Ray's amnesty page

[wiseambitions]

Good to hear Immy

I might have accidentally deleted an email they sent me a couple weeks ago "Changes to our terms of business" and that might have explained a few things.

When a broker does this kind of thing are we entitled to wonder whether they need to restore dents in their profits? I have thought for a long time that some retail traders might have reduced their activities since ESMA this summer, some were on various forums talking about moving their money abroad, eg to Australia, and whether or not they could avoid ESMA rules by doing that if they were EU domiciled I would not know.

I had noticed the DJ30 spread at GKFX was the same day and night, whether it was in NY trading hours or on futures, and that was nice, however yes I'd seen on Dax they were very expensive out of hours until about 5 or 10 minutes before FO.

[immy]

Good to hear Immy

I might have accidentally deleted an email they sent me a couple weeks ago "Changes to our terms of business" and that might have explained a few things.

When a broker does this kind of thing are we entitled to wonder whether they need to restore dents in their profits? I have thought for a long time that some retail traders might have reduced their activities since ESMA this summer, some were on various forums talking about moving their money abroad, eg to Australia, and whether or not they could avoid ESMA rules by doing that if they were EU domiciled I would not know.

I had noticed the DJ30 spread at GKFX was the same day and night, whether it was in NY trading hours or on futures, and that was nice, however yes I'd seen on Dax they were very expensive out of hours until about 5 or 10 minutes before FO.

Hi

It happened in the US as we all know well before EU. and once you are domiciled in that region the brokers will treat you accordingly. Even my very old account at pepperstone was switched to the new margin requirements. Because we belong to the Big Daddy region and they told me, your dad wants us to treat you differently. so that's that...

But it does not really bother me in a great way. I'm never really in more than a few trades at one point.

[wiseambitions]

Thanks
Nothing to do with Chaos or AIMS trading but still to do with money making via investments

When I was a financial planner (I've retired from all that malarkey now) I was always a bit interested in a table which various analysts such as Lipper put out to show which was deemed to be the best asset class on a yearly basis. It is a patchwork where the results show absolutely zero coherence. One year it will be emerging markets, another year private equity capital and another US equities etc etc. So here for the reference is the current mosaic. No asset class is definitely better than another, it is a rough assessment being an average of averages, but one thing that amuses me is how frequently cash does better than hedge funds. So while many might be envious of hedge fund managers and all their wealth, and their ability to go short or long, which is what we do here of course, the fact of the matter is we are onto something far far better than them!

[immy]

Thanks
Nothing to do with Chaos or AIMS trading but still to do with money making via investments

When I was a financial planner (I've retired from all that malarkey now) I was always a bit interested in a table which various analysts such as Lipper put out to show which was deemed to be the best asset class on a yearly basis. It is a patchwork where the results show absolutely zero coherence. One year it will be emerging markets, another year private equity capital and another US equities etc etc. So here for the reference is the current mosaic. No asset class is definitely better than another, it is a rough assessment being an average of averages, but one thing that amuses me is how frequently cash does better than hedge funds. So while many might be envious of hedge fund managers and all their wealth, and their ability to go short or long, which is what we do here of course, the fact of the matter is we are onto something far far better than them!

That is true. The UK housing market figures caught my eyes. The orange boxes. Interestingly enough, had you invested in this sector the only year it lost money was the Crash year of 2008. but had you held you'd have enjoyed an average 10% per year growth.

Now that is actually quite phenomenal figure but compare that to trading ... oh well...