Are you profitable? So take this challenge...

Quote from Xtrader59:

... after 10 years in the market I found nothing that really works
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This is the only part of your post that makes sense. Understanding it pretty much tells your whole story.

JJ
 
100K is nothing to a profitable trader, you would have to offer that up to at least 500K to have any level of serious interest in this pos deal....
 
As your day trader/consultant I would instant message you buy or sell calls along with the amount of shares to use. Your responsibility would be to follow every cue received using a margined account, and trade only my cues.

I would calculate a 2% management fee figured on the beginning account balance, and 40% incentive fee figured at the end of month invoiced at the end of month. I’ll accept payment through PayPal, wire, or whatever is easiest to insure continued cues.

If after two-three days of observation you should be convinced to go for every signal.

Jeffrey
 
The market is full of insurance mechanisms. The put writer is a classic example of a person taking other people's risks... There is always a price to be paid for the protection. Nothing unfair. No cheat. Just contract specifications. No deal? No deal, that's fine. I would take the risk if I could (if I were consistently profitable and confident).

I have managed to survive. I have not blown up my account. Maybe I am not so far away from profitability.
 
Quote from Xtrader59:

If I were consistently profitable, I would gladly take this challenge. Here are the terms:

You trade my account (up to 100K, you may choose the initial balance)
You earn % on generated profits (we may negotiate this) paid on a monthly basis
You guarantee my initial capital

The terms of the guarantee are this:

You deposit funds 100% the amount you will trade and guarantee with a reliable (to both) third party financial institution or broker
This deposit will be hold blocked under certain conditions

The conditions are:

You may trade this account but you cannot withdraw funds for a limited time
There is a % drawdown that I must tolerate (and a minimum time) before I acquire the right to close the contract
If I decide to close the contract, I show the third party a complete account statement and they transfer the necessary funds to my account to turn it back to initial value
As a compensation for this increased risk, you earn an additional % on profits during the period of the guarantee
If you get to double my account I have the right to withdraw initial capital and this releases the guarantee
Once the garantee is released we may freely recontract another round or I may prefer to take the risk myself (based obviously on your performance)

I think these terms are fair. Unfortunately, I believe there is no way to bring this to reality (is there such a blocked deposit maintained in financial intitutions or brokers ruled by the terms of a particular contract?)

As I said I would take this contract (in fact I would propose it) if I were profitable. But after 10 years in the market I found nothing that really works
I don't know if there are legal obstacles for this too
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What would you do on day nine with double your money???

Can you afford to be in residence for eight days???
 
What would you do on day nine with double your money???

Can you afford to be in residence for eight days???

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I don't understand what you mean. Maybe it's because english is not my natural language. There is nothing about 8 days in my terms. Could you please clarify? Thank you. :confused:
 
Quote from Xtrader59:

What would you do on day nine with double your money???

Can you afford to be in residence for eight days???

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I don't understand what you mean. Maybe it's because english is not my natural language. There is nothing about 8 days in my terms. Could you please clarify? Thank you. :confused:
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I believe I read that the deal is over when you have doubled. I ran a calc to see the # of days it would take. It would take 8 days and you would be in residence here to check the balance at about 11:00am each day NY market time.

On day nine, you would be leaving the area as I understand it.
To understand what I am saying, draw a graph eight days long and put a compounded curve in it so that the curve crosses two points A and B. A has coordinates 100,000 and day 1. B has coordinates 200,000 and day 8.

This graph, which is exponential in nature, allows for a compounded % gain each day. I know that you know the % in the compound interest formula since it is a commonly used %.

As we negotiate here and you find it acceptable to spend 8 days, then I will also stipulate that I keep the excess above the curve that you have drawn instead of making your trip shorter.

If your language skills begin to improve, explain this to your lawyers. I will also stipulate that I do not touch your money but just use a LPOA for your account and you do the transfer of excess profits to a third account since I do not want to foul up my tax situation with income from you.

Actually, I will not trade the accounts directly, nor will specific money be set aside. You will be able, on the other hand, to view the collateral that is in another larger account that is being traded but only to the extent that you see it has grown by a % larger than the compounded percent you will have calculated in the next 30 minutes.
 
Okay 30 minutes have passed.

The answer is 10% a day more or less. It is a postage stamp curve however.

To give you a context, margin for an ES contract is 500 dollars. 10% of margin is 50 dollars. 50 dollars in ES points is 1 point.

Making one point per day to net on day 1 would require making 10,000 dolars. That means that X contracts would be required.

By doing the math you can see x is 200. This means 100,000 dollars of margin is involved.

I do not make 1 point a day per contract. 1 point a day is a small number for any trader it turns out.

So I need less than the 100,000 in capital and I can make more than I need to satisfy my contract with you.

So 30 minutes passed and now I am finishing up posting to you.
 
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