Looking to Sponsor Trader in PA

Quote from TruthTeller:

them deposit their funds in their name at my broker. I enter trades, get paid 20% of all profits, and everyone is happy. are protected by the LLC. [/B]
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I would be very carefull with this kind of setup.
I can tell you at least in Germany your customer could maybe sue you to pay all the losses you caused him if you have not made a very carefull designed contract with him.
And as we all know losses can happen everytime and don't count on the fact that someone told you he knows the riscs.
 
nihabashi's post is money.


Basically you need to provide enough capital where using it returns much much more then his current trading income.

Profitable trader - $150k a year using 1 M capital

You probably need to allow him 5 M capital
50% 350k a year


10k , you couldn't even buy a ticket into a bs optionetics seminar course really :)
 
Quote from Topsurfi:

I would be very carefull with this kind of setup.
I can tell you at least in Germany your customer could maybe sue you to pay all the losses you caused him if you have not made a very carefull designed contract with him.
And as we all know losses can happen everytime and don't count on the fact that someone told you he knows the riscs.
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A point well taken, which is why I don't engage in trading for someone else without a clear understanding in writing, and a disclosure repeated again with every invoice I send. They are also given the option to withdraw at anytime for any reason.

Nothing I have said in these posts is a solicitation for anyone's business. I am trying to give those less experienced an idea of how things can be done without moving to a hedge fund structure.
 
in one case I put up 25K account and I decided to call it quit at 7K, now it certainly begged a question, why didn't I terminated it sooner...

my answer

Quote from t-time:

...because I do not have the time to teach myself ...
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