Attracting investors
First things first.
Make sure you know what you are getting into. Investing other peoples money is advantageous in the fact that it offers no capital risk of your own and plenty of upside (fixed fees, profit splits) but its not that cut and dried. Some people may think its much easier when its someone elses money on the line but you may find that investing/trading other peoples money may affect you adversely (it did with me when I was prop) when you realise that you are responsible to someone else not yourself which can create all kinds of pyschological/emotional issues.
Second to this, depending on your backers you may find you get levels of interference that are not desirable. e.g. What are you in at the moment? What?! You're short the S&P??! It's been going up for weeks?!"
Thirdly and perhaps most importantly there are all sorts of logistical and regulatory nightmares. In the UK, trading for others is highly illegal under a profit share arrangement unless you work under an umbrella company or you have the necessary regulatory certificates to do it. (In the UK it costs £1,500 to submit an application form to the FSA to trade others money and there is no guarantee that you will be accepted as they take experience etc into account... with the application fee being non-refundable for starters...a lot of people probably think they won't get caught...until they produce a 30% drawdown and bear the brunt of some disgruntled investors wrath...first rule of business is (or should be) never trust anyone!
I have been offered as much as £1m backing in total in the last year or so and refuse to accept it for the above reasons, I won't even look at trading a mini account for a family member but based on my experience and knowledge here are your best bets if you are set on the idea and you are legally able to do it...
1. Get a track record. If you are any good and in a position to return money to investors, you should be able to make money for yourself. Start small and build a track record that you can show to people. Your account may be small but its consistency and percentage returns, plus awareness of maximum drawdowns etc that investors look for. In this game, word of mouth quickly spreads. It depends on your circumstances but for smaller traders and even some that have become huge (e.g. the market wizards) investment often started at home. If family see you making money, they may come forward and ask you to manage some for them...this can lead onto close friends who then spread the word to other friends that they are doing well with you etc and you can get an entry in this way.
2. Get a presence in the community. This and the point above are closely related but adding this will boost your chances ten fold. If you look at the entries for Top 100 Traders (Trader Monthly) a large majority come recommended. That is to say, someone has come forward and said "I know a great trader who has produced massive returns..." and then they are assessed and featured. I was once contacted by the Financial Times because of a Dow position I had posted on a thread on here! So, easiest way is to start a thread on a board like this one or FF is good for investment also and show people what you are doing. You can clearly stipulate you are not going to give your edge away but entry and exit points or even screenshots of account statements on a consistent basis will get people pm'ing you often after as little as a few weeks. If you go one step further and become a frequent poster and a helpful one you will get a lot of opportunities and see a lot of doors open that you will literally not believe. With a board like this you not only have scouts from firms, funds etc but you also have "tired" investors that cannot make money and are quick to latch onto someone that can.
Sorry if these are obvious but they really are the easiest ways. Many people have been burnt in life and there is a lot of notoriety surrounding traders (Madoff ponzi scheme all the way down to the sh*t system you buy that doesn't make money etc) so simply posting a message saying "I make X% a week, anyone interested in backing me?" is almost 100% destined to get you nowhere.
The best way to get money thrown at you is to just be yourself and don't ask anyone for it.
Actually, it's a lot like getting a beautiful girl to fall for you: play it cool, do your thing and of utmost importance: act like you don't need it or want it.
Always remember the legal side though. It really is key. If you don't do things properly and you are caught, you can be fined, imprisoned and banned from trading for life. Is the risk worth it? That's something only the individual can answer.
__________________
Trading Price Action: An absolute insult to the amount of time some people have spent studying financial mathematics.
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Last edited by trader_dante; Aug 9, 2009 at 2:25pm.
http://www.trade2win.com/boards/us-stocks/89046-us-stock-picks-4.html
Re: US Stock Picks
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This all seems a bit nooby to me;
What is the purpose of this thread ?
Winning traders aren't interested in other stock picks; and losing traders; aren't going to win trying to follow others.
