If you good, best to become CTA and charge 40% of profits. Dealing with giving calls live or laughable delayed is huge pain in arse, only 20% actually will do the calls as those who take services are usually too scared to take them, and those that do take them are not doing one lots as they mixture of profitable, vendors or heavier traders. Best to walk away from this notion and add one more lot, good traders will make more in one day than whatever service one provides for entire room for the month. Plus, good traders can figure out for most part what you are doing and will steal it, you end up competing for price.
Never had and never would join any type of trading chat room - for me any external input will make me start second guessing what I am doing. It would be stupid to assume someone is profitable because they say so. Are they showing you at least several years of audited tax records by and breaking down their trading metrics like every CTA does? It is always amazing at how many people will jump on board for training from someone they know nothing about - a fool and their money are easily parted.
Which CTAs are charging 40%?
WOW were do you guys come from ????? If you Luke are making money great, if not then work harder. what the hell, If you are really making money then why on why would you need traders watching you? Its a hoax traders, any smart programmer can change a trading platform to show wins after 15 minims. You fools that said yes to watching Luke trade grow up and study harder, STOP being fools! Like the old saying goes "a fool in his money is soon parted"
@Handle123
No CTA charges 40%. Ever. These days it's more like 10% for serious deals and 20% for smaller more HNWI-ish deals.
L
lukas
Thank you all for taking time to contribute to this thread and voting in the poll. It gave me good food for thought.
I am looking to find a business model that would allow me to capitalize on my trading not purely by using my own, relatively small capital. Trying to figure out how to get bigger and get there in a reasonable time. I am considering two ruotes: education/mentoring, or managing other people's money. The obstacles with the latter are regulatory issues (costs, bureaucratic approval/rejection of my application to become regulated) and lack of connections with potential clients.
However, I do agree that these two routes should not be combined - it would not be credible to be a serious professional such as a CTA and be part of the dodgy "trading education scam" at the same time, despite my best intentions.
You have more chance of doing what you want by managing other people's money.
If you have less than 10 clients, don't cold call and manage less than 14m$, you may not even need to register (assuming you only trade derivatives and not securities and that you live in the US). The competition is very tough however so you'd still probably need to find friends and family money first.
