What is “Be a Leader” all about? Is this a paid service? :|
I'm kind of skeptical to join because I don't know how that works... hehe
I'm kind of skeptical to join because I don't know how that works... hehe
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DislikedAt
https://www2.gotomeeting.com/en_US/i...on=rgoto&_sf=2
it says This Webinar is over
What did spyglass.co.uk discuss and what trades were given?Ignored
DislikedWhat is “Be a Leader” all about? Is this a paid service? :|
I'm kind of skeptical to join because I don't know how that works... hehe
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Disliked"Be a leader" is about consistently profitable traders that we enable traders and investors to automatically replicate their trading in their own account. It's a very innovative program that we're going to introduce later in the year.
If you are a good trader and would like to be considered you can fill out the form and someone will be in touch with you with further details.
-- Asaf.Ignored
DislikedAny retailer following some other retailer that has a few profitable trades with you guys deserves to lose his money, why don't you start a proper charity so that at least all the lost cash will be put to some good use.
Unless you can outperform the SnP over 10 yrs and have peak to valley DD of less then 10% anyone following any of "your" traders is guaranteed to be doomed.
Do you really think you have reinvented the wheel by a collective of desperate retail traders on a website?
Nobody worth their salt is going to sign up to websites like...Ignored
DislikedAll irrelevant, anyone with a couple of thousand to invest is not going to send it to a trader that is a member of a website that has been around for a few months, he is going to talk to an IFA, especially if you are only aiming for 1-2% a month, why would anyone take the risk?
Anyone with a 100K+ is either going to learn to trade himself or talk to one of the big boys that have been around for more then a few months.
Your only market is the uneducated and gullibles.
Utter madness.
But good luck with your venture and if it does succeed it will...Ignored
Disliked2) We're not looking for traders that aim to break the bank - we are looking for traders that can consistently make between 1% and 3% a month and maintain low risk.Ignored
And can you disclose the full audit protocol and audit trail for each of your managers?
Furthermore can you disclose the individual investment and risk processes of each of your managers?
And untill you can, I will continue to offer a balanced view on your website community, unless of course I get banned from your thread as you seem to have done to several critics of your plan.
DislikedLet's focus on this point a bit here. Can you disclose here how you have audited for each of your "managers" the following:
- Operational risk
- Investment risk
- Liquidity risk
And can you disclose the full audit protocol and audit trail for each of your managers?
Furthermore can you disclose the individual investment and risk processes of each of your managers?
And untill you can, I will continue to offer a balanced view on your website community.Ignored
DislikedTrading audit for managers:
1) What is operational risk?
2) Investment risk - we measure, on real accounts and on the equity as oppose to the closed P&L like some do, the daily volatility, %DD, % days losing and consistency which is a sophisticated algorithm to make sure they don't deviate from their strategy of trading volume, frequency, pairs etc. We compound all of it into a risk score that we give the trader.
3) Liquidity Risk - if I understand you correctly you mean the risk of Margin calls. We measure the equity in their account at any...Ignored
DislikedThe answer above shows me your very limited knowledge and experience when it comes to measuring risk of underlying managers. Operational risk is roughly responsible for 50% of failures of investment managers, I am not going to teach you how to do a due dilligence, but measuring operational risk of your underlying managers should be your most important aspect of your audits. You entirely miss the industry accepted measurement for investment risk and what you describe above is probably only 5% of what you as the counterparty should be auditing. The...Ignored
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All of the data we measure are taken from the CTA requirements from the NFA and the FSA and though they are definitely not complete we did manage to filter our a vast percentage of lousy trader and pose themselves as good ones.Ignored
DislikedUsing NFA/CFTC/FSA as a basis for your audit and risk management only covers 5% of what an investor would require of you and actually misses the most important requirement and that is the measurement of risk to the investor. Without a proper disclosure of investment risk you cannot justify even charging a tenth of a percent in management fee, what are you managing really if you don't even manage the risk, an investor is just paying for you to act as their clearinghouse and don't get an added value by using your service.
There are plenty of FoF's...Ignored
DislikedAgain I'd be more than happy to learn more and change the way we do things if you stop being so vague and suggest different ways of calculating risk.
-- Asaf.Ignored
DislikedI am the person responsible for the performance and risk managementIgnored
DislikedYou are the one offering the service, I am the one starting a basic due dilligence on you, I should be the last person to have to teach you how to master the basics, that is your job, you claim to be the risk manager.Ignored
DislikedIt starting to feel to me that you don't really have any other recommendations for change and you just trying to create vague statement pretending to know more without telling what it is you know.
We have a great service, a lot of people are already making money and are happy with it and we stand behind it completely both on the technology front and the way we disclose information to investors.
If you have something constructive to say - by all means - go right ahead. if you are here to make people believe you know more than them then I suggest...Ignored
DislikedAgain you chose to be rude instead of being constructive.
I am the person responsible for the performance and risk management and though I have a very extensive background in math and statistical analysis I am always happy to learn more and adjust the way we measure things - from my stand point the more stricter Currensee will be the better service we can offer.
All of the data we measure are taken from the CTA requirements from the NFA and the FSA and though they are definitely not complete we did manage to filter our a vast percentage...Ignored