Collective2 System Income vs. Prop Trading

D

DZ954

Hi All,

I have a question that I just can't seem to find a answer too. And yes I did search older threads. Don't know exactly where to post this.

I am trying to get back into trading but don't have a track record, experience, or enough income for a prop shop deposit but I do have enough income not to work. Right now I am trying to get a deposit together and create a track record using Collective2.

Is it worth spending my time to make the extra income I need for a prop shop deposit or am I wasting my time and better off trying to sell myself.
 
DZ954 said:
Hi All,

I have a question that I just can't seem to find a answer too. And yes I did search older threads. Don't know exactly where to post this.

I am trying to get back into trading but don't have a track record, experience, or enough income for a prop shop deposit but I do have enough income not to work. Right now I am trying to get a deposit together and create a track record using Collective2.

Is it worth spending my time to make the extra income I need for a prop shop deposit or am I wasting my time and better off trying to sell myself.
More...

I made a 1300% gain in four years and had the top system (of all systems) for over three of those years. I made less than $30K in sub fees, but I opened the account on a bet and didn't market it as such. I made far more on the wager than in sub fees.

One month's performance isn't going to get you any subs. Your C2 profile states you were a successful HFer yet you need to save the money for a $5k prop-deposit?
 
30K in 4 years is not worth it!

I already have a few subs and their actual fills are what is being shown on my track record.

As for me needing cash. That HF job was in 2007 and it was a very small fund. My returns were excellent but when the owner took out the overhead and the costs of starting it I was left with very little. Unlike many people in the biz I don't have contacts and that leaves me dealing with scam artists and fly by night type operations. That is exactly why I want to do the Collective2 thing until I can get a deposit so no one can force me to churn my account.
 
drownpruf said:
In defense of C2... mine was a spread/combo option system. Futures and share systems get much more interest.
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They're harder to manage risk wise is why there's more attention.

C2 is a CTA that let's people randomly create accounts to track periodic high risk bets but you can't get 6 in a row on 3 2 trade systems returning 30% in their first and only month but you get the idea.
 
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