Trader Required

[ironchef]

Oh yes, I know Chong and he is very bright. But if you ask him to be honest about his success, he will tell you that it is very largely a matter of luck, something which his huge volatility will also attest to. As the article points out, crazy rich Asian 'investors' (gamblers) will take these massive risks. Unfortunately, my client will not. We really don't want to see annual returns of more than about 20%. I'm sure you can understand that. But thanks very much for the heads-up.

Perhaps Chong's performance was just lucky or perhaps not.

You however are a very lucky man: You are lucky to be born (out of millions of sperms, yours got lucky), you are lucky to be born in Malaysia instead of in the jungle inside the Republic of Congo, lucky to be born when you were born instead of 1000 years ago for none of which you could control.

We are lucky we can post here talking about our outsize successes because we are in the middle of the longest bull market in history, skill be damn. Maybe your Singapore friend was lucky, maybe not, he was the only one with that amazing return, so could be he was just modest, like most Singaporeans? You job is to determine who is lucky who is smart and invest accordingly. Now that is where your skills come into play.

Also, your dilemma is frankly $10M - $100M is an awkward sum, too small for someone who is very successful trading his/her own fund. Imagine asking @destriero to manage $10M for you? A 2% fee on $10M-$100M AUM is just not worth the trouble unless he/she is already managing a large sum of OPM in which case you are not going to dictate terms.

Happy holiday to you and your family.

 

[destriero]

I had no interest in managing this guy's money.

2%? I earn 40% on high-water as a founding partner at CC. 2% is a fee-structure for RIAs.

 

[guru]

I had no interest in managing this guy's money.

2%? I earn 40% on high-water as a founding partner at CC. 2% is a fee-structure for RIAs.

So all he needs to do is to hire 100 McDonald's workers, giving them $1M each to handle.
No, wait, at 2% that's still less than they're already making.

 

[Overnight]

So all he needs to do is to hire 100 McDonald's workers, giving them $1M each to handle.
No, wait, at 2% that's still less than they're already making.

If this person wants to work with me, it would be a 50% fee. He gives me his ephemeral 100 million, I keep 50% of the profits I make on his money. After all, I am doing all the work, and the mental sweat, and the tears. The Russian oligarch is sitting back and enjoying the ride, and is standing by the moment I have a losing day where his NAV drops a grand. There are snipers pointing their scopes and laser sights at my head 24/7 for the rest of my days.

"$10M to $100M." How stupid does that shit sound? Seriously? Is it 10 million dollars, or 100 million dollars? Because in my second-grade math class, I learned that there is a HUGE difference between the two numbers.

 

[SunTrader]

Hey O, I'm surprised you hadn't posted this one yet:

 

[Overnight]

I'm not down to that level of silly yet.

 

[vanzandt]

I need the services of a trader for between $10 million and $100 million trading capital.

I need to see a three-year trading track record, including trades and close-outs, please.

Thank you.

Richard

I'll do it.
Send me a PM.

 

[Dewey]

I need the services of a trader for between $10 million and $100 million trading capital.

I need to see a three-year trading track record, including trades and close-outs, please.

Thank you.

Richard

What Roi? draw down? sharp ration are you seeking?

there are system that do 20% to 40% year roi with 5% draw down
and systems that do 100% with 17% draw down.
email me thedeweysystem@gmail.com

 

[Spooz Top 2]

I'm not down to that level of silly yet.

So... How did this Manny from Nigeria thjing work out? You ever speak to him!

 

[Overnight]

So... How did this Manny from Nigeria thjing work out? You ever speak to him!

Yeah, I had to marry the Prince and give birth to many new children. Then the Covid thing hit, and I also got AIDS. Bottom line? I gave him all my money, and all I got out of the deal was a clutch of unwanted kiddos.

But now with the new fiscal stimulus, I get 500 bux per tyke. So with 10 kids, I can now retire. I feed the unwanted kids to the dogs, and mo' money, mo' money, mo' money!