Getting Funding for Trading?

Discussion in 'Trading' started by stockpredictor, Feb 20, 2021.

  1. themickey

    themickey

    My suggestion, bang out as many trades as is possible, compound your winnings into more or larger trades, it takes times, but if your system is as good as you say, shouldn't take too long.
    Being patient, it's part of the learning curve.
    Lacking social skills shouldn't affect your trading and going it alone without borrowed or leveraged money is safer, also less complicated.
     
    #11     Feb 21, 2021
  2. newwurldmn

    newwurldmn

    Payday loans and credit card advances.

    if your system is as good as you claim (one of the best in the world), the interest rates won’t really affect you.
     
    #12     Feb 21, 2021
  3. wmwmw

    wmwmw

    As a rule of thumb, anyone posting trading journal on web is far from consistency.
    One who did reach consistency has no desire or incentive to post .

    Some journals are simply fraud.
     
    Last edited: Feb 21, 2021
    #13     Feb 21, 2021
    rb7, jl1575 and El Trado like this.
  4. Most of us that are trading successfully either grew our accounts through hard work grinding it out trading, or working full time and added to the account over time.

    I took $50k to practically 0, and then back up to well over six figures all while working odd hours at my real job for years and adding to my account. Nobody is going to stake you while u scalp for pennies with 1 or 2 shares of stock. Grow some balls, handpick a few good daytrades, and 2-4x leverage you entire account on 1 or 2 day trades so you are taking in a few hundred a day.

    You need to be smart. Your goal is to multiple your 5 figure account as fast as possible. if you claim to have the worlds best strategy, then you're smart enough to 5x your account.
     
    #14     Feb 21, 2021
  5. wrbtrader

    wrbtrader

    Yeah, the bank should have looked at you as if you were crazy.

    Therefore, slowly grow your 5k account if your trading is as good as you say it is. You'll be in a better situation in 1 - 3 years when you reach that 300k - 500k area.

    Never trade with loaned money, credit card advances and such...it's a Pandemic...not a good financial environment to be trading with loaned money that's gathering interest too.

    The only other option is to get a job and continue saving your income to help growing your trading account faster. In fact, I notice you didn't even mention these options...not a good perspective about your system.

    wrbtrader
     
    #15     Feb 21, 2021
    VPhantom and comagnum like this.
  6. qlai

    qlai

    Sounds like YOLO trading system. That’s not what people look to invest in.
     
    #16     Feb 21, 2021
    ironchef and taowave like this.
  7. wmwmw

    wmwmw


    You can go to C2 to show your trading record.Besides, if you are really good as you claim, there could be a few hundred followers who will pay you $200 a month.

    https://trade.collective2.com/

    I saw a guy in this site claiming 100% profit per month, and he set up a sim account at C2,only to show his account blown up in a week, then set up a second and third, to blow up again and again.

    A trading result by mouth is not something people can trust.
     
    Last edited: Feb 21, 2021
    #17     Feb 21, 2021
    guru likes this.
  8. tsznecki

    tsznecki

    I will share my experience having gone down this route several years ago.

    1)You need to have managed 7 figs and up to get any serious looks at yourself. Funds want to be investing in a manager that can scale.

    2)Nobody cares if you made 1000% gains in a few months. In fact, this will work against you. Institutions want slow and steady. What's your Sharpe and Sortino? If you can't answer in 5 seconds you are not ready.

    3)The more legit the process, the more looks you will get. Consider an incubator fund, I think it's 20K or so. Your trade statements from Robinhood aren't going to cut it.

    4)Learn to get social skill. This is probably the most crucial part of the whole process. Introductions and connections are 90%+ of the process to get funded.

    To sum up your likely traditional options are: 1)Go prop
    2)Find a rich relative or friend that can seed you
    3)Keep trading your system yourself

    Otherwise you will need a few more years before you raise capital. Good luck.

    Other posters have touched upon non traditional methods.
     
    #18     Feb 21, 2021
    ITM_Latino, VPhantom and qlai like this.
  9. Nobert

    Nobert

    Last time i called my bank with a basic trading question, i had to speak with 3 different women (A question was, do they offer limit orders...).

    They had to connect me dirrectly with bank's brokers department & i had some laugh with a female who had a sexy voice.
    (Or the talk about numbers/intelligence, made it appear so)

    Puts into perspective of how much a bank assitant knows.
    Their job is to sell you insurance package & some pension plan, not to analize a trading strategy.

    Speaking with wrong person. Besides if it's that good, - you shouldmake it by yourself or you're lacking the patience.
     
    #19     Feb 21, 2021
  10. wmwmw

    wmwmw

    If I have a 5 figures account and I can make 100% per month, my account will grow to 10 figures in a year and I don't even need funding from other people.
    I will be the most wealthy person in this world in 2 years.
     
    Last edited: Feb 21, 2021
    #20     Feb 21, 2021
    Vindago, Lou Friedman, rb7 and 4 others like this.