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To confirm what Bilo is saying; we always programed our budgets around a
trading result of 100% per year of margined equity for our options floor
traders. That was pretty standard around the industry. We looked for a
similar number from our upstairs traders.
Lawrence Price
Bilo Selhi wrote:
> no my friend, you'll never see a public
> return like that. i said it's street knowledge...
> experienced traders make about 10% a month
> meaning if you trade 5 million of margined
> equity you should produce about 500K a month
> or about 25Gs a day on average. this is not so
> much if you think about it. this number will fluctuate
> but a good trader will in 90% case be positive for the
> day. sometimes it will be just a grand, sometimes
> a coupld of hundred grand.
> nothing is risk free by the way and i did not say
> risk free.
> this number is for a good top notch experienced
> large size traders, trading opm.
> i don't care what's out there in public.
> bilo.
>
> ----- Original Message -----
> From: Bill Wynne <tradewynne@xxxxxxxxxxx>
> To: <citadel@xxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
> Sent: Wednesday, January 10, 2001 8:51 PM
> Subject: Re: guaranteed 10%/month with little risk?
>
> > Bilo:
> >
> > Perhaps so, but please post the (long?) list of CTA's, or other fund
> > managers, open to the public, who have returns of "guaranteed 10%/month
> with
> > little risk" over the last few years.
> >
> > BW
> >
> > >From: "Bilo Selhi" <citadel@xxxxxxxxxxxx>
> > >To: <omega-list@xxxxxxxxxx>
> > >Subject: Re: guaranteed 10%/month with little risk?
> > >Date: Wed, 10 Jan 2001 17:43:51 -0500
> > >
> > >FYU,
> > >successful pro traders desc. or systematic
> > >should be able to make about 10% monthly
> > >returns on margined equity in any type of market
> > >before taxes.
> > >bilo.
> > >
> > >
> >
> > _________________________________________________________________
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> >
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