Legal Question Regarding Trading Other People's Money

It's 20% APR - if you can't out perform that you shouldn't be trading.

 

the funny thing is:
many managers with 5+ years track records blow the accounts every year.

with OPM you HAVE to be great at marketing.
trading is not important, not even a bit.
marketing , contacts is ALL that matters.

if you don't have it, just trade for yourself.

 

=> If your fund manager has a marketing department, then you are not a very good investor.

 

Common sense maybe but its a pussy mindset to have. Yeah go join the other sheep till you build a trading stake. Real pros have confidence in their abilities thus it only makes sense to borrow as much now in order to get ahead quickly.

Also feng1234 its not 20% monthly credit card interest, its 20 % yearly. You can easily find 3 or 4 department stores /supermarkets that will give you their credit card and a 3k limit. That's the easiest place to start, your not very open minded with raising capital and I suggest you be. Already you have the attitude that nobodys gonna lend u shit so why bother.

 

Disagree. I won't name firms but piggybacking off the top consistent earners is common practice at money up props.

 

then get a real f'ing job for a few years and earn it and then put it at risk. do all young people think like you these days

 

Bingo! MSFT doesn't make the best OS but they are Marketing Champions. Same goes for trading OPM. You can be an average trader but if you're top shelf at marketing yourself you'll be very successful.

 

You are way too small to even be a gnat on the radar. I'd worry about those things when you are trading 7 and 8 figure $.

 

I borrowed $25k from family in 1985. That started a career that lasted 25 years of profitable trading that supported my family very nicely. If you believe in yourself, and have a solid business plan, I say do what you have to in order to succeed. Just have realistic expectations for you and your investors....good luck

 

Haha

That is exactly what lead America to the terrible economic situation it is in.
It amazes me how the US government won't let you drive with a broken glas but THREE years after the 2008 crisis it still allows individuals to over-leverage to hell.

To OP, make sure you keep your personal financial situation healthier than Americas...

Ninna