I know but how many others were trading currencies at the same time and lost everything or had very average returns ?
Increased My Account Over 1,000%, Want To Get Hired
- Thread starter Fundlord
- Start date
I know but how many others were trading currencies at the same time and lost everything or had very average returns ?
Do you mind to explain how you defined trends and their strength?
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If you can trade trends profitably, then that's great for you. Just keep doing what you've been doing. As someone else posted, apply for some trading jobs and see if you have enough experience. While you're doing that, you'll be adding more and more experience as time goes on.
You can also register with fundseeder. They will track your trades and companies that are interested in hiring traders can watch to see if your performance/track record/trading style matches what they are looking for.
Just curious, are you with fundseeder and were you able to attract investors?
u dont want go get hired! if that is what u want.. u are no "alpha"... want to be successfull and happy in life ? .. act like it! else u r just a peaseant...
rethink what u want in life.. and especially with that money in your pocket... reflect wisely
ie. skill or luck ? both ? whats next.. u didnt seem to have a longterm goal wehn achievieng money in trading did u ?
get hired for what ? social status ? are u afraid to take own actions .. do u want to lead (active)
or be led (reactive).. ?
in trading u want either worker drones . if that do this or get replaced! (pnl)
or leaders with visions and game changers.. ie. succesfull people.. mostly they go on by themselfes but even they can get replaced with new potentional natural alphas in their prime... (win/win)
know what u want! and do it!
if u are still in the learning phase and seek new knowledge.. well then a succesfull track record may open doors... but its u who makes the difference, ie if u will end up as a drone or a individual not easy to replace person ..
good luck
rethink what u want in life.. and especially with that money in your pocket... reflect wisely
ie. skill or luck ? both ? whats next.. u didnt seem to have a longterm goal wehn achievieng money in trading did u ?
get hired for what ? social status ? are u afraid to take own actions .. do u want to lead (active)
or be led (reactive).. ?
in trading u want either worker drones . if that do this or get replaced! (pnl)
or leaders with visions and game changers.. ie. succesfull people.. mostly they go on by themselfes but even they can get replaced with new potentional natural alphas in their prime... (win/win)
know what u want! and do it!
if u are still in the learning phase and seek new knowledge.. well then a succesfull track record may open doors... but its u who makes the difference, ie if u will end up as a drone or a individual not easy to replace person ..
good luck
"Odds of success" - what do you mean? Your strategy doesn't seem particularly speed or fee sensitive.
Likely you don't know enough to be trading successfully and for now the winning move for you is not to play. Past performance is no indication of future results, you're exposed to a very high risk of ruin, and don't seem to know enough about why in theory your strategy should continue to make money.
Most people can't quit while they're ahead or accept they got lucky due to human nature. Perhaps a compromise would be to only risk e.g. 20% of your total net profits, continue running the strategy at a smaller leverage for e.g. 1 year. If it blows up, you've saved 80% of your capital, if it doesn't maybe you have something.
This is opposite to the advice I'd give if someone had turned 10k into 80k with a legit edge - you'd want to keep pushing as much size as the market could handle/your buying power would allow for as long as the edge persisted. But that assumes you actually have something. And while it is possible you do the odds are overwhelmingly against it.
Here is a question: can you explain why your strategy should continue to make money?
I sure as shit am not quitting while I am ahead, 5 figures is not going to change my life nor many others.
I know a lot of market theory, read about 15 books about trading and market theory and I am actually qualified to give financial advice regarding investment. (none of this helped me make a dime, I actually think it is counterproductive)
My risk of ruin is very small and I have never had a drawdown exceeding 20%, I don't think I will blow up my account as long as I stick to currencies as they rarely gap or move sharply with the exception of what happened to CHF this year. If a news announcement is coming up I drop the leverage considerably.
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I can keep trading my stake and grow it past 5 figures to 6,7,8 figures who knows, but having access to larger amount of capital and the right performance and I will get wealthy much faster.
Charging performance fees to investors in a hedge fund structure or getting a 75% profit share at a prop firms managing 7/8 figures seems like a much faster road to wealth as opposed to trying to knock out 500% year after year.