Looking for experienced traders on profit sharing
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An experienced trader that is already profitable would use OP's account to try something riskier; maybe that is what is all about . It is well known that when people trade with others' accounts they perform better as the fear to lose is removed. I think that is the plan all along, give an experienced trader a better environment to trade.
If anyone is to lose here that would be OP.
If anyone is to lose here that would be OP.
agree.
There are traders who do better when trading with other people's money.
So if the OP manages to have such traders, then OP is in luck.
I rarely get involved in such discussions, but I feel I can contribute slightly.
1. Most traders that trade successfully, wouldn't waste their time even for a $5k freeroll (if they're already in the market).
2. You're better off putting that kind of sums in to SPXL or TQQQ for the next few years - doubt after split many will achieve better results for you.
3. You have the right idea in staking, but I suggest with that kind of funds, you'll get much better ROI if you stake proven poker players with verifiable results.
Good luck!!!
1. Most traders that trade successfully, wouldn't waste their time even for a $5k freeroll (if they're already in the market).
2. You're better off putting that kind of sums in to SPXL or TQQQ for the next few years - doubt after split many will achieve better results for you.
3. You have the right idea in staking, but I suggest with that kind of funds, you'll get much better ROI if you stake proven poker players with verifiable results.
Good luck!!!
Poker is a much fairer game. Stock market is rigged against the small retail. Way too much manipulation and p&d pyramid schemes going on its easy to get caught at the wrong end. I think there are many capable traders out there that are undercapitalized and would have a higher chance of success with a proper bankroll. But yeah, it will be more difficult than finding capable horses in poker.
What if they lose money? Do they need to shoulder 50% of the loss as well?
%%
THAT could work well;
as long as you did not let losses run a month.
SPXL most likely would make you more money, so you may want to exclude SPXL, other WISE you just would get 50% of spxl profits..............
I already tried this is 2019 and 2020 and it will not work.
Reasons:
1 IB is wrong broker (for futures, stocks/options ok).
2 Need automated risk management.
3 No trader can trade successfully on his own (as part of a team, yes).
4 Traders need lots of training from experienced mentor.
5 Data fees are a killer. All subaccounts are automatically classified as professional user for date fee purposes.
6 50% of profit is way too much to pay. Large banks/hedge funds pay 10% of profits but obviously expect each guy to make multi-million in profit a year on capital allocation of like 50-100 million per trader.
7 5k is too little risk to allocate unless just for the first couple weeks.
I solved for all these problems and now doing well.
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Care to tell more?