How realistic is it to raise capital using your trading record from an IRA account?

MrMuppet said:
@Tall Mike: I traded other peoples money on several occasion and I'm happy that I don't have to do it anymore. It's a different business that requires a skillset that is different from trading.
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May I ask why you did it?

Was it due to being short on funds when starting out or just generally wanting to leverage your returns?

Personally, I'd have zero interest in taking on money from family and friends, but would have been interested in trading OPM in a professional capacity. I'm sure the opportunity for the latter have passed a long time ago for me as I don't have the correct background and I'm too old by now.
 
The first question a potential investor could pose - where is the non-qualified account?
If none - why and how can they be successful and be showing me only a qualified account?
 
MrMuppet said:
....most people start out with family and friends money since regulation is not mandatory in this case in most jurisdictions........

@Tall Mike: I traded other peoples money on several occasion and I'm happy that I don't have to do it anymore. It's a different business that requires a skillset that is different from trading.

You only need a track record in the beginning...after that it doesn't matter anymore and everything is just sales and red tape
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%%
THAT worked well with mom some:D:D.
BUT I never would want to do as much business with dad, except put some money in his bank.
HOWever my dad was much better @ BANKING business,+ boundarys/ so it varies.
I would rather run a cash real estate business, or flip some of them;
cash markets + public leveraged are so different. Mom got in a big lending legal fight with bro; about 95% bro's fault.....
I looked in to that[Hedge Fund ] in a practical way\
Bullship Press was good ship + good read. Great Trader\ not much of a hedge fund @An American Hedge Fund, by T Sykes............................................................................................
 
Laissez Faire said:
May I ask why you did it?

Was it due to being short on funds when starting out or just generally wanting to leverage your returns?

Personally, I'd have zero interest in taking on money from family and friends, but would have been interested in trading OPM in a professional capacity. I'm sure the opportunity for the latter have passed a long time ago for me as I don't have the correct background and I'm too old by now.
More...

Can't really remember, it's been a while. It probably was a mix of ego as well as economics of scale. More buying power, more volume, lower fees, tech is paid by 0.1% performance/mo instead of 1% performance/mo.

Size is an advantage and I wanted to trade size as quickly as possible.

I wouldn't do it today...at least not onshore. The cost regulation and audit would prohibit any venture below 10m AUM
 
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