141 Capital Inc (fka ONCP)

[alliecorp]

I understand your concerns nicehit but there are a lot of factors for each investor to consider, in addition to a firm's track record.

While some investors are novices others have more trading/investing experience.

Something to look for in, depending on the type of trading a firm is doing, is whether a stop/loss can be applied to the account. Let's say there is a 30% stop/loss, then if you've invested $10,000 into a pool, if all goes wrong then the most you should lose is $3,000. Of course it depends on what's being traded and the market it's in, too.

Not sure if you've spent much time on the NFA site. There is some good investor educaction information there. For example:
Opportunity and Risk: An Educational Guide to Trading Futures and Options on Futures, is a good place to start. As they say, this is not for everyone.

http://www.nfa.futures.org/investor/OppRisk/OppRisk.pdf

How to Participate
in Futures Trading

Now that you have an
overview of what futures
markets are,why they exist
and how they work, the
next step is to consider various
ways in which you
may be able to participate
in futures trading. There
are a number of alternatives
and the only best
alternative—if you decide
to participate at all—is
whichever one is best for
you. In addition to describing
several possibilities, the
pages that follow suggest
questions you should ask
and information you
should obtain before
making a decision.

Choosing a method of participating
in the futures markets is
largely a matter of deciding how
directly and extensively you,
personally, want to be involved
in making trading decisions and
managing your account. Many
futures traders prefer to do their
own research and analysis and
make their own decisions about
what and when to buy and sell.

That is, they manage their own
futures trades in much the same
way they would manage their
own stock portfolios. Others
choose to rely on or at least consider
the recommendations of a
brokerage firm or account executive.

Some purchase independent
trading advice. Others
would rather have someone else
be responsible for trading their
account and therefore give trading
authority to their broker or
a trading advisor. Still others
purchase an interest in a commodity
trading pool.

There’s no formula for deciding.

Your decision should, however,
take into account such
things as your knowledge of and
any previous experience in
futures trading, how much time
and attention you are able to
devote to trading, the amount of
capital you can afford to commit
to futures, and, perhaps
most importantly, your individual
temperament and tolerance
for risk. Some individuals thrive
on being directly involved in the
fast pace of futures trading.

Others are unable, reluctant, or
lack the time to make the immediate
decisions that are frequently
required. Some recognize
and accept the fact that
futures trading all but inevitably
involves having some losing
trades. Others lack the necessary
disposition or discipline to
acknowledge that they were
wrong on this particular occasion
and liquidate the position.

Many experienced traders
suggest that, of all the things
you need to know before trading
in futures contracts, one of
the most important is to know
yourself. This can help you
make the right decision about
whether to participate at all
and, if so, in what way.