How can i raise money?

[ligerny]

Quote from bugscoe:

Let me guess, your fabulous returns are currently on a demo account?

If not, post your statement here and you may just get the money you're looking for.

Your too quick to assume. I tested it with live money as well. Originally on demo like most normal people.

But as far as demo's are concerned. It matters depending on your strategy. Usually people say demo is not the same as real account which is true since emotions are different for both. Only difference my strategy has nothing to do with it emotions or trading on immediate market change. I look at previous days technical data. I plot all my entries with money management rules. It either hits the targets and make profits or take misses and takes losses. Thus emotion is eliminated as no more decision making is necessary as everything is preset.

As far as my statement. If someone professional approaches me, we can speak privately, i don't intend to post it on a public forum

 

[ligerny]

Quote from tradezorro:

I agree with Signate67. This is a phenomenal return ... you're doubling your money every three to six months for goodness sakes. You don't really need to involve anyone else. Get cash advances (10K - 15K) on a couple credit cards and start trading. Pay off the cards in a few months and retire in a few years. I wish I could get returns like yours on just an annual basis.

:eek:Of course, make sure your system works in real life (as opposed to back testing and simulated trading) before trading on credit.:eek::

I rather not assume debt. I'm sure there are more normal methods

 

[ligerny]

Quote from operator:

You think 30% is within reason. Normal payout is 20% profits, but you must be in the same league as Stevie Cohen, Paul Tutor Jones, etc....

Is 10-25% monthly returns considered normal? I think that's very impressive and real traders know that's extremely hard. It's better then con artists claiming there exaggerated 1500% returns lol. Besides hedge funds charge about the same amount and most people lose money with them.

 

[ligerny]

Quote from winsomelosesome:

Dont do it!....One example I can give you is from my own experience
I had 2 individuals and 2 married couples contribute 5k
each, along with my 5k....after the first month we were
up just over 10%
Immediately one couple wanted their $5500 to put
a down payment on a truck..
One individual wanted his $500 profit to pay some bills
The other individual was giving me "hot tips" everyday
The other couple wanted to continue but asked why we
couldnt make more than 10% per month.
The pressure to not lose other people's money was so
great it was actually holding me back
On about the 32nd day I gave them all of their money back

The result?...1)nobody showed any appreciation
2) on my own, I could have made much more
that month
3)since the funds were comingled in my own
account I ate their share of the taxes because
I just wanted to get it over with...and not have
to deal with explaining the tax situation
Listen to the other opinions already given to you...get your
own money and go from there....Yes, I know...the comingling
was very foolish

Well said!

 

[slapshot]

Quote from ligerny:

Hi Guys,

Need your advice. I have a forex strategy that averages 10-25% profit a month and i want to raise money from investors so that i can trade for them and take lets say take 30% of profit which is within reason. Now i don't want to go cold calling and ask people for there spare change. But i wanna raise some serious capital for something that actually works... what would you recommend?

Thanks,

Btw, i hope u dont take this as me trying to sell anything here

Anyone who would come on ET and ask an inane question like this is obviously not experienced enough or qualified to trade O.P.M.

 

[ligerny]

Quote from slapshot:

Anyone who would come on ET and ask an inane question like this is obviously not experienced enough or qualified to trade O.P.M.

So what's the point of this forum, Pointless conversation? I'm Assuming there are some very intelligent individuals on here that can share some good suggestions.

 

[mrman500]

I've considered this before. My account has grown over 500% since I opened it March 1st although it was small to start with.

It seems to that the simplest thing to do is borrow money at 8%-10% per year and keep all the profits for yourself. One would eliminate practically all headaches since you have no customers. Taxes would also be simpler. No need to set up a corporation etc.

If you lack the faith to invest in your system, why should anyone else?

Good Luck!

 

[Surdo]

Two questions before anybody will write you a check:

1. Do you have an audited track record?
2. Are you a licensed CTA?

 

[ligerny]

Quote from mrman500:

I've considered this before. My account has grown over 500% since I opened it March 1st although it was small to start with.

It seems to that the simplest thing to do is borrow money at 8%-10% per year and keep all the profits for yourself. One would eliminate practically all headaches since you have no customers. Taxes would also be simpler. No need to set up a corporation etc.

If you lack the faith to invest in your system, why should anyone else?

Good Luck!

I know it might be a last option if all else fails.

 

[ligerny]

Quote from Surdo:

Two questions before anybody will write you a check:

1. Do you have an audited track record?
2. Are you a licensed CTA?

1- No... Where can i get that done?
2- I have that option. I am a registered NFA member