I would ask, why do you only add once? I'm not suggesting that it is wrong to only add once. I'm just wondering, what is the basis for that...
No, that assumption isn't automatically correct. The trading criteria is broken in your example in that the successful trades only match a...
You're right. Sometimes I go brain dead for a minute.
ES is a much less expensive way to trade S&P500 price action than SPY. You have to trade 10X the number shares in SPY to equal 1 contract of ES....
I'm not a lawyer either. You might be right that the LP definition is simpler in certain aspects. But the LLC rights should be well defined. I...
Personally, nobody has ever convinced me on a good reason to do an LP instead of an LLC anyway. It used to be that all funds were LPs and now...
Re: #2... What I'm saying is that there really doesn't need to be a "conversion" at any time. If you setup the two additional entities now, then...
Yea, I guess maybe I didn't make that clear. I wasn't suggesting that his current RIA be the SMA Advisor. Typically the two are separate...
Yeah, the biggest costs for the pooled structure are audits and admin. Both of which are mostly unnecessary under an SMA structure.
This is just my opinion, and others like Heech are proving that it can be done, but I don't see running a pooled fund with less than $20MM as a...
It should be noted that an "incubator" fund isn't anything special. In reality it is just a product that was invented to sell accounting and...
Highly illegal
Yep, it's VXN. If you trade more than 1 contract, you'll be the entire daily volume.
There should be a statement in the disclosure document something to the effect of, "Mr. Schmoe, the Advisor's principal, does have a personal...
Just one thing to add to Heech's comments on personal account performance. If you use ANY proprietary (or hypothetical) performance capsules you...
Yes, the very definition of a Martingale is that each bet will only recover carried losses, plus the amount of the original bet. So each bet has...
I estimate mine currently at about $200-400MM with potential for decent return. Higher than that would require expansion into other markets and...
I should clarify my statement also. The word 'Martingale' gets thrown around as a title for any type of scaling system. That is horribly...
It's all a question of being able to quantify an edge. If you can't define an edge, then who cares? But if you can, then you must be able to...
Not true at all. There are tons of real traders who scale (average down), knowing that it is pointless for them to attempt to pick absolute tops...
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