I think what he meant was he would not use such bulk with real money. So when he loads up on one position he feels is good, the subscriber would adjust for 2-3% of his capital. While he may go 50-60%? I think that is what he said. If he is real good he can achieve some sort of wild returns like that, but of course with real money these strategies can blow an account in a trade or two. If you are a doofus you can end up owing money. Are you tracked by any third party verification sites like collective2?(question for budfoxx)p-
Really simple setup that allows for management of F&F capital without the need for registration in most states. IMO, if you do that you might as well take a week, study for the 65 and register in your state. Most states will then not care how many clients you have, and you can set up an advisory account with IB instead. More freedom this way. The series 65, 7, etc.. tests are a cakewalk too.
i actually spoke to an attorney out of GA today who was willing to provide services for under 20k so they are out there
go with Turn Key Hedge Funds--they were by far the most organized of all the administrators I tried and I think they'll cost like $12k to start you up
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Bud/Sanjil, whatever you want to call yourself, based on your performance on the Options Report over the last seven months I would stick with charging a monthly fee if I was you, and look up what a stop loss order is too, and how it works. That $1 stop on your oil position is beginning to look pretty good as the position expires at zero tomorrow!