I've been trading for the past five years and I have solid track record in cryptocurrencies, stocks, and ETFs. Many prop firms as of late either don't trade crypto or are pushing for Quant Traders (even bucket shops, as unbelievable as it may sound). It seems the only way to go forward is to borrow money. What can I do to achieve this goal? I see only two ways at the moment: 1. Approach someone for a private loan to pay off my credit cards. 2. Set up a real estate investment company. Any other grey areas I should be aware of?
Why with a SOLID TRACK RECORD would you possibly need to approach someone for a private loan?? So you could scale up and take more risk? Just use the money from your proven track record to keep reinvesting your own money. Problem solved.
If this is true, why do you need to borrow money to do it now? Isn't borrowing money for one purpose and then using it for another considered a form of financial fraud? I guess that is a grey area to consider.
With consumer loan/credit, you can buy a,full bag of horse/dragon dildos and noone would care. (at least in EU) Only that you pay back & on time. Other than that, best of luck to you.
If you have to come up with a seemingly fraudulent way to get more money in order to gamble you have a problem and should seek help.
When you say "Quant Traders", what exactly do you mean here? When I hear 'Quant' I think Ph.D and/or MFE. Is this what you mean?
I'll hook you up with Sergei from Novosibirsk, he'll help you out, don't let the scars on his face distract you. No problem if you can't pay back, by no problem I mean you won't have any problems ever again.
With that, I think you mean Jane Street. I mean even low level firms are looking for people with a Bachelor's degree and know how to trade algorithmically along with programming: big distinction.