If you really need professional rates to be profitable, you probably don't have an edge. 80 cents a round turn should have a very small effect on your PL. That is the only clue I need to tell you to go back to the drawing board.
All creditability just flew out the window. The "predictions" are the same as yesterday with today's date.:eek: And the forum is still receiving spam. Amateurs' half hour. Done. Next PHD ,please.
in terms of system trading, Phd could have some advantage. for manual discretionary trading, i agree with you.
Problem is with PHD's system trading: They either never go live because it's never finished. Or they stop it because they can't handle it psychologically. Seriously, avoid PHD's in the trading business. It's known to fail. Ask the big guys.
I have a phd, but I consider myself so far successful. james simons, de shaw,etc, they are even professors
While I'm sure you must know better than the investment banks who hire them to trade, do I sense some empathy here?