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What would you do with a working strategy, but need capital?

  • #61
  • Jan 5, 2016 7:48am Jan 5, 2016 7:48am
Paper Trades Strategies work very well. With real capital its the PSYCHOLOGY that takes over.

IF you have a good strategy that works well. Then it will work in 10 years and even in 20 and 30 years.

Get a friend to borrow you $50 and trade it according to your strategy. IF it makes money then you can have your friend to give you more. Remember this is how the guy in "Reminiscence of a Stock Operator" did it...... Jessie Livermore.
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  • #62
  • Jan 5, 2016 7:55am Jan 5, 2016 7:55am
Quoting candlesticks
Paper Trades Strategies work very well. With real capital its the PSYCHOLOGY that takes over. IF you have a good strategy that works well. Then it will work in 10 years and even in 20 and 30 years. Get a friend to borrow you $50 and trade it according to your strategy. IF it makes money then you can have your friend to give you more. Remember this is how the guy in "Reminiscence of a Stock Operator" did it...... Jessie Livermore. {image}
yup I read the story of Jesse Livermore a few years ago... pretty good book, and I also highly recommend it

the rest of your post is irrelevant because I`m not trading manually. That's the beauty of having an EA, you don't have to worry about psychology if you of course don't tinker with the EA.

Please at least read the 1st post. FF moderators changed the title and now every one will just respond to that... sigh
  • #63
  • Jan 5, 2016 9:11am Jan 5, 2016 9:11am
Quoting Sandmann
{quote} yup I read the story of Jesse Livermore a few years ago... pretty good book, and I also highly recommend it the rest of your post is irrelevant because I`m not trading manually. That's the beauty of having an EA, you don't have to worry about psychology if you of course don't tinker with the EA. Please at least read the 1st post. FF moderators changed the title and now every one will just respond to that... sigh

So IF you have an EA then start with $50 let it make you money.

Don't even think about it. ITS ALL CODED !

IF IT WORKS THEN IT WILL WORK FOR YEARS......AND IF NOT THEN YOU DON'T EVEN NEED CAPITAL FROM ANYONE

MONEY MAKING MACHINE !
  • #64
  • Jan 5, 2016 3:11pm Jan 5, 2016 3:11pm
If I had a working EA but lacked capital I would invest any spare money into the trading account that I could afford to lose, then let the EA grow that while I work every hour I can in a normal job (or two jobs) and invest any spare money from that into the trading account. Over time it will grow and you won't have the burden of having investors hassling you or the worry of losing the money of people you know if something goes wrong (something can always go wrong!).

You have an EA you are happy with, that's the first part of your hard work done, now work hard to generate the capital you need and soon you'll have everything you need
  • #65
  • Jan 6, 2016 2:12am Jan 6, 2016 2:12am
If it's an EA, it certainly wont work forever, especially if it does not get modified. Some EAs make profits for a while, it is true. Eventually all get buried, most times with the investors money.
  • #66
  • Jan 6, 2016 2:36am Jan 6, 2016 2:36am
There is another one called CoalfaceCapital (Irish company). I know someone who works for them. They allocate capital differently but its the same idea. If you are profitable they will fund you.
Good Luck

Quoting Sandmann
{quote} Excelent post, thank you. This is exactly the purpose of this thread - to look at new options. I've never heard of Darwinex and will definitely look them up. Thanks again Are there any other options similar to Darwinex that come into your mind?
  • #67
  • Jan 6, 2016 3:09am Jan 6, 2016 3:09am
Quoting elitejets
There is another one called CoalfaceCapital (Irish company). I know someone who works for them. They allocate capital differently but its the same idea. If you are profitable they will fund you. Good Luck {quote}
thank you very much
  • #68
  • Jan 6, 2016 3:36am Jan 6, 2016 3:36am
Quoting Sandmann
{quote} Now we're cooking You have that kind of experience? If not, would you do it? I`m afraid that government subsidy is not an option where I live...
I am doing it right now , government gives me $750 cash (every month)+ $200 rental subsidy(every 2 month)
My doctor ables to proof that I am not able to work with people anymore (Autism Spectrum Disorder, ASD).
Besides that , I'm taking parttime job from time to time, paid by cash , so the government wouldnt be able to trace it

I am using my parents account+my own money to trade, technically, that is not my money .
  • #69
  • Jan 6, 2016 3:51am Jan 6, 2016 3:51am
Quoting fifaman2009
{quote} I am doing it right now , government gives me $750 cash (every month)+ $200 rental subsidy(every 2 month) My doctor ables to proof that I am not able to work with people anymore (Autism Spectrum Disorder, ASD). I am using my parents account+my own money to trade, technically, that is not my money .
I believe you are not situated in China as listed in your profile... If I would quit my day job, the state would give me about 700eur for the next 6 months which is hard to live of due to various bills etc. After that it would be about 400eur or so... which is less than a quarter of my actual earnings.

