Getting Funding for Trading?

My suggestion, bang out as many trades as is possible, compound your winnings into more or larger trades, it takes times, but if your system is as good as you say, shouldn't take too long.
Being patient, it's part of the learning curve.
Lacking social skills shouldn't affect your trading and going it alone without borrowed or leveraged money is safer, also less complicated.
 
As a rule of thumb, anyone posting trading journal on web is far from consistency.
One who did reach consistency has no desire or incentive to post .

Some journals are simply fraud.
 
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Most of us that are trading successfully either grew our accounts through hard work grinding it out trading, or working full time and added to the account over time.

I took $50k to practically 0, and then back up to well over six figures all while working odd hours at my real job for years and adding to my account. Nobody is going to stake you while u scalp for pennies with 1 or 2 shares of stock. Grow some balls, handpick a few good daytrades, and 2-4x leverage you entire account on 1 or 2 day trades so you are taking in a few hundred a day.

You need to be smart. Your goal is to multiple your 5 figure account as fast as possible. if you claim to have the worlds best strategy, then you're smart enough to 5x your account.
 
stockpredictor said:
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.
More...

Yeah, the bank should have looked at you as if you were crazy.

Therefore, slowly grow your 5k account if your trading is as good as you say it is. You'll be in a better situation in 1 - 3 years when you reach that 300k - 500k area.

Never trade with loaned money, credit card advances and such...it's a Pandemic...not a good financial environment to be trading with loaned money that's gathering interest too.

The only other option is to get a job and continue saving your income to help growing your trading account faster. In fact, I notice you didn't even mention these options...not a good perspective about your system.

wrbtrader
 
stockpredictor said:
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.
More...


You can go to C2 to show your trading record.Besides, if you are really good as you claim, there could be a few hundred followers who will pay you $200 a month.

https://trade.collective2.com/

I saw a guy in this site claiming 100% profit per month, and he set up a sim account at C2,only to show his account blown up in a week, then set up a second and third, to blow up again and again.

A trading result by mouth is not something people can trust.
 
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stockpredictor said:
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.
More...

I will share my experience having gone down this route several years ago.

1)You need to have managed 7 figs and up to get any serious looks at yourself. Funds want to be investing in a manager that can scale.

2)Nobody cares if you made 1000% gains in a few months. In fact, this will work against you. Institutions want slow and steady. What's your Sharpe and Sortino? If you can't answer in 5 seconds you are not ready.

3)The more legit the process, the more looks you will get. Consider an incubator fund, I think it's 20K or so. Your trade statements from Robinhood aren't going to cut it.

4)Learn to get social skill. This is probably the most crucial part of the whole process. Introductions and connections are 90%+ of the process to get funded.

To sum up your likely traditional options are: 1)Go prop
2)Find a rich relative or friend that can seed you
3)Keep trading your system yourself

Otherwise you will need a few more years before you raise capital. Good luck.

Other posters have touched upon non traditional methods.
 
Last time i called my bank with a basic trading question, i had to speak with 3 different women (A question was, do they offer limit orders...).

They had to connect me dirrectly with bank's brokers department & i had some laugh with a female who had a sexy voice.
(Or the talk about numbers/intelligence, made it appear so)

Puts into perspective of how much a bank assitant knows.
Their job is to sell you insurance package & some pension plan, not to analize a trading strategy.

Speaking with wrong person. Besides if it's that good, - you shouldmake it by yourself or you're lacking the patience.
 
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