Futures Trading, Custom Programming, and Commentary

16 Responses

1. jake Says:
   June 28th, 2007 at 9:10 pm

   4. friendship bracelets show you have so few friends you need to advertise that you do have at least one.

   try “peace man” adding the man should do the trick.

   agreed on oscars stops being insanely wide, all he’s doing is putting ridiculous odds on it going above his entry at some point, then sending a flash update to close positions.

   p.s. don’t post a vid while stoned.

   p.p.s. scratch that. post more vids stoned.

2. eyal Says:
   June 29th, 2007 at 9:33 am

   cool video :-) you should make more of these. It’s interesting to see the people behind the names and blogs.

3. Richard Says:
   June 29th, 2007 at 9:33 am

   I don’t agree with your #4… I don’t think it makes any sense. If one of your friends gave you one, you would say “go to hell, I don’t want to look like I don’t have many friends?” Statistically, when over 30, I think you have to have a lot of friends to have any chance of receiving one (unless you hang out with people half your age, which is creepy).

   I will give “peace, man” a try.

   Well, in Oscar’s defense, he is picking those stops the night before… there’s really not much else he can do at that time. It’s not feasible to choose a tight intraday stop for a hypothetical trade tomorrow. I just said that stuff because I know people whine about it on his forums.

   I haven’t posted any videos while stoned, and don’t plan to.

4. Richard Says:
   June 29th, 2007 at 9:37 am

   @eyal, thanks, it always sounds like fun to make videos, but it takes for freakin ever, and I always think it comes out stupid. But, after spending all that time, I always decide to post it anyway.

5. john Says:
   June 29th, 2007 at 12:07 pm

   stops are in and they are wide…LOL

6. jake Says:
   June 29th, 2007 at 5:12 pm

   Easy there Richard. The #4 was just a joke as was the p.s.. It was a funny vid I enjoyed watching it and hope you post more like it.

   If a friend gave me one I’d accept it and not wear it.
   Personally I wouldn’t wear a bracelet of any kind, that dosn’t mean I have anything against those who do. it was just a failed attemt at humor. “To each his own”.

   As far as Oscar goes I like the guy but I think the stops are way too wide and he does send flash updates to close positions way before the profit target is hit alot of the time. So if you’re looking for odds on a trade as far as risk reward I don’t think they’re as good as it looks when he first posts the trade.

7. Richard Says:
   June 29th, 2007 at 5:48 pm

   i can see how someone might think that stuff was funny, so I doubt it was a completely failed attempt at humor. I think #4 would be funnier if it were logical. I denied being stoned for legal/employment reasons.

8. Rob Says:
   June 29th, 2007 at 5:55 pm

   Does anyone have any idea how hedge funds compound your gains/losses? Would it be on a per day basis, per quarter, per year, per trade, etc? Thanks.

9. Richard Says:
   June 30th, 2007 at 12:28 pm

   Rob: I’m not sure I understand your question, and I’m no expert on hedge funds in any case. They will know what your stake in the fund is worth at all times of course. They may have different policies about how often they report that to you, and how often you are allowed to add/subtract money from the fund, and at which points they pull their fees. I believe most funds looking for more investors post monthly returns at least to semi-private forums.

10. Rob Says:
    June 30th, 2007 at 1:51 pm

    I don’t think I even know what I am asking either! :-)

    Basically, I am going to have a mini hedge fund with a partner and will be trading some of his money, along with my own. We want to use typical hedge fund fees to make it fair so I will be taking a 20% cut of any of his profits.

    Like you said, I assume you would pay your 20% fee whenever you pull your money out, based on the fund’s performance while you were in it. I am just trying to wrap my head around how to go about keeping track of what each of our equity in the fund is, with the daily ups and downs, and considering I will be making regular withdrawals to live off of and he won’t, and also there will be interest generated off of our deposits, not to mention the tax situation.

    I am sure I am making it more complicated than it needs to be and would appreciate anyone’s insights.

    Thanks!

11. Richard Says:
    June 30th, 2007 at 2:20 pm

    you probably want to talk with an attorney to set things up properly, and possibly also form a business entity for the business if you haven’t already.

12. Prospectus Says:
    July 2nd, 2007 at 11:01 am

    LMAO @ HoHo

    Great video!

13. Dinosaur Trader Says:
    July 2nd, 2007 at 11:11 am

    Hey,

    That video was great. I mean you said it was pointless, but I watched it til the end anyway.

    I was hoping for a murder scene. And when the cat crossed the screen it really got my hopes up. I have 3 cats and they are ruining my house.

    -DT

14. Richard Says:
    July 2nd, 2007 at 11:01 pm

    Dinosaur, thanks. It’s always the ones I like the least that people like the best. That’s why I post them even though my instincts say “delete immediately.” The ones I like are usually labeled boring by the readership. Oh well!

15. Skyb0x Says:
    July 3rd, 2007 at 5:09 pm

    Hi Richard - great video dude…. the best line was “I’m just glad”… LOL!

16. Richard Says:
    July 3rd, 2007 at 5:14 pm

    Thanks. I’m glad you liked it. I couldn’t think of anything else to say, at the time!

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