What to expect after making 24% for a hedge fund co on their platform in less than ONE month

Discussion in 'Professional Trading' started by ALEXGOLD, Apr 25, 2015.

  1. s0mmi

    s0mmi

    My 2 ticks -->

    I'm not sure if this is a serious post or you are trolling.

    In the trading & investment world, we go off performance & results. You have produced results for 1 month.

    as a Day trader, this is like me, after making $15,000 in a week, going to my prop shop boss and saying "Look at me, Im great, I made profit in a week!"

    He would tell me to shut the f*ck up and go back to my desk and trade.

    If you seriously want $5 to 30 mill investments you will need a consistent track record over 3 to 5 years (depending how much bs you can talk).

    I've had months where I made $90,000 but I also had months where I lost $-7,000. I would not seriously consider investing in anyone unless they had minimum 3 up to about 5 years of experience with a consistent track record.

    Good luck
     
    #11     Apr 26, 2015
  2. toc

    toc

    you were a trader for a bank way back in 2008 i.e. 7 years or more of industry experience and here you are asking potentials of raising money based on 1 month of performance record.

    Don't think you are serious.

    year after few years on consistent basis if you can show 10% returns, then money will chase you bad enough to take your number off the public records.
     
    #12     Apr 26, 2015
  3. ALEXGOLD

    ALEXGOLD

    I approached a good number of venture capital firms, but they do not seed the hedge funds in general and if they do, they don't do it at an early stage. Proprietary firms (Top Water etc.)can provide capital, but the thing is that you can get the same leverage and risk and benefits to your capital going well alone.
     
    #13     Apr 26, 2015
  4. bln

    bln

    Contact Hedge Fund seeder companies. They are specialised in discovering emerging manager talent, they will perform deep due diligence on your strategy, account statements and perform multiple interviews to see if you are cut out for it. 1-2M is peanuts, maybe they start you out to test with that small amount, but will seed +10M if serious. Good luck with your endeavour.

    https://www.hfalert.com/documents/FG/hsp/hfa-rankings/255343_Backers.pdf
     
    #14     Apr 27, 2015
  5. ALEXGOLD

    ALEXGOLD

    Thank you very much for this info.
     
    #15     Apr 27, 2015
  6. The title of your post says you made these returns currently working at a "hedge fund Co on their platform". What hedge fund are you at right now and why aren't they interested?
     
    #16     Apr 27, 2015
  7. ALEXGOLD

    ALEXGOLD

    They have as they say a number (3-4) of funds in the US, most of them are feeder funds specially made for small traders teams. Their philosophy (I think) is day trading and the teams use HFT. One name I know was casyscapital... (no website?)

    What I do is swing or position trading based on price projection prepared somehow with price and volume analysis. And after that I apply time frames to reduce the risks and ignore the trades that can be just a waste of time. Timing gives more accuracy, and I think Time is superior than Price.

    Just one example (daily time frame, but can also be 1 hour or 1 week):

    AAPL_May2015__1d-elite.png

    UPDATE
    So, they asked for extra time :)
     
    Last edited: Apr 27, 2015
    #17     Apr 27, 2015
  8. Yes, the trader was leveraged with AMZN, holding 4,000 shares over an earnings report. VERY DANGEROUS as to the percentage of the portfolio. Sure, it worked with the gap in after hours. Gaps work BOTH ways, and with an earnings miss, he could have lost 20% or more of his account value. Earnings can go either side. Why would anyone, even a high net worth accredited investor, take such risk on this type of strategy?

    I know a guy who was long 2,000 BIDU back in the day when BIDU was in the 300-400 range (before the split). It missed earnings, and gapped down about 70 pts. He was down around 140k on his Ameritrade margin account, basically wiping out his balance.

    Sorry, but this 24% one month return is a fluke, not a strategy. However, if you have a knack for taking concentrated risk over earnings consistently, AND you can repeat the process with these type of outsized gains, then all power to you.
     
    Last edited: Apr 27, 2015
    #18     Apr 27, 2015
    debitspread and i960 like this.
  9. ALEXGOLD

    ALEXGOLD

    You didn't get it. I am not blindly buying anything, or in the hope of something. ONLY if there is a predefined pattern that can be profitable. Even with this leverage the whole portfolio was fluctuating not more than 1.0-1.5%.

    Of course, there was some luck eventually, as I was going to get only about 8% by the end of the month as I told them.
     
    #19     Apr 28, 2015
  10. ALEXGOLD

    ALEXGOLD

    If you could read this post http://www.elitetrader.com/et/index...de-volume-spike-detected.291111/#post-4115873 you can see how real strategies work. I published this just a day ago. And now the market just confirmed it.

    So, why don't you guys take it seriously? I was serious when I started this post.
     
    Last edited: Apr 28, 2015
    #20     Apr 28, 2015