Hi, I recently joined this site and have spent a couple of hours reading the various threads with interest.
My story has all the ups and downs to fill a best seller, but most importantly I feel my story is just beginning.
I have been running a hedge fund or managing a trading account for wealthy investors for more than 5 years with varied success.
I am very proud of my actual trading track record but what I have found to be more important is to earn sufficient fees to cover the management companies expenses.
I often say to my wife I don't know how I am still in the game, with all the obstacles we have had to overcome.
So here is some advice for a hedge fund startup or a trader who is trading for a living. I will leave all the personality criteria such as resilience and confidence and a whole lot more out of this equation.
You need capital, and I mean more than 3 months worth of working capital. You probably need about 3 years worth of working capital assuming small fees/profits from your second or third year.
This isn't to say that you cannot be hugely successful from the beginning, but you will probably be just a case of random luck.
I believe this is the greatest job in the world, the stresses at times seem unbearable but you come back and work through the difficulties and then suddenly things work according to plan and you are hooked all over again, and so the cycle continues.
I have staff, I have pretty big expenses, I am a family man with kids in private tuition, I moved countries 3 months ago, and now operate from home while my team continues operating out of another country.
After 5 years of blood sweat and tears, I feel like I am on the cusp of something big, but then I check our bank balances, and the personal loans sitting on our balance sheet and I get this sinking feeling. (Probably didn't help that we lost money today)
Thank goodness the payoff profile is so large if one is able to succeed in this business.
Good luck out there, if you believe you have something special and you are on the journey, never give up.
My story has all the ups and downs to fill a best seller, but most importantly I feel my story is just beginning.
I have been running a hedge fund or managing a trading account for wealthy investors for more than 5 years with varied success.
I am very proud of my actual trading track record but what I have found to be more important is to earn sufficient fees to cover the management companies expenses.
I often say to my wife I don't know how I am still in the game, with all the obstacles we have had to overcome.
So here is some advice for a hedge fund startup or a trader who is trading for a living. I will leave all the personality criteria such as resilience and confidence and a whole lot more out of this equation.
You need capital, and I mean more than 3 months worth of working capital. You probably need about 3 years worth of working capital assuming small fees/profits from your second or third year.
This isn't to say that you cannot be hugely successful from the beginning, but you will probably be just a case of random luck.
I believe this is the greatest job in the world, the stresses at times seem unbearable but you come back and work through the difficulties and then suddenly things work according to plan and you are hooked all over again, and so the cycle continues.
I have staff, I have pretty big expenses, I am a family man with kids in private tuition, I moved countries 3 months ago, and now operate from home while my team continues operating out of another country.
After 5 years of blood sweat and tears, I feel like I am on the cusp of something big, but then I check our bank balances, and the personal loans sitting on our balance sheet and I get this sinking feeling. (Probably didn't help that we lost money today)
Thank goodness the payoff profile is so large if one is able to succeed in this business.
Good luck out there, if you believe you have something special and you are on the journey, never give up.
