The 20% performance fee is 20% of profits, not of assets. So for a 42% gross return, the net return would be (.42-.02)*(1-.2) = 32%.
Chuck, is that 7 years of intraday data? How much other intraday data do you have?
Are there any direct access brokers that allow checks to be written to withdraw funds from the account? Brown & Co. has that capability, but they...
You weren't kidding when you said "big volumes"... Velocity is cheaper than FFastFill for e-minis if you trade more than 15k contracts per month....
Yes, like other people have already said... It would be rare to find a PhD in math or science from a top university that doesn't know how to...
I can get the same "E statistic" with an unprofitable system that is profitable 78% of the time but has losing trades much bigger than winning...
Are you starting a fund, Corso? Or are you evaluating a manager that has included his personal trading record?
Besides the BVI, the Netherland Antilles, Bermuda, Isle of Man, and Jersey come to mind as reputable and common offshore domiciles.
How do you come to the conclusion that MSFT is a tax shelter? Last year MSFT paid $3.7B in taxes on $11.5B in pre-tax income. That's a lousy tax...
By the way, these warnings about getting audited and having to prove your office is solely used for business only apply if there is another...
Great study! However, when you say the following day shows a "significantly higher average dailiyGain", the word "significant" should have a...
Ha! If you are making money 4 out of 5 days in stocks (and your losing days aren't 4x your winning days) then stick with stocks and just trade...
There oughta be a law against Tradestation advertising 20 years of intraday futures data for the past several months and not having it available....
Is there a plan to increase this? Like to several years?
I can answer this one... It's a large negative amount -- big losses -- or the trader wouldn't be ending.
Are you trading a Toby Crabel strategy, Toby? Are you systematic or discretionary?
They should simplify that rule of thumb to "Gross Amount/3". Bon Voyage. :D
At least a few dozen trades are necessary to get enough statistics to validate a system. And note that these are objective, non-optimized trades...
Low volume on Fridays now through fall is to be expected. People leave early for the weekend.
Right now I plow all profits back into trading and trade larger positions. But once I get to a certain account size I'll be pulling money out of...
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