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Seeking Immediate Investor

  • #41
  • Aug 18, 2010 12:56pm Aug 18, 2010 12:56pm
Quoting TJPLD
So how much of "the fund" would be your capital at risk? No serious investor would give anyone his money when not even 10% of the Fund Managers money is at risk. By the way real CTAs only get 20% of profits based on a high water mark. I'm just saying.
real CTA's dont share in the risk either though.
FX Specialist
  • #42
  • Aug 18, 2010 12:57pm Aug 18, 2010 12:57pm
Quoting mabenn

Who else would give an investor a 50% loss sharing guarantee? I know of no managed fx guys, hedge funds, etc that would do that.
lol, now why do you think that is?
  • #43
  • Aug 18, 2010 12:57pm Aug 18, 2010 12:57pm
Quoting Astroman
Sounds good unless your a sadist. But really. why would anyone want to share the risk on your losses. I can lose money easily enough on my own thank you.
It's a simply 50/50 sharing deal, share profits, share losses, share costs. This isn't for somebody that can do it on their own.
FX Specialist
  • #44
  • Aug 18, 2010 12:58pm Aug 18, 2010 12:58pm
Quoting pipmutt
lol, now why do you think that is?
In my opinion it's because they are uncertain about their performance, I however am not.
FX Specialist
  • #45
  • Aug 18, 2010 12:59pm Aug 18, 2010 12:59pm
Quoting mabenn
Everyone is tight with their cash that's for sure. Uncertainty every where. My trading method is designed for several multiples of risk on average every day. It's a cash flow type system that can handle account equity of up to 1 million before losing it's edge.

I figured that offering a loss sharing guarantee would ease prospects minds.
Dude, jacko the most respected member of ForexFactory just scammed dozens of people who invested ++300K in his fund.
Now you come here with no live experience at all (few months is nothing) and look for investors? That is some terrible timing.
  • #46
  • Aug 18, 2010 1:00pm Aug 18, 2010 1:00pm
Quoting mabenn

I figured that offering a loss sharing guarantee would ease prospects minds.
Not really, it would probably scare the crap out of them, a 25% loss cap plus expenses, they're likely to call security!

Learn the business and check out the competition before attempting something like this, that would be my advice!

If you really can trade then go to the professionals, they'll always find you money to trade.....but son, you might want to rethink your sales pitch!

-
  • #47
  • Aug 18, 2010 1:01pm Aug 18, 2010 1:01pm
Quoting ns_karthik
well, the response here so far should have told you enough that the task of raising capital with this kind of exp is next to impossible...so why dont u do something which u know and which you are capable of before branching into doing what u like?
Like what? drive a truck or go back to the brokerage?

Believe me when I say that forex brokerages are there to take as much money as possible that they can get away with. I didn't enjoy that at all. I once did a deal on a client for 1100 pips on 200k, that's bs that I was able to get away with it, but I can't handle working in a place like that any more.

Ideally it will just be me and the markets, what's wrong with that?
FX Specialist
  • #48
  • Aug 18, 2010 1:03pm Aug 18, 2010 1:03pm
Quoting pipmutt
Not really, it would probably scare the crap out of them, a 25% loss cap plus expenses, they're likely to call security!

Learn your business and check out the competition before attempting something like this, that would be my advice!

a 25% loss of the portfolio is within the possibilities of my system, but a 50% loss is extremely unlikely, that's why I am confident in sharing 50% of the loss, even if 100% of the portfolio is lost.

How is that scary?

in the past 8 days I generated 38 x the risk, at .5-1% risk per trade.
FX Specialist
  • #49
  • Aug 18, 2010 1:04pm Aug 18, 2010 1:04pm
Quoting mabenn
Like what? drive a truck or go back to the brokerage?

Believe me when I say that forex brokerages are there to take as much money as possible that they can get away with. I didn't enjoy that at all. I once did a deal on a client for 1100 pips on 200k, that's bs that I was able to get away with it, but I can't handle working in a place like that any more.

Ideally it will just be me and the markets, what's wrong with that?
nothing wrong with that...just that u arent making much headway trying to do that...as u can see...

if u had atleast asked for investment for a brokerage, people might have thought abt it based on ur prior exp....now u expect people to risk their hard earned money on the skill of yours for which there is no record? nice...
  • #50
  • Aug 18, 2010 1:07pm Aug 18, 2010 1:07pm
Quoting TJPLD
Dude, jacko the most respected member of ForexFactory just scammed dozens of people who invested ++300K in his fund.
Now you come here with no live experience at all (few months is nothing) and look for investors? That is some terrible timing.
Thanks for the heads up. I don't care about Jacko and really had no clue about his dealings. It bothers me that people were scammed, but that's not me or what I am trying to do. An investor would know pretty quickly if I wasn't able to perform and would be welcome and encouraged to bail at any time.

