Prop firm without day-trading?

archeolog108 · Aug 30, 2017

Hi

I am using diversified strategy (about 24 instruments - futures) where average holding period is 10 days.

Total CAGR is 79% and Drawdown is 19% in the last 7 years.Of course I can scale down the risk. CAGR/DD will be around 4.

Would any prop firm be interested in me trading their money? I need more capital to speed up compounding....

Clubber Lang · Aug 30, 2017

archeolog108 said:
Hi

I am using diversified strategy (about 24 instruments - futures) where average holding period is 10 days.

Total CAGR is 79% and Drawdown is 19% in the last 7 years.

Would any prop firm be interested in me trading their money? I need more capital to speed up compounding....

If you started with a measly $10,000 seven years ago you would have almost $600,000 now.
You should be worth 8 figures soon.

archeolog108 · Aug 30, 2017

Clubber Lang said:
If you started with a measly $10,000 seven years ago you would have almost $600,000 now.
You should be worth 8 figures soon.

I don't have measly 10000 USD. Only about 1000 USD.

USDJPY · Aug 30, 2017

archeolog108 said:
I don't have measly 10000 USD. Only about 1000 USD.

How do you trade 24 instruments with $1,000?

Overnight · Aug 30, 2017

USDJPY said:
How do you trade 24 instruments with $1,000?

The only way I can see this happening (and it is a stretch here) is using margin credits on spreads. Otherwise, it is BS.

lindq · Aug 30, 2017

archeolog108 said:
I don't have measly 10000 USD. Only about 1000 USD.

Gosh, I may be wrong here, you know, but I'm thinking that you may not want to lead off your presentation with the fact that you have been trading a diversified strategy for seven years and have a thousand bucks to show for your efforts.

Stocktracker · Aug 30, 2017

archeolog108 said:
Hi

I am using diversified strategy (about 24 instruments - futures) where average holding period is 10 days.

Total CAGR is 79% and Drawdown is 19% in the last 7 years.Of course I can scale down the risk. CAGR/DD will be around 4.

Would any prop firm be interested in me trading their money? I need more capital to speed up compounding....

Grasshopper; I think you forgot to mention the paper trading part!

motif · Aug 31, 2017

archeolog108 said:
Hi

I am using diversified strategy (about 24 instruments - futures) where average holding period is 10 days.

Total CAGR is 79% and Drawdown is 19% in the last 7 years.Of course I can scale down the risk. CAGR/DD will be around 4.

Would any prop firm be interested in me trading their money? I need more capital to speed up compounding....

Ironically, I just recently saw an advertisement at a job site for traders in Boston. Maverick Trading.

DeltaRisk · Sep 1, 2017

Overnight said:
The only way I can see this happening (and it is a stretch here) is using margin credits on spreads. Otherwise, it is BS.

Can't do it correctly without PM or RBH.

If the guy is trusting SPAN, he is going to have hell to pay.

birzos · Sep 6, 2017

archeolog108 said:
Hi

I am using diversified strategy (about 24 instruments - futures) where average holding period is 10 days.

Total CAGR is 79% and Drawdown is 19% in the last 7 years.Of course I can scale down the risk. CAGR/DD will be around 4.

Would any prop firm be interested in me trading their money? I need more capital to speed up compounding....

Who doesn't want faster compounding, from the way your post is structured looks like you ran a backtest on 7years of data, not actual trading, if only it were that simple. The direct answer, not a chance, why don't you put your strategy on one of the social networking sites and build up a reputation, the only other way is to drop to low timeframe trading but that's a whole other ball game.