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My way to highway

  • #201
  • Oct 4, 2017 2:20am Oct 4, 2017 2:20am
Quoting Ralffe
{quote} That's good.. Check all the fine print.!!!!
actually i like to see what others think about this offer.
i will certainly share my take on it too.
Attached Image (click to enlarge)
Click to Enlarge Name: proposal.png Size: 36 KB
there is always, always another trade!!
  • #202
  • Oct 4, 2017 2:21am Oct 4, 2017 2:21am
Quoting profitfarmer
{quote} a private deal. not direct relate to any prop firm.
The Max' DD is sus'
Conventional trading is for losers
  • #203
  • Oct 4, 2017 2:27am Oct 4, 2017 2:27am
Quoting Ralffe
{quote} The Max' DD is sus'
on a 20k account, to grow rapidly...very much so.
to not grow rapidly, to get to 1 million will take a decade at least.
to start with 1 million, it would be fine.
the sliding scale of the fees on the opposite way one expect, the more you make, the less they offer...strange, isnt that?
the quarterly delay of fee payment is bad for trader's own cash flow, and suggest very little trust. unless there is a standing management fee for bottom line, and there isnt.
as said with such max DD, how much one can likely, and most importantly consistently produce in return month after month? and mind, my TE is all about consistency, and still dont believe this is feasible proposal to pull off.
there is always, always another trade!!
  • #204
  • Oct 4, 2017 2:27am Oct 4, 2017 2:27am
Quoting profitfarmer
got this proposal today... thought to share, because i cant decide it is a joke or not. ( the 0.5x risk refer to my 10% equity drawdown cut). feel free to comment your thoughts {image}
But as a sign of good faith you have to wire 1000 USD first to their account in Nigeria.......

Sometimes if it looks too good good to be true...

If ever I was to be involved with a company or group offering something like that, I would first meet with them and visit their offices and have a lawyer go through the contracts. And I am sure they would want to meet you and make sure they have back ground checks done on who you are and where you live.
But 3 accounts of 20k seem very small for a big investment group right ?
I would say alot of part time traders on here operate with more than that, even I am not far off that.
  • #205
  • Oct 4, 2017 2:33am Oct 4, 2017 2:33am
Quoting profitfarmer
got this proposal today... thought to share, because i cant decide it is a joke or not. ( the 0.5x risk refer to my 10% equity drawdown cut). feel free to comment your thoughts {image}
What could go wrong? not get paid, this is it!
There are a lot of billionaires out there looking for great traders ... the 60k capital is nothing for them, find a few hundred of great traders to limit the risk, and here is the business.

A business could be build upon other business. I.e. I give you 10k or... account, 50%-80% share, trade smart and don't lose my money and I will do the marketing to attract investors.

