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Would I have any takers?

  • #41
  • Jan 8, 2008 9:24am Jan 8, 2008 9:24am
Quote
if someone makes money for 10 or 20 weeks consistently, then they've got it.
We'd have to agree to disagree straight away.
This could turn into a huge debate on it's own! :

Carpe Divitiae
  • #42
  • Jan 8, 2008 9:55am Jan 8, 2008 9:55am
Quoting fsiltd
Yeah, that could get a bit of a buzzing thread going I can imagine!
It looks like it already is! Lol!

I don't have the six quarters yet but I am in profit. If you have any flexibility there, I'd certainly like to be considered. Of course, I would understand completely if this requirement was set in stone.

DD is not a problem.
  • #43
  • Jan 8, 2008 10:03am Jan 8, 2008 10:03am
...I think this is an opportunity; at least for some.

DD taken seriously, it could be the starting block for someone who hasn't had a chance to trade a "real" account yet.

A note from experience: when the 4 hopefuls are selected, have a face to face (obviously difficult if they are from 4 diff. corners of the globe) since this will be a business relationship -

Rip his arm off, I'd say - when do you get offered interest-free and risk-free capital to trade???

regards
daytrading
Enter Signature
  • #44
  • Jan 8, 2008 10:04am Jan 8, 2008 10:04am
Well I will offer myself up to this if you would wish to try to free a 2 year rookie from his bonds. No guarentee but only my best effort on every trade.

pm me if you should be interested.

Who in their right mind (other than those who are pro's) could pass up the opportunity such as this? But either way I wish the best to you and the lucky 4 who you choose.

kevin
  • #45
  • Jan 8, 2008 10:05am Jan 8, 2008 10:05am
Quoting daytrading
...I think this is an opportunity; at least for some.

DD taken seriously, it could be the starting block for someone who hasn't had a chance to trade a "real" account yet.

A note from experience: when the 4 hopefuls are selected, have a face to face (obviously difficult if they are from 4 diff. corners of the globe) since this will be a business relationship -

Rip his arm off, I'd say - when do you get offered interest-free and risk-free capital to trade???

regards
daytrading
Exactly.
Carpe Divitiae
  • #46
  • Jan 8, 2008 10:16am Jan 8, 2008 10:16am
Quoting daytrading
...I think this is an opportunity; at least for some.

DD taken seriously, it could be the starting block for someone who hasn't had a chance to trade a "real" account yet.

A note from experience: when the 4 hopefuls are selected, have a face to face (obviously difficult if they are from 4 diff. corners of the globe) since this will be a business relationship -

Rip his arm off, I'd say - when do you get offered interest-free and risk-free capital to trade???

regards
daytrading
yeah, basically not just for the money. but if you can succeed you will build some reputation and maybe in the future work for a bigger investor? ...
and then build up your own portfolio with earnings?

thats why if i am chosen with another mate to manage 1 account or whatever ill take care of it as my own money.
my mom is telling me i have to look for a job but i am sticked to this, i even quit my girlfriend for forex, its my future who is in play....
i love challenges and more in economics

+ ill send you reports minutes, hourly, daily, as you want......
24-07-365.
  • #47
  • Jan 8, 2008 10:17am Jan 8, 2008 10:17am
This sounds interesting........ not sure I would participate, but an interesting experiment non the less.
Same Whore .... Different Dress
  • #48
  • Jan 8, 2008 10:44am Jan 8, 2008 10:44am
Quoting acidguy
yeah, basically not just for the money. but if you can succeed you will build some reputation and maybe in the future work for a bigger investor? ...
and then build up your own portfolio with earnings?

thats why if i am chosen with another mate to manage 1 account or whatever ill take care of it as my own money.
my mom is telling me i have to look for a job but i am sticked to this, i even quit my girlfriend for forex, its my future who is in play....
i love challenges and more in economics

+ ill send you reports minutes, hourly, daily, as you want......
24-07-365.
Hi Acid,

There are plenty of reasons to go for it.

I am really surprised about so much apprehension - unless you are truly making money already with your own cash or with that of someone else for that matter, then I can see no reason for not taking the oppoertunity.

There must be an overwhelming surplus of aspiring traders in here...compared to the minority of established long term successful traders.

Best of luck if you get chosen.

regards
daytrading
Enter Signature
  • #49
  • Jan 8, 2008 11:06am Jan 8, 2008 11:06am
I agree, I think it sounds interesting. Personally I don't qualify so can't really help.

Additionally I wonder whether the people you get are the people who are struggling for capital. I think the audience is slightly limited in that the successful traders who have made money consistently for 18 months might back themselves and say well I would rather make 100% of my own money than 50% of someone elses when I will still be doing the same amount of work.
  • #50
  • Jan 8, 2008 11:16am Jan 8, 2008 11:16am
Quoting daytrading
Hi Acid,

There are plenty of reasons to go for it.

I am really surprised about so much apprehension - unless you are truly making money already with your own cash or with that of someone else for that matter, then I can see no reason for not taking the oppoertunity.