Cheers.
All i see so far is:
- Some rubbish charts on excel
- Mocking of Technical Analysis
- A short interest graph copy & Pasted from a free website
- A tradestation graph that says 'Come fly with me' ... With no reason attached; therefore leaving me to guess you think the chart looks bearish; making your mocking of TA ironic
? Seriously, ? What are you doing.
Its all so nooby ... Its so ironic that you said 'educational material'. I doubt you have anything educational to say; and i'm starting to see that you have a lot of gloating; but it seems to me its a facade than a fact. In this thread you actually asked someone what the short interest was ? Don't have a regular place to check for that, you obviously don't use it often, so why you bringing it up?
Pretending to act all knowledgeable and i've noticed you've mentioned short interest several times ... But when it comes down to it; you didn't even have an immediate link to check the figures, and when you did it was a free website, and i know its the first one that comes on google from past experience - Really credible dude.
Why don't you cut the crap and we can have some serious discussion about stocks. Seriously; Fresh start, no more nonsense and we can all learn from eachother (maybe).
I REALLY hope i'm wrong; just don't **** these people about and manipulate their trading with 'advice' - if the advice isn't founded in proven success...
Cheers.
__________________
Me = Teh Future of Futures.
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Last edited by GladiatorX; Mar 12, 2010 at 9:10am.
Re: US Stock Picks
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Quote:
Originally Posted by The Expert
NP GX,
The stage is now ALL yours
TE
I don't know why i said ' Lets get some serious discussion going ...'
Because i'm totally uninterested in sharing my analysis, trade ideas and entries on a forum, just as i'm pretty comfortable with how i trade and very confident in what i do; and even less interested in hearing others 'picks'!
Sorry... I'm willing to tell you my view on the market;
Its a bull market don't ye' know.
The point of my previous post was to point out that you were maybe misleading readers; and actually, that can have much worse affects on that user that the 'misleader' has thought about.... And i came to that conclusion from the amount of noobness Vs gloating ratio you display. (no offence seriously)
Cool, but good luck guys!
LTT i can tell your enthusiastic about sharing your thoughts, trades and just interacting with other traders so; i'd be happy for you to join our skype room of Futures/stock traders - We mostly doss around while we aren't trading, talk banter and talk about how gay some members are; but every now and again we have serious discussion. Right now everyone in the room is a winner; but as long as you know your stuff, then we'd love the company even if you aren't rollin' in the dollar right now I personally get pretty quiet at the open but some of the others actively contribute what they're doing.
Sweet.
__________________
Me = Teh Future of Futures.
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Last edited by GladiatorX; Mar 13, 2010 at 11:36am.
Re: US Stock Picks
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Quote:
Originally Posted by The Expert
Mr GX, you are what is called a useless dumb Mr & Mrs Gullible seeker.
Tell you what, send us a link to a live chat + screens, like Paltalk or similar, and we will quickly show the world what you lot really know about trading, and that is very little
I would imagine you lot DOSS around all day, Doh Ohh Shiit Shiittttt
You lot must think everyone are fools, which most are of course
The Expert, aka, TE
I genuinely don't know what your on about.
Rofl.
Were u implying i'm selling something ??? Because that would be brilliant, i'd be one step closer to my vendor badge.
Can you explain why i am a 'gullible seeker' ?
' Hi; come join our skype room were we are going to try to sell you our EMA crossover system '
Haha, thats me isn't it lads! rofl
As for posting a video of trading; I'm literally doing that at the moment for a friend who is in the skype room...
Then i can sell him my EMA system hopefully.
__________________
Me = Teh Future of Futures.
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Last edited by GladiatorX; Today at 9:17am.
DionysusToast
Veteran Member
Life can be easy when you pick your battles.
__________________
The promise of a high return has a funny way of clouding perception.
80% of retail traders use technical analysis. 95% of retail traders fail.
elitejets
Veteran Member
Re: How To Trade: Full Stop
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C'mon guys,
We are not still reading this thread cos we're hoping to learn something here, surely?