The main question is where you want to go? Commercial? Do you care if your boss makes 1k% more than you?
  • #206
  • Oct 4, 2017 2:35am Oct 4, 2017 2:35am
Quoting NoStopsXXL
{quote} But as a sign of good faith you have to wire 1000 USD first to their account in Nigeria....... Sometimes if it looks too good good to be true... If ever I was to be involved with a company or group offering something like that, I would first meet with them and visit their offices and have a lawyer go through the contracts. And I am sure they would want to meet you and make sure they have back ground checks done on who you are and where you live. But 3 accounts of 20k seem very small for a big investment group right ? I would say alot of...
joke aside about Nigerians, LOL
it comes from a source (USA) who supposed to connect traders with investors, and did arrange some fundings for me already, in tune of 100k+ ( but surely late to pay up on agreed fees)...
agree on that, the 3x 20k account is small, and with the big restriction on drawdown it is unlikely to generate a meaningful fee, based on a realistic growth rate ( say 3-4% a month maybe, ideally)
of course lots of part time has that much or more, the question is what they achieve with it. ( to disclose for sake of facts, i also trade more than 20k+ of my own funds).
there is always, always another trade!!
  • #207
  • Oct 4, 2017 2:37am Oct 4, 2017 2:37am
Quoting NoStopsXXL
{quote} But as a sign of good faith you have to wire 1000 USD first to their account in Nigeria....... Sometimes if it looks too good good to be true... If ever I was to be involved with a company or group offering something like that, I would first meet with them and visit their offices and have a lawyer go through the contracts. And I am sure they would want to meet you and make sure they have back ground checks done on who you are and where you live. But 3 accounts of 20k seem very small for a big investment group right ? I would say alot of...
Nigeria.!!!! Ahhh fuck "Run"
Conventional trading is for losers
  • #208
  • Oct 4, 2017 2:39am Oct 4, 2017 2:39am
Quoting aa4fx
{quote} What could go wrong? not get paid, this is it! There are a lot of billionaires out there looking for great traders ... the 60k capital is nothing for them, find a few hundred of great traders to limit the risk, and here is the business. A business could be build upon other business. I.e. I give you 10k or... account, 50%-80% share, trade smart and don't lose my money and I will do the marketing to attract investors. The main question is where you want to go? Commercial? Do you care if your boss makes 1k% more than you?
sure, agree, there is many whom 20k is small drop. dont even have to be a billionaire.
i am not commercial on the FF.com in any form, it is my passtime to wrie here.
the particular proposal wont leave you with 50-80% share, nor will give you much leeway to move, due the low max DD% allowance.
i dont care what someone else's make, as long as i make something meaningful to myself on a deal.
there is always, always another trade!!
  • #209
  • Oct 4, 2017 2:40am Oct 4, 2017 2:40am
Quoting Ralffe
{quote} Nigeria.!!!! Ahhh fuck "Run"
pls stay on topic

there is no Nigeria, and I wasnt asked to send money!
read on...
there is always, always another trade!!
  • #210
  • Oct 4, 2017 2:42am Oct 4, 2017 2:42am
Quoting profitfarmer
{quote} actually i like to see what others think about this offer. i will certainly share my take on it too. {image}
The only safe way I see this could be done IF the offer is serious is thru PAMM account. Otherwise you will go thru way too much trouble for possible peanuts or even nothing. PAMM account would be your protection in this case because you could deposit and withdraw your own funds as you would wish and if the guy joins you will at least have guarantied comission because the broker does this automaticaly.


Edit:
The source cannot possibly come from USA, the english in this PM is too lousy for something like that imho.
PVSRA
  • #211
  • Oct 4, 2017 2:43am Oct 4, 2017 2:43am
Quoting profitfarmer
{quote} pls stay on topic there is no Nigeria, and I wasnt asked to send money! read on...
OK wondered where that info came from. would love to see the fine print though.
Conventional trading is for losers
  • #212
  • Oct 4, 2017 2:47am Oct 4, 2017 2:47am
Quoting Ralffe
{quote} OK wondered where that info came from. would love to see the fine print though.
no finer prints. i got this from skype ( as screenshot shows).
explained the source a few posts above, so, assume not a joke ( even if for me feels not-serious.)
there is always, always another trade!!
  • #213
  • Oct 4, 2017 2:50am Oct 4, 2017 2:50am
Quoting Fisher755
{quote} The only safe way I see this could be done IF the offer is serious is thru PAMM account. Otherwise you will go thru way too much trouble for possible peanuts or even nothing. PAMM account would be your protection in this case because you could deposit and withdraw your own funds as you would wish and if the guy joins you will at least have guarantied comission because the broker does this automaticaly. Edit: The source cannot possibly come from USA, the english in this PM is too lousy for something like that imho.
yes, PAMM could be a solution, but probably the proposal supposed to run thru their existing brokers.
the sourse, trust me, is USA. grammer or composition, doesnt change that.
it is skype chat, so, not a full proposition mail, with intro, and such, as i have some other ongoing deals with same guy who is a middle-man between traders and investors.
there is always, always another trade!!
  • #214
  • Oct 4, 2017 2:59am Oct 4, 2017 2:59am
Quoting profitfarmer
{quote} yes, PAMM could be a solution, but probably the proposal supposed to run thru their existing brokers. the sourse, trust me, is USA. grammer or composition, doesnt change that. it is skype chat, so, not a full proposition mail, with intro, and such, as i have some other ongoing deals with same guy who is a middle-man between traders and investors.
There other better and challenging ways to get capital to trade - one of them is darwinex, you should know about it ... the darwinia competition.
  • #215
  • Oct 4, 2017 2:59am Oct 4, 2017 2:59am
Quoting profitfarmer
{quote} yes, PAMM could be a solution, but probably the proposal supposed to run thru their existing brokers. the sourse, trust me, is USA. grammer or composition, doesnt change that. it is skype chat, so, not a full proposition mail, with intro, and such, as i have some other ongoing deals with same guy who is a middle-man between traders and investors.
I personally really hate such offers where original accounts are at other brokers. Firstly because I would have to toss all the benefits at my existing broker ( if not then pay fee for a copier) and second because the bastards promise heaven and in reality they most likely just use your trading as SELLING SIGNALS!!!!!! And so gaining customers plus earn on the side from your trading ( not to mention possible trouble with payouts). Beside this- 90% of brokers are scamers and manipulate price and the trading costs are questionable. So if I were you I would say- PAMM- take it or leave it. Any other option is too much trouble and /or questionable.

