Mav.. you'd make a good con man! If you don't believe my model works then I guess you don't believe any traders, systems, or hedge funds can make money in the market.
I have tracked many systems and traders, myself (via c2). I found that short term success.. often no matter how spectactular isn't very representative of future success. However, as I said the longer term succcessful guys tend to continue to be successful.. this goes for both systems and traders.
It may be that I need to go to a year out model but there is no inherent reason that my model wouldn't be succesful. Did you ever hear of Turtle traders? I have complete control over who gets funding and can base it on the best statistical metrics and even go over their trading basis, if it interested me.
The only reason they might not be successful is the funding so low that it might encourage excessive risk taking-- otherwise the model is as sound as any other trading model -- heck probably more. The risk taking is kept mostly in-check by the funding level and the risk controls.
They won't lose multiples of 6k because I already said they'd have a loss limit of 6x their daily loss limit 6*900 = $5,400.
Honestly, your very pessimistic and if a trader could hit the TST/PTK combine objectives for 6 consecutive months in realistic sim then I would be willing to fund them at a higher level then the lowest TST/PTK level. In fact, I don't have any systems that can do that nor have ever created a system with that high of a return. Now, would I fund them if they hit TST/PTK goals for 1 month? No because I don't believe it tells me enough.
The model I suggest would be easier then the work it takes for me to do develop trading systems, and I believe have a good chance to work going forward. I don't get why you think it would be so much work. The hard part would be the setup. But running it could be easy as browsing trading systems at a site like C2.
Most people have a harder time following long term goals too -- even easy ones. Ever wonder why losing weight is so hard? So, I'm guaranteed to collect some of those scout fees.
I think this model would work except that I don't believe there are that many people who are really dedicated to trade craft. I'm not convinced there would be more then a handful of recruits at any time. In that sense... it'd never get off the ground. just get a trickle of scouts...
But, I have better things to do then argue over hypothetical plans that I'm not going to implement any time soon and will likely never do... lol
I have tracked many systems and traders, myself (via c2). I found that short term success.. often no matter how spectactular isn't very representative of future success. However, as I said the longer term succcessful guys tend to continue to be successful.. this goes for both systems and traders.
It may be that I need to go to a year out model but there is no inherent reason that my model wouldn't be succesful. Did you ever hear of Turtle traders? I have complete control over who gets funding and can base it on the best statistical metrics and even go over their trading basis, if it interested me.
The only reason they might not be successful is the funding so low that it might encourage excessive risk taking-- otherwise the model is as sound as any other trading model -- heck probably more. The risk taking is kept mostly in-check by the funding level and the risk controls.
They won't lose multiples of 6k because I already said they'd have a loss limit of 6x their daily loss limit 6*900 = $5,400.
Honestly, your very pessimistic and if a trader could hit the TST/PTK combine objectives for 6 consecutive months in realistic sim then I would be willing to fund them at a higher level then the lowest TST/PTK level. In fact, I don't have any systems that can do that nor have ever created a system with that high of a return. Now, would I fund them if they hit TST/PTK goals for 1 month? No because I don't believe it tells me enough.
The model I suggest would be easier then the work it takes for me to do develop trading systems, and I believe have a good chance to work going forward. I don't get why you think it would be so much work. The hard part would be the setup. But running it could be easy as browsing trading systems at a site like C2.
Most people have a harder time following long term goals too -- even easy ones. Ever wonder why losing weight is so hard? So, I'm guaranteed to collect some of those scout fees.
I think this model would work except that I don't believe there are that many people who are really dedicated to trade craft. I'm not convinced there would be more then a handful of recruits at any time. In that sense... it'd never get off the ground. just get a trickle of scouts...
But, I have better things to do then argue over hypothetical plans that I'm not going to implement any time soon and will likely never do... lol
