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How do you see through this and learn or know how to change your approach? I see the comment from Jficquette above (thanks) - what do you think?

Great comment. My problem is I have been addicted to learning, but the same cause and effect relationship doesnt happen all the time in trading so you are learning less than you think.

Hi Let say you have a technical system - whether it is breakout, or oscillation focused, and news comes out on a commodity or stock. Do you adjust your trades based on the news? An example: Lets say you traded oil and your technical system was flat - maybe you had just reached your profit...

Agreed

Oanda is the best platform for spot forex - this guy is a whinger. It is YOUR fault if you dont check your stop loss before you press the submit button. Take responsbility for yourself - they are not your mother.

How can only ONE person make money? Surely someone is using limit orders so not paying the spread then they have a 50:50 chance

You are all trading for a living? What capital size did you get to before you began TFAL?

It is illegal to give advice without a licence. I mentioned on another thread I was thinking about managing money, then I started getting these strange PMs from chialee - who clearly tried to sound green. His/her requests were encouraging me to give advice/manage money, even though they knew...

Nothing to hide - what a stupid comment. Just got emails trying to get me to give advice - in an obvious way to ensnare - PMer pretending to sound like a novice but it was so obvious. Im warning others so they dont accidentally give advice without knowing the potential repercussions.

If Chialee PMs you I think it is the S.E.C.

Proper structure for track record: THat means you need a fund with IM etc, for the track record to be taken seriously right? So still say US15-20K to set up (legal, printing etc).

Im a Kiwi in london. There is a guy called Kiwi or Kiwitrader on this forum somewhere.

Outstanding posts. Very enlightening to know the track record has to be in a fund structure. I guess one could set up a fund, use one broker, and just have their own money in it so no need for administrator costs or PB costs, and develop a track record that way?

I appreciate that reply Browns. What about a friend of a friend who may give me about 5% of her 2 mill USD wealth - if she goes into a 40% d/d on that 5% (sounds small mathematically) think she'll freak? She wants to help me.

Thanks all. There is also the regulatory aspect. I understand in the US, one can manage money for up to 15 friends and family without a licence. In countries without this 'loophole' (e.g. BVI (yes, even BVI), Australia, UK), would you expect the govt would jail or screw you for managing...

ok - if you charge fees are they tax deductible for the client, as per a fund - where you are taxed on the after fee gains?

Amazing results. Are you still using the same intraday mechanical system? Have you had issues with the mkt changing? guess not.

Anyone manage money here? What structure do you use?

Hi Great thread - very helpful to see the way you analyse/think. What kind of returns has all this given you? R

I would be interested in all ideas people have for structures to manage money for others, not just in the U.S. For example: 1) Client opens own account, you manage with power of attorney. You send invoice for fees. 2) Pay lawyers and start a proper fund with offering memorandum etc. 3)...