As an example, look at the calibre of people hedge funds hire. You have to live in the real world. https://www.efinancialcareers.com/jobs-Hedge_Funds.s015 Usually need advanced degrees in math, physics etc. Occasionally Phd degrees. Best is from a top tier university. Increasingly, programming skills. Here is one where they require a track record of producing $2mil P&L. Minimum masters in a quantitative field. https://www.efinancialcareers.com/j...DER_-_HFT_PROP_FIRM_NEW_YORK_BASED.id05515367 I wish the world was fair and a retail day trader with no qualifications could compete, but they have thousands of hungry candidates for these jobs. Only the best get through. I am sure Desterio will send them his IRA account stats (with all the commas) and get the job I forgot to add. The narrative from the 'feel-good' motivational speakers and gurus is that 'you too can be a millionaire' despite the empirical evidence. People essentially 'want to believe'. Unfortunately, if you do not fulfill requirements like 1 Elite qualifications 2 High level mathematical skills 3 Programming skills 4 Verifiable track record 5 Location issues- being based in a major financial centre The odds will be so stacked against you then defacto it will be nearly impossible. That's the reality. Equally, fund-raising for a hedge fund without the above PLUS 1 A team of similar people - including track records 2 CONNECTIONS and SALES SKILLS 3 Solid and risk-free structure (auditor, prime broker, operations, IT and licensing). This costs money. is defacto impossible. Now remember, a lot of people (in fact, the majority).. with all of the above...fail at their hedge funds. Nobody likes to burst bubbles, and I am sure someone will sell you the dream that 'anyone can do it if they work hard' (for a fee of course) but you have to analyze the trade/game. So the only way to win at the game is identify these factors and get them i.e. understand the trade/game and obtain the connections, qualifications etc. And that's only to get a seat at the table. It was easier years back when HF were new...now with alpha being squeezed and a declining model, expect this trend to get worse.
An easier trade might be to fill a room with gullible, low-IQ people and offer them training for £10k each. £300k risk free- over the space of a few hours. Here is one company I researched... https://www.bbc.com/news/uk-19909942 https://www.dailymail.co.uk/news/ar...-driving-300-000-Lamborghini-erratically.html His clients were paying for the car and...ahem.... the fine.
It's an end of year statement. You failed to provide the entire run, but it's clear to anyone who is looking that you produced a run with a zero balance. Ostensibly, it would have helped your case to provide... an actual dollar figure. @schweiz the baller:
%% I agree; with most all of that, Mr Robert + Cityboy12. [#11]I assume the big bear trend /downtrend chart in HFT from 10 billion bucks to 1 billion bucks profit in WSJ, is correct. BUT I profit off trends , not HFT-LOL. [#8]I don't think trading/investing is gambling @ all or anything close to it; even though WSJ likes to confuse the issue LOL. Having said that i did gamble for quarters,+dollar$ in a pool hall, when younger; commissions were so high then -that was scarey .LOL And while $00 .25 levels could helpful in trading or investing ; I never though Walls Street got that out of pool hall gambling.LOL-LOL The strangest pattern in trading is so many including me liked to leverage ignorance when learning. Good points.
Very much agree with most of what you say. I won't expand here but you are right. These managers have a period in the sun when things are going well for them and then the crash and burn like JW Henry and so, so many others.
I'm not fussed about you picking a fight with me at all. I am merely wondering about your bizarre psychological make up and the inadequacy beneath. I am genuinely puzzled by aggression where none is called for. It's an animal thing, a darwinian evolutionary response. Some of us control it. Some of us are unwilling or unable to control the bile.
Darwinian? You think that the overwhelming sympathetic response is for fight over flight? It’s not, BRO. Flight results in parabolic population growth. Your existence is proof of that. I must be compensating for something. You should fund a study!