Gonna jump; need advice

Discussion in 'Professional Trading' started by Guerilla, May 29, 2002.

  1. Hey, let's give Guerilla a little credit. He has a lot of experience in a trading environment. I'm guessing he knows how tough it is. He may be independently wealthy, a 6 figure gig may not mean jack to him. He may have investors lining up to back him. He may be planning to establish a track record for a few years, then start his own hedge fund.

    Most of us are straight directional traders. We look at the bottom line and compare it to what a 9-5 job pays. You'd have to have a big account and be a heck of a trader to do mid 6 figures.

    A lot of managed money is run totally differently. They are looking at doing 50 basis points better than t-bills. If you can do it with little risk, institutions will line up to give you money. An awful lot of investors with serious money are not interested in shooting the lights out. Theyare already richer than they know what to do with. They want safety and low drawdowns, no blowups, a little better return than CD's or bills, a strategy that their advisors are cool with and most of all no surprises.
     
    #41     May 31, 2002