After much thought, I've decided to sweeten the pot, considering that my current bounty price may not be enough to interest the best of the best. $5K after one month + $5K more after six... That part remains unchanged. However, I am now raising the performance linked payout to $5,000 cash for every 1/2 mil I manage to put up in annual pre-tax net, with no ceiling. For example, say I put up the following hypothetical stats: 2009- $700K pre-tax net.... Your cut would be $5K. 2010- $3.3 mil... Your cut would be $30K. 2011- (Loss of $500K).... No bounty paid 2012- $2 mil... Your cut would be $20K _______________________ Ok, time to start thinning out the stack of replies due: axehawk: What do you trade? Specifically, what is your "Bread-n-butter" ? ---> Volatile, large-cap, very liquid stocks. Basically, whatever is hot. Recent examples of hot sectors would include financials, coals and agriculture supply co's. AAPL has been on my screen continuously for over 2 years. GOOG was up there too for quite a while, until it got dull in recent months. I'll also play 'one day only news story stocks', which are ejected from my screen the next day. SDS (Double inverse SPY) and SKF (Double inverse XLF, roughly) are also key. However, I've done plenty of work with futures & options... and really, trading is trading. It's not all that hard to switch instruments when necessary. ____ bahdabing: "but if you have baggage or a criminal record that's a no-go. I'm not judging you, just putting it down beforehand." --->No criminal record here- No misdemeanors, no DUI's- Nothing. Baggage? Hmmm... Does being semi-insane count? Warm temperatures, loud gum chewing and repetitive tapping (Except for keyboard tapping, which is no problem) drive me nuts. I also need to sit with my back to the wall... but these things aren't usually too hard to accommodate. ___________ Shreddog: I know you're a big hitter, but basically you are asking for what every piker on this board is asking for - an edge. --->Touché. Well, actually I still have a good number of working edges of my own, to be exchanged quid pro quo. Thing is, my current valid edges aren't sufficient to keep me occupied continuously throughout the day. Some are special scenario edges, and one killer edge only takes a couple minutes per day to maintain. That's not enough though, as I crave to stay in 'flow' for as many hours per day as possible. And if they have automated software exploiting these edges, why do they need you? ---> Two words: Gray Box. They'd need me. Another example: Think Schonfeld during the Golden Age- The firm had a fantastic system, but they still needed traders to work it. You've got years of success and experience, why aren't you developing your own new stuff? ---> The working edges I had last year were enough to keep me busy (and in 'flow') throughout the entire trading day, plus a few more hours before & after market hours. This year saw many working edges killed off (not just for me- It's an industry-wide problem in 2008). So I have decent plans for part of the day, and then find myself succumbing to boredom and overtrading during the other part. That needs to be fixed. I'm always developing new stuff, but at this point I simply have no "6 1/2 hour plan".
Trading in a group-setting is less about edge and more about immersion. Any single edge you're likely to encounter will predominate in micro-caps. Equity vol is very exploitable right now.
D.E. Shaw seems like they'd kinda be your style, but they're a standard hedge fund-slash-PE firm, and possibly too academic to mesh with innate, risk-hungry prop traders. They're unique though, and go for pattern recognition talent in uncommon disciplines.
Nattdog: http://www.bam-us.com/careers.html am i wrong or is this not the same Dmitry. They look to have a chicago office, why not apply for a position there? ---->Yup, same legendary guy. As much as I'd like to openly answer your question, to do so would be a betrayal toward Dmitry- So I just can't. SethArb: why not go back to Shoney ? --->From what I hear, it's a strange situation there these days: They require their traders to put up their own capital now, but being overly cautious toward the regulators they only give you retail margin (4-1 day, 2-1 night), nothing more. Besides, I've seen no evidence to suggest that today's Schonfeld would meet my above mentioned criteria. taodr: Why don't you just approach Goldman? Aren't they all straight-laced 'n shit? Formalities, rules, pedigrees, suits, rigidity, slow progression up the corporate ladder, champagne blow and sluts frowned upon, trading my ever-present Jordans for tight shiny Italian leathers, lack of outside the box original thinking, tradition & procedure always trumps logic, TPS reports, taking away my favorite stapler and moving me down to the basement, more rules... Nah, working in Dilbertland just ain't my bag.
RM , you would do better by finding / paying for âall inâ setups. For example, there is an extremely favorable trade in GOOG options now (for the next 2 weeks) that can make a 100% in profits via use of regular PM. Good luck finding the firm, bro
taodr: Why don't you just approach Goldman? Aren't they all straight-laced 'n shit? Formalities, rules, pedigrees, suits, rigidity, slow progression up the corporate ladder, champagne blow and sluts frowned upon, trading my ever-present Jordans for tight shiny Italian leathers, lack of outside the box original thinking, tradition & procedure always trumps logic, TPS reports, taking away my favorite stapler and moving me down to the basement, more rules... Nah, working in Dilbertland just ain't my bag. [/B][/QUOTE] Not my bag either but maybe the reverse sleaze refines sharp edges on road to collosal wealth.
I trade the same kinds of stocks daily on the same time frame, but I see the same setups that have yielded the biggest intraday moves have been in play all year. Last Wednesday, with many momentum stocks down ~ 20%, was the first day you could say the market has really changed for the sectors you've mentioned. I may not be the biggest trader out there but take my net/shares held and/or traded and I think I rank among the best. The conundrum I see in your attempt to remedy your situation is the following: a) You seek to swing relatively large position sizes. b) You want to find a method that keeps you involved for the entire trading session. c) You prefer to keep your time frame intraday. IMO, to properly trade stocks like POT, FSLR, PCX, etc, you need to sacrifice at least one of the above for the sake of the other two.
This answer may invalidate any value of the PM I sent to you. Yes, Dilbertland sucks - especially the rigidity and procedure.
This post is a joke and a new low for Rearden Metal. You were this top trader in the 90s making millions and now your pandering on a public website full of trolls, jokes and spam. I dont understand why you dont call any of the industry contacts you made over the years. If your so great, then why doesnt anyone want to take you in from your list of contacts? You must have pissed off Dmitry somewhere along the way or did something to place you on the blackball list. At the very least, Dmitry could put you in touch with one of his buddies if he didnt want to take you in. What about all those great contacts you made from thousands of posts on elitetrader? hahaha What can I conclude from all this??? You were nothing more then a person who overused margin during the tech bubble chasing up tech stocks. Then when it was over, you lost money and kept losing money from there until this very day. The next post we will see will be from Rearden where he sells his services for $500 a month to new traders like that Pabst Blue Ribbon shmuck. Give it up already, just go out and get yourself a job.