Jack Schwager discusses FundSeeder, a free platform to find undiscovered worldwide trading talent
- Thread starter dealmaker
- Start date
It's good to hear Jack be really honest about this when asked about funding. He did not act like "everyone wins" and "we'll fund anybody". He said something most here will not want to here, they are looking for the top 1%.
Well that is part of the problem. Everyone on ET thinks they are in the top 1%. LOL.
Maybe you missed the part about "undiscovered talent".
-- if Everyone thinks they are in the top 1% of traders...then someone, or some people Have to be right.
Yeah but they don't have to be a part of the ET subset of data.
Only noobs think a super trader can turn 10k or 50k into millions in a short period of time (some think, even with less... lol).
If you can generate 50% return p.a. with little volatility you are for sure among the top 1%. However, even with 100k or 200k in capital it doesn't get you very far. You need to have a larger capital base in order to make serious bucks. And if you haven't inherited larger amounts of money, you are dependent on outside capital, be it friends & family (most will have limitations here too) or a platform like fundseeder.
If you can generate 50% return p.a. with little volatility you are for sure among the top 1%. However, even with 100k or 200k in capital it doesn't get you very far. You need to have a larger capital base in order to make serious bucks. And if you haven't inherited larger amounts of money, you are dependent on outside capital, be it friends & family (most will have limitations here too) or a platform like fundseeder.