dilettante? still not the slightest sign of knowing your limitations. At one point I had seen prop agreements which worked with just about every major clearing firm. At one point I worked as consultant to a few prop firms. I helped a few people set up hedge funds. These people came to me.... I was not advertising or anything. And one of the reasons I knew this stuff is I owned part of an LLC... which because the industry was in such flux and the regulators were constantly changing rules... I saw numerous agreements from different clearing firms and I also saw different agreements that our LLC had with different exchanges. I even sat through an audit from Nasdaq... I believe because a co owner of mine at the time made claims about making 400 percent a year. Regulators did not like traders making claims on the internet. Every few years I had to fight to keep my capital and my traders capital in separate pods. I did not want to be exposed to the guys arbing takeover targets and even the groups who were doing massive opening orders. I closed down my firm when vol was drying up and the traders in my office were taking bigger risks. I was lucky to get out with most of my capital. I went away one friday. A trader blew up and took a bit of my capital with him. I saw the writing on the wall and closed up.
WTF does this have to do with Max's sideways capital structure?! I don't want to hear your fucking anecdotes. Answer the question... what did I get wrong about Max? Separate pods you say? You structured it in "separate pods?" I don't recall that in any K1 document. Sub-LLCs within your capital structure? BULLSHIT. Separate pods...
Deposit prop jerkoff #1 also fails spectacularly. If you made a deposit you were not a prop-trader. If you didn't sign a K1 agreement you were not a prop-trader.
Says the guy with the 450 FICO that sent his cash to Panama to trade "prop" Again, correct me. We're waiting.
I sent it to gibraltar, not panama theres one mistake. The second mistake, i started and traded with EchoTrade for years and made hundreds of thousands of dollars with no problem. Dodd-Frank put firms like Echo out of business, theres three..... how long do you expect me to engage a fucking idiot?
As long as you continue to talk to yourself. Everything that I stated was accurate. You never mentioned EchoTrade nor the offshore domicile. Did you sign a K1 with Gibraltar? lol. You absolutely deserved to be parted with your cash. Too bad the taxpayers got stuck with your foreclosures when you fled North of the border. Unreal that they won't let you back in!
Do you think there was k1's in gibraltar? Do you think it was above board? what do you think the reason i went to gribraltar was after dodd-frank? You think i went there looking for a firm that was above board? You are an idiot. You just repeatdly make a fool of yourself, im done now, this time for good, have a good one.