If u had a great track record, what prop firm would be ur 1st choice for backing?

ah ah :). i have worked a lot on the ego and it shows on the results... let just say i am very wary of "corporations" in general, I am more entrepreunarial, which is one of the reasons I got attracted to trading in the 1st place.

but then thinking about it yesterday again I think it is non sense indeed. my style/strategy/rules are pretty simple in the end, it is more down to execution and intuition and balls for the bottom line... not a mix you can replicate that easily altho I guess to some extent it can be taught...
 
Bob's your uncle! Sounds like a you would make a perfect vendor.


Quote from lemarche:

ah ah :). i have worked a lot on the ego and it shows on the results... let just say i am very wary of "corporations" in general, I am more entrepreunarial, which is one of the reasons I got attracted to trading in the 1st place.

but then thinking about it yesterday again I think it is non sense indeed. my style/strategy/rules are pretty simple in the end, it is more down to execution and intuition and balls for the bottom line... not a mix you can replicate that easily altho I guess to some extent it can be taught...
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anyway. was expecting this kind of teasing..

if you have any advice on (real) prop firms (not the ones after space/execution fees), thanks.
 
Quote from zdreg:

the chance of a firm reverse engineering your trading strategy are between zero and nil. if you believe otherwise you already have a high barrier to successful trading, your ego.
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It depends what it is. your broker who sees all your trades can definitely figure out what you are doing under the right circumstances.
 
Quote from lemarche:

Thanks for the encouragement :)

I have thought about that as well :

With your own money tho, if you are risking a SIGNIFICANT chunk of your NET WEALTH (or/and your friends'/family's), it is much harder to trade.. Because you think too much about latent LOSSES, and that makes good trading MUCH more difficult...

My strategy/style has returned 100% over the past 4 months.. and is even better replicable with a few more lots... Am not talking about pennys.. but would like to play in another league without having those 20-30% maximum drawdowns.. (more $, less risk)
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Strategies that make 300percent annualized in small amounts of money are not valuable. They all blow up.

You may be the exception, but probably not.
 
so far have managed to regain drawdowns quite quickly... let s if that continues.. maybe markets have just been good... however approaching 1000 trades since beginning of track record.
right now have only my gains to lose... not equity, or it seems a long way at least...

yes broker might be looking at it... not sure there is any way around that one.....
 
We need more information to know if you really have a great track record. You say you made 100% over four months but if your gains totaled 1000% and your losses totaled 900%, that's not so great. If you made your profits by getting lucky with a few high-risk trades, that's not so great.

In short, we (and you) need more performance stats to insure you're not just wasting everyone's time.
 
Quote from lemarche:

so far have managed to regain drawdowns quite quickly... let s if that continues.. maybe markets have just been good... however approaching 1000 trades since beginning of track record.
right now have only my gains to lose... not equity, or it seems a long way at least...

yes broker might be looking at it... not sure there is any way around that one.....
More...

What is your profit factor ?

Marexspectron.com/Traders/MarexSpectronPlus.aspx
 
I don't have any experience trading prop. That said I have a good deal of experience in business and a good deal of trading experience. I find your opinion odd.

Assuming a trader walks in the door with a dynamite methodolgy that not only puts up big numbers on the board but fits a risk profile they can live with, can you explain to me why they would not put someone on reversing engineering it?

Even if that process only revealed certain aspects that allowed them to tweak things they were already doing it would have value. What am I missing here?

Quote from zdreg:

the chance of a firm reverse engineering your trading strategy are between zero and nil. if you believe otherwise you already have a high barrier to successful trading, your ego.
More...
 
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