I am experienced futures trader, trading mainly oil futures on nymex (spreads as well as futures). Have a good reputation and track record. Have tried out numerous strategies over the past 3-4 years to try and see which one works out and why. Have made money over every instrument i have traded (equities currencies, oil). Also have been the best trader at every pit i have traded. I believe i have come up with quite a good strategy (based on PA) for the oil markets. Need a good pit to prove it!. I am confident of this being the best strategy i have tried out so far. Looking to join a pit in India(Preferred,but country is no bar to my call). Initial investment would only be in the order of 30k USD or so. Please do recommend a good firm/pit where i can join and prove this strategy. PM me if youre interested.
OK, is there something in the drinking water or is this part of some weird end of year changeover at ET where we ring out the old crazies and bring in the new ones. I swear some of the posts on this board in the last week have me double checking the URL address. Son, what the hell are you talking about?
I thought the post was quite clear. Do apologise if it isnt. I am looking for a proprietary trading firm , or someone willing to bet money on a Price Action based strategy. Thanks
I have tried putting my own money on the line, but it was psychologically much harder to trade when compared to trading the firm's money. I managed to break even in around 10 months. For the same time period , trading firm's money(previously) i had generated a handsome profit .( with a worse off strategy) Just to be curious, do most people here trade their own money? Frankly i do not believe its possible to make a career out of trading putting your own money on the line(rare exceptions, survivorship bias). Also, i am not looking for a short stint, but for a long term career. Hence, i want to trade on some one else's money. Thanks for the input anyways PS: pls do not litter or flame
I did misread your post...apparently you are looking for someone else to make a 30k investment, I understood that you were looking to invest 30k in a prop firm. Anyway, the point is not what can one do for you, its what you can do for the firm, Topstep trader gives people a chance to pass a skills test and then they back you. Only 500 bucks or something like that.
Let me see if I get this: 1) You don't want to put any skin in the game; 2) you want a firm/backer to put up 30K to prove your strategy; 3) and the reason you want it done this way is that risking your own money makes you too nervous. Is that a reasonable recap of the basic deal?
If yes, this deal is complete crap I mean, if his strategy is so good, why doesn't he invest 100k by himself? Even for me, as a small retailer, it is no Problem to invest 30k if the strategy is good. If you can't handle the pressure, you should not trade at all
Let me see if I get this: 1) You don't want to put any skin in the game; 2) you want a firm/backer to put up 30K to prove your strategy; 3) and the reason you want it done this way is that risking your own money makes you too nervous. Is that a reasonable recap of the basic deal? More or less, this is the reason why most top traders, dont trade their own money. Also why prop firms exists. It significantly impacts trade execution. I would be showing my statements/records for my past strategies which i have said made significant returns(for a firm).This one is a notch better. I might even try investing my own money, but 30k USD would be a bit of a stretch for me here in India atm. I don't want to get into a situation where i have put desperate money at stake, since having done it in the past ( i still got out at better than break even), i know the returns are significantly affected. Also the legalities of doing such a thing from India are a bit complex. It would be a lot easier if someone were to open an account and appoint me as account/trade manager. The next logical thing would be to try and make an algorithm, but that might be years in the making.( No issues ) ps: have you people ever worked at a prop firm/hedge fund? or do you trade your own accounts, just curious. Mostly its the latter i guess?