5% - 10% profit per day trading

[ivantchourilov]

give it a shot. give everywhere a shot. you never know, someone may just take you onboard and teach you. maybe offer to work for free for a few months to proove your worth?

see there are courses that span 3-5 years telling people all this theoretical stuff like markowitz portfolio management and capital market lines and so on and so on. i think all ive learnt is BS but you need it for a proper job. then there is the stats component of the deal. you never know, you may get a guy who just loves you for your drive and takes you. the thing is you will be trading sizes much larger than your current stake and you will need to be driving consistent performance. this also means risk management! they dont want you to double their portfolios every fortnight. they want a steady 15%... good luck though

 

[spanish89]

Quote from ivantchourilov:

give it a shot. give everywhere a shot. you never know, someone may just take you onboard and teach you. maybe offer to work for free for a few months to proove your worth?

see there are courses that span 3-5 years telling people all this theoretical stuff like markowitz portfolio management and capital market lines and so on and so on. i think all ive learnt is BS but you need it for a proper job. then there is the stats component of the deal. you never know, you may get a guy who just loves you for your drive and takes you. the thing is you will be trading sizes much larger than your current stake and you will need to be driving consistent performance. this also means risk management! they dont want you to double their portfolios every fortnight. they want a steady 15%... good luck though

What do i say in my CV and cover letter though??

 

[GGSAE]

Quote from spanish89:

recruitment@infinitycm.co.uk

Im looking at them, but would me just showing them my 6weeks record of going from £750 to £5,500 at £1 tick with 12ticks spread be enough?? :/
I dont have any qualifications apart from vocational stuff at college, and running my own business.


Sounds pretty feeble in some ways, but i not only need decent capital to trade with, but more need access to proper instant oil news streams!!

No firm will take you seriously with such little experience...you need longevity to prove you're not a flash in the pan that got in on a hot streak. I would really consider relinquishing your apartment/living at home or finding some kind of supplemental income. Having to rely on such a small account for bills is a huge disadvantage that will be so deeply rooted in your subconscious you might not even be aware of it.

I had an account that i built up from less than 10K to over 100K and didn't make any withdrawals for living expenses until it was nearing 6 figures - just something to think about...keep up the journal and prosperous trading!

 

[porph]

Use a spellcheck for one. In a covering letter I tend to write why I want the job, what skills, experience and abilities I will bring and how all of this makes me right for the job. Have a look at what they look for for a start.

I don't think you have a long enough track record at the moment to overide the complete lack of any relevant qualifications. I wonder if you could at least start along the work experience route. Blag that you are looking to do a-levels, uni etc etc - I think that then your track record would look impressive perhaps?

Above all, don't listen to anyone that says you cant get this job or that job. It took me 4 months to get the job I have now and it was worth the struggle!

 

[spanish89]

Quote from GGSAE:

No firm will take you seriously with such little experience...you need longevity to prove you're not a flash in the pan that got in on a hot streak. I would really consider relinquishing your apartment/living at home or finding some kind of supplemental income. Having to rely on such a small account for bills is a huge disadvantage that will be so deeply rooted in your subconscious you might not even be aware of it.

I had an account that i built up from less than 10K to over 100K and didn't make any withdrawals for living expenses until it was nearing 6 figures - just something to think about...keep up the journal and prosperous trading!

If i can get back to £3,000+ capital i feel confident that i can start building up maybe atleats £400 per week min.
(I was previously on almost 1k per week, but that was when oil was free falling so was too easy, but now if i include a few losses/low earning days, £400 sounds very do-able).

1. How much did you do per tick when you started from 10k to 100k??
2. At what level of capital did you increase to more? How much?
3. What was the maximum number of simultaneou contracts did you hold open at 1 time all in same market same direction??
(opening from when 1st trade was in a loss, but you made 2nd trade to cash in on the pullback)

 

[arabianights]

Spanish for gods sake when you apply for trading positions don't let anyone realise you're spanish89.

If you want get in touch with Darren (shadowninja) I'm happy for him to give you my number for this weekend only I can be of some help...

Sunday afternoon maybe you can buy me that Dom you owe me.

 

[GGSAE]

Quote from spanish89:

If i can get back to £3,000+ capital i feel confident that i can start building up maybe atleats £400 per week min.
(I was previously on almost 1k per week, but that was when oil was free falling so was too easy, but now if i include a few losses/low earning days, £400 sounds very do-able).

1. How much did you do per tick when you started from 10k to 100k??
2. At what level of capital did you increase to more? How much?
3. What was the maximum number of simultaneou contracts did you hold open at 1 time all in same market same direction??
(opening from when 1st trade was in a loss, but you made 2nd trade to cash in on the pullback)

I trade pairs of stocks not futures so i can't answer those questions, but I was really leveraged the whole time I had a small account and had some big PNL swings nearly blowing up while duking it out under 10K.

Even though i had previous trading experience and gradually became more enlightened and confident in my trading prowess I really didn't want to take any cash out of the account unless absolutely necessary. My costs were a lot greater with a smaller account and my goal was to compound it so those two big factors weighed heavily against withdrawals. For some reason 20K was a big hurdle for me and once I got over that all the other ceilings took less time to breakthrough than the previous one...here's another way to look at it, if you keep X amount of dollars in your account until it hits a certain level you will be able to make regular withdrawals of larger amounts sooner...maybe that's the impulsiveness of your demographic (although i'm only 10 years older than you), buy that hot item now that just came out instead of waiting a few months for 2/3rds the price?

 

[spanish89]

Quote from arabianights:

Spanish for gods sake when you apply for trading positions don't let anyone realise you're spanish89.

If you want get in touch with Darren (shadowninja) I'm happy for him to give you my number for this weekend only I can be of some help...

Sunday afternoon maybe you can buy me that Dom you owe me.

Omg do people and managers in prop firms in London actually 'dislike me'?? LOL


But yea itd be really helpful to meet you on sunday cos that the 1 day im free all day as wont be trading have to wait in my empty flat for furniture to arrive.

I thought i already had your number, i texted you 2weeks ago even. lol
But could you private message me it??

 

[mr.charts]

S89,
Don't use Surrey Police as a reference, whatever you do

Seriously, I think your chances are not good.
See if you can continue to make money and build up capital and simply trade for yourself. That's what I did, but then I have always worked for myself, never for a boss.
That is one of the beauties of trading - you're answerable to no-one.
Build up capital, don't spend.
Richard

 

[spanish89]

Quote from mr.charts:

S89,
Don't use Surrey Police as a reference, whatever you do

Seriously, I think your chances are not good.
See if you can continue to make money and build up capital and simply trade for yourself. That's what I did, but then I have always worked for myself, never for a boss.
That is one of the beauties of trading - you're answerable to no-one.
Build up capital, don't spend.
Richard

I couldnt use the police as a reference since i never even worked for them.. lol

And i would really prefer to work for myself if possible, since ive been my own boss my whole working life in running the shipping company that i have been running for over 1year now.

If i worked in a prop firm though could i just come and go at the times i wanted, and i could trade with whatever size stoploss i wanted, using my own S&R levels method and not have to have all those waste of time complicated charts, providing i keep generating money and making profit consistently??



Because the only 2 reasons i feel i need to join a prop firm is:

1. I have extremely low capital now.., so it will be very hard to build up till enough so i can start earning again decently, providing i dont lose anymore that is.

2. Its a nightmare to trade without a decent live oil news stream that i would get in a prop firm, because like today when IEA announce stuff or hurricane ugrades come i need instant access to that news to i can close out instantly or get in trade fast..