How can i raise money?

Surdo · Dec 7, 2008

Quote from ligerny:

Well maybe I'm too demanding as the old saying goes "Beggars cant be choosers". I could take $100 turn it into $1000, but for me to this with $100 and getting up during the night to put on a trade doesn't seem worth it. If i'm trading $100,000 account at least now were talking and I'm getting something significant for my time.

Turn a $1000 FXCM or OANDA mini account into $1500 in 30 days and I will be impressed, Post your blotter on here once a day.

If you want any credibility, you are gonna have to prove it, otherwise seriously you are wasting your time shaking your tin cup here!

surdo

limitdown · Dec 7, 2008

Quote from ligerny:

Well maybe I'm too demanding as the old saying goes "Beggars cant be choosers". I could take $100 turn it into $1000, but for me to this with $100 and getting up during the night to put on a trade doesn't seem worth it. If i'm trading $100,000 account at least now were talking and I'm getting something significant for my time.

wrong answer, wrong disposition, wrong approach at this...

that is what your clientle, or those to whom you pitch your offer to will decide in their minds,

perhaps they will NOT voice it, but certainly think it.

take one guess, what their next step will be?

yeah, that's right, hang up

whether over the phone, in their mind, or in their attention wondering to some other offer coming at them....

tradezorro · Dec 7, 2008

Quote from ligerny:
I could take $100 turn it into $1000, but for me to this with $100 and getting up during the night to put on a trade doesn't seem worth it.

If you start with just $10,000 - $15,000 you're a millionaire in about two years (considering average return of 17.5%).

Are you really saying you can't drag yourself out of bed for two years to become a millionaire with your own money but you are willing to put in roughly the same time and effort if someone else gives you 100K up front with you keeping 30% of the profit?

ligerny · Dec 7, 2008

Quote from Pita:

Only with the statement that you have actually forward tested you completely lose credibility in case there ever was any. You gotta prove first that you can make a living from trading before asking for others' saving. No hard feeling but I strongly assume that you are facing a mindstage of phantasy future. Prove me wrong and I get you some bucks.

Actually im being realistic!

ligerny · Dec 7, 2008

Quote from limitdown:

wrong answer, wrong disposition, wrong approach at this...

that is what your clientle, or those to whom you pitch your offer to will decide in their minds,

perhaps they will NOT voice it, but certainly think it.

take one guess, what their next step will be?

yeah, that's right, hang up

whether over the phone, in their mind, or in their attention wondering to some other offer coming at them....

And telling someone hey look i turned $100 into $1000 when there minimum investments is six figures.... It's not very convincing to a large investor from that perspective... Yeah the % return is impressive but in an investors mind, handing $100 is nowhere near there $100,000 account. Need to read what i wrote more carefully

Surdo · Dec 7, 2008

Just so we are on the same page, you think investors are going to fork over $100K to someone with NO track record?

Ever hear that phrase, "you gotta' crawl before you can walk"?

I do believe I have wasted enough time reading this thread.

surdo

ligerny · Dec 7, 2008

Quote from tradezorro:

If you start with just $10,000 - $15,000 you're a millionaire in about two years (considering average return of 17.5%).

Are you really saying you can't drag yourself out of bed for two years to become a millionaire with your own money but you are willing to put in roughly the same time and effort if someone else gives you 100K up front with you keeping 30% of the profit?

From that perspective your right. But Isn't spending 1-3 month trying to raise lets say six figures instead of 10-15k a lot faster?

ligerny · Dec 7, 2008

Quote from Surdo:

Just so we are on the same page, you think investors are going to fork over $100K to someone with NO track record?

Ever hear that phrase, "you gotta' crawl before you can walk"?

I do believe I have wasted enough time reading this thread.

surdo

Who said i have no track record...

Pita · Dec 7, 2008

Quote from ligerny:

From that perspective your right. But Isn't spending 1-3 month trying to raise lets say six figures instead of 10-15k a lot faster?

Your arguments getting more and more convincing, hehehe.

unsubscribed

makloda · Dec 7, 2008

Quote from ligerny:

From that perspective your right. But Isn't spending 1-3 month trying to raise lets say six figures instead of 10-15k a lot faster?

If it was so easy to raise six figures, why are you coming to a forum asking for advice?

Fact is, it is extremely hard to raise money from third parties (other than family and friends). Before you even begin approaching third parties, you should consider establishing

a) a professional setup (office, legal advisor, monthly auditing and NAV calculation)
b) a minimum 3 year audited historical track record

There are 10,000 guys like yourself waiting for rich guys to give them money to trade without asking any questions. Why would they choose you?