will expand the number of potential seats available ....
 
actually, i'm sorry.

Its been a rough day, on top of a rough week.

Theres no need to be so snappy. I can't spell anyways.

Sorry about the bs zdreg, I was not thinking.

best wishes.
 
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