Those who can make consistent 3-4% per month with less than 10% DD can easily qualify for a well-paid fund manager job with the "Big Boys" in London City or with the "Good Ol' Boys" on Wall Street.
To make a good living these "3-4% / month traders" - without at least $1M own capital - really have to join a fund.
On the other hand (as stated very wisely by "The Captain") those who can make 10% per month simply do not need to run a public hedge fund and to deal with all the "BS" it comes with. These traders can make a plush living just by trading their own capital, or they may run their strategy on the accounts of some very well selected clients, and that's it. How do I know? I am a privileged client of such a successful trader making consistent 10% per month.
To make a good living these "3-4% / month traders" - without at least $1M own capital - really have to join a fund.
On the other hand (as stated very wisely by "The Captain") those who can make 10% per month simply do not need to run a public hedge fund and to deal with all the "BS" it comes with. These traders can make a plush living just by trading their own capital, or they may run their strategy on the accounts of some very well selected clients, and that's it. How do I know? I am a privileged client of such a successful trader making consistent 10% per month.