There must be an overwhelming surplus of aspiring traders in here...compared to the minority of established long term successful traders.

Best of luck if you get chosen.

regards
daytrading
thanks for you commentary, really appreciate it.
as you know here we have to say the truth if we want to get somewhere and i have opened.

and about one point you said.
yeah, making some money with my account. not hundred or thousands since my starting balance was little but something.

some time ago my strong dream was get a premium rapidshare account, with my forex earnings and some months later, now i just dont own a rapidshare premium but filefactory, and megaupload too .
it takes somehow but perseverance and patience helps.

this challenge seems like a big adrenaline dosis and way to test how far i can stretch my own boundaries with responsability.

but anyway, at the end the owner of this thread is the one who chooses which side to take, if i dont get elected. i would not worry.

good luck to the others in this journey
  • #51
  • Jan 8, 2008 11:20am Jan 8, 2008 11:20am
As I mentioned,

there is nothing to lose if you are in the right position.

g/l all

regards
daytrading
Enter Signature
  • #52
  • Jan 8, 2008 11:22am Jan 8, 2008 11:22am
I'll reply to individuals asap.

I'm getting quite a battering regarding this 18-month thing though (via pm also

I still have my reservations. However, I do know it is more about "volume" in some cases.
Some only make 10 trades in 18 months, some make a thousand. This much I will agree on.

So, what do folks suggest then. Drop the minimum "experience/time" limit?
Make it trade volume based? Make it profit based?
I'm still open to suggestions (up to a point )

And just a quick one to the doomsday'ers. YES i know this is probably a lil crazy.
But my justification is that I've had a very good '07. You can almost say I have "excess" profits (...no such thing!!...)

It is just "another profit vehicle" for my money. Yes I can stick it in a bank, cd, bond, back into my own account whatever.
But, I WANT to know what the possibilities are. I am willing to put in the risk capital, same as I do with any other investment/trade I make. You don't make money doing nothing with your money.

I think the potential reward is pretty big.
Carpe Divitiae
  • #53
  • Jan 8, 2008 11:40am Jan 8, 2008 11:40am
Quoting fsiltd
I'll reply to individuals asap.

I'm getting quite a battering regarding this 18-month thing though (via pm also

I still have my reservations. However, I do know it is more about "volume" in some cases.
Some only make 10 trades in 18 months, some make a thousand. This much I will agree on.

So, what do folks suggest then. Drop the minimum "experience/time" limit?
Make it trade volume based? Make it profit based?
I'm still open to suggestions (up to a point )

And just a quick one to the doomsday'ers. YES i know this is probably a lil crazy.
But my justification is that I've had a very good '07. You can almost say I have "excess" profits (...no such thing!!...)

It is just "another profit vehicle" for my money. Yes I can stick it in a bank, cd, bond, back into my own account whatever.
But, I WANT to know what the possibilities are. I am willing to put in the risk capital, same as I do with any other investment/trade I make. You don't make money doing nothing with your money.

I think the potential reward is pretty big.

Hi,

Your rules 1, 2 and 3 with regard to risk on capital should seperate the applicants.

With the capital you provide, combined with the rules you have set, certain methods/traders will drop out anyway.

So, you might as well stick to your criteria since people whose methods dictate only 5 trades a year for example, won't really make any money.

You want people who trade often with small risk and the right leverage.

regards
daytrading
Enter Signature
  • #54
  • Edited 11:45am Jan 8, 2008 11:43am | Edited 11:45am
Quoting fsiltd
I'll reply to individuals asap.

I'm getting quite a battering regarding this 18-month thing though (via pm also

I still have my reservations. However, I do know it is more about "volume" in some cases.
Some only make 10 trades in 18 months, some make a thousand. This much I will agree on.

So, what do folks suggest then. Drop the minimum "experience/time" limit?
Make it trade volume based? Make it profit based?
I'm still open to suggestions (up to a point )

And just a quick one to the doomsday'ers. YES i know this is probably a lil crazy.
But my justification is that I've had a very good '07. You can almost say I have "excess" profits (...no such thing!!...)

It is just "another profit vehicle" for my money. Yes I can stick it in a bank, cd, bond, back into my own account whatever.
But, I WANT to know what the possibilities are. I am willing to put in the risk capital, same as I do with any other investment/trade I make. You don't make money doing nothing with your money.