Complete transparency of everything is the only way.

In my opinion though, if people were scammed it's their own responsibility that they allowed it to happen. We too often shift our responsibility to others. So that is why this offer isn't for anyone but someone who is a perfect fit with me and what I am planning.

I realize it's like a 1 in a million chance that someone would even consider this and even worst odds of finding someone but who knows?
FX Specialist
  • #51
  • Aug 18, 2010 1:08pm Aug 18, 2010 1:08pm
Quoting mabenn
a 25% loss of the portfolio is within the possibilities of my system, but a 50% loss is extremely unlikely, that's why I am confident in sharing 50% of the loss, even if 100% of the portfolio is lost.

How is that scary?

in the past 8 days I generated 38 x the risk, at .5-1% risk per trade.
Have you just escaped from somewhere?

Nothing here.......pipmutt out!


(Oy vey already!)
  • #52
  • Aug 18, 2010 1:10pm Aug 18, 2010 1:10pm
Quoting ns_karthik
nothing wrong with that...just that u arent making much headway trying to do that...as u can see...

if u had atleast asked for investment for a brokerage, people might have thought abt it based on ur prior exp....now u expect people to risk their hard earned money on the skill of yours for which there is no record? nice...

becoming a CTA is an option that I am considering. I will offer full disclosure to interested parties in the mean time.
FX Specialist
  • #53
  • Aug 18, 2010 1:11pm Aug 18, 2010 1:11pm
Quoting pipmutt
Have you just escaped from somewhere?

Nothing here.......pipmutt out!


(Oy vey already!)

Thanks for your healthy skepticism pipmutt.

You could say that I escaped from a Job that I didn't like, I'd like to keep it that way
FX Specialist
  • #54
  • Aug 18, 2010 1:19pm Aug 18, 2010 1:19pm
Quoting mabenn
becoming a CTA is an option that I am considering. I will offer full disclosure to interested parties in the mean time.
I'd say becoming a CTA is the only option. Are you planing to trade the investors account trough a Limited POA?
  • #55
  • Aug 18, 2010 1:20pm Aug 18, 2010 1:20pm
Quoting mabenn
, that's why I am confident in sharing 50% of the loss, even if 100% of the portfolio is lost.

How is that scary?

I thought you had no money so needed to come begging here for some, how do you plan to make up the inevitable loss? so the scary bit is you already have admitted you would never be able to make up the loss.


Quote
in the past 8 days I generated 38 x the risk, at .5-1% risk per trade
Actually you are a demo trader so you generated exactly zero, nothing, zilch, nada.
  • #56
  • Aug 18, 2010 1:25pm Aug 18, 2010 1:25pm
Quoting TJPLD
I'd say becoming a CTA is the only option. Are you planing to trade the investors account trough a Limited POA?
No a partnership agreement. I agree about the CTA thing. In that case I would be trading through a limited POA.
FX Specialist
  • #57
  • Aug 18, 2010 1:26pm Aug 18, 2010 1:26pm
Quoting cloggie
I thought you had no money so needed to come begging here for some, how do you plan to make up the inevitable loss? so the scary bit is you already have admitted you would never be able to make up the loss.


Actually you are a demo trader so you generated exactly zero, nothing, zilch, nada.

I have equity in the down payment I put on my home, it was 75k, the home has remained stable in value since then. It would be easy for me to get a HELOC for 25k.
FX Specialist
  • #58
  • Aug 18, 2010 1:27pm Aug 18, 2010 1:27pm
Quoting mabenn
I have equity in the down payment I put on my home, it was 75k, the home has remained stable in value since then. It would be easy for me to get a HELOC for 25k.

There is your answer, if you are so convinced your strategy works, take the 25k out and come back here in 3 years showing an actual trading history.
  • #59
  • Aug 18, 2010 1:31pm Aug 18, 2010 1:31pm
Quoting cloggie
There is your answer, if you are so convinced your strategy works, take the 25k out and come back here in 3 years showing an actual trading history.
At 25k with the cost of doing business my expenses would be a large % of the profits. I said that to do it right I would need at least 50k, but 100k ideally.
FX Specialist
  • #60
  • Aug 18, 2010 1:34pm Aug 18, 2010 1:34pm
Quoting mabenn
At 25k with the cost of doing business my expenses would be a large % of the profits. I said that to do it right I would need at least 50k, but 100k ideally.
Cut your expenses.
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