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YM Traders
- Thread starter volente_00
- Start date
Quote from volente_00:
How deep are your pockets ?
my pockets aren't very deep, but Im looking for someone who's are. Because my system is firing on all cylinders, I'd like to hook up with some serious trading capital, say $1 mil plus. I think I can do 50% in 10 weeks or less. 20% profit goes to me, however we can negotiate that.
if someone is lurking or posting here with that kind of capital, I'd like to talk. PM me. You've seen what I can do:
11 trades:
9 wins for 591 points
2 losses 24 points
average points per win 60 plus
longest holding period 48 hours
largest drawdown about 50 points
minimum market exposure
excellent at finding turning points.
if someone is interested or knows someone who might be intersted, PM me. Im looking to work with a firm/entity more than an individual, but that's changeable.
blackguard
From my own personal experience you do not want to trade OPM and put up with their BS.
As far as trading size on YM, your trades are overnighters and hedgies will not want to take that market risk overnight without hedging. The return will drop drastically once you hedge the trade. What would happen if you were long 1000 contracts and the futures gapped down 100+ points on another 9/11 or some disaster ? Also the risk management on a unhedged YM size position will be very strict. I know a guy out in Utah that runs a fund, if you want I will run it by him.
As far as trading size on YM, your trades are overnighters and hedgies will not want to take that market risk overnight without hedging. The return will drop drastically once you hedge the trade. What would happen if you were long 1000 contracts and the futures gapped down 100+ points on another 9/11 or some disaster ? Also the risk management on a unhedged YM size position will be very strict. I know a guy out in Utah that runs a fund, if you want I will run it by him.
Quote from blackguard:
I think I can do 50% in 10 weeks or less. 20% profit goes to me, however we can negotiate that.
If you could to that, you would make 250% a year.
And anyone would pay you at least 50%, if you had such a track record.
Also, you could just work at any hedge fund in the world and demand an insane salary.
But can you really do it? You would have to prove not only with 11 trades but over a few years and also not have big drawdowns.
Markets are changing constantly - how do you know that your edge will still be there in 2 years?
Quote from blackguard:
my pockets aren't very deep, but Im looking for someone who's are. Because my system is firing on all cylinders, I'd like to hook up with some serious trading capital, say $1 mil plus. I think I can do 50% in 10 weeks or less. 20% profit goes to me, however we can negotiate that.
if someone is lurking or posting here with that kind of capital, I'd like to talk. PM me. You've seen what I can do:
.............................blackguard
http://www.elitetrader.com/vb/showthread.php?threadid=58143
Actually, if he can make 50% every 10 weeks and he increases his position size only every 10 weeks to reflect the increase in trading capital (i.e., compounding), then the actual annualized return is 659.38%, assuming he trades 50 weeks per year. Therefore, if he starts with a mere $25,000, he would have over $1.4 Million at the end of the second year, and $10.9 Million at the end of the third year. Personally, I would not bother with other people's money if I could generate those kinds of returns. If.Quote from Amnesiac:
If you could to that, you would make 250% a year.
And anyone would pay you at least 50%, if you had such a track record.
Also, you could just work at any hedge fund in the world and demand an insane salary.
But can you really do it? You would have to prove not only with 11 trades but over a few years and also not have big drawdowns.
Markets are changing constantly - how do you know that your edge will still be there in 2 years?
blackguard you're making the fatal mistake of extrapolating a small account to alrge one. one million bucks would buy you 2000 ym's which you'd have massive splippage trying to get in and out vs 5 or 10. if you could avg 20% a year yeasr in year out you'd be one of the top 1/2% people on earth. don't get carried away