I met a guy who trade futures from 30K to 1M in 2006. In the 12 months, only Feb and Dec, he has loss. He mainly day trade or at most carry the position for 2 overnights. However, looking at his trades, I found this: he made 30k to 250k in the first 3 months, then he keep withdrawing money, once his account reachs 500k, he start losing. He told me that once 500k, it is difficult to get in and out quick enough. Here is the deal, he has 250k in his account and his friend gives him 100k, and I have the option to give him 100k. The good: He makes money in trend (2006 early copper) or trendless market (Q4 2006) He is using 100% of his margin overnight, across all futures. He is mainly day trading in and out, so less risks. He does not carry one future overnight. The bad: I only know him for 1 day. His transaction is confirmed and verified by his broker in front of my eyes in their computer system. Once reaching 500K, he start losing. He regularly carry 100% margin overnight. What will you do, should I do here now? Invest or Not? He will take 30% cut of profit. Comparing this to most hedge funds, I get a better deal. and My performance is only 100% a year. Here is his account chart Remember Larry Williams turned 10k to 1million in 1 year. This 30yr old guy is by far the second best I ever know. They all seem to do the similar: 1 Start small 2 Gain quick in first 3 months 3 Most day trade or over 2 nights 4 Lost once account reaches certain size.