Professional traders working in IB's make salaries somewhere between $100k-$140k depending on their seniority. Any trader (or the desk...
IMO, the most robust way to backtest a systematic strategy is to do the following. I will give a simple example later to clarify. 1) use a...
The combination of naked shorts and long CDS's is even more destructive. Check out these Financial Sense Newshour interviews. The July2008 one...
I'd suggest NetMeter. I found it robust and free from spywares, etc. I only used the stable version 1.1.3....
When I think about several of my friends who are working or worked in hedge funds, I can see the validity of your point here. However, there are...
You have a point about the redemption risk in hedge funds. Are there any of prop shops who specialize in Futures?
Thanks for the great advice. I realize how difficult it is to trade when your chips are low. But it feels more difficult to lose a great strategy...
Thanks for the feedback Anaconda. Most of your points I've already realized in a hard way. About the confidence on a strategy, one needs to...
I admire your tenacity. As stated in an earlier post, it all boils down to whether we have "full confidence" in our strategies. It's hard to jump...
You should be a trading coach. I love the optimism. I congratulate you for the mind power.
That is exactly one of the offers I got going like "we are a team here, we will give you a programmer to help you "automate" your strategy and...
You surprisingly summarized my entire thought process in one paragraph. I know that there must be a few exceptional minds who made it trading with...
Thanks for the advice. One comment about 20k hedge fund layoffs is that most of these guys are not PM's or traders, they're compliance officers,...
I agree. Laid off traders regroup and form new (but small) funds. Any systematic strats with no overnight risk and a track record of ~20% &...
Appreciate your objective suggestions. They're well taken. Thanks.
Thanks for the tip for the legal issues. And you're also right about avoiding more leverage. But I think you're slightly more optimistic than I am...
Great and concise words of wisdom. Thank you. I was warned by several professionals about 2 things which can go wrong when joining a hedge fund....
I am in a crossroad that am sure is familiar to many of you. I have to decide how to move forward from here. I left my quant position in wall st...
Only those hedge funds which had the partners' skin in the game are legit. The rest are ponzis. Remember, the investment banks with brokerage...
Return is not enough. Hedge funds like MLP or Schonfeld won't care if one had 2000% if Sharpe ratio is low, drawdown high and the strategy is...
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