I do 25% per week, actually in a few hours so £0.00 for me!!! I'd need 100K GBP to barely make a full time living at 15%. I'm kinda 98K short of that.
Isn't this revealing their strategies? Why would a trader want to reveal their strategy only to risk having the someone stealing it?
Basic detail not the data set or values that make it unique. No one will invest or put up money without know what they are risking their money on.
I reckon when they request for trading statements / P&L statements, you will mask off some details. But how does one get audited without revealing the trades and statements?
Sorry Bob, I was not talking about myself at all.I would never do that here, of all places lol.It was purely hypothetical.
Not saying that the 25% is guaranteed.Just saying that from previous peformance that would be a good ballpark figure.No PL can ever be guaranteed.
No investor with any common sense would risk trusting someone to manage his money until the manager has a proven track record. That is, "long enough resuts with big enough money". That includes independent audits. I have personal experience here. Trust me on this.
In my experiance, individual investors will accept a verifiable track record backed by monthly statements. Any allocator that is a fiduciary for others (Fund of fund, family office, etc) , will require a longer track record and an independent audit. The exception would be funds that focus on seed capital for a part ownership in the GP. They have a more entrepreneurial process and some will look at just back testing if the trader has a unique data set or process that fills a bucket they are looking to invest in. Bob