Sorry, I am a skeptical retail guy. I read your posts carefully, they are quite educational so I appreciate your participations. I am responding to your post not in disrespect but as an observation. When I looked at the performance of hedge funds, actively managed mutual funds, most of them don't do any better than passive funds, so those managers really don't have a "winning formula" to share, they are just asset accumulators living off fees. My conclusion is it is much easier to get rich by living off fees and services than by trading so anyone who can will try to get rich with fees and services rather than trading for oneself. Perhaps you are an exception and if so my hat off to you sir. My respect goes to my fellow traders who risk their own money, live and die by their own skills, without the safety net of fees or OPM. Best wishes to all.