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Trademanstan
Registered: Sep 2012
Posts: 36 |
09-28-12 09:02 PM
Dont be offended brother, no worries.. Im posting this as a two part series, to get different ideas
Your post was excellent, and very resourceful.
I see what you mean by starting a new thread, but I wanted to make sure others know that Eventhough im focused on trading, I wanted to make the importance of raising capital.. because i have no ideas how to track investors or find investors and capital raising strategies.
I apologize if i seemed rude or thought you were bullshitting, not at all man. quite the opposite
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oldtime
Registered: Jun 2011
Posts: 7357 |
09-28-12 11:02 PM
Quote from Trademanstan:
No bs answers.. haha funny, now please be serious.
but if it's a good ass joke.. lol hell yeah tell it.
How do hedge funds raise capital and get investors.. besides perfomance.. My family and friends are not millionaires.. so how do i find the wealthy circles besides a persons alumni? Which is a good start.
but theres some guys that can raise capital from anywhere.. where to find it.. what are resources, and what do i say? and is there any help?
unfortunately, I started out as a broker, and quickly realized it didn't matter how good you were, you needed a salesman. Showing a doctor or a lawyer your returns won't budge a dime. The guys that can sell don't have a clue how the market works, but they can sell. Nothing happens until somebody sells it. And usually, good traders are horrible salesmen. If they weren't, they would be salesmen, since that is the highest paid profession.
A good salesman can move into a new town and within a month will be a member of everything from the health club to Kiwanis and probably be running the local food bank.
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Trademanstan
Registered: Sep 2012
Posts: 36 |
09-29-12 12:15 AM
Good point. so I wonder if i'd put an ad in the paper for a salesman. Where to find good salesman?
Find the best car salesman at a national dealership?
or find the salesman who making the most money?
Interesting
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oldtime
Registered: Jun 2011
Posts: 7357 |
09-29-12 12:54 AM
In those days , you used to have a Big Man. He was a real scumsucking dirtbag who smoked a cigar, and made sure everybody knew he was the big man.
He had a stable of traders. Typically he would put them on with a 70 or 80k account and see how they did. The funny thing was some of the new traders would quit right there and then because they considered an 80k account an insult.
And if you were a broker (salesman), you would go to the big man and he would set up a deal for you to sell a trader.
It was really a horrible life. You got paid on the commissions, and you picked the trader who traded the most.
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marketsurfer
Registered: Apr 2002
Posts: 5429 |
09-29-12 12:59 AM
Quote from oldtime:
unfortunately, I started out as a broker, and quickly realized it didn't matter how good you were, you needed a salesman. Showing a doctor or a lawyer your returns won't budge a dime. The guys that can sell don't have a clue how the market works, but they can sell. Nothing happens until somebody sells it. And usually, good traders are horrible salesmen. If they weren't, they would be salesmen, since that is the highest paid profession.
A good salesman can move into a new town and within a month will be a member of everything from the health club to Kiwanis and probably be running the local food bank.
Not to mention Everyone starting a fund has great performance, otherwise they wouldn't be starting a fund. Performance is th least critical item.
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