Hmmmmm, that is a tough one. If you can't play golf... Wait, I know -- post your solicitations here on ET, which is full of accredited investors eager to give an unknown quantity like you a shot at the main chance. Your probability of sales success will be inversely proportional to the IQ of your prospects, so I suggest you approach your blood relatives first.
Dear Emilio, You must not have read what I posted. This is not an ad soliciting funds, merely suggestions. For you to assume that, well, we all know about people who make ASSumptions. To the person who suggested the list broker, boat owners etc, THANK YOU! Why arent more Forum people like OLDTRADER and totalkeops? This is why i quit Facebook, a bunch of arrogant monkeys who know how to type keep inciting sh*t. I appreciate the answers you gentlemen have offered, especially about CPA's. I am a one man show as I have learned in my young life that doing business with a "partner" is usually a catastrophe waiting to happen. A track record showing explosive growth is my best bet along with my series 3. As far as a CFA goes, im considering it for after I hit thirty. As of right now I would like to focus on my explosive growth strategies that have been working so far. Money talks. An audited track record should do the trick. Also, I would not be soliciting funds greater than perhaps 20k per investor. Why? Trading is a numbers, specifically PERCENTAGE game. If you cant return 7% on 10k or 100k, what makes you think you can do more on 1million? A lot of older traders tell me that it gets harder the bigger you grow. I doubt that and hope to prove them wrong. Why? It makes no mathematical sense. If I can pay rent trading and selling smart puts or calls and hit my strikes at ten contracts, imagine what I can do hitting 100 contracts on options and constantly trading 20 plus contracts on Futures. I hate stocks. BLAH! Tying up all that capital when return on investments could be much higher on different financial instruments. DISGUSTING! I guess the overall theme is patience. I still have a lot to learn and look forward to reading "Bollinger on Bollinger". Thanks Guys!
Are you an idiot? I guess so. Why would you insult a young man who is trying to make something of himself while making others wealthier? How do you know anything about my blood relatives? I could suggest the rat nest you came out of must of have been rather putrid for you to be so hateful and full of assumptions on the internet. You REAALLY did not have anything better to do at 10pm? Maybe go get some sleep and stop hating. If you didnt have anything positive to add to this forum why bother? Usually I wouldnt respond to cretins like you but its rather annoying for you to assume anything about my relatives. Doing business with family is something only a PENDEJO like you might suggest. It is obvious you have no real quantifiable experience because anyone who has traded with family knows about the incessant phone calls, gossip and sometimes sabotage that comes along with it. If your family is above that, then go tend to them instead of posting angry and bitter trash to someone you dont even know.
wolfab, just out of curiosity, you're running this yourself, right? Have you considered going to work in the biz, say for an HF, IB, prop shop or some other org of this sort? Apart from potentially gaining valuable experience (which also looks good on paper), you might discover investors among the more senior colleagues and other people in the industry you will come in contact with...
Thanks Martinhoul. Actually, I have worked at a prop shop. Its where I was introduced into this marvelous world via a Dominican school mate. Unfortunately I left the City of New York and moved west to NJ. Since I prefer Futures/Forex/Options a Stock trading firm would not benefit other than the contacts I have already made. I have only heard of ONE, yes, ONE prop trader that actually lets you trade futures and thats in Upstate NY. Talk about massive leverage. I think thats an invite to wiping out rather quickly. Using the futures leverage is dangerous enough, imagine then multiplying that by 20 or more! Again, Thanks for the suggestion. I am only 2 years deep in Trading experience and appreciate all the kind help strangers like you are giving me. Goes to show not all humans are useless turds! Ha. I love working alone but it is rather boring. I may return to a prop shop if I cannot fund my business over the next 2 years. Going the way of a prop shop is a fantastic way to earn a series 7 as well as getting trade ideas from actual investors. Again, thanks for your insight! **************************************** On a side note. One thing I hate is the close-minded morons who run prop shops and only look for engineers and physics phds. Since when do you need a phd to read a stock or futures chart? Wired once had an article detailing that Wall Street needed highly intelligent (on paper) people to confuse and obfuscate the trading of fraudulent contracts. Makes sense to me as most College professors (phd people) are frauds themselves. Dennis once said that he would rather bet on the guy with less capital than the arrogant Ivy leaguer with endless funds. I see it all the time. Most of the best, young traders I met while at a prop shop were older dudes who paid dues and the younger kids from public colleges. All the Ivy leaguers moved on to brokerages at the elites or shops that pay salary. For me, if you have to take a salary, wonderful for you. However, what does it say about your trading skill and confidence if you are not willing to bet on yourself? I get angry at places like Jane Street Capital and Chimera who only take Ivy. That is such poop. If Ivy Leaguers are soooo much better than us poor simpletons, why are they always prone to evil, fraud, treason, sabotage only to get exposed later? Most of the people who have run this country and their own currency into the ground are Ivy. If I ran my own shop, I would never hire these nitwits. Book smarts NEVER translate as trading in the zone, at least in my experience is when you simplify your trading and use smart risk strategies. Trading well is simple, its controlling the self that is hard. The rules are already written and available for free or in most awesome trading books. Its controlling the human impulse and following the rules thats harder. I do not see the need for pieces of paper to project false images when no phd can buy self control and intelligent analysis. The more complex a person's trading strategy, the harder and less likely a setup. Support and Resistance with a few indicators is enough for me along with tight risk management. Oh well, I will spare you more rants of why paper intelligence is irrelevant to pressing buy/sell when a trade setup occurs. One can safely interpret a setup occurring without a Phd.
Fly first class and learn how to play golf, join the best country club you can afford to join. I'm not joking.
Thanks Brandon. Im working on my game. I started by learning how to drive. Im 6'5 and can only drive about 185 yards... I can fly first class. It would be funny to fly back and forth with biz card handy. HA! Just joking. Thanks again.
Because not everyone here want to give you "advise" that'll lend you in hot waters with the regulatory agencies. There's a classic case in securities reg where some bozo did exactly that - he cold called every doctor out of a yellow pages. Guess what - the judge ruled that it's not allowed and he got slapped down pretty hard. Doing the same with boat-length or whatnot is the same;
You will have a difficult time attracting money from ANY source until your track record is long enough and strong enough and done with enough money. If you don't have much money to trade, work on the "long enough" and "strong enough"... There likely isn't anything you can to to hurry this process until your track record is impressive... and of course, your performance will need to stand up to an audit, so be truthful (don't exaggerate) and keep records.