raising funds

Thanks for the perspective. I'm certainly going to keep trading my own account and not change anything on that front. Still it's tempting to make the most of something that works since you never know how long these things last (and I could double my takehome if I could run at capacity, even paying out half). It takes a looong time at 25% ROC to double or triple your capital, and I'd expect my strategy wouldn't still work in another 5-10 years but I guess you can always hope.

Quote from Swan Noir: Do you really want to be in bed with the lender who believes you will not lose their money yet is worried you'll decide not to pay them back?
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If they were going to lend me a million or two, I think it's their right to worry about whatever they want. If I'm making money, I pay them their interest and it doesn't really matter who they are - their money is as good as anyone's in my IB account. If they freak out and want their money back, that's fine - everything is liquid so I can get flat by the close almost always if I need to.
 
Well ... that's why I asked. You clearly do not mind having partners who think you could be a success and still stiff them. It would not suit me but it does you.

Quote from MoreLeverage:

If they were going to lend me a million or two, I think it's their right to worry about whatever they want. If I'm making money, I pay them their interest and it doesn't really matter who they are - their money is as good as anyone's in my IB account. If they freak out and want their money back, that's fine - everything is liquid so I can get flat by the close almost always if I need to.

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Quote from MoreLeverage:

Thanks for the perspective. I'm certainly going to keep trading my own account and not change anything on that front. Still it's tempting to make the most of something that works since you never know how long these things last (and I could double my takehome if I could run at capacity, even paying out half). It takes a looong time at 25% ROC to double or triple your capital, and I'd expect my strategy wouldn't still work in another 5-10 years but I guess you can always hope.

If they were going to lend me a million or two, I think it's their right to worry about whatever they want. If I'm making money, I pay them their interest and it doesn't really matter who they are - their money is as good as anyone's in my IB account. If they freak out and want their money back, that's fine - everything is liquid so I can get flat by the close almost always if I need to.
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Lenders are extremely skeptical of lending money for trading purposes. The only thing more distasteful for them is sports gambling.

I have a small business (about to) and all the loan covenants explicitly forbid securities trading.
 
You have far too much time arguing back and forth on this forum instead of producing results. It makes you look bad IMO.

Quote from traderwann:

@martin, sle, heech - thanks for your comments

it might help to read this thread through from the beginning but i should state that i am trading discretionary based on my experience which is why most of the standard backtesting data was not provided, i also just mentioned this forward testing in the last reply to martin

heech - if you think the hard part is finding a strategy for the next month, what will you say after next month is impressive as well (hypothetically)? how many more months? this is getting to the point of the original question that started this thread, basically: what do i do now / next with my results so far? i should have picked a different title than "raising funds" ... what else, oh yes you say 3 - 5 years but the previous consensus is with a $100k account and scaled down, a 6 - 12 month track record should start generating interest

sle - futures (oil, gold, indexes, euro), but a chart is a chart unless whatever it is tracking looks whacky at first glance in which case not many strategies will work

finally, as for drawdowns i want to really emphasize that i MOST DEFINITELY expect this to change but for now one reason for the high ROI is because there haven't been any drawdowns, and this does touch on a problem i recognize and am currently improving on, twice i've hit up to -$100k before bouncing back, it's not unexpected but i realize that has to change

one of the last questions i asked before Martin revived the thread was how to go about raising the initial few hundred grand as you put it, to get this going, i don't want to let anyone in but i don't know how to raise funds without giving someone something, do you? one thing i hoped to gain from originally asking were some options i might have, so far it seems like the consensus is i don't have any/many, and like i said i also expect that return to drop a fair bit over time
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trader wann
just start emailing and calling everyone you can think of.
You will have to provide details to your potential investors/partners/firms.
if it's as good as you say, you will find someone
 
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