I don't want to start any fistycuffs here, but I have an interesting experiment I want to try. I just came up with it sitting here at stupid hours of the morning for reasons I am not even going to justify...
:
{Mods please just slap my wrist and I'll remove this if it causes any pains, don't ban me or anything, I love FF!!}
I'll make it a hypothetical first, maybe that will save some aggravasion.
Let's say I have 10K to "burn". And rather than go to the bookies, casino or buy my wife something beautiful, I said this:
I am looking for 4 traders. I'll give you 2.5K each to trade as aggressively as you like up to 10K. Once it hits 10K, we start taking 50% of net profits generated weekly from that 10K each, and the rules change. (don't worry, it'll still be fun)
From 10K:
Rule1: No more than 5% risk on any trade.
Rule2: No more than 20% overall risk on last weeks closing equity balance.
Rule3: No more than 15% drawdown on last weeks closing equity balance.
I will expect strict and extremely acurate record keeping, and if you have time, a journal/diary for notes on reasons for taking trades.
I will probably want to do some DD on ya too:
Now, I know what your MM-spidey senses are tingling, I don't wanna get into a debate about what sh*tty MM that is, but hey, I said I had 10K to burn didn't I.
{*cough* tax-write-off *cough*}
Nope, just kidding, don't repeat that, that's not true!
Any volunteers?
All my risk, 50% profit share?
Anybody?
:{Mods please just slap my wrist and I'll remove this if it causes any pains, don't ban me or anything, I love FF!!}
I'll make it a hypothetical first, maybe that will save some aggravasion.
Let's say I have 10K to "burn". And rather than go to the bookies, casino or buy my wife something beautiful, I said this:
I am looking for 4 traders. I'll give you 2.5K each to trade as aggressively as you like up to 10K. Once it hits 10K, we start taking 50% of net profits generated weekly from that 10K each, and the rules change. (don't worry, it'll still be fun)
From 10K:
Rule1: No more than 5% risk on any trade.
Rule2: No more than 20% overall risk on last weeks closing equity balance.
Rule3: No more than 15% drawdown on last weeks closing equity balance.
I will expect strict and extremely acurate record keeping, and if you have time, a journal/diary for notes on reasons for taking trades.
I will probably want to do some DD on ya too
:Now, I know what your MM-spidey senses are tingling, I don't wanna get into a debate about what sh*tty MM that is, but hey, I said I had 10K to burn didn't I.
{*cough* tax-write-off *cough*}
Nope, just kidding, don't repeat that, that's not true!
Any volunteers?
All my risk, 50% profit share?
Anybody?
Carpe Divitiae
And I'll tell everybody!
