Increased My Account Over 1,000%, Want To Get Hired

[NoDoji]

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.

"Like assault weapons and market derivatives, the technologies that allow us to alter the global environment that sustains us should mandate caution and prudence." - Carl Sagan, The Demon-Haunted World

Slow and steady wins the race.

 

[clacy]

Just curious, are you with fundseeder and were you able to attract investors?

No, I'm just a retail guy with a full time business that trades off daily charts on the side, but I am profitable and my performance has been steadily getting better, to the point where I may look at Fundseeder or something similar down the road if my performance stays like it has been.

 

[Buy1Sell2]

I started experimenting with trading in September 2013 and started trading seriously with $1100 in July I reached $8700 by November, I deposited another $4000 to my account and upped the size.

I have high 5 figures now.

FALSE

 

[Buy1Sell2]

Apply at some firms and see what they say. If they say no, then keep trading and developing your edge.

The only true edge in trading is capital and the prudent use thereof.

 

[gkishot]

No, I'm just a retail guy with a full time business that trades off daily charts on the side, but I am profitable and my performance has been steadily getting better, to the point where I may look at Fundseeder or something similar down the road if my performance stays like it has been.

If you trade stocks, look at covestor not fundseeder, they charge investors, not traders.

 

[xandman]

If you want to manage money, you got to hit the pavement. Become an RIA. If you want to be a protrader without the education, you gotta make it thru the the bucket shops.

Anybody can run highly correlated strategies in multiple accounts and only present the winning strategies. You can do that and perhaps somebody will bite.

 

[lawrence-lugar]

Most succesful traders or investors who use a company, are almost always the major, or even the sole stockholder in this company. Look at Soros and Simmons.

Another top guy I can think of that runs his own hedge fund...with basically just his own money in play is Dan Zanger of ChartPattern.com
Westwood Capital. $40mil of his money.
http://www.chartpattern.com/cf/images/new/articles/traders-mag-aug2010.pdf

 

[hajimow]

In order to show that you are really something you should show :
1-at least 3 years of history
2- Have done many trades. Just having a position that skyrocketed is not accepted. You should show that you traded a lot and most of the time you were successful and how you handled the losing trades.
3- Trading with gambling money like 1K , 5k, or 20K does not count. For example when you sell your house or put a sizeable amount of your cash into your trading account and start to trade, you get wet palms when you hit the keyboard. Many people can keep their calmness and when trading only 1K and get 500% return on that.
4- Asking to get hired for trading when you are that successful is like saying I can make a million in a year but let me use your money and make you a millionaire as I don't trust myself in trading my own money.

 

[countercountertrend]

If you have reached this result over a large sample of trades say 1k+ and your risk is tightly controlled this will be seen very favorably by prop firms because it is a live account . If you can consistently make money you dont need a prop firm anyway. Environment could be helpful, maybe you want to learn more. Cheaper commissions never hurts.

 

[Yukoner]

I started experimenting with trading in September 2013 and started trading seriously with $1100 in July I reached $8700 by November, I deposited another $4000 to my account and upped the size.

I have high 5 figures now.

I do however believe that I was in the right place at the right time. Since I didn't have much capital to start with I fell into the currency market where the commissions and spreads wouldn't eat into my equity.

I basically started to capitalise on trends that started developing from the moment I got in the game in EUR,GBP,JPY,AUD,CAD against USD.

I would leverage up anywhere from 10-50 times and ONLY short the majors against the dollar.

Since the trends were so strong I would almost never get stopped and wake up with a take profit executed.

I held my trades for 8 hours - 5 days. Depending on leverage.

My strategy is basically trend following and having stops wide enough to maximise my odds of profiting instead of getting stopped.

However I tried the same strategy in stocks and got burned quickly, lost about 10k.

I realised I am only good at trading currencies,gold,silver and indexes. I would love to get backed at a prop firm where I heard the odds of success are higher than retail.

Any tips on how I go about this ?

"I do believe I was in the right place at the right time." Wow, now that is some insight... that statement alone says a lot. Well done for acknowledging this insight.

My advice is to firewall all of your profit to date, except for $10,000. Take it out of the market, and now it never goes back in.... it's firewalled.

Then take the $10,000 remainder and keep trading your strategy, keep doing everything the same, and see how that turns out. If you get to roughly $100,000 then firewall half of it... and repeat with $50,000 starting.

Now you can approach some prop firms for backing. You will show a few things.

1) You weren't just in the right place at the right time.

2) You had the discipline to withdraw funds from the market, AND build it all back up again. Repeatable trading behavior.

3) At this point you would have about two years of trading history in a variety of market conditions.

Good Trades,
YK