I think the potential reward is pretty big.
have you heard something about Oliver Velez?
he is a good trader which after some time of big success in trading decided to diversify part of his profits putting some community traders he personally chose.

and he has something like a web with lot of traders around the globe.
this is what i remember he does.

lets say you want to start this challenge.
first you choose 4 good traders traders and assign something like $500 capital. your target is lets say $750 in 2 weeks.

if any trader does it, he has the opportunity to get into the next level. with more deposit, if the trader instead of that have x% drowdown. the trader is out of the contest in the first level. by chance your statistic of getting some profits or not getting losses are high since the good ones will overshadow the losers.

it a trader lets say have reached 3 level with an account of lets say $2000. and the trader dont get the expected results or get some drawdown.
you will donwgrade him 1 level. and will get out of his account lets say $500.

but if the trade in the other side is good and it reach level 4. he gets his 50/50 profit and also a reward.

as Oliver said, the human conscience respond powerfully to pain and pleasure, so this rewarding game he tells it has increased his capital considerably and helps keep good people on this team.

he explain it with details in a video i watched some time ago, if i can find the link. sure ill post it soon.

personally i think $2.5 is much, but the good trader will get there as i expained. and would not be nice having 4 good traders on your team?
i think its lovely.
  • #55
  • Jan 8, 2008 11:55am Jan 8, 2008 11:55am
I think yur idea cant work..
2500 into 10,000 = 75 % any1 who can do this wont accept yur offer unless they were a newbie, No trader that can make that sort of return would take the offer because he would lose money. A trader that is capable of doing this would likely take u up on yur offer would most likely run with te money.

This is just my opionon........be very carefull
and a newbie just hasnt got the kinda track record ud want for a manager of yur account.
  • #56
  • Jan 8, 2008 12:02pm Jan 8, 2008 12:02pm
Quoting nAVIN2007
I think yur idea cant work..
2500 into 10,000 = 75 % any1 who can do this wont accept yur offer unless they were a newbie, No trader that can make that sort of return would take the offer because he would lose money. A trader that is capable of doing this would likely take u up on yur offer would most likely run with te money.

This is just my opionon........be very carefull
and a newbie just hasnt got the kinda track record ud want for a manager of yur account.
it can be true, it cant be not.

if after all risk would not be present, you would not be trading on forex.
yeah, he has to be very careful and picky. as i said, many times have worked, even big banks and big institutions do this but always giving fund to traders in piramids like i explained. the good ones get the pot, while the not profitables get out.

giving $2.5k package on the first shot i think is suicidal even if you are sure the trader is good.

but as i said, nothing withouth risk is rewarding. but also add responsability and we get a good mix.

starting with a rewarding method can give you much room to manouver on the process.
  • #57
  • Jan 8, 2008 12:05pm Jan 8, 2008 12:05pm
Quoting nAVIN2007
I think yur idea cant work..
2500 into 10,000 = 75 % any1 who can do this wont accept yur offer unless they were a newbie, No trader that can make that sort of return would take the offer because he would lose money. A trader that is capable of doing this would likely take u up on yur offer would most likely run with te money.

This is just my opionon........be very carefull
and a newbie just hasnt got the kinda track record ud want for a manager of yur account.

Man,

where did you learn your math skills!?

From 2500 to 10K is 400% (not 75%)

Of course it can be done - you have to be good though....besides, its 2.5K start capital not 2.5million...there is a big difference in achieving big returns on small capital compared to achieving big returns on big capital. (has to do with execution and cost etc.)

regards
daytrading
Enter Signature
  • #58
  • Jan 8, 2008 12:41pm Jan 8, 2008 12:41pm
I am up for the challenge... I do not have my own acc as I find it I am more discipline and having EQ (emotion control) intact when I trade others acc. I blew up many of my own acc before and only last year I am FULL TIME concentrating managed acc. (After exhausted all the savings)

I just took small commission from my clients and just enough to pay for food, my car and housing loan. Not enough for saving. All my Clients are from my family members and someone close to me. Just small CAPITAL. Background... I come from a poor family. US$2.5K is a lot of money here.

If you are offering 50-50... you've got my attention. Just to clarify here... when the acc reached 10K ... you will split it 50-50... OR... only after the acc more than 10K... then only 50% on the profit?

My reputation... I am hosting MALAYSIA thread. Reporting every entry and exit of my trades with my analysis there.

One of my clients acc statement I attached it in the thread:
http://www.forexfactory.com/showthre...cc#post1766576

I see an opportunity here... I wanna grab it. Call me NEWBIES or desperado... the truth is... this is what I do for a living right now


  • #59
  • Jan 8, 2008 12:59pm Jan 8, 2008 12:59pm
Opsss sorry... after a careful reading... count me OFF. Not interested anymore...

If after US$5K from US$2.5K then 50-50 on the next profit... I might be interested again. If only after US$10K then only I can earn commission from that hard work... too much.
  • #60
  • Edited 1:19pm Jan 8, 2008 1:06pm | Edited 1:19pm
Quoting Malaysia
Opsss sorry... after a careful reading... count me OFF. Not interested anymore...

If after US$5K from US$2.5K then 50-50 on the next profit... I might be interested again. If only after US$10K then only I can earn commission from that hard work... too much.
lol, where is your EQ
or a dirty trick for applying inverse psychology?.

anyway congratz, your post has inspired me in being more aggresive with trading, just made 50pips making a nice bet on uj long as the bush
financial protection team is at work and we are in oversold area. thx Malaysia,
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