Where is the right place seeking funds for trading?

zdreg said:
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.
More...

thanks. i think i calculated the sharp ratio wrongly... for my trading, the max open trade loss is around USD 10k. max daily loss is USD 7500, max daily profit is USD 15000. For these two figures (max loss and profit daily), actually not lost that much and not earn that much in the day. just a technical issue and need to redistribute some profit/loss. is hard to explain here.
i do think my downside is small. for total capital needed, i am not sure actually (need to consult brokers for the margin issue) but do close to the amount mentioned.
 
Turveyd said:
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!
More...

400k may not be the exact figure, but should be close to. this large amount of capital is not for avoiding margin call. if it is, then my trading is very very very risky. on the contrary, it is very safe, max downside is small, open trade loss is also small...

just assign capital carefully and set a strict stop loss, i think Martingaling average down system won't bang
 
orangelam,

Considering you mention you need 400k or something near that...can I assume you're currently not doing any real money trades via any other trade method ?

That kind of money will surely require you to show you're serious. Simply, what have you been doing so far to raise any kind of money (e.g. you got an additional job) ?

Do you plan of starting a blog (don't do it here at ET...too much arguing) to show your trading results that contains daily performance records from your simulator that may attract the interest of someone in the world ?
 
wrbtrader said:
orangelam,

Considering you mention you need 400k or something near that...can I assume you're currently not doing any real money trades via any other trade method ?

That kind of money will surely require you to show you're serious. Simply, what have you been doing so far to raise any kind of money (e.g. you got an additional job) ?

Do you plan of starting a blog (don't do it here at ET...too much arguing) to show your trading results that contains daily performance records from your simulator that may attract the interest of someone in the world ?
More...

yes, only simulator. i think i much overstated the 400k, because there is no margin information in simulator and i know from someone that the margin i need to pay is not that i imagined, which depends on broker.

your idea is very good. what blog i should use and how can i ask investors to look at my blog?
i am afraid after making the blog, no one come and only read by myself...
by the way, is this method useful?
 
orangelam said:
I know traditional prop firm won't be interested coz they will ask me to follow many rules...
More...


Anyone investing in your abilities and discipline, prop firm or not, will ask you to follow many rules, to protect their capital.

More to the point, you should want to follow many rules. The rules you set for yourself, and your ability to keep to them, are ultimately what will determine your long-term success, whatever funding-source you manage to find.

In your position, I would have a good, careful, analytical look through all the rules set by TopStepTrader for their "Combines" and see whether you can comply with them. That's probably the quickest, easiest way of producing trading capital, and if you're unable to pass one of their Combines and get a funded account that way, then it's extremely unlikely that you'll find funding elsewhere.
 
orangelam said:
thanks. i think i calculated the sharp ratio wrongly.
More...

For the love of all things holy. 15-20% a month expected returns, calculated wrong Sharpe ratio, 2 month track record, simulated performance? How is this thread longer than 1 response?

People, please don't underestimate the power of public ridicule. Sometimes you just have to call a spade a spade.

Mr Orangelam, I'm sure you're a very nice guy and will have a bright future in some non trading related field, but please consider how far behind you are right out of the gates. You just have way way too much ground to make up just to get yourself to the starting line.

Some pursuits in life just aren't worth it. For you, trading is one of them. As certain as I am that I'll never play in the NBA, I'm that sure you'll never find investors to give you a penny. Good luck in life sir :)
 
You must log in or register to reply here.
Back
Top