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I am trying to do the same thing you are. Here are some suggestions: 1.) Write a business plan that describes your trading system as a complete business, not just a trading system. This will add some professionalism to your presentation to accredited investors. 2.) Post your system on...

I think a lot of people go into this thinking that way. Unfortunately, performance is probably one of the least important factors. It seems that pedigrees and connections are much more important. To compound the issue, performance without a large amount of assets already under management...

These are people I have reached out to almost 2 years ago when I first (unsuccessfully) tried to start the fund. At the time, they did not feel that the system had enough time under its belt despite 10 months of brokerage statements verifying a 38% return with a 13% max draw down. They also...

Yes. Mainly because my system is 100% long and yet has thrived in a down market (it is non-directional in its entries). I think this is the biggest selling point. I direct interested investors to the system posted on Collective2. This enables them to check out the stats (very detailed)...

I have a successful options trading system I have posted on Collective2 for the last 14 months (I traded it for another 10 months in a cash account prior to that). During the time on Collective2 it has produced a 25.2% return with a 13.7% max draw down. My intention in posting it there was...

Why are you in such a rush to risk using real money? To increase your probability of success as a trader, seek to reduce external pressures, not increase them. Unless you know you can make consistent profits over an extended period of time, using borrowed money will only substantially increase...

I do not think that Forex is a bad place to start, as long as a beginning trader starts out on a good simulator. The inherent problem/benefit of currencies is the enormous leverage. A new trader with leverage is a lot like a kid in a candy store. So the simulator permits the new trader to get...

I traded as a retail trader for 11 years, with some of those years up and some down (totally inconsistent). After searching for many years for a consistently profitable system (and losing more money), I finally found it trading options on the Nasdaq 100 index and spent the next 10 months...

Thanks for saying that, jsp326. That is exactly my situation and I am sure there are others out there. It goes without saying that a good trading system is NOT enough to raise capital for a fund. Sincerely, Daryl

There are some systems that are capital intensive. The developers of those systems may need to sell the system to generate capital to trade it because there aren't a lot of options for seed capital if you don't have a pedigree or millions currently under management. A system that generates 30...

Ok, I see what you are talking about now. I think the reason this particular trade is showing such whacked out figures is because I scaled down the system and it wreaked havoc on many statistics such as some trades and the inflated figure for the realism factor (used to be in the high 90's...

Only subscribers are able to see my open positions, so I am not sure where you are seeing open stats. However, it is quite possible that one trade has such a drawdown. I would ask you to keep three things in mind: 1.) positions are entered during times of extreme volatility and incur a great...

The position sizing is based on trading out of a retail trading account so I limit leverage to 2:1. Of course, I could double that and effectively double the returns and drawdown, but I was trying to make it easy for my subscribers to trade in their accounts. With that said, there is a level...

I am a full time trader that has a profitable, non-directional system trading options on the Nasdaq 100 index. It has almost 2 years of verifiable history producing returns of 30-38% per year with a 14% draw down. Ten of those months were spent trading my own money with it, but it was a small...

Thanks, Spydertrader! I really enjoy reading your posts and forums as they are a great resource. Sincerely, Daryl

Great example, Eveningtrader! Looking at the image you included with your last post on this forum, price made a swing high and then retraced, as you pointed out, from the high. When it does, it comes back to the red moving average (not sure of the time period) forms several small, compressed...

Tums, Thanks for the lead. I did a search as you suggested and I found many references to FTT. However, I was unable to find out what the acronoym stood for? Thanks, Daryl

Margo_trader, At any given times there are a number of support and resistance levels. Could you get a bit more specific in how you differentiate the strong s/r from the weak? Do you require them to be substantiated in any way specifically? For example, does price have to hit the s/r level...

Eveningtrader, Lots of good info, thank you for taking the time to post it. I couldn't agree more with your statement that "No one knows where is the top or bottom, they know after it happened." With that said, as technical analysts, we focus on the probabilities of a future movement. In...