Where can I find backing to Swing Trade (Have +100k capital)

[justrading]

I spoke to them last week. They only find funding for CTAs at the moment.

I only took a quick look at the home page when I first saw it, the general impression was that anyone who felt they had a shot could sign up for free, develop a track record, and get funding if any investor was impressed - a matchmaking service of sorts. They talk about access to trading metrics and so on as an added attraction.

Since they actually limit it to only those who already have a verifiable track record, there must be something in it for them to get heaven knows how many hopefuls signed up.

I'm not going to guess. There are so many startups providing free stuff and don't seem to monetise it, that it's obviously beyond me.

 

[gkishot]

Thanks, that just leaves me with more questions about the Fundseeder concept. As I understand it, those who trade OPM have to turn in audited accounts/reports which establish performance. Why should such a person have to jump through hoops with Fundseeder to prove what is already available?

I'm not expecting an answer from you, unless you happen to know, it's just something I'm wondering about.

One line of reasoning would be as follows: Even one has a proven track record he/she still needs a marketplace to showcase it to potential investors. Fundseeder seems to provide this service.

 

[justrading]

One line of reasoning would be as follows: Even one has a proven track record he/she still needs a marketplace to showcase it to potential investors. Fundseeder seems to provide this service.

That's a good point. I rather assumed from the top CTA rankings I've seen in magazines and online that it would be easily available, but nothing would beat a marketplace, especially if it built up a reputation.

 

[Robert Morse]

I only took a quick look at the home page when I first saw it, the general impression was that anyone who felt they had a shot could sign up for free, develop a track record, and get funding if any investor was impressed - a matchmaking service of sorts. They talk about access to trading metrics and so on as an added attraction.

Since they actually limit it to only those who already have a verifiable track record, there must be something in it for them to get heaven knows how many hopefuls signed up.

I'm not going to guess. There are so many startups providing free stuff and don't seem to monetise it, that it's obviously beyond me.

They are not yet registered with FINRA, only NFA. If they raise AUM for a CTA they fee share.

 

[justrading]

They are not yet registered with FINRA, only NFA. If they raise AUM for a CTA they fee share.

I see, thanks.

 

[johnbennett103]

Managing money is a long road. Really hard to raise money unless someone knows you well, and has the cash.

As a prop trader, you have enough to properly fund an account, and many firms don't care about overnight as long as you stay within your capital account. But a lot of leverage overnight is risky, especially with no hedge. I would work on hedging your program with some short positions, and see if you can cut the risk. Then I would approach some prop shops.