As I have some time to kill before next meeting.... First, I am not in the advertising business. However, as Smoker, and I guess may be some traders do not know what is out there for traders : the two are the no Bull Shit one. http://mercenarytrader.com/funding/ : start at 2million-10 million$ to test you, and can increase your account up to 100million$. You have to put at least $200k on the table to get started. So no need to bother them till you can prove you have the money in account. The other thing : the trading account is only with one of the banks they use, so you can trade from anywhere in the world, but obviously you can't touch the capital, only your profits.lol. They are really good, very open and seriously - though ruthless profiteers - really have the trader's best interests at heart. I really bothered one of the lad there when discussing trading parameters. My way to thank him. . for smaller people, obviously http://www.topsteptrader.com/Combine from $30k-$150k. very good link on ET. 300$ to put on the table to get you started. There are other really decent shops out there with a website. And for some reasons they are really fine being transparent. I guess they want to make sure traders can check them out as well. I wonder why. lol. The truth is simple : at the end of the day, it comes down to knowing how to trade. These business owners most often than not will always go their way to find more money for your account - just ask. If they can't, they know someone who will. The problem is not about finding money. Obviously, you have to share a little bit so as everybody benefit and those you share your profits with can keep doing what they do better. Very good profitable traders are i-n-d-e-e-d extremely rare. It takes time to realise , but that is the reality. Some people believe it is a problem of money, I'd say a problem of transparency may be , and mostly of knowing how to trade. Nothing prevents you from creating a webpage, with what people will have to be able to prove - and a loading page where they can send in any supporting document. The nice thing is whoever is really interested can apply, and traders can know that surely the brokers are not passing their details around. Ot at least you are not encouraging brokers into this practice. lol. ---- I know of one trader who had to move home so as to stop having to deal with pimps and dealers , as unfortunately an irresponsible greedy broker passed the trader's details around ( including home address. lol.). I guess they never thought the trader would then have to deal with some severe form of harassment, as the trader kept refusing and their services and showing them how to trade and trading for any of them. lol. So yes, the tables are kind of turning around : traders who know their value, don't sell themselves short and avoid certain type of parasites. Regarding academic studies - because academics have a strict code of practice and some deontology ( in simple terms morals & ethics) - they'd have to report any data where traders names are included. At least as long as their studies is done within a recognised academic institution. I think - but I am not sure - should they not comply with privacy laws, they could go through disciplinary actions. Even if one is not Norwegian, one can still get all the info - as long as it does not breach obvious practices - for some reasons this fund ( true of ~ 750billion$ today, and forecasted to get over trillion ) is very transparent. I still wonder why.
for the email question. the capital they allocate is not the leverage - basically they multiply your account by 10 when you start. This is then your trading account size.
Interesting information on TopStep, SS, thanks. I read about the contest in past, but never paid serious attention. Personally I found that getting the same amount of capital ($50-100K) is a no biggie within literally a month if you have a bit of reputation among people you know. That's my 1st hand experience. I keep less than 60% of the profits of course, which is a drawback for a trader, but I am not bound with any rules but my own trading decisions too, except the maximum total draw-down and maximum daily loss we agree with clients upon, which is a benefit. Anyway, raising small amount like 5 or low 6 figures is not hard at all. Millions is a different story of course.
true trading size is a different story. But then in trading one has to keep learning and improving. The money is out there. What is not so easy are the good traders.
That's for sure. Especially traders who are profitable and want to run some OPM at the same time. But in my view, risk profile of OPM is so attractive it's hardly possible to refuse such a career move, unless you're really a misanthrope not willing to deal with people ever. As Smoker once mentioned in this thread: OPM is like getting a free option contract. What trader would refuse to take such a bet?
hahahaha. I always wonder why the mercenary guys are so transparent. Even having a website, and even willing to give info for people to check them out fully. Wow and funnily enough they do not pass or sell traders details. lol.
for those looking for $2-10million to start with, up to 100million$ trading account : these guys have even put a website to make it easy for you. Lo and behold, they are happy for you to check them out fully beforehand as well. lol. Please form an orderly queue if you are: 1) have $200k in a bank account 2) are a profitable trader 3) want a 2million$ starting trading account http://mercenarytrader.com/funding/
Sadly, I don't have a truly scalable approach at my hands currently. IMO anyone who has it doesn't even need much to look for funding, funding will find him itself. It's true for smaller scale speculation such as I do and see no reason why it wouldn't be true for larger scale where producing consistent alpha is even more difficult.
They probably shoot for rare traders who are somehow left outside of OPM offers, but are willing to try.