Why is it that they are so bad and still get funding, while I'm one of the best yet no lines queuing up?
Because they know how to sell, and you don't. Spend a few days thinking about how your stuff comes across to other people. You need to present something convincing and easy to understand. I've looked at your thread, and immediately decided that it's not worth my time. Where is the equity curve? Where are your years worth of brokerage statements? What are these predictions even based on? You won't give even the most basic description of what factors you are looking at? You seriously expect people to cross reference your entry/exit calls with historical data and calculate if you were profitable? That's nuts. Wayyyyyyyyyyy too much work. Even if I wanted to invest, how does that work? I should PM you on elitetrader? Where is your website? Where is your company?
- Straight line up -I have some statements. I posted one -Based on levels; I showed that in page 1 -All entry and exits called live. It'd need just a few to check to show it was all legit. -Good point. C2 coming soon.
You wonder why people don't find you convincing, and then when I try to explain the reason, your response is to argue all my points. This makes sense actually. In your mind, you are already doing everything right, and this is why you are confused by your lack of success.. C2 could be a way to build a track record, but it's not a good way to make money. Assuming you are legit, you will want a setup where you can just trade borrowed money, or at least get a fat profit share.
I meant that I tried to show my reasoning. I don't know what I was doing wrong because I had addressed those points so I thought there must have been something more. For example, I keep making long strings of wins and only an occasional small loss, hence straight line up. You have plenty of posts here so you know they can't be edited or deleted after a certain time- that's why I did it like that. Yeah I wanted to use borrowed money or a profit share: https://www.elitetrader.com/et/threads/getting-funding-for-trading.356285/ After talking to the people there, the problem was that they did not accept my (unedited with live entry and exit calls) spreadsheet of live trades even with statement. Borrowing for trading was also a no. Prop shops take initial fees and then only allow a tiny portion of the account to trade with. A friend agreed to let me trade with his rather large account but only after he closed his stocks at breakeven... the drop hasn't allowed that.
Honestly, I think prop could be a great option for you if you are as good as you claim to be. A "straight line up" equity curve sounds like it can withstand quite a bit of leverage. Not sure what you are talking about with initial fees or only trading a tiny portion of the account. There are lots out there which are basically just letting you trade your own money with a lot of leverage, e.g. stocktrading.com. Then once you have $100K you can just get a PM account with lightspeed or IB.
Thanks, I'll look into it. I went up over 100% (posted this in another thread, I have the 43 other pages to prove each trade but can take a while to post because of editing the personal info) trading more aggressively with options but with stocks, its just easy mode for me. I could use lots of leverage but its easier to use only 2x account value per trade imo, less stress.
Not 2x under current market conditions though, but less than that. As volatility increases, leverage should be reduced. I meant under low vol conditions.
Because like any business, hedge funds with kickass marketing teams can survive very long periods, as long as investment performance isn't too noticeably bad.
The 10,000 hours rule has been expanded into entirely inappropriate contexts and subjects where its use has been severely discredited. Where the 10,000hrs rule is correct is the time needed to bring an average person from picking up a musical instrument to becoming an international concert performer. This may be true enough but no realistically minded trader thinks they will one day become an internationally renowned and fabulously wealthy person through trading. We do not need to become wealthy and famous, just profitable. A consistently profitable trading system should be achievable within about 2 weeks.