Hiring a day trader
- Thread starter JTX1
- Start date
If you offer to fund his/her account & pay the data fees etc, you should have any number of takers. The trick is sorting the hay from the chaff.
I'm pretty sure daytraders are on C2 ( collective2.com ). The site verifies trades etc.
The first check should logically be: Those who don't want to trade for you are the best ones as they trade their own money.
Why split profits as daytrader if you can keep all for yourself?
The more eager daytraders are to trade for complete strangers, the bigger the risk for losing money. I know a few "daytraders" that will accept to trade your money as they are still in their "development stage". Once they make consistently money they will stop to trade for others. They just need clients to shift the risk, not the profits.
How much money have you set aside to allocate toward day traders?
What structure have you set up to do this and how will you be compensated?
Will they be putting up any funds as first loss or with your money at risk?
Any think else you want to tell us? I'm sure if you are offering a fair deal, you might get some traders away from prop firms.
You joined yesterday, your first post, so we will play along.
Never ever ever, let any other person control your own finances, for, to do so is silly and ridiculous.
If you want to make money daytrading, here is a simple tip, that if you have half a brain you will be able to see the value in, and it won't cost you a penny (cent for those who are too young to understand)
All you need do is clear your mind of idiotic and childish thoughts, and start thinking and acting your age, which of course is the hard part!
ES loves DT and DB.
These are not some juveniles with identity problems
J_S
Last edited:
rmorse
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Because they can do both. They can trade their own account and get an allocation with a % split. If you are at the same broker, they can set up post trade allocation to trade multiple accounts pari passu.
Wha? If you trade $100k for yourself, you can increase your income by trading an additional $100k of someone else's money.
Isn't this why funds exist?
Yes, theoretically they can. But most succesful daytraders have already problems to put all their own money in the market as they play very short term. I trade the ES and cannot even invest all my own money as size would become too big. Why should I take money from investors then?
For good traders size becomes at the end the problem as they always grow, but the market does not grow at the same rate.
I am sure they can, even trade 6 accounts at the same time!
Some people are VG at trading other peoples money, for the simple reason that there are no emotional attachments, so if they lose, they don't really care.
Can one make money giving control of your finances to someone else, heck yes, lots of money, but it can easily go the other way as well.
No reward without risk, no matter what any person may try to tell you, or, sell you!
Trading is a mugs game, but only if you are a mug!
Open you eyes (mind), get off your fat lazy arse, work out the odds, and play the game. You can make money once you keep in the game, which I should not have to mention how accomplished.
100 pennies make a pound, or again for our young know alls, 100 cents make a dollar!
J_S