Personally I probably would sell the strategy outright for a decent sum instead of managing capital and dealing with the headache. Either case, you always need a track record. Even if you are an independent trader, a qualified track record is your "resume" in this deceptive industry.
I'm looking for someone offshore of the U.S. who could take over the password of a Binance or Bybit account so that i could access the services, especially the API services, as well access to the leverage and liquidity. In which case i might be able to turn a profit monthy, maybe even weekly. My trend-following method is passing theoretical benchmarks consistently with a profit factor of 1.65 in the 30 minute time frame (similar other time frames), winning just 40% of the time. With those stats, it would be profitable every X number of trades. If there were X or more trades in a month, then yes, it would be profitable every month. I can understand what people are saying here. I don't feel like selling it for this amount, and to sell it for more, someone would want more proof than i have right now. And i'm not sure i would sell even then, as there appears to be some originality in my idea. Although a trend following method is least likely to break down if publicized, i just don't know about that. As a US resident, I can no longer open accounts at the best, most popular, most profitable, and hence, probably the safest offshore exchanges, notwithstanding the FTX debacle. Nor could i share a password to any kind of account in the U.S. without some business partnership. im not interested in that headache overhead. Imo, these offshore exchanges don't give as much of a damn about shared accounts, as they are less regulated. So i would propose some sort of profit sharing as a service, and would keep my method to myself. We would have to decide on what is a fair split, just for you to have the account verified, with your own ID, from your own country. That is literally all i am asking. I plan to fund the account with some seed capital, not much, keep most my capital in my own wallets, and take advantage of the leverage, being willing to sustain 50% drawdowns. This is an opportunity for a fool to run away with my seed capital, or with whatever can be generated in a month from it. But in theory, it would be better, more profitable, just to take a percentage each month from the profits. Since you would not be taking responsibility for any of the losses, the percent profit sharing ought to be modest, favoring the goose that lays the golden egg. I am thinking something like 10/90 is generous. If you did see consistency that you liked, you could contribute more to the capital base and get a higher percentage, but it is not needed or expected, i don't care. Also, if you see consistency that you liked, you could pay more attention to the hints that i drop here for the public, and maybe figure out your own method, in which case my services would not be needed anymore.
The problem I see is that the person opening the account would be responsible for the capital gains tax. Any gains would be on top of what the person already pays, so the marginal tax rate would be quite high. In Canada 50% of the cap gains are taxed at the income tax rate. A taxable income 0f 150K has a marginal rate of 40%
Simplest and most lucrative thing for you to do is write options, find PB groups buy up everything discounted you can afford, take a portfolio margin on a portion and write options on the rest. Individual start ups will take home 20K monthly minimum minus the leverage. Small groups do 100K-500K, small institutions do atleast 1M usd equivalent
I have Binance and Bybit accounts outside of the states The venture has to be lucrative though dm me directly
You're right, this is a problem. For this to work, unless someone has a better suggestion, the person opening the account needs to be personally sure that he/she is tax exempt in their own country, or if not, sure that there is, and will be, no communication or cooperation between the exchange and their own government, such that any tax liability would be hard to trace, and harder to prosecute. As you may know, in the U.S. they do KYC so they can send a 1099 each year to the IRS telling them what were your profits (or losses) for the year. And that's how the government knows how much to expect from you. To my knowledge, these offshore exchanges are not communicating, or cooperating with the U.S. to that extent. The purpose of offshore KYC efforts at this time, is simply to keep out US customers so they don't have to deal with the headache of the overreach efforts of our insane agencies. It's because they don't want to communicate or cooperate with our agencies. Me personally, to my knowledge (of the tax code) and belief (in my ability to read it and understand it), i am not liable for capital gains. Having driven us offshore, i certainly don't intend to volunteer it. Let them trace my transactions if they can, it doesn't legally matter to me.
Yes, if these accounts are the only accounts you can have at these exchanges, then yes, they would be tied up with this venture, and not much open for your use. So yes, this would need to be profitable. I certainly want to ramp this up as soon as possible, but im not yet fully automated, and need to verify that on-the-ground conditions of liquidity and fees do not upset what i would expect (a 1.65 profit factor on a 40% win rate). So i do plan to start small and cautiously. It could be awhile, a couple three months, before something seriously significant could be withdrawn from it. I was not really expecting to post this today till i saw the OP's inquiry. It would be better if you were able to establish additional accounts, if that were even possible. I did not think of this. I might be appealing to someone who doesn't normally trade much? I'll DM you about how often you are using these accounts right now. I need to make damn sure i fully grasp the leverage and limit order features before i get beyond a $30 test account. Anyway, this is what 1.69 profit factor looks like on a 41% win rate. The orange bottom line, on the top chart (series2), is what BTC did during this time. The yellow series3 is non-compounding and gray series4 is if profits were reinvested, which is what i call 1x. Looking here at about 20% theoretical over three weeks. it appears it could be flat for a good 90 trys, but appears to overcome it every 100 trys, with 400+ trys in a month, in this time frame. The Y axis on the left denotes PERCENTAGE. : As you can see, it looks like i could go even higher leverage before i get to a 50% drawdown. Maybe there is a glitch in my compounding formula?