Where is the right place seeking funds for trading?
- Thread starter orangelam
- Start date
i respect your experience. i have a very short exp in a small prop firm. there, on one back-test result because hardly can they be tested. initially i am shocked coz i think back test is important. after awhile, i gradually believe it but i explored in a different approach...
what i can tell is, in our earth, there do a certain ppl who trade without back-testing and can earn a lot of money...
thanks for your advice, i will have a look on collective2
If you're really really confident as you said, check https://village.albourne.com/ .
Even some top guns/firms would talk to you.
However, just unsure whether they really want to provide you opportunities, or merely to learn your secret recipe!
Just be careful!
Even some top guns/firms would talk to you.
However, just unsure whether they really want to provide you opportunities, or merely to learn your secret recipe!
Just be careful!
Try www.covestor.com
Question: When you work for prop firm, if you design a very good system, who owns the rights to this system? I assume you sign some type of contract, right? Are all different? These are questions those who want to work this way should ask.
Yea, lot of brokers in old days would front run in their accounts to tail coat better traders and just tag along. Am sure smaller brokers watch to see who is doing well and study at what price they went into trades. I just wonder how hard would it be to program a clients and get same trades in their account? And is that legal?
Yea, lot of brokers in old days would front run in their accounts to tail coat better traders and just tag along. Am sure smaller brokers watch to see who is doing well and study at what price they went into trades. I just wonder how hard would it be to program a clients and get same trades in their account? And is that legal?
I'm going to tell you exactly what someone else did that was in the same shoes as you and he really wanted to be a trader and do such for a living. Thus, it was not a hobby to him and he needed advice.
Its far too early for you to be asking others for capital especially via what you've described about your trading (e.g. 2 months of simulator, needing a minimum of 400k, trading via natural observations).
1) Find a rich relative if you're not willing to live poor and work multiple jobs to save that type of money.
2) Sell everything you have if you have anything worth while to sell.
3) Become a criminal and preferably something that pays well (e.g. bank robbery, embezzlement, bribery of someone that's rich and important that that something illegal, erotic dancing and so on). There's available books online about how to do such properly.
You may think I'm joking about the erotic dancing part that's mentioned above. I knew someone that paid for her entire medical school education and still pocketed 80k after paying off her entire costs of school prior to getting her M.D. at a very expensive school. She's now a Thoracic surgeon (heart, lungs and esophagus).
Yet, if you're not a woman, not good looking, not good at dancing and not good at eye contact...forget the erotic dancing.
4) Meet someone much older than you and very rich. Make them feel special, they fall in love and gives you the money, cars and expensive gifts that you can easily re-sell. Essentially the person becomes your sugar daddy/mama. Lots of people in Hollywood do such via only dating rich/famous people (e.g. Kardashians date only celebrities).
I did mention above that I gave my friend similar like advice. He did 1) and 4)...raised almost 1 million in less than a year.
5) Change your trade method so that you don't need 400k. Instead, you can do it via say 25k. Then you can raise that 25k very fast via any of the above 4 options I gave you and trade it until you make 400k and then you can go back to your other trade method that requires 400k minimum.
Usually, a profitable trader can create another profitable trade method. In fact, its normal for a profitable trader to have more than one trade method.
I believe you are sincere and honest in your efforts. most creators of trading systems and/or algorithms believe that their creation is out of the box but they are actually quite rare.
it is unlikely there are firms that will want to use a system which has a large draw down. draw downs are one of the first questions potential partners will ask about.
Try to avoid that line during the sales pitch
Even a small Real money account, traded for min 1year if not 2years, then you might have a chance, but from demo no chance at all.
Why do you need 400K, what are you trading, I'm going to presume you need that level of capital as it's a martingaling, averaging down, Zero loss system and you figure you need 400K to not get Margin called and therefore account blown ??
No body will back a Martingaling average down system, they look great for ages, then bang all gone!
Why do you need 400K, what are you trading, I'm going to presume you need that level of capital as it's a martingaling, averaging down, Zero loss system and you figure you need 400K to not get Margin called and therefore account blown ??
No body will back a Martingaling average down system, they look great for ages, then bang all gone!
may be trader and his boss. normally other traders don't know. everything is possible. just negotiate. for copying question, i also have this concern but i think it is very difficult for broker to do it. i don't know much indeed...