In any case you are in no hurry. Sleep over many times and when the time is right the decision will come too.
PVSRA
  • #216
  • Oct 4, 2017 3:09am Oct 4, 2017 3:09am
Quoting aa4fx
{quote} There other better and challenging ways to get capital to trade - one of them is darwinex, you should know about it ... the darwinia competition.
thanks, that is a real chance, i was already looking into.
there is always, always another trade!!
  • #217
  • Oct 4, 2017 3:15am Oct 4, 2017 3:15am
Quoting Fisher755
{quote} I personally really hate such offers where original accounts are at other brokers. Firstly because I would have to toss all the benefits at my existing broker ( if not then pay fee for a copier) and second because the bastards promise heaven and in reality they most likely just use your trading as SELLING SIGNALS!!!!!! And so gaining customers plus earn on the side from your trading ( not to mention possible trouble with payouts). Beside this- 90% of brokers are scamers and manipulate price and the trading costs are questionable. So if I...
good advises, and in line with my thoughts too.
i am aware that while many scam traders exist, there is also many way to scam actual traders who profitable.
i am also not too keen to work with brokers i dont have first hand experience, or those i am not wanting to try for other various reasons.
promising heaven and not following thru indeed a big possibility, and most frustrating when you do your side of deal to the letter, and not violate anything.

However i am not 100% sure a PAMM account will completely solve problems, as long as someone has an investor password, MT4 technically let you copy trades. Silly as it is, but that is the inconvenient truth.
there is always, always another trade!!
  • #218
  • Oct 4, 2017 7:35am Oct 4, 2017 7:35am
The offer to me is pretty good apart from the DD limit but it definitely suits your trading style. 10% DD should not be bad.
To achieve this requires a lot of effort from the trade.
The payout is cool with me
Can you comfortably say you will be paid at when due?
  • #219
  • Oct 4, 2017 8:50am Oct 4, 2017 8:50am
Quoting loadedjoel
The offer to me is pretty good apart from the DD limit but it definitely suits your trading style. 10% DD should not be bad. To achieve this requires a lot of effort from the trade. The payout is cool with me Can you comfortably say you will be paid at when due?
no joel, i cant say comfortably.
60k to go into that hassle, just not make it worthwhile.
because returns will be limited to lower 1 digit due the DD limitation.
not seeing any incentive/fee for 3 month isnt motivating neither. nor the decreasing fee structure,,, the more you make, the less share of it you get.

it is a deal i will pass on.
there is always, always another trade!!
  • #220
  • Oct 4, 2017 9:23am Oct 4, 2017 9:23am
Quoting profitfarmer
{quote} no Joel, I cant say comfortably. 60k to go into that hassle, just not make it worthwhile. because returns will be limited to lower 1 digit due to the DD limitation. not seeing any incentive/fee for 3 months isn't motivating either. nor the decreasing fee structure, the more you make, the less share of it you get. it is a deal I will pass on.

I would have asked you to negotiate better terms but unfortunately, you are not sure of getting paid
so jump and pass.
you are good at what you do. the right offer will definitely come.
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