Getting Funding for Trading?

I know what I'm doing and have been trading well, both long and short. Live entries and exits called for a quite some time now. My system is one of the best today. I don't even get losing weeks. Proof: https://www.elitetrader.com/et/threads/prediction-based-trading.351176/page-35

However, there are a few problems.
- One, my account is still only in the 5 figs.
- As mentioned in the thread linked, the strategy does better with equity, not options. This means that I need a large capital requirement to make meaningful gains.
- I have hardly any social skill.

I have proof of my system working, unlike most people, so therefore it should be easy for me to get funded and trade with 6-7 figs. I went to the local bank on Friday and showed it to the lady and told her that I can trade well and even showed her this thread, so could I get a reasonable loan to trade with, even just 300k-500k. She looked at me like I was crazy. I didn't expect it to work off the bat but I don't understand how people can get funded in the first place for stocks. I know it was also because I didn't work it right (see point 3 in problems) I looked at some other places but it seems that they mainly fund forex or futures trading, which does not allow for the variety of vehicles necessary for my strategy. I might trade with someone with a relatively large account else for a cut, but is there no other way? I only get automated responses/no response whenever I contact funds off their web pages.

so let me get this straight, you went to a fucking bank and then showed them your thread on ET on how you are a profitable trader looking for money?????

LOL holy shit bro..that is something i had to witness. that must be the talk of the branch after you left.

Judging by your description of your "lack of social skills"..i figured your meeting went something like this

 
Payday loans and credit card advances.

if your system is as good as you claim (one of the best in the world), the interest rates won’t really affect you.
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so let me get this straight, you went to a fucking bank and then showed them your thread on ET on how you are a profitable trader looking for money?????

LOL holy shit bro..that is something i had to witness. that must be the talk of the branch after you left.

Judging by your description of your "lack of social skills"..i figured your meeting went something like this


Yeah I've always been that kinda guy...
 
Yeah I've always been that kinda guy...

I cannot fathom a bank that will give you a loan to trade stocks. The best offers I have ever seen on low interest-rate secured loans are backed by a portfolio, and even there they say the money may not be used for investing or trading activities.
 
Don't have any. I'll be a grandpa by the time I do.
In which case your system isn't proven.
If you have a low trading bank balance, then your system hasn't gone through the wringer yet.
I look forward to your journal on how you go. :)
 
Don't have any. I'll be a grandpa by the time I do.

Solutions:
  • Go to college and get a degree that will land you on Wall Street as an institutional trader.
  • Work your ass off for 1 - 3 years in your trading plus working a job on the side. You will need to put your social life on hold...timing is perfect...its a Pandemic.
  • Move the Thailand for a few years and work as a male service worker...again...work your ass off (literally). :rolleyes:
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wrbtrader
 
Forget banks they are no structured to lend to you. Write a business plan, or pay a service to write one for you and make friends with someone who has Bloomberg access. Lots of money in Nevada for tax arb. Even Apple runs their cash out of Nevada. Work the openings - almost anyone will give ten minutes with those numbers. Tape your pitch before you give it and work out any rough spots. FOs love lone traders and I suspect there are more in Nevada than Florida.
 
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