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not surprising, actually. most cta's today are vendors trying to get
into your pocket. traders of excellence don't give a damn about being
a cta because the regulatory hassle and whining clients are not worth
the extra bucks. also some trader's may not want mb for a boss <g>
simple economics:
typical pro trading acct = $100,000, double the account and you get 100%
of the equity increase = $100,000
your managed account = $500,000, double the account and you get 20% of
the equity increase = $100,000
sure, both account accounts are equal is terms of bucks, but the
managed account has to look forward to nfa weasels eventually knocking
on (or bashing down :)) their door, and defending their trading
actions against cftc complaints filed by disgruntled customers who
have no business being in futures.
another sad fact is that when successful traders switch from trading
on their own to managing opm often blow out or do poorly. read "pit
bull" and you'll see what i mean.
TJ
---Mark Brown <markbrown@xxxxxxxxxxxxx> wrote:
I have received very few emails from CTA's concerning the 5 million
dollars to be given out.
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