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Money managers
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Money managers

  #1 (permalink)
Trading Apprentice
Pasadena
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: ES
 
Posts: 1 since Nov 2011
Thanks: 0 given, 1 received

Money managers

Beware of money managers (aka con artists) with many years of "experience" and lots of credentials but no auditable track record. I lost $60000. to a commodity broker (Pattison) who actually did not know how to trade to make money and charged high commissions to boot. I'm lucky that I pulled the plug on him before he zeroed me out. If you ever do hire a money manager, be sure to have a stop loss set before he trades and stick to it. I would use a stop any where from 15% (slow markets) to 25% (active markets) as measured from the peak value of the account. If he trades futures and does not use hard stops, go find another money manager.

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  #2 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
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I think you will find that money managers are no different then average traders except that their account is larger.

95% will lose money, and the 1% that you would like to invest with are either taking too high dollar amount for you or not accepting new clients.. etc..

Check out this site if you want to narrow down better CTA's.

http://www.autumngold.com/

I believe sharpe ratio is a good way to measure along with max dd.

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Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
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doublebee View Post
I would use a stop any where from 15% (slow markets) to 25% (active markets) as measured from the peak value of the account.

That is at least 10x too big.

Mike

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