Would you fund a trader to help him out?

Quote from EquityGuy4321:

What you lack is leverage. By leverage, I don't mean financial leverage. You have no track record, no reputation...nothing. For someone to back you will take a rather large leap of faith.

Due to these circumstances you will invariably get a "bad" deal at first. The deal will be bad because your financial backer will want to get compensated for the risk they are taking. Be aware that EVERYONE who starts off in this business (even with an ivy league degree at a great shop) gets a "bad" deal (how "bad" is all relative, of course).

For example, when I started out at a major bank years ago there was a relatively new young hire who had the good fortune to run a book that made many millions of dollars that year. Of course, the bank rationalized that it was the seat, not the trader, that earned the money so they paid him only slightly more than what they paid all the other guys at his level (who, if they had their own books, were much less profitable). He got a "bad" deal. He left the bank in a huff after that and never again made the same amount of money running a book AFAIK, so there you go.

Now, once you prove under a "bad" deal that you can make money consistently then you can easily leverage yourself into a better deal. If you can't make money, it doesn't matter.

So, in short, most times for a guy starting out a "bad" deal is better than no deal at all.
More...

I agree with you regarding everything you have said except I dont believe in bad deals! :D The deal will be what its supposed to be. Thanks for the words, good comparison...
 
You act as though you're doing us a favor by showing some live calls. 6 pages on this thread and you're noncommittal on posting the trades?

When I turned 16 I asked my parents to buy me a Toyota 4x4, with the proviso that I would find a part-time job to pay for the insurance. I never got the part-time job.

Anyone sending you PMs at this stage aren't worth a reply, unless they're recommending a prop-shop. You haven't shown anything other than your word that you're an earnest individual.

A bit surprised you can't figure out how to set-up a poll.
 
Quote from TraderZz:

I am aware there are people that are skeptical of certain claims here. I guess it could be down to 12,000 hours allowing for a 100% confidence interval. Yes, I am very dedicated towards my purpose.

I know I came in this thread offering "nothing" to most people and asking for "something" back and thus, I will have to prove myself if I am to receive that something.

As of yet, I am not soliciting anyone for funds directly I have simply proposed a question that if I were to thoroughly prove my skills, would there be interest?

I thank everyone once again for viewing my post as legitimate, but I do not yet plan on starting to post live calls or on taking any money. If I had a live trading record I would not have the need for funds.

The facts are here presented as accurately as I could.

To be clear, I am weighing all the opportunities I have. I know the money will come to me when it is time.
More...

Dude, I asked you a simple question and you can't answer it. If you can't figure out why you feel you have a profitable daytrading strategy, then you need to take a step back. Backtested results & papertrading are not reasons enough. They may be a start, but the real test comes when you put real money to work.

Save up a few grand and launch the strategy on your own to collect live results. If you can't manage to do that, then don't expect anyone to fund you.
 
Risk has a personal component attached to it. Mutual funds/etc have spent a lot of money to make regular people feel less risk than they would if they were giving their money to someone else to manage it. I believe it is the reason why one would not get funding even if one were to make 100% per year, when the same funds would go to a mutual fund that would make less than the market average.

So risk is much more important than return in people's mind--- except when they trade their money and somehow things are reversed.

If someone on this forum believes that s/he can fund a trading account contingent on a record of hypothetical real-time trades on this forum, make yourself known. The trading should be independent with conditions on draw down limit of course, and fund management which should stay in hand of funder.

My guess is that there is only a handful of people, and that they would likely not respond. It is my opinion that those who would fund such account from this forum are only those who are already very successful traders.
 
Quote from Jt mcmasters:

The investor would have 6k at risk with unlimited upside and a sweet little tax deduction should the "partnership" blow out. There is such a thing as beginners luck. How else to access that edge? Not to mention the small potential this guy is the next Tudor. You can't win if you don't play. Talent appears under strange guise at times.
More...
That's fine. When will you be funding the OP?
 
OP,


The short answer is no


The longer is save up the money – and while saving learn discipline (it takes discipline to save and trade) then maybe your next account does not go poof like the last two


Not busting on you – but right now you have a hope and a prayer – and neither will make money trading…

http://www.elitetrader.com/vb/showthread.php?s=&threadid=203026



eta JT you fund him good luck (although admittedly luck is something I don’t believe in)


RN
 
Quote from tradingjournals:

Mutual funds/etc have spent a lot of money to make regular people feel less risk than they would if they were giving their money to someone else to manage it. I believe it is the reason why one would not get funding even if one were to make 100% per year, when the same funds would go to a mutual fund that would make less than the market average.
More...

And what about Jim Simon`s fund at the beginig?People have made a whole lot greater then 100%
 
Quote from Anaconda:

Dude, I asked you a simple question and you can't answer it. If you can't figure out why you feel you have a profitable daytrading strategy, then you need to take a step back. Backtested results & papertrading are not reasons enough. They may be a start, but the real test comes when you put real money to work.

Save up a few grand and launch the strategy on your own to collect live results. If you can't manage to do that, then don't expect anyone to fund you.
More...

I agree with these comments here...and I strongly, strongly recommend against not taking on family/friends money...I've traded personal money and other accounts and it will affect you. I'd like to see some kind of results too, just for curiosity because I have a tough time with your claim of 12000 hours....i'm probably around 13/14k, 30 yrs old and have been trading for 7 yrs.

Try to understand these are not personal attacks, we just want to get all the information too give you the best possible advice.
 
this entire thread is probably going to turn out to be either a scam, joke, seriously deluded OP or disaster for a gullible person who does not like their money.

The OP claims "easily 16,000" hours at age 22. The OP is unknown. The OP has no verifiable longterm, outperforming with good metrics track record. We get constant threads somewhat similar to this. It is more likely to be a Happy Backtest. So who, that does not like their money is planning to front $15K plus to this venture?

I would not want to be this person's family/friend who buys into this scheme.

95%+ of traders appear to lose their money. This setup smells more like 100% loss...
 
You must log in or register to reply here.
Back
Top