This is a “ take the money and run “ market

[alistera]

Now +90% of account via a 'not take the money and run' trade on Dow and Oil, sure it's at 500x leverage on CFDs but when you can time the entry to perfection, it would be rude not to

 

[alistera]

And +100% return on capital booked for that account holding the past week, the advice of retail traders is spectacularly bad, and on top of that a nice +10% intraday on a massively leveraged EURUSD trade, only took 3minutes

 

[alistera]

I'm more than happy to manage people's money having seeded hedge funds.

But they have to be affluent investors.

The hedge fund I work with uses a 1&30 basis tracked to a benchmark, for example using S&P in 2020 at +18% if the trading is below the benchmark returns it's a 1% management fee, if the benchmark is beaten it's 30% on the alpha profits above the benchmark.

 

[Innervoice]

Today was take the money and run. At least with my ROKU long near the open. I bailed after an .80 cent gain.

 

[Innervoice]

I'm more than happy to manage people's money having seeded hedge funds.

But they have to be affluent investors.

The hedge fund I work with uses a 1&30 basis tracked to a benchmark, for example using S&P in 2020 at +18% if the trading is below the benchmark returns it's a 1% management fee, if the benchmark is beaten it's 30% on the alpha profits above the benchmark.

Are you being honest?

 

[SunTrader]

 

[Innervoice]

“Billy Mack is a detective down in Texas
You know he knows just exactly what the facts is”

 

[nitrene]

I don’t like bottom fishing but in this case I’ll make an exception. KRE is priced for more bank failures. A lot more. The pendulum always swings too far in each direction.

7x earnings, 3.5% dividend yld, IMO downside now limited. Bought Thursday, bout more Friday. Not a trade.
Go ahead, piss all over me. Time will tell.

I think the regional banking crisis is slowing down and really only PACW & FRC are still in risk. I have friends that work at FRC and they told me the deposit flight has slowed down. PacWest will probably survive but I'm not sure about FRC.

Assuming no more problems then the KRE is a steal like you said. Its probably best to just buy the strong regionals like PNC, Truist, Fifth Third, etc.

 

[alistera]

Are you being honest?

I posted the trades I was taking last week in this exact thread which were booked yesterday, the thing is this, everyone asks why not run a hedge fund if you are so good at creating Alpha against a relevant benchmark on 10y smoothed or 5yr/2yr growth or 1yr/3mth volatility, I was incubating a hedge fund (to be run actively) for someone at 50% per quarter to fast track their investor onboarding, and they said "if it's so easy why don't you run a fund yourself".

The goal of running an active hedge fund is that one day you can be sitting on a beach while the employees do all the work, yet trading private and family office accounts I'm already sitting on the beach in a nice 22c while the algos do the work creating Alpha, unless you have some chip on your shoulder with something to prove to the world who would want to run an active hedge fund when you have already achieved the end goal.