Here is a guy who won't even name the title of a book to study (in case "the generals" read this thread ffs) and who attacks members like MrC who have contributed so much to this forum.
Really this thread is a joke.
__________________
"Give a man a fish, lose a fish. Teach a man to fish, lose your monopoly in fishing."
Mr Flibble
Senior Member
Re: How To Trade: Full Stop
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Heres the deal TE it would be great if you used your analytical approach to life however I doubt this very much. You know little about me and if you did you'd certainly not suggest for one moment that I am similar to the populace. Far from it I am very different and have never just been another sheep following the flock. Trading is a tiny part of life and money is not important. What is important is to have the social skills to interact with your fellow mankind in an affable way and build your family to be upright people. Your friends too are very important people.
Maybe your attitude is such because you assume your intellect is far greater than the populace as you call it. I never assume such things as I have humility and don't push an argument when I know I'm wrong.
Mr charts is a giver and I try to give to. Whatever my limits I do feel the need to keep giving to help my brothers in trading. I do so to help and that is my only intention. You don't give you just take and constantly require people to express how great your intellect is.
Your arrogance will lead to your ultimate downfall and will not make you a happy person. Perhaps in your life you are a big man amongst your community. I have seen those communities in my travels and it is a class system as such. If you were to come to my country with that attitude you would be treated like the ignoramous you almost certainly are.
You will not be judged on the contents of your wallet but by your actions in this world. Address that first then come back here and give with good intentions.
Goodnight.
Mr Flibble
Senior Member
Re: How To Trade: Full Stop
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I spent a huge chunk of last night reading through every post on here. I'm not the sharpest tool in the box and it gave me a bit of a headache to be honest. In my youth I would have suggested that this chap was an attention starved freak with a serious case of middle child syndrom. DT what you have to understand is that people in Britain really hate the flash harry type. The type who boastfully calls himself an expert. If he knew the culture in which his posts were aimed at he may have toned it down. The fact that he isn't aware of the fact above leads me to believe that he is less sharp than even me.
Its quite easy for anyone to leave cryptic clues and its a LOT harder for others to solve them. Now the best of mankind could sum up anything in 2 sentences or less and anyone could understand him. I like that person a whole lot more than TE.
I'm very much impressed with your intellect DT and another poster. Can you rise to the challenge and explain what this chap was getting at in 2 sentences or less>?
The Expert
Senior Member
Re: How To Trade: Full Stop
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Quote:
Originally Posted by Mr Flibble
I spent a huge chunk of last night reading through every post on here. I'm not the sharpest tool in the box and it gave me a bit of a headache to be honest. In my youth I would have suggested that this chap was an attention starved freak with a serious case of middle child syndrom. DT what you have to understand is that people in Britain really hate the flash harry type. The type who boastfully calls himself an expert. If he knew the culture in which his posts were aimed at he may have toned it down. The fact that he isn't aware of the fact above leads me to believe that he is less sharp than even me.
Its quite easy for anyone to leave cryptic clues and its a LOT harder for others to solve them. Now the best of mankind could sum up anything in 2 sentences or less and anyone could understand him. I like that person a whole lot more than TE.
I'm very much impressed with your intellect DT and another poster. Can you rise to the challenge and explain what this chap was getting at in 2 sentences or less>?
Mr F, you my good Sir, are one backwards individual, much like the rest of the populous
DT will not sum up anything for you and your useless lazy brain, as he is indeed no fool.
Now to deal with the others
Mister CV, the one who knows everything about nothing, and one of the best mods on t2w
T333 seems OK and somewhat genuine.
Split, well the name does say it all
Trendie, again I see some potential here, but he must work on it.
Mr C, well, lets just say it is like pulling teeth
If all above ask me nicely, I might pick up where I left off, and who knows, maybe another 1 will get some valuable information about trading.
The Expert, aka, TE
Tuesday, March 16, 2010
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