Yeah, but what happens when the fund manager loses money? I've yet to see any funds actually reimburse money to investors in such a case. At the very least, they should own up and forfeit any fees.
That is not the way it works. There are no guarantees. If I put up $100,000 to invest in a hedge fund my money is at risk and those risks are on the disclosures. The 2% often just covers employees, accountants, Admins, office space etc. If they do not make money, most hedge funds General Partners do not profit much.
Can you actually like legitimately trade? and you seriously understand where your edge comes from? There's a serious lack of people who can actually trade, particularly day trade and a plethora of capital out there begging for a skilled person to trade it. Sure, some people want to see 12+ months or even years of results, but that is not the case for everyone. If you have the personality, ability and willing to trade live in front of people, that is one way you can potentially skip ahead of the track record thing and attract interest. Obviously not a guarantee but just doing heavy networking, plus being able to live trade in front of people can work.
What should I look at? the fact that she is earns a hundred million in fees? the fact that she’s the most talked about fund manager on the planet? 99percent of ETers don’t understand what Wall Street really is about.
Yes, I'm getting close. Which is why I am documenting again the struggles of my trading endeavor.....but I'm real close now. Real. Close. I know my SWOT. My biggest threats have been somewhat neutralized by simpfly'ing my strategy within a shorter window to trade. So far. So good. But a few days does not a trend/habit make.
One more quick comment for those that are looking to start a hedge fund. If I'm a great home cook and can make awesome food for my family and friends, that does not mean I can do the same for a restaurant feeding 200 to 300 people per meal with front of the room and back of the room staff. Just because I can make a good return trading for myself and my family, that does not mean I can manage a fund with investors, regulators and 1000x scale. It also does not mean I should not try if I have the skills and desire.
If you don’t know what to look at then you have no idea how to identify the good from the bad. Cathy Wood is obviously a one-trick pony. When things didn’t go her way she kept betting big on her original ideas, with no risk management or adapting to the new market changes. She is just a gambler and got lucky once or twice. A good example, on the other hand, is Warren Buffett.
Ok give Warren Buffet some praise on eliteinvestor. Give Mr. Buffett a 100k futures account and it will be 15k by lunch time.
It's all about scalability. Most traders are not able to scale properly because their strategies are based on momentum, not trend. IMHO. Only the 1% can trade on trend...consistently.