which way to turn...

[ironchef]

As someone who traded real money, had a decent track record with decent account size and tried to raise AUM I can tell you unless you have the pedigree(read you came out of MIT with perfect GPA or Harvard grad with family connections), your not raising anything with an idea. I fully back garachen's posts

jj90,

No offense, if you are successful with decent account size, why not continue, instead of tried to raise AUM? Perhaps mere millionaires and billionaires have different mindsets and objectives?

 

[ironchef]

I thought about doing that but I really can't think of a way in that has much better odds than winning the lottery.

First step would be to ditch the "I have a strategy" approach. Maybe he does, maybe he doesn't but it's off putting. An analogy would be the drug industry. If you live in a western country, drugs are developed by drug companies and others with access to research and testing facilities. They aren't developed by outsiders who are self educated who have concocted something in a high school lab. It doesn't matter how smart the person is or even if the drug actually works. It's just going to smell fishy.

Alternatively, it's really difficult to get into even an entry level job. @cjbuckley4 has talked about this. A friend of mine who runs another mid sized firm told me he gets over 1000 applications for 3 unpaid internships every year. Odds of making that cut while living in Eastern Europe are super low.

So that pretty much leaves marketing to unsophisticated people. Maybe the athlete thing isn't such a bad idea. But his post didn't really convey that he has the swagger and connections to pull that off.

I guess I just don't see a path forward. Hard for me to say that because I'm generally optimistic in these situations.

I hope OP learn something from your posts.

Regards,

 

[jj90]

jj90,

No offense, if you are successful with decent account size, why not continue, instead of tried to raise AUM? Perhaps mere millionaires and billionaires have different mindsets and objectives?

I did. Takes me maybe 30 mins per day depending on market conditions to look over the portfolio. Suits me better where I am in life anyways.

 

[Van_der_Voort_4]

Van_der_Voort_4

To each his own. For me I am very happy as a retail trader trading alone at home with all the flexibilities in the world.

Good luck to you.

I would,but there is issue.I need to trade a little bit of size in order to make it hard to decipher.Complicate things,make it confusing.Because when account grows i am sure there will be eyes taking a close look why does this happen.
Happy and healthy New Year!

 

[Van_der_Voort_4]

I thought about doing that but I really can't think of a way in that has much better odds than winning the lottery.

First step would be to ditch the "I have a strategy" approach. Maybe he does, maybe he doesn't but it's off putting. An analogy would be the drug industry. If you live in a western country, drugs are developed by drug companies and others with access to research and testing facilities. They aren't developed by outsiders who are self educated who have concocted something in a high school lab. It doesn't matter how smart the person is or even if the drug actually works. It's just going to smell fishy.

Alternatively, it's really difficult to get into even an entry level job. @cjbuckley4 has talked about this. A friend of mine who runs another mid sized firm told me he gets over 1000 applications for 3 unpaid internships every year. Odds of making that cut while living in Eastern Europe are super low.

So that pretty much leaves marketing to unsophisticated people. Maybe the athlete thing isn't such a bad idea. But his post didn't really convey that he has the swagger and connections to pull that off.

I guess I just don't see a path forward. Hard for me to say that because I'm generally optimistic in these situations.

Thank you for taking time to reply.You give me not only professional view but also what professional would answer to me,simply send me on a way home.
I could trade in prop shop in London,i know people who would give me this opportunity,i am not going to take their offer.I like to be like Don King you know promote myself to the top,strategy is there.I do tests every day,slowly.To sum it up more profit than losses.I have 16 years of data to base my tests on and i pick spots randomly and than calculate the signal from there.It ranges from 70 to 105 signals a month,stop loss is hit about 23-34 % of the time.What i really like is consistency.This is why i have confidence about giving back the profit at the end of each year.That in itself is a thing hard to match.I be playing safe here and say if this all works.

Happy and healthy New Year!

 

[Van_der_Voort_4]

As someone who traded real money, had a decent track record with decent account size and tried to raise AUM I can tell you unless you have the pedigree(read you came out of MIT with perfect GPA or Harvard grad with family connections), your not raising anything with an idea. I fully back garachen's posts

This is why i got interest in this field of trading.Way back in mid to late 90s i met few of those guys and they did not impress me.Yes they were intelligent,but my thought was they don't add value,must be often wrong just like everybody else.Seriously this is why i got interest in this,i started reading all the books i could find.I thought half of it was just a show off,i was not impressed i said to myself i could learn this "game".But i tell you the truth it was very very hard,if i had to do it again i might not want to.I was in period when one's learning is the most productive and at the same time think logically on your own.After all i still think it was my personality getting interested when nobody wants and doing things differently that made most impact.I remember those meetings like yesterday,because you know before i though they were all like super humans.
Happy and healthy New Year !
PS.I don't want to sound too cocky,it was all because the subject is randomness,it is like an even playing field.In every other profession i would not have this line of thoughts.Randomness equally humbles everyone.

 

[jj90]

@Van_der_Voort_4 : I fully support your enthusiasm. I'm just letting you know the reality of the situation.

 

[algofy]

How about some spaces in between your sentances????

 

[Van_der_Voort_4]

@Van_der_Voort_4 : I fully support your enthusiasm. I'm just letting you know the reality of the situation.

Point taken.I like criticism,must prepare much better.Planning to talk to business people who have little to do with trading,Angel Investors and such.

 

[Van_der_Voort_4]

My knowledge is of the US and some British shops. Eastern Europe might be a little different but it's hard to really change the economics.

If you could elaborate more,which British Shops you have in mind?
You can answer in private thread if you want.I heard of Dsquare.
Thank you in advance.

Personally I have far more respect for Americans as I lived previously in USA and like the mindset.Also if Americans make money they let others make money,Europeans will look for first opportunity to steal IP and want all for themselves.
Sometimes i catch myself thinking every year I spend in USA was a privilege.
That's all in the past more or less.