So, I am looking to be a "Career Trader." I am already, in some sense, only Id like to be in it for myself. I am thinking of taking a job tutoring standardized testing from 2-10pm, grabbing dinner and getting back to the capitans chair to trade fx on end asia/london open 3 or 4 nights a week. This job will cover my expenses as I develop a track record. Where I work now prevents me from trading. I will continue to have no life and drink heavily on weekends to make up. Hopefully I can capture some the imaginary gains I am making telling my coworkers "ok Im long at 60, add 50% to the position at 90, stop at 35 and Ill call my limit over the figure." Ive made millions ... in my imagination .. . and I dont cheat I take losses. I know of some firms who will give you a little capital at the 3 month mark, and I have some interested parties who would give me small sums to manage who I will call on once I have some auditible results. When exactly will I have a long enough track record to be taken seriously outside of friends and family? I wouldnt need a billion bucks, in fact I might not even want more than a couple million, so I wont be pitching to Goldman or anything. But now I am imagining quality problems I dont have yet... Also, feel free to let me know if I am being an idiot with this tutor idea. It seems reasonable to me but maybe Im missing something. The only pitfall I see would involve working with high school aged girls so much. Does anyone have experience doing this?
so there is no standard length of track record that is considered respectable? I mean, a 2 month record would make you look like a clown, though I have seen people raise money with extremely unsophisticated investors with less, and they were clowns. Is there any industry standard for when you are no longer a clown? I know I just set myself up here lol...