that it's probably relatively easy to reach the $2 ~ $5 million a year
in salary and bonus for successful traders, but as an trader working
under someone else, you would top out at $10 mil a year? I heard that
f you can not raise more than $200 million in capital, you are much better off
just working for a larger organization and let other people taking care of the
operational details.
this delta-neutral strategy will be an interesting reading for the long-weekend.
thanks.
I am wary of taking a concentrated position on AAPL or other tech
companies. I am not sure is it because since you are not from the valley that
you are harboring a certain fantasy about the possible greener pasture on
the other side of the fence? In my limited amateur trading experience, I
had some modest success using a strategy similiar to Joel Greenblatt's idea of ranking and choosing companies based on return on net working capital and
earning yield before tax. My backtest showed that a max drawdown
close to 30% back in 2002, but in the past couple years of real trading did
outperform S&P by a meaningful margin with similiar volatilities.
In my limited amateur trading experience, I
