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Re: C.T.A.'S



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Mark:

Even your drifting has provided thoughtful and insightful
information.....

Charles
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: Omega List <omega-list@xxxxxxxxxx>
Date: Sunday, March 14, 1999 8:57 AM
Subject: C.T.A.'S


>I have received very few emails from CTA's concerning the 5 million dollars
>to be given out.  I posted this message in a futures news group also, so I
>know it has gotten exposure.  I have received MANY emails from prospective
>traders who are individuals trading their own accounts and maybe some
>accounts for friends and family.  Most of the mail from non CTA's has a
tone
>of resentment against my need for the person being such.  I AGREE
completely
>with you!  I wish it were not necessary that a good trader had to register
>as a CTA so that they could get paid for their ability.  I believe the two
>(being a good trader and being a registered cta) have nothing to do with
>each other.  But the law in the US has our hands tied when it comes to
>managing large amounts of money.  I can only get the trader paid (legally)
>if they are a registered CTA, thats it.  There are ways a good trader can
>work around this issue.  I have done so myself,  I am a CTA but I do not
>handle ANY clients money.  I prefer to do research and development
>completely on my own unaffected by the pressure of having clients money.  I
>set up a corporation that sells automated system signals to CTA's who in
>turn do manage clients money.  This keeps me at arms reach and allows me to
>concentrate on doing the things I want to do.  It also allows the CTA's to
>concentrate on what they do best which is raise money and manage the
overall
>big picture.  If you are a individual who finds themselves in the same boat
>as I (wanting to full time research, but get paid for your work/ideas) then
>you may want to consider doing what I did.   There are some really good
guys
>out here that I have met that are hard workers and not con artist looking
>for the next victim.  Many of these budding traders have the brain power to
>succeed in the trading business.  BUT they will most likely run out of
>personal money during the learning curve.  If you are to endure in this
>business you have to have a peer review (even me) to make you come down to
>earth and look at the perils of methods.  Many system developers stop the
>process when they believe they can no longer improve on a model.  Knowing
it
>has faults they will not dare trade it themselves, rather seeking someone
>else's funds to try it out on.  The person who will make it (credibly) in
>this business.  Will be one who, has a concision and is just as concerned
>about the clients money as they are their own money.  If it isn't good
>enough to trade your own money with it then why would someone else want it?
>
>I drifted a bit from my original intent to writing this message :  I wanted
>to make it clear that being a CTA to receive these funds was not my idea
>rather it's the LAW.
>
>Thank You,
>Mark Brown
>