I am in search of a Managent Account

I haven't found anything in the forum concerning managed accounts. I will keep looking, since I may have missed it. I do not think that I have time to make 4x trading a profession or obcession of excellence, so my theory is too leverage the talents of others. Can you reccommend any managed account traders that I could invest with.

Any help would be appreciated.


Thanks

TR

Hi TR,
As you know, I got your PM, and I'm glad to see you posted as I suggested. As you know, I have no answer for you, but perhaps someone else can help you out.

NOTE TO POTENTIAL REPLIERS: If you have fewer than 50 posts, please PM texasranger with your reply, otherwise, just post your recommendation here.

Thanks

Dial

Hey Ranger,

I manage Accounts but the Bad News is, only for two more days.
I think my clients are more than happy where they are at as opposed to where they were but that is not the point. It's time for me to become Individually Independent.

The Point is... you will get replies to this request and then have to decide which {if any} are you going to throw your hat in with..

Points I feel should be Major in your Descision Critera should include...

Chemistry: between you and the Manager. {Gut Feelings, right or wrong will haunt you if you are not moving forward.}

Cost: He deserves a cut. How much does he want? How Much are you willing to give?

Temprement: Does he Primarily Day, Swing OR Position Trade? Is that what fits you?

History: How long has he had POA? & subsequently, How Long Before his clients went Positive?

Prognosis: Based on his Prior experience, How long does he think it will take to grow your account by 25% or so? {keep it realistic}

Tag Along: Managers are reluctant to inform you "We are Long EURUSD" for a simple reason. You put 10% of your avalaible funds with them and trade the other 90 on your own.(cutting his fee) Expect to see Trade Results AFTER the are Closed. You should be able to, via the Web, see current + or - though.

Please, do not ask for whitewashed Client statements as this will put you to the back of the line. A good Manager knows what has gone before means nothing and does not want to give you altered expectations.

I wish you luck and {my Clients [pesumptios of me, but I think they should be happy with an 125% growth over 6 years] & Family agree} Having someone else manage your funds is not neccessarily a bad thing.

Here are 4 critical questions that you should have answered. These were written by Brett N. Steenbarger, Ph.D.




1) Why should I place my money with you? Show me, in your historical testing of your strategies and in your real-time performance, how you obtain returns that are in excess of what I could obtain in riskless investments or in simple buy-and-hold stock and bond strategies.

2) Diversification has been called the one "free lunch" available to investors. How do you utilize diversification to achieve superior risk-adjusted returns? How do your returns correlate with those available in the stock and bond markets?

3) Show me data on how your strategies perform under different market conditions, the drawdowns I can expect, as well as the flat periods of performance.

4) Markets are constantly changing. What, specifically, are you doing to stay ahead of the curve? What major changes have you made recently to adapt to market conditions and how do you track the success of those changes?


Here's one from me: Your money manager should be registered! If in the US, with the NFA. If someone wants your money the least they can do is take the necessary steps to be accountable to a regulatory agency.