I can't work with people either, but I doubt my doctor would agree sorry that was not the best joke, but it's hard to work with people sometimes. One of the reasons I trade, as you basically fight with yourself

good luck to you and thanks for a different perspective
  • #70
  • Jan 6, 2016 4:12am Jan 6, 2016 4:12am
Quoting Sandmann
{quote} I believe you are not situated in China as listed in your profile... If I would quit my day job, the state would give me about 700eur for the next 6 months which is hard to live of due to various bills etc. After that it would be about 400eur or so... which is less than a quarter of my actual earnings. I can't work with people either, but I doubt my doctor would agree sorry that was not the best joke, but it's hard to work with people sometimes. One of the reasons I trade, as you basically fight with yourself good luck to you and thanks...
Thanks. My doctor have to, coz I fainted in office while were working with people several times .
  • #71
  • Jan 11, 2016 8:34am Jan 11, 2016 8:34am
you could also look into micro prop shop (google it)

theres a guy on ff promoting them, perhaps a principal there,

their site explains how they fund you and what you make based on baselines and min high water marks.
  • #72
  • Edited 6:55pm Jan 11, 2016 5:08pm | Edited 6:55pm
Quoting Sandmann
1. Start with a small capital 5k and let it grow over time...
2. Borrow money from friends or family etc ... (not a fan of this option, and I'll probably won't consider it but it's still an option)
3. Look for investors 4. Zulutrade / Myfxbook etc 5. ... So the hypothetical question --> what would you do if you had a working strategy that consistently make monthly returns but lack capital to invest into your trading account?
I'd go with 1. but I would probably go with even smaller sum - $500 or something and slowly build capital.

If you can't build capital over time, how do you know that you have a working strategy?
Shift happens...
  • #73
  • Jan 13, 2016 2:45am Jan 13, 2016 2:45am
I want to tell the one. Start with small. Because: It will be real testing of your strategy and while you will trading with little capital, maybe you could invent something new or improve that you had.
  • #74
  • Jan 13, 2016 5:55pm Jan 13, 2016 5:55pm
Trade small to build up capital.
Make your losses in demo. Earn your profits live.
  • #75
  • Mar 14, 2016 9:03am Mar 14, 2016 9:03am
A quick update... the track record is going smoothly so far. Currently this system is showing consistent returns for the past 150trades with minimal DDs ... since Oct 19th when the testing began.
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  • #76
  • Mar 14, 2016 9:43am Mar 14, 2016 9:43am
Nice pic, man. I do not forex Guru of course, but trading for 2 years with a certain periodicity. Usually after I destroy next account.
I can tell you to find a permanent profitable strategy difficult. Apparently you caught a wave. And you do not exactly need to stop there.
Thank you for sharing.
  • #77
  • Mar 14, 2016 10:02am Mar 14, 2016 10:02am
Quoting AlexFF
Nice pic, man. I do not forex Guru of course, but trading for 2 years with a certain periodicity. Usually after I destroy next account. I can tell you to find a permanent profitable strategy difficult. Apparently you caught a wave. And you do not exactly need to stop there. Thank you for sharing.
Thanks for the comment. I`m close to being 4 years in this business...

Well the graph might show it's just a wave catch, but looking at statistics it's based on higher wins compared to loses. As you can see there's a 49.33% win rate over 150trades, but average win is 75% higher than an average loss. With this RR it can withstand even a lower winrate. We'll see how it goes. So far so good
  • #78
  • Mar 14, 2016 10:38am Mar 14, 2016 10:38am
There is a good article about how to attract investors in the Internet. This can be a blog or a newsletter in the mail. As well, there is such opportunity - to sell signals, and save enough money to continue to maintain your own adviser.
  • #79
  • Mar 15, 2016 2:34am Mar 15, 2016 2:34am
If you are 100% confident about your trading strategy, maybe you can borrow money from others. But it should be 100% confident, otherwise forex trading is high riskly, that will destory your life.
  • #80
  • Mar 15, 2016 4:13am Mar 15, 2016 4:13am
Quoting Sandmann
{quote} Thanks for the comment. I`m close to being 4 years in this business... Well the graph might show it's just a wave catch, but looking at statistics it's based on higher wins compared to loses. As you can see there's a 49.33% win rate over 150trades, but average win is 75% higher than an average loss. With this RR it can withstand even a lower winrate. We'll see how it goes. So far so good
Got it. I'd say in this case, I hope you have more patient than me. Because my greed often doesn't give me close in time..
Borrow money in the bank you don't want to? To increase deposit, if the strategy really works and then return. Low risk looking at your statistics.
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