need advice to whether to join a hedge fund or a prop shop or to go solo?

clambill · Mar 15, 2009

Quote from Nattdog:

This system, as good at it may be, is just one system. A good system developer can come up with a number of good systems over a course a few year. As much as one feels attached to ones creations and feels pride/does not want to share, the ultimate purpose for any system is to make you money and get you to where you want to go in life.

Given your circumstances, how about this:

Study up on internet marketing, set up a web site, and sell this great system for 1000k a pop. Once you fine tune the marketing, That will give u the capital for whatever you want to do next.
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Advertise in Futures Truth perhaps? That's John Hill's publication if I'm correct.

vita · Mar 15, 2009

Quote from Nattdog:

I would forget Working for a hedge fund. Unless you have a personal connection with the owner, most today are looking for grunts to put into wage slavery/pilfer ideas from. So many have this illusion that "hedge fund" is a holy grail of trading, which is a myth. Hedge funds do to tech people what most companies do: Leach as much value as possible while offering as little as possible in return.
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When I think about several of my friends who are working or worked in hedge funds, I can see the validity of your point here. However, there are some hedge funds with a better business model, e.g. Millennium Partners (MLP) which offers a carved out deal including a silo'd trading environment and a small monthly salary.

ventus · Apr 2, 2009

Quote from Nattdog:

I would forget Working for a hedge fund.

Unless you have a personal connection with the owner, most today are looking for grunts to put into wage slavery/pilfer ideas from. So many have this illusion that "hedge fund" is a holy grail of trading, which is a myth. Hedge funds do to tech people what most companies do: Leach as much value as possible while offering as little as possible in return.
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hmm... i can see that you haven't been employed at a hedge fund and yet seem to think you know so much about them.

and what is this "myth" about hedge funds?
...that you can't make some serious buck working at one?
- you can.
...that they use you to pilfer your ideas?
- you're not that special (or smart).
...that they leech from you and offer nothing in return?
- well, they offer money. lots of it and that's good enough for me. (see previous response as well)

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need advice to whether to join a hedge fund or a prop shop or to go solo?

clambill

vita

ventus