Hi I have been backtesting a strategy for years and I want to start offering an individual in particular that I already know my services to manage their portfolio (buying and sellings stocks for him). The idea is that this prospect of mine will open an Interactive Broker account and will grant me access via windows remote desktop of Friends & Family account. Im starting to study CFA Level I, but I will need 3-4 years until I become chartered and would love to have a chance to show this person what Im capable of meanwhile. Im from Spain and my clients are from Mexico. Ive been asking to the Mexican regulator about requisites for this but nobody has answered me yet. Here, the Spanish regulator offers a expert course for Financial Advisor and Asset Management but is only for clients or regulated vehicles from Europe. Do you know the requisites and limits for IB friends and family account and what would be the quickest/easiest way to manage this clients portfolio legally? Have a nice sunday
I have been backtesting a strategy for years ... Would love to have a chance to show this person what Im capable ... Show backtest results
Thanks, Sekiyo. My tests are done in a paper account but nonetheless, what I was trying to say was that I would love to have a chance to show this person what Im capable of with his money...
op i'm being honest and not mean when i say cfa is shit route. the world is full of cfa's that don't don't know shit. you would just be another monkey jumping thru hoops like all the others who are doing nothing with their life. the way you make it in this business is "making fucking money" you do that and you have made it. no frivolous cfa shit gonna do that. it's simple making money gives you all the credibility you will ever need, but then actually you will not need any credibility if you make enuff money - you won't care what people think.
I share your point of view but here in EU, you must have some financial degree/background/experience for the regulators to let you run an investment fund. Ive been asking a lot and maybe in Malta the let me do it without this background. Anyway, at first, I will be investing my money and some relatives. Have a great weekend
Тестирование на бумажном счете и хорошие результаты на бумажном счете — это, конечно, здорово. Но это то же самое, что работать над боксерской грушей в боксерском зале, все получается так хорошо! Но когда выходишь на ринг для настоящего боя, все другое, психология другая и все твои ненужные привычки сразу же вылезут наружу и будут мешать тебе делать правильно. Так вот, во-первых, тебе не нужен диплом или степень бакалавра, чтобы управлять активами людей, которые доверят тебе свои деньги, тебе нужен прибыльный отчет за 1,5-2 года, чтобы начать с управления реальными деньгами. Правильную психологию на бумаге не создашь.Good luck and good luck to you!
The world is full of people with excellent diplomas and stacks of certificates. But obtaining any diploma requires studying certain standards that have already been created before you. In the financial market, you will have to create your own profitable psychological and investment standard. And this is a completely different way of thinking, going beyond the ordinary thinking of a person. This is possible only in working with real money, you will be able to compare your paper results and the results of real trading and understand everything. Your best diploma, as a trader, investor, asset manager, is your statement, for example, 40-50% annual profit. All the best!
I have been backtesting a strategy for years... Tell me if I'm wrong...Is that one of the most dangerous phrases in the industry??
Hello. I don't think that the phrase "I'm wrong" is the most dangerous in the industry. Mistakes are good, mistakes teach us, A person makes mistakes, draws conclusions from the mistake and moves on to solving his problem. You wrote that I spent years on the trial and error method, testing my strategy, don't give up and throw out all your doubts Which prevent you from going to your goal, the solution really is in historical data, but this path, this path, The path of obsession, madness, fanaticism, pain and love to solve the mysteries of complex systems. And since you do this, you are already a little genius, and maybe even a big genius I know this path, because I am like that myself. Don't give up and everything will work out for you. If not obsessed and crazy people in our world, who created A lot of useful things for humanity, then where would this world be. Don't give up. All the best, peace and goodness!