Save money and do what it takes to get enough money to trade it and then you can do what you want if your systems are any good. Good luck!Quote from paysense:
They're not. I figured my system or approach would soar as soon as we get a "normal" 4-6 month rally. After all 2007 begged for one up until the market started correcting in the summer. . .then the Fed stepped in with a <i>surprise</i> discount rate cut and threw the whole process off.
Anyway my system (unlike my covered call approach that just goes to cash - to still hugely out-perform or get a "leg up" on the market) can make some gains with corrections/bear market's which added to the gains from the 2-month rally in 2008 from March to May.
That would make my system <i>hugely</i> popular, so now I have to bank on <b>longevity</b>. I just recently broke into the top 10 rank of FUTURES systems - mainly because precious few can be profitable past 1 year (only 50 of all 7000+ C2 systems that have come and gone the past 5 years).
I am in the top 20 of all systems (stock, futures, options, forex) and with a few months of the same performance (or much better when we finally rally for 3 months or more) I will easily move into the top 10 of all and the top 5 of futures.
You see my system is designed to approximate 200% per year (it has a 32% max drawdown) AND to have great longevity. This past year only allowed 115% return. By default I will be in the top 5 of all systems.
I say all this because right now no one cares and are not even following my system - - but I think they eventually all will!
You see, I don't even have any advertising money. That would force the system to be constantly viewed more and have subscribers.
Just my current situation. Now that my routine is just 2 hours a day (I was going 12 per day, 6 days a week for a couple years to fully exhaust every known/needed variable for my system) I am thinking of working part-time or proliferating MySpace or going to investor meetings.
I won't need much to get started. I am still on my <i>break</i>. Unwinding the stress these past 6 weeks. Gonna give it a couple more. Who knows maybe someone at EliteTrader will step up and facilitate to make the process seamless.
Kind Regards,
Gilbert aka Paysense
SO EASY a Caveman Could Do It!!!
- Thread starter paysense
- Start date
Oh pleaze! As a system provider (i see you got out early too w/ Doug's lookingforatrader.com plan) you must know that no system works in all climates.
Read a bit. Mine can only be <i>improved</i> with a decent trending market. The rest is all about patience and proper risk management (keep losses at a minimum).
I'm ALL FOR an April that tacks on say another 15% for the S&P 500. But I am not clairvoyant. That is what I like about my management approach. Look at any 5-year market period and you will see plenty of tradeable rallies and corrections. I just tailor my trading in accordance with this. Takes a ton of pressure off me, <b><i>but I do want to get started</i></b> - which is causing controlled anxiety.
So perhaps once this type of market we have had in the last 1.5 years is gone. . .making gains will be even easier!
<b>dafeeder</b> is correct. Once a decent account is in my name - c'est la vie! I just need a start and will get it eventually soon. IMHO, said person(s) will be very fortunate. People say I'd be crazy to then turn away ANY money. But the math just does not add up to bother.
The main thing for the people I want to work with now is that they understand what it is I am going to deliver, get their expectations in line and understand there will be periods of lackluster gains.
Holding onto the majority of past gain, while the market tanks is as good as their best desires. I just don't need antsy types to want to jump to the next "flavor of the month" like standard hedge fund OPM.
FWIW - I re-evaluated my futures system accomplishments and <b><i>had to get my expectations</i></b> in line. I need to track past results (compared to the market) with the upcoming 3-6 months to really put the final touches on what I say I know I can do - and just do it (some more).
But it doesn't hurt to have people in the process watching to see and maybe be the first to partner up.
p$
Paysense -
Sorry to say this, but you are delusional...time for a wake-up call in this economy and environment where hedge funds and private money are just dying. My best friends brother in law has just started looking for a job after his small hedge fund just imploded from investor withdrawals.
The real world stats for him:
Last year's income: $1,000,000.
This year's estimated income: $200,000
Wake up and get real.
I'm outta here.
Sorry to say this, but you are delusional...time for a wake-up call in this economy and environment where hedge funds and private money are just dying. My best friends brother in law has just started looking for a job after his small hedge fund just imploded from investor withdrawals.
The real world stats for him:
Last year's income: $1,000,000.
This year's estimated income: $200,000
Wake up and get real.
I'm outta here.
NON$EN$e lives in his parent's basement so there is still hope for him.
Come on let's take up a collection for him so he stops begging for money here!
It looks like Gilbert is already peddling his snakeoil!
http://www.kingdomcapital.com/services/services.htm
$URDO
Come on let's take up a collection for him so he stops begging for money here!
It looks like Gilbert is already peddling his snakeoil!
http://www.kingdomcapital.com/services/services.htm
$URDO
I've never heard of a "hedge fund manager" who was so accessable!
"You may contact the staff at Kingdom Capital Training Institute by using the form below.
Or speak direct with our Hedge Fund Manager NOW at (cell) 3xx.3xx.9xxx."
Now that's customer service!
"You may contact the staff at Kingdom Capital Training Institute by using the form below.
Or speak direct with our Hedge Fund Manager NOW at (cell) 3xx.3xx.9xxx."
Now that's customer service!
It must be the coffee, right? I finally updated this Collective2 "contra-trading" System Strategy chart.
"Profit from the <i>unlimited</i> supply of "failed" systems by developers at C2!" <b>Reverse-Trade</b> a portfolio of these "destined-to-crash" systems. Simply pick the most-popular, highest gainers this month and watch your account grow!
<b>This currently equates to a 53% APR with a 4% DD or a Calmar ratio of 13.</b>
Disclaimer: It really is too early to tell on this one, just 4 months old.p$
"Profit from the <i>unlimited</i> supply of "failed" systems by developers at C2!" <b>Reverse-Trade</b> a portfolio of these "destined-to-crash" systems. Simply pick the most-popular, highest gainers this month and watch your account grow!
<b>This currently equates to a 53% APR with a 4% DD or a Calmar ratio of 13.</b>
Disclaimer: It really is too early to tell on this one, just 4 months old.p$
