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skyQuake, thanks for being frank, I also do think 5 months is too short to arouse much interest. Although my trades are very short term, in and out in mostly during the week but I also hold some positions over the weekend, very small net long positions(<4% long of total capital in long minus short options). I also want to show trades through a intermediate or prolonged bear market to show the validity of the method. I plan on managing funds for the long term anyway so if I can come back and show the results of managed accounts after a full year, maybe more people will be interested.Been trading stocks for 6 years, options for 5 years and this strategy for 3 years. 3 year brokerage statements is available, but is very messy as I run other systems as well in the same account (I would've seperated systems into different accounts, but portfolio margin advantages is just too hard to pass up). I have tried my best to seperate the system by itself although it is not a fair indication of the way I will trade client's accounts. Profits and drawdowns are magnified on my personal risk parameters and will give unrealistic expectations on performance as compared to when I am risking less in the managed accounts.I do not trade that way for others as when your drawdown is more than 5%, people get worried and when it is above 10%, most people bail out before recovery begins. Which is why I tailored the risk parameters to around where I expect 5%+ drawdown to be very rare and 10% will be the stopping point where I will have to explain to clients why I have lost a tenth of their money and why they should not withdraw their money. I do not expect to get there but anything is possible.I am in Melbourne trading just US options. By the way above where I mentioned solely SPY options is not entirely true, I also have VIX and VXX spreads on in some volatility environments.IB has a few advisor fee schemes: flat fee, % of net liq, % of P/L etc. Taken from client accounts straight to master account on timeframe which you can choose like monthly, quarterly, yearly.
skyQuake, thanks for being frank, I also do think 5 months is too short to arouse much interest. Although my trades are very short term, in and out in mostly during the week but I also hold some positions over the weekend, very small net long positions(<4% long of total capital in long minus short options). I also want to show trades through a intermediate or prolonged bear market to show the validity of the method. I plan on managing funds for the long term anyway so if I can come back and show the results of managed accounts after a full year, maybe more people will be interested.
Been trading stocks for 6 years, options for 5 years and this strategy for 3 years. 3 year brokerage statements is available, but is very messy as I run other systems as well in the same account (I would've seperated systems into different accounts, but portfolio margin advantages is just too hard to pass up). I have tried my best to seperate the system by itself although it is not a fair indication of the way I will trade client's accounts. Profits and drawdowns are magnified on my personal risk parameters and will give unrealistic expectations on performance as compared to when I am risking less in the managed accounts.
I do not trade that way for others as when your drawdown is more than 5%, people get worried and when it is above 10%, most people bail out before recovery begins. Which is why I tailored the risk parameters to around where I expect 5%+ drawdown to be very rare and 10% will be the stopping point where I will have to explain to clients why I have lost a tenth of their money and why they should not withdraw their money. I do not expect to get there but anything is possible.
I am in Melbourne trading just US options. By the way above where I mentioned solely SPY options is not entirely true, I also have VIX and VXX spreads on in some volatility environments.
IB has a few advisor fee schemes: flat fee, % of net liq, % of P/L etc. Taken from client accounts straight to master account on timeframe which you can choose like monthly, quarterly, yearly.
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