How stockpredictors bank meeting went:
Getting Funding for Trading?
- Thread starter stockpredictor
- Start date
You mean banks or prop shops?
I've talked to a few traders I know and it seems the best way is to just go that route. We'll see.
There are 3 kinds of trading:
1.Mouth trading;
2.Demo trading;
3. Live trading.
Domo trading is to use fake money and is for those who are new to trading.
Live trading is for those who use real money. Only about 5% who trade live reach consistency.
Your trading is mouth trading.
Mouth trading is like this:
If XXX below 100, then short.
This will only work in mouth trading but not in demo trading and live trading.
There is no such easy thing in real trading as when XXX below 100, then short.
Because in real world, XXX can go below 100 and you initiate a short, and XXX bounce back up to 101 and you cut a loss;then it go below 100 again, you initiate another short, then it bounce up to 100.5, you cut again. You may cut 20 times in one hour.
But it works in mouth trading, because in mouth trading you can wait until it reach 95 and then you post that you close the trading at 95. If it did go down finally but go up to 110, you can post that you cut loss at 101.
When I first looked at your thread where your post your trades, I thought this guy didn't even have the experience of a demo trading.
Also you don't have any concept of stop loss.
1.Mouth trading;
2.Demo trading;
3. Live trading.
Domo trading is to use fake money and is for those who are new to trading.
Live trading is for those who use real money. Only about 5% who trade live reach consistency.
Your trading is mouth trading.
Mouth trading is like this:
If XXX below 100, then short.
This will only work in mouth trading but not in demo trading and live trading.
There is no such easy thing in real trading as when XXX below 100, then short.
Because in real world, XXX can go below 100 and you initiate a short, and XXX bounce back up to 101 and you cut a loss;then it go below 100 again, you initiate another short, then it bounce up to 100.5, you cut again. You may cut 20 times in one hour.
But it works in mouth trading, because in mouth trading you can wait until it reach 95 and then you post that you close the trading at 95. If it did go down finally but go up to 110, you can post that you cut loss at 101.
When I first looked at your thread where your post your trades, I thought this guy didn't even have the experience of a demo trading.
Also you don't have any concept of stop loss.
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Word salad guy. This is a small account I could be aggressive with. Happy?
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Proof of the pudding is in the eating. Trust has nothing to do with it.
Could be shared as saparate thread.
Edit : ,,We are full on long-short fundamental managers, but that person can still referral you to someone who will like your style"
Second edit : in another vid, authors mentioned friends and their quant value fund -
Oke, sounds impressive. Lets see the perfomance ~
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I made live calls. But you said it wasn't real money so it didn't count. I showed a statement of real money. Then you say you just don't trust me due to not knowing about loans and prop shops. Burden of proof is in you now. If I'm a cheat, prove it.
If you're a money making machine, use your money to make livings and then trading aggressively by scaling to make yourself wealthy. Using others money to trade won't help you to get any richer 'cuz you only got paid with a small % of commissions.
Seriously, I rejected helping friends (one of them was a rich guy who wanted me to trade his seven figures account) and family to trade for them. Why do I've to take more stresses to myself? I even made lies to them that I lost money in trading so I could stop them from harassing me lol... It's a true story.
Seriously, I rejected helping friends (one of them was a rich guy who wanted me to trade his seven figures account) and family to trade for them. Why do I've to take more stresses to myself? I even made lies to them that I lost money in trading so I could stop them from harassing me lol... It's a true story.