Study this:
We often hear of
bubbles and roaring markets going to extreme highs and lows. Participating in
just one of these moves with a reasonable sized (compounded) position can
result in hundreds of millions of dollars.
Then there is the
currency market (foreign exchange), a market for people without money who want
the overnight fortune. Many currencies travel 100-200 pips daily. A 100 pip
move (1cent), will double your money. But intraday moves are greater and so
chaotic; they cause euphoria and depression as prices ping pong within that
range.
I want a partnership,
not an employee; don’t need money, but I need to borrow someone’s life for
about 3 months or less. I don’t care about gender, if you’re half crazy, a
minority, an ex-con, swinger or republican, but a person unemotional about
numbers, who can perform stone cold execution of my trades, like a robot. I
don’t expect you to understand my approach and I don’t want your opinion or
brilliant macroeconomic insights. I want a mutant who can place 30k or 200
million on a single toss of a dice and fiddle while it cooks.
I do my own research. I
need solitude to develop the next move so that we can shoot the lights out
every day. I want to know if you want to share the journey. I know the currency
market inside out and I only care about making money and the variables that
influence global markets. I don’t want to manage people, do committee meetings,
write position reports, or live within the structure of a limited liability
corp. (Hedge fund).
The only initiative I
require of you is open an account. You can first open a practice account at FX
Solutions. Why? I need you to practice setting up profit and loss targets on
the computer. Practice getting into and out of positions quickly. You can do this
in real time using pretend money. Then fund a real account at Forex.com.
It takes less than $300 dollars.
Note: this is your
account. I have, nor want access to it. You file taxes on your total gains /
losses at the end of the year using a 1099. I’m just going to enjoy profit
sharing. Since I’m doing 90% of the work while you nurse positions and loose
sleep, I’m taking 50%. It only cost 25 dollars to transfer money out; you’ll
send mine where I ask. Perhaps a dame, a relative in jail, to buy shamoo a seal
to eat… who knows.
We won’t have set
payouts because it affects position size and timing. We discuss all withdrawals
and honor each other. I hope you are not prone to crisis or have expensive
hobbies like baccarat that makes you raid the cookie jar.
So it’s either a go or
a no go. But be quick. The regulatory regime is getting tighter. Already they
took away all 400 to 1 leverage in the
Our goal is to capture
the next 100 pips. If you want a quick education on currencies, see what I
wrote at private-society.net. I have many complex strategies that I don’t
intend to share. They may be time when you are up at 3 A.M., wanting to enter a
position after the bureau of economic analysis (bea.gov) trade balance data is
processed by
Our other objectives:
-
We will quickly pull your initial capital out of
the market and then play with the
houses money.
-
We will build up reserves (measured in cents) in
case we need an additional
cushion or buying power.
-
We won’t play currency intraday (it is too
capricious)
-
Since currency has a nightmare tendency to move to
ruin points, we will usually be hedged with a second set of correlated
currencies moving in an opposite direction.
-
Whenever un-hedged, we cap losses predetermined
levels. We don’t second guess them- ever.
-
We don’t get anchored in views. We change sides
shamelessly. Our perception is confirmed or was wrong.
-
Many times we just won’t participate and leave
things alone until clarity resumes.
-
When right, you can never be big enough. We use our
gains to add to positions.
I’m going to
call you every night (or send an email). I’ll give you the positions
to put on or take off. I’ll explain new contingencies over the next 24
hours. We’ll adjust position size and discuss total equity. We play six days a
weeks (especially on Sundays at 5 P.M. EST). So you must stay available Have a
quick response time, and have few distractions. We can celebrate later. We can
sleep when we are dead. It is time to grind. We have office buildings to buy
and yachts to sail.
Forget about what the
market does. What matters is what we do. Who I am is not important, only what
our positions and gains are.
Open the account and
we’ll go from there.