Plenty of capital letters there. It's amazing how people who clearly have no idea what they're talking about can do so with such passion and conviction.
Are you serious? Why trade for a fee? when you trade a fund, you can trade much larger pools of capital. Hence make more off the performance often 20% of tens, hundreds of millions. The best trader I have heard about is Erik Kolodny. He was posting his blog on here. He has been called "The Modern Stock Operator" and compared to Jesse Livermore in The Wall Street Journal
I understand what running a fund does for your income but I just assumed that maybe some would trade there own account in order to not have to answer to investors when things go bad. I mean after I collected 100 mil in fees I could really just close the fund and run that 100 mil privately. I mean how much more leverage do you need? Maybe its just me but I'm personally not comfortable answering to or being responisible for other peoples money.. Just the constant calls about liquidating when ever the market took a hit would cause me to close accounts. yea the leverage is nice but what about the responsiblity... Some times I get the feeling fund managers put more into getting accounts than actually running the money..
anyone with 5 million dollar portfolio or net worth ( 5 milllion is min. to be considered 'rich' wouldn't need to trade his/here own account, they have a broker who manages their money.
stop the cat fighting. one would think this place is nothing more than a bunch of school kids. if you were a private trader worth anything from 10-100 million. would you hang out in a forum? there are sports stars and actors worth that amount and are they on the rich list... No they not.. the fact is there are thousands of very wealthy people in the world. personally i think there are plenty of very rich traders out there that just dont give a shit about mainstream or the rich list.
no kidding. like any one of them would ever be able to manage opm. nobody is going to give them any real money to manage.
Most hedge fund guys have all of their money in their own hedge funds....so they not only trade their own money but others and make additional money. If you're a great trader why not have a hedge fund make the additional profit off of everyone else's capital.