How does someone get the capital required to turn trading into a business?

Discussion in 'Professional Trading' started by cornholio, Mar 22, 2014.

  1. I don't believe this story for 1 minute
     
    #71     Oct 25, 2014
    jb3398 likes this.
  2. There's tons of private trading firms out there that operate similar to prop firms but require a successful resume rather than a deposit. I know Great Point Capital has up to $10MM for traders to manage. I know 2 traders there. They make anywhere from $50-100K on a good day.

    It really depends on what you trade. There are a ton of Forex firms with this model. There are equity firms too, just not as big. However futures/options may be hard to come by.

    I'd suggest having at least a 2 year record of earning more than the market average, and having significantly lower losing days than your winning days. Then head to Chicago. They have tons of trading firms spread throughout the city that don't mind hiring people who "started from the bottom." NYC or London are more college recruiters.
     
    #72     Oct 25, 2014
    wwatson1 likes this.
  3. Turveyd

    Turveyd

    I've got a mate, who got funded by someone rich, must be going great cause I haven't heard from him since and when I sent message " how's the account going ? " no reply since LOL
     
    #73     Oct 25, 2014

  4. Why not? 250k for many is like $100.00 to you. Happens all the time even to those very undeserving
     
    #74     Oct 25, 2014
    jb3398 likes this.
  5. gotland

    gotland

    Can you name some 'Forex firms with this model'? I have been trying to find such firms, but no success.
     
    #75     Oct 26, 2014
  6. d08

    d08

    Family and friends are not a bad start, that's what I did. There are conditions though - you should have a very clear trading plan and should be confident that you can trade through the irregular market periods. For me it was a very close family member and I didn't even consider losing the money as that would've been an epic disaster - there was no "might get a job if this fails" plan as failure was not an option, as cliche as it sounds.
     
    #76     Oct 26, 2014
  7. Turveyd

    Turveyd

    It's tricky if not near impossible, I'd definately need a Plan B, trading is my Plan B and I haven't got a Plan C, so when Plan A goes down which has lasted 19years but soon I think, I'm screwed.

    Also, no Plan B, STRESS or what, stress is something you just do not want while trading.
     
    #77     Oct 26, 2014
  8. peleus

    peleus

    I think it's rather risky rather than tricky. It needs to be properly done though. [​IMG]
     
    #78     Oct 31, 2014
  9. Malaya

    Malaya

    What you said is true I failed an exam interview with http://www.propex.net.au does that mean I should just forget/quit trading and do something else?
     
    #79     May 20, 2015