I assume you would $50K profit divided by begining balance of $300K
50k/300k = 16.66%
No?
I had posted similiar question...seem to almost answering my question but need confirmed.
If you go back a few pages on this thread...there is some good feedback from usernamed "heech" regarding setup costs, recurring fees, etc... for running a CTA
I am starting with NFA paperwork soon. I just got my Series 3 license last week...so one down!
I am still figuring out portion about disclosing personal trading records...which I am not comfortable doing.
Aaron - though all/most CTA display their track record on the Website...can they/you choose not to put this info on the web site...but share only with prospectice clients?
Thanks Aaron,
I understand you are also a CFP, obvisouly I don't see a problem being both CTA, CFP, Series -7 but you see a value or does it give you any edge being both or all?
Aaron who did you start out with CTA business? I read some of your interviews for the magazines and that youw orked for Monroe Trout...but how exactly did break out on your own. Would say $100-150K of personal funds good enough to start?
I passed my Series 3 and have following for sale. I purchased from Securities Exam Preparation, Inc.
http://www.securitiesexam.com/products/series3.html
I have following material:
1) Series 3 Exam Study Text
STUDY TEXT
2) Series 3 Exam Computer CD
It was purchased 3 weeks ago, each...
I also heard that MF Global is very "CTA Friendly" ... do you know anything? I am not familiar with their platform at all.
I hear Interactive Brokers has big financial professionals offering icluding CTAs but I am never looked into them. I used to have personal account with IB and didnot...
Thanks!
Question to both Aaron and heech,
What about FCM's which one is best for CPO or CTA as far as platforms, reporting, fees, and 'marketing', etc, etc?