Great opportunity for the right person. Back in the day, folks would have killed for this. Wow. __________________________________________________________________________ Just hand over you proven winning strategy for a paycheck - you bring the whole cake and they will dangle an invisible carrot. Who wants to work with a bunch of Wallstreet clowns anyway with a small fund, scraping for a few crumbs? Maybe someone really young buried in massive debt with little hope of ever making it outside corp box is a good fit. "I must create my own system or be enslaved by anothers"
Ahhhh... it all depends how one structures the deal. No if ands or buts, its a HUGE opportunity. I guess I'm old school.
Do you have 100% faith in your abilities to survive as an independent trader? Would it potentially be more lucrative for you?
Yes, i work for a hedge fund so this is my profession. I run my bonus money on my own models also. To answer your question about lucrativity, I get a fixed percentage of the incentive fees the fund i work for gets, as a yearly bonus. That can amount to a lot of money during good years and depends on external factors such as wether management gives me a large portfolio to manage or not and also the overall firms performance. In order to make the same amount of money by trading only my money, i would need to have a starting capital of 15m to 50m. Which i dont have. Additionally, i work with very bright guys so i dont have any incentive to work alone in my basement.
It`s just an incorrect way Ninja calculate Sharpe.I occasionally see those crazy numbers when testing.
Fuck those guys. How many hours you put in a week? Personally, I would rather trade the open from my basement for a couple hours a day and not look at anyone. If you know your shit and adequately capitalized, you can pull in six figures without a problem. I go to the gym, or jog along the lakefront. I'd rather have my time than make 7 figures.
If i were well capitalized i would rather give it to 10-12 hedge funds and have a diversified portfolio rather than waste my energy on the market. I "work" maybe 80 hours a week but a third of that is fancy food and afternoon beers, another third is programming and the last third is discussing with colleagues so i wouldnt say its a pain. I guess its a matter of personnal opinion there's not really any right or wrong.