Ahhh you called the State authorities to talk about a newsletter. Did you tell them you are calling yourself a hedge fund advisor or calling your fund a hedge fund? Are you telling people that you are tracking hypothetical results? I will tell you what. Let's put this to rest right now. Le me know what State you are in and I will call and report the posts you made. If everything is on the up and up then no problem as you claim. If you are violating SEC rules then you will get a letter from the State. I think that is fair since you say you are doing nothing wrong and Baron is not risking his site's reputation for allowing the postings.
Im amazed that anyone would have the patience or time to read through these long-winded threads. It appears to me that the poster here is attempting to gain some type of attention which is notable and to be commended. He might also be trying to learn through posting his logic and collecting feedback in regards. Its nice to see someone sticking out their neck in the public eye to gain attention. A good effort. However, I dont think he is going to do it through long-winded threads such as this one. If its in violation of the SEC guidelines, I dont know. Im not going to take the time and trouble to read through it. Im amazed at how others have taken their time to read through it. My advice...work on presentation skills. If your trying to seek attention through message board threads, then work on your "elevator speech". Post up threads short enough that can be read in the time it takes to ride an elevator. Thats all the time most readers will spend in reading it.
Since you are so concerned yes, all results are hypothetical and no I will no longer refer to these as "Hedge Funds." <i>I did not know that the regulatory agencies have exclusive rights to the use of this term.</i> In the past I did not post the first paragraph of my newsletter, but if this is a problem here-to-forward I will "cease and desist". For the record these are hedge fund-like returns, which is my point! Most everyone understands this. Gilbert
Port1385: Your viewpoint is appreciated. I am hesitant to repost my newsletter here (from my website) and would much prefer it to be a link - but that gives a re-direction to my website and is against ET policy. So I either repost it and omit the website name, replace "hedge fund" with "covered call fund" and "hedge fund manager" with "fund manager" - or do not post it at all. What I don't think people realize is that within this very exact material IS the key to actually performing as such. So I am thinking it (like you say) is most affirming for me as a manager, but that also others may in time connect the dots. With respect to the concern brought forth by optioncoach, spamming is not the issue at hand - nor are title's. I am mostly pleased to actually be able to manage these returns - in the very straightforward manner depicted here. pS
Look lets cut the shit and talk straight. If you post in a public venue and call yourself a Hedge Fund Manager and reference your Funds (whichs is BS since you admit there are no Funds but hypo results) then you are giving the impression that you are running a Hedge Fund of sorts. It means nothing of what you mean in your head. I told you straight up, I have had friends investigated by their State for less explicit language then you are using. If you think I am out of my head or my legal familiarity with SEc rules and regulations is not worth listening to then by all means continue as you are. Let me send the link to enforcement@sec.gov and your State and if they agree with your interpretation then I humbly apologize. But any public notices that implies you have a hedge fund and are a hedge fund manager and you are discussing results as though they are real results of your fund, you are violating SEC rules. Plain and simple, google it and find out. Newsletters are allowed under SEC rules under certain circumstances. Your posts and site are filled with "Fund" and Hedge Fund" language. Take the free advice now before it is forced on you later. Again, if you think I am way off base, just let me know what State you are in.
What reason are you posting this information? If your looking to gain investors, this isnt going to work. This is just wasting your time. Hedge funds do not look for investors in this manner (i.e. posting newsletters on message boards) Second, there are better ways to call attention to yourself as a notable trader through the internet such as posting real time calls, brokerage sheets, p&l and following-up, etc. You wont need to write long paragraphs if the calls you make are good. My suggestion is to end this thread and simply start one posting calls, charts, brokerage sheets, etc. If your wrong, no worries. We all have been wrong and lost money at one point or the other. You can gain valuable feedback from others to improve. Now if your calls are consistently right and it appears your profitable, I can guarantee that someone will be knocking at your door...maybe... Bottomline...the path you are going down now isnt the right one, try a new one.
Training, training, training that is all I have been doing all these years. Perhaps that is why I continue with said thrust. What am I looking for? Nothing. I now know that I am well able to do exactly what I am doing. This will provide plenty of trading capital from subscribers to my (7) C2 systems and covered call website. More importantly, what I am doing is (like you said) going to provide a track record that will eventually provide me with managed accounts, hedge funds or whatever I want. Since I have never gotten any affirmation that can attest to the fact that my covered call approach does average 50%+ per year I am just proving this in these coming months. Since I have never been presented with a more accomplished goal or proof of a higher return over more than a few years, some of what I am doing is personal. I have taken much gruff. So at first it was simply to prove to myself and now I guess I am proving it to the nay-sayers. You are right in that not much can be accomplished from this effort, but at least I will have a record that says I do exactly what I say I do. In some respects I am very patient and in others I am not so much patient. Of course, I know that when all is said and done I will definitely have made all the necessary inroads to get to where I want to be in a couple of years. Lastly, I am giving society the benefit of the doubt in that perhaps one day soon my goals can be discussed as a high achievement - especially contrasted with known "top" funds and wrt to the ease with which they are attained. Finally I would like to discuss the newly formed and various avenues with regards to where these efforts may one day lead as the merits of each (for me, since I am not a genius) are the true interests I want to discuss. I am no one from no where when it comes to all these ideas and I sincerely to hope to (soon) have honest, constructive dialogue. I guess I HAVE TO first prove my initial goals. Yes, I am again being longwinded - but no one (it seems) understands these simple efforts, ideas and concepts!!! Gilbert
Yes, I know that no one cares and hardly anyone reads this thread. What good is starting a new thread. I can say I have accomplished this annual rate of return with covered calls and my underlying edge is now being proven with futures to the tune of about a 3-fold increase in return. I have no real capital, and my original intent (before I got caught up defending the CC approach/said returns) was to perhaps find interested parties that could collaborate on a relatively small fund (250k - 1M). Are posted results and PM'd discussions in violation of ET policy? Monthly results could be granted investors. After 52 weeks my 25% gain (fees and commissions not included) isn't much, but it does beat the market and many funds. This initial effort was simply to be a test phase. Given that past stated returns are acceptable a simple comparison with past market gains and fund returns would verify said annual average return is in fact being accomplished. More interest would then be generated to manage say $5-10M - knowing exactly what will be produced from said sum over 3-5 years. By now this is all a moot point, since I basically had this conversation with myself and well my C2 results look promising enough that I may not need to do anything more. Within the next couple of years I can take this effort pretty much anywhere. But bear with me on this thread and with ET policy and with SEC warnings. . .I can continue to create my own journal wrt what I am doing for myself. Persons affected one way or another can simply unsubscribe/refrain from posting or replying to me. Gilbert aka Paysense