About financing for trading

[Concinnity]

Don't bother with these funded accounts.

Go raise your own capital; get a job, or 2-3 jobs. Do a gig (uber or maybe onlyfans if you're that desperate)

In his case, it seems like he can't or shouldn't bother with them I agree. But it seems you've made several comments regarding not bothering with them in general. Is there a reason? Sure there is a risk the company shuts down, but Topstep, APEX and E2T have a very strong history of paying people out with very few complaints. They've also been around for a long time (particularly topstep). I can personally confirm UProfit pays out as well, however they are not as large so cannot speak to them on broader terms.

Some of these companies run discounts where you can get an eval for $11, $17, $30, $50 or etc (you get it). The point is it's very little risk and if you can actually trade with an edge, they are not that unreasonable to pass. Of course the key factor here is being able to trade at a decent to high level. If you have that though than don't see the reason why you wouldn't use this as another vehicle to raise money.

 

[long]

If you absolutely can't scrape up the minimum amount needed to implement your system you can ask several friends and family to make small contributions to a fund an account that you will manage. You won't be subject to the rules funded accounts come with. You'll also be more motivated to make it work.

 

[ironchef]

20% a year consistenly for 40 years and you are a nr1 Hedge Fund in the world. It'd be absolutely paramount to consider OPM and make 100M's not a mere 1.5M in that case

Agree. But OP said he has a winning strategy and I am giving him the benefit of the doubt.

Also, sir, you missed my point, few are able to get OPM, I am urging him to rely on his own effort, get rich slowly, instead of get rich quick. He doesn't have to put $1000 and stop, he could regularly put funds into his trading account like many of us and he will have tens of millions.

It can be done. I quit my day job years ago.

 

[ironchef]

Don't bother with these funded accounts.

Go raise your own capital; get a job, or 2-3 jobs. Do a gig (uber or maybe onlyfans if you're that desperate)

Great advice but I don't think OP will do it. He is here asking how to get OPM.

 

[long]

Great advice but I don't think OP will do it. He is here asking how to get OPM.

OPM is where it's at though. You can get 1000%+ return on YOUR investment while only getting 10% return on the fund. The goal is to not lose money and have as much under management as possible. Worst case scenario is you lose other peoples money and shut the fund down. The 2/20 standard is bananas.

 

[JFL]

Funding terms I have seen are complete rubbish, no way to make a long-term business using funding.

Only two types worth anything - leverage via the broker, or join a fund and use their capital to invest (you typically get 5-12% of profits)

I am really interesting in the last thing you mentioned. Cause if the capital is very big a 5-12% could be enough for get a decent income. Can you tell me more about these funds? I guess I will need to prove them I have good results trading.

 

[JFL]

Agree. But OP said he has a winning strategy and I am giving him the benefit of the doubt.

Also, sir, you missed my point, few are able to get OPM, I am urging him to rely on his own effort, get rich slowly, instead of get rich quick. He doesn't have to put $1000 and stop, he could regularly put funds into his trading account like many of us and he will have tens of millions.

It can be done. I quit my day job years ago.

you say its hard to get OPM, thats basically the reason of this post. Could you please tell me what are the options for OPM that you know? Just to evaluate if they are realistic for me?

 

[ryanjt]

I am really interesting in the last thing you mentioned. Cause if the capital is very big a 5-12% could be enough for get a decent income. Can you tell me more about these funds? I guess I will need to prove them I have good results trading.

I don't have specific funds for you to hit up but most funds will at least take a brief meeting with a trader that can submit an auditable trade history, with consistent risk and demonstrate how risk was managed for the period. You would need quite a lot of data to back up your profits.

 

[Concinnity]

It seems like a lot of you approach everything from strictly academic perspective only. On a balance of probability you’re correct, but still over stating how hard is to trade OPM. Most people can’t trade, but a lot of people are still interested in being involved in the markets for a multitude of different reasons and due to that there’s a lot of money out there looking to be traded if you actually have skill. The lack of money isn’t the scarce thing, the scarce thing is an actual decent active trader. It does take a lot of networking and effort
no doubt. Still it isn’t as elusive as everyone generally claims on these boards.

 

[tsfx]

I am really interesting in the last thing you mentioned. Cause if the capital is very big a 5-12% could be enough for get a decent income. Can you tell me more about these funds? I guess I will need to prove them I have good results trading.

Again, i'm trying to understand how are you having a successful system when i read your first post. How can a trading of 1 micro lot cause you any problems with daily loss limits?

Also, you said you trade intraday? And can have a 80 pip drawdown intraday? Surely, this isn't SP500 you're talking about?

Are you strictly trading FX?