Personal Trading Web Site

Quote from blazing:

DVB

I'd say the website side of things is the least of your problems. Web sites can be whipped up for a song quickly using basic programs.

See a lawyer or contact the relevant aurthorities as far a the legal side of things go.

Get the trading happening NOW and build up your track record. These results can be transferred to the web anytime in the future.


Blazing
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Blazing,

Thank you for your suggestions. The trading is already happening as we speak. I already have some people interested, but they want to see at least a year or two of performance.

DVB
 
Quote from Nana Trader:

Are you a successful trader or not? i didn't understand above
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Nana Trader,

Yes, I am profitable. As far as being successful, I am reluctant to answer this question. To me a successful trader is the one who can make a living from trading: either from capital gains or from the management fees. None of those are my primary source of income.
In addition, some of my core positions may be held for as long as a year or two. Does it disqualify me from "traders" camp, and makes me an investor? I don't think the definition matters, as long as one can produce capital gains for him/herself or investors.

Thank you for all your input.

DVB
 
Quote from Wallace:


You state 'attract investors' — to what end specifically ?

I am looking to start with managed accounts first, and be "plain vanilla" money manager during the first couple of years, charging fixed annual fee. I know a lot of people here dream of LLCs (hedge funds), but for me it is a long-term goal. I would like to build a reputation and a track record first. If I find a client who would insist on using leverage, selling short etc, I'll form an LLC. However, the majority of prospects that I have right now are somewhat risk averse, and managed accounts structure will be ideal for them.

Do you have a source of income currently, or will you be living off your trading ? savings ?

Yes, I have a very good job. I used to be a financial controller for five years for a distribution company. Now I am in corporate finance with the automotive supplier. because 90% of my orders are placed before or after the market hours, there is no conflict of interest.

What's the importance of the 'month' timeframe ?

Not important. But it is #1 item on my "to do" list. After that, I will be sending e-mails to the people I know, and shouting about the web site on every corner.

Have you prepared a formal Business Plan ?

Yes. That was the first step. I also prepare plans for every day, week, and year. It causes a lot of smiles from my loved one, but that's the only way to accomplish a lot of things in short period of time and not go nuts.

My experience in obtaining clients, particulary having people 'part with'/invest large sums of money is that is easy

That is very interesting. I thought getting the clients may be the most difficult part of my business plan. Thank you for sharing your experience

Oh and I'd want a Shorting system included in my 'investment system'.

That is very tough :cool: But I am working on it.

DVB
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Quote from landboy:

DVB, sorry to hear about your situation. I'm relatively new to this myself and I've JUST broken in. It's tough I know...

But I'm wondering if you've applied to be an investment advisor with the likes of Schwab or the other biggies... They hire a good chunk of people, and its hard, down to earth salesmanship that will get you the clients, not just sound investment advice.

Anyways, if you have tried that route, my apologies
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I have tried sales jobs with a local broker and with the Schwab at the beginning of my career. I was assigned to do cold calling at both firms. I was not born in the US, I moved here nine years ago. Now, what do you think the reaction of people was when a stranger with Russian accent called them, and suggested to invest a big sums of money? :D

Anyway it did not work out well. I had to get a paying job, and get an education. I have been trying to break into equity research side of business or M&A shop ever since. Meanwhile, I had a good career going on the accounting/finance side. The funny thing is that it actually plaid against me. I had a good shot at energy trading position (not with Enron :) ) four years ago, I didn't get it because they couldn't understand why I wanted to drop such a good career and start trading. They basically told me that I didn't know what I was getting into.

DVB
 
A quick and easy program for creating websites is Microsoft Frontpage. It won't be anything spectacular, but its easy to use and you can make a respectable looking site with it. You can host your site with digitalspace.net which is the cheapest I know of at $3 per month.

I wouldn't worry about the SEC if you say clearly state that your site is "for educational purposes only and that you are not an investment advisor".
 
Hello DVB, thank you for the detailed answers. You are obviously a professional business man and money manager and know what you are doing.

My cable ISP gives me 10 free, 10MB website 'spaces' + 10 email addresses. Without prior experience I built a temporary website using: http://www.ewisoft.com/ a free very easy to use website builder and had the website up and running within a couple of hours. ewisoft has a user forum, perhaps you could ask the forum if the website you want to build could be built with ewisoft.

Clients. Presumably you are living in the US of A. Congratulations on your current command of English.
Direct unsolicited mail-outs of investment offers to a mailing list of individuals yield on average about 2% in sales of the product. Costs would include brochure (b/w), envelope, postage, labor, cost of rental of a mailing list or time to create one's own. Google mailing lists and associated statistics.

Hire a telemarketer — is telemarketing still possible ?: work at your 'office' or their own. Pay: basic hourly wage plus some sort of bonus for quantity of people who say yes to: "Would you be interested in receiving a written managed account proposal ?" Cold-call business people '9-5' — you know how it works. 30-40 calls per hour. Need some sort of list of names and phone numbers to call from. No idea what the 'closing' % would be from such mail-outs, could be quite high, 30, 50, 70% ?

re: 'Shorting system'; wondering if, if the markets were to go into a decline starting in the 2nd or 3rd quarter, would you still be able to be profitable ?

Please update your progress and your website address when it's up and running.
 
Hi,

Can somebody suggest where I can learn to create a website which has a a left sidebar and a right sidebar with a middle content column. The sidebars can fit in the links as well as some advertising links or banners or polls etc. I like this kind of format but I cannot find a site with custom templates where I can choose such formats. Most only have a simple content and a navigation bar format.

Thanks


Quote from Wallace:

Hello DVB, thank you for the detailed answers. You are obviously a professional business man and money manager and know what you are doing.

My cable ISP gives me 10 free, 10MB website 'spaces' + 10 email addresses. Without prior experience I built a temporary website using: http://www.ewisoft.com/ a free very easy to use website builder and had the website up and running within a couple of hours. ewisoft has a user forum, perhaps you could ask the forum if the website you want to build could be built with ewisoft.

Clients. Presumably you are living in the US of A. Congratulations on your current command of English.
Direct unsolicited mail-outs of investment offers to a mailing list of individuals yield on average about 2% in sales of the product. Costs would include brochure (b/w), envelope, postage, labor, cost of rental of a mailing list or time to create one's own. Google mailing lists and associated statistics.

Hire a telemarketer — is telemarketing still possible ?: work at your 'office' or their own. Pay: basic hourly wage plus some sort of bonus for quantity of people who say yes to: "Would you be interested in receiving a written managed account proposal ?" Cold-call business people '9-5' — you know how it works. 30-40 calls per hour. Need some sort of list of names and phone numbers to call from. No idea what the 'closing' % would be from such mail-outs, could be quite high, 30, 50, 70% ?

re: 'Shorting system'; wondering if, if the markets were to go into a decline starting in the 2nd or 3rd quarter, would you still be able to be profitable ?

Please update your progress and your website address when it's up and running.
More...
 
You will need to create a site with frames (would recommend against it or if you have php knowledge, you can use it with better effects.

Create the 3 individual files, left menu, content, right menu.

Then if your server allows php (most ISP hosting doesn't) turn them into php files or create frames.

Do a search on google about "HTML website frames"

Cheers,

Liam O...
 
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