Very tough. You would be better off simply visiting a hedge fund in person, that is if you can, and offer to show your trades by trading live.
Speaking of which, why don't you do that here? Create a thread and post your trades in real time. If you're good as you say, who knows, there just might be a prospective clientele.
Ty for the reply. Unfortunately, they cater for MT5 trading on forex and some CFD equity indexes and major stocks. I require other futures, than what they provide for
< If you're using a mathematical and skill approach, it's fairly high probability that what you're doing should work on nearly every tradable asset including futures. >.
I can't come close to agreeing with that. Obviously, different instruments have unique characteristics and yet their trading may still be mathematically and skill based
< The glorified scam thing is really only true if you can't intra-day trade at a high level.
No, I don't primarily trade intra-day (I do sometimes) and no that shouldn't be a requirement
< So, how is it truly a scam if they pay out? >
High Spreads
Limited instruments
Implausible conditions that are beyond the performance of even successful hedgefunds
intolerance to occasional drawdown that's consistent with an OK r/r operation
< If you think the drawdown is an issue the a solution could be you could copy trade multiple accounts and just use 1 micro on each. That way you can trade more size, while still having plenty of room to let your edge play out. >
Interesting solution! But it'd require a large capital trade relative to gain
You're obviously are not managing money for a living. It's fucking hard. You have risk limits to deal with, you have a restrictive mandate, you can't just sit things out if you don't like the market. It's a massive responsibility, you can't just wing it like you do trading PA.
I've been trading for banks and hedge funds for two decades and, supposedly, done it well. What I've learned is that managing money is like climbing a mountain. It'll take longer than you think, it'll take more work than you think. You're almost certain to fail and many smart people do. But if by some miracle you do succeed, you'll discover that it's not worth it.
Genuinely don't understand why you purposely trading a time that you know has less liquidity and think that's a valid counter point, even if it wasn't your main one(particularly since you're stating it's not a niche). That makes no sense to me, but maybe that's just my opinion.
As far as your first or main point I don't get it either. 100k trades? 100k shares of AAPL is $18 million dollars. Do you just mean position sizes worth 100,000 grand?
Maybe I am slow today, but I am not completely following. If you're getting and needing such precise entries, than why not just do quicker trades and move to ES Futures or SPY ETF? Yet my understanding is you're holding overnight sometimes and for bigger moves. Your strategy can't afford to get filled a little higher?
Expand the message I replied in bold inside the quote.
Missed this response. Fair enough. The market is expansive enough and there's enough ways to trade that I can't say beyond a shadow of a doubt that I am correct.
I'll just say what I do works on any instrument, future or time frame. Sure different things have their tendencies, but that is related to experience. Which to me is a part of context. Trading without experience and context, to me is a niche. Because without understanding context if it changes and you're doing a set strategy either A) It won't work and you'll lose or B) Even if you know not to trade during certain conditions, what if those conditions last for months or a year? it still means you won't be making anything.
Have you tried tweaking parameters and testing on other instruments?< I'll just say what I do works on any instrument, future or time frame. >
I find that amazing. Almost magical thinking, like a universal formula. I marvel at how different traders' views can be.
< Trading without experience and context, to me is a niche >
I don't agree, I think the experience and context related exclusively to a particular defines "niche" - Surely, it does.
Not just in trading but many things e.g.
Like a diesel mechanic with experience and context in a particular area of Bobcat gearboxes.
Have you tried tweaking parameters and testing on other instruments?
< So, how is it truly a scam if they pay out? >
High Spreads
Limited instruments
Implausible conditions that are beyond the performance of even successful hedgefunds
intolerance to occasional drawdown that's consistent with an OK r/r operation
I don't personally find any of the rules for any prop firm that difficult. I do find it difficult to produce a livable income off of them
< I'll just say what I do works on any instrument, future or time frame. >
I find that amazing. Almost magical thinking, like a universal formula. I marvel at how different traders' views can be.
< Trading without experience and context, to me is a niche >
I don't agree, I think the experience and context related exclusively to a particular defines "niche" - Surely, it does.
Not just in trading but many things e.g.
Like a diesel mechanic with experience and context in a particular area of Bobcat gearboxes.
I saw when I wrote that, that I left it open for that response. I will try to phrase things in a more direct manner here. Because technically yes I can see how you can view what I said that way.
If what you're doing is not a niche and will work in virtually any environment as well, than I don't understand why it's so incredulous to you, to think that it might work for other vehicles as well. If you're saying it doesn't work in any environment and only for certain products, than to me personally I would consider that a niche.
There's not a difference in views here and there's nothing magical about it. There is definitely a universal formula(Math+psychological+understanding how the market operates), particularly for liquid instruments that have a lot of interest from large parties.
Here's just one example and piece of the puzzle of how it's universal, that I am sure most people are already aware of:
No large participate is just slamming down on a buy or sell button, they would price themselves out. So we know their goal is to get a net weighted average position regardless if that's a long or short position. In order to get filled they are going to apply their capital in a way to entice and bully other traders(be that retail other large participates or etc) in a position and than upon forcing them out, will help create the liquidity they need to build that net weighted average. This is just one example and one piece of the puzzle that yes is universal and nothing surprising or magical about it.
It doesn't even matter. If what you're doing works consistently than of course keep doing it. Just as confounded as you are about my comments, that's how confounded I am about yours because there certainly is a universal formula and if you're not using it and it still works consistently in all market environments, that's really impressive to me. Even than I would classify that still as a niche, simply because it only works on certain instruments, which means you found some imbalance in that particular instrument and you're taking advantage of it.
Don't want to play semantics, which it's possible at this point we both might be doing by accident. I want to end the conversation if we can. We can even say you're right and I am wrong. But wanted to explain this last part as to why I think the way I do.