I am only 22 but want to be a CTA. I trade some on my own and spend a lot of time looking over chart histories and idiosyncrasies of candle charts on oil, ES, gold, nat gas, coffee. Have been pretty accurate, trading UCO and SCO and also on my call that coffee would get at least a nice bounce a few months ago).
If I passed the Series 3 despite no firm affiliation or anything, what can I do with that Series 3? And then if I wanted to start say a small fund of friends and family, probably a commodities based one (I think they are way oversold) and one part of it more so positional trade setups, the other just long term investing in cmdtys based on longer term trends like currency debasement everywhere) what Series do I need to pass/how do the logistics work for running a fund like that? I only have experience literally with my own Scottrade acct, but how would I actually pool the money and obviously keep segregated?
And then for backtesting, how would anyone with experience recommend importing candle data (I look for idiosyncrasies like long tail wicks which bode bullish, and want to find a risk/reward probability model in general, such as a long tail wick which should be bullish but mkt still goes down a ways, not is even more 'ripe' to buy as chart history says those wicks are very bullish and ultimately followed up by sizable moves up-5 hr charts to longer term).
Just some questions, any help would be great.
If I passed the Series 3 despite no firm affiliation or anything, what can I do with that Series 3? And then if I wanted to start say a small fund of friends and family, probably a commodities based one (I think they are way oversold) and one part of it more so positional trade setups, the other just long term investing in cmdtys based on longer term trends like currency debasement everywhere) what Series do I need to pass/how do the logistics work for running a fund like that? I only have experience literally with my own Scottrade acct, but how would I actually pool the money and obviously keep segregated?
And then for backtesting, how would anyone with experience recommend importing candle data (I look for idiosyncrasies like long tail wicks which bode bullish, and want to find a risk/reward probability model in general, such as a long tail wick which should be bullish but mkt still goes down a ways, not is even more 'ripe' to buy as chart history says those wicks are very bullish and ultimately followed up by sizable moves up-5 hr charts to longer term).
Just some questions, any help would be great.
