Hi.
I decided to start daytrading about a year ago. For my first six months, I traded stocks, but eventually migrated over to index trading via ETFs where I started having a lot more success.
Unfortunately, my wife's business failed due to the economy, and I had to use the rest of my trading capital to pay for living expenses.
About six months ago, I decided that futures trading was my best plan, since I was only focusing on one market anyway (S&P 500 / SPY and the leveraged equivalents) and I prefer many aspects to futures trading over stock exchange trading. I opened an account with ThinkOrSwim and have been using their simulated trading module (as the web-based interface is the only futures trading platform that works through the firewall at my day job). After a few days of getting to know their account software, I set the account to $100,000 and started trading, treating everything about the account as "real" as I could.
I've had very good success for the past five months as I learned how to trade the ES futures effectively while holding a full-time position. I've also really tightened up the way I trade to absolutely minimize drawdowns (which makes trading a lot more fun for me, and a lot more attractive for potential investors). I started posting my trading online about a month ago, and also post a spreadsheet with my P&L every day.
This week I closed at $278,000 after trading costs. I've been up nicely every month, for a total return of 178% in the past 5 months, made via daytrading ES futures on the sim account. I am also up close to 5% for March so far after an 11% return in February, 20% in January, 15% in December, and 30%+ in October and November (my trading strategies increase returns with volatility, so I made money more quickly in the huge declines of Fall 2008, even though I consider my trading now to be significantly more skillful).
I would like to find an investor to provide capital for futures trading. The investor would get the majority of any returns from trading, and I would get a lesser percentage. I would prefer to trade the investor's account with trading privileges only (so the investor would feel more secure about their funds).
I'm posting here to seek advice on finding an investor to provide capital. Any suggestions on how I could find such a person? I'd like to trade an account of at least six figures, but would consider a lesser amount. I don't think my futures trading strategy (which involves scaling into and out of multi-contract positions) would work as well on an account with much less than $50,000.
Any advice any of you would have on how to obtain trading capital would be greatly appreciated!
Thanks!
I decided to start daytrading about a year ago. For my first six months, I traded stocks, but eventually migrated over to index trading via ETFs where I started having a lot more success.
Unfortunately, my wife's business failed due to the economy, and I had to use the rest of my trading capital to pay for living expenses.
About six months ago, I decided that futures trading was my best plan, since I was only focusing on one market anyway (S&P 500 / SPY and the leveraged equivalents) and I prefer many aspects to futures trading over stock exchange trading. I opened an account with ThinkOrSwim and have been using their simulated trading module (as the web-based interface is the only futures trading platform that works through the firewall at my day job). After a few days of getting to know their account software, I set the account to $100,000 and started trading, treating everything about the account as "real" as I could.
I've had very good success for the past five months as I learned how to trade the ES futures effectively while holding a full-time position. I've also really tightened up the way I trade to absolutely minimize drawdowns (which makes trading a lot more fun for me, and a lot more attractive for potential investors). I started posting my trading online about a month ago, and also post a spreadsheet with my P&L every day.
This week I closed at $278,000 after trading costs. I've been up nicely every month, for a total return of 178% in the past 5 months, made via daytrading ES futures on the sim account. I am also up close to 5% for March so far after an 11% return in February, 20% in January, 15% in December, and 30%+ in October and November (my trading strategies increase returns with volatility, so I made money more quickly in the huge declines of Fall 2008, even though I consider my trading now to be significantly more skillful).
I would like to find an investor to provide capital for futures trading. The investor would get the majority of any returns from trading, and I would get a lesser percentage. I would prefer to trade the investor's account with trading privileges only (so the investor would feel more secure about their funds).
I'm posting here to seek advice on finding an investor to provide capital. Any suggestions on how I could find such a person? I'd like to trade an account of at least six figures, but would consider a lesser amount. I don't think my futures trading strategy (which involves scaling into and out of multi-contract positions) would work as well on an account with much less than $50,000.
Any advice any of you would have on how to obtain trading capital would be greatly appreciated!
Thanks!
