Received a pitch (via the INO people) from TigerRock to subscribe to their automated trading system. Apparently their day trading signals are generated by piggybacking the major investment banks's program trading. Sounds plausible enough and their results (if you can believe their claims)are outstanding - av 22% gross monthly profits going back five years. Has anyone had any experience with these people - at first blush this seems to fall into the "ïf it sounds too good to be true.."category. http://tigerrockcapital.com/
22% a month gross profit !!! Why aren't they running the world's most successful hedge fund? I don't see 22% a month claimed on the website. There are "results" for 5 full years listed and for the last full year the results are: "Below are the raw returns before commissions and fees. 2006 Quarterly: +10.6, +23.4, -2.4, +31.1" The norm is to report real results after commissions and fees. Just another one of the futures trading dream merchants.
My mistake..I was averaging their quarterly (not monthly) returns without adding the principal. They charge $1195 per month - I would think that's a flat fee that's inclusive of commissions and any other fees. How does one verify the accuracy of their returns? <22% a month gross profit !!! Why aren't they running the world's most successful hedge fund? I don't see 22% a month claimed on the website.>