Velocity sold to Institutional Liquidity LLC. Stay or leave?

The Leader Board really seems to be dropping off. You can make 1k and already be in the top 10 or so. Have people already left or is it just quiet?

 

Can someone PM me a snapshot of the leader board. I'm curios to see the format and the type of numbers people put up. I assume you must agree to having your numbers posted anonymously in order to get access to others?

 

I have a few screenshots from a couple years ago when I used Velocity. There were a couple big swinging dicks on there, with 6 figure PnL fluctuations. My guess is they were a CTA though.

"MAX" has some big days (up and down), to the tune of 500k. It was interesting to see the correlation between when the market moved and the PnL's. It was obvious when someone got caught short or long and was squeeezed out.........of course that never happened to me

 

http://www.tradewithvelocity.com/la...ntent=compare&utm_campaign=futuresmag+compare

 

ofthomas: 6075 closed profit? you should be happy. Its not like working a month for 10 bucks somewhere in China. Happy trading!

 

Thanks!

 

That's an image from VF's website. NOT ofthomas's P&L

 

snapshot of todays leaders....its been awhile since ive looked at this board, i use to remember the list being a lot bigger, unless they may have changed the format of it, i'm not sure

 

todays laggards

 

10-01-13 12:27 AM

Read this: http://www.nfa.futures.org/basicnet...spx?seqnum=3320

...then decide if you want to Deal with "ILQ" or whatever their name is.


You would have to be crazy to deal with them "ILQ". Their management has ties to TWO Ponzi Schemes 1) Trevor Cook (was on American Greed) from Minnesota, serving 25 years in a federal prison, and 2) David Smith from Florida who is serving a 30 year federal prison sentence for his ponzi scheme

If that was not enough, these guys are so classy that they followed the ponzi schemes up by getting fined by the NFA for trading against customers. But wait there's more. That trading against customers thing, well they knew it was bad and they didn't have regulatory approval, so they put the trades that were opposite their customers' trades in accounts owned by unregulated persons who were not approved by the NFA.


Please read the whole complaint for yourself, then decide if you want to have a business relationship with these people.

I've been around the Commodity business for quite sometime, I've seen many people get "taken". I just want to preach caution to those who are are newer to this business.