Hi all! I trade GC, SI, ES, NQ primarily. My max stop losses per contract: GC = 300 SI = 500 ES = 250 NQ = 250 My max drowdawn 3k (max account loss). Margins + risk = 12.5k per contract. The results of last 2.5 months (DEMO) I started trade 1 contract, earned $6k and now I trade 2 contracts. My main goal now is to maintain max drowdawn $3k per contract.
I agree. If you're truly, really good...then you don't need investors/partners etc. -- you can grow your small measly account into a large one on your own. The power of Compounding is explosive. In Limitless 2011 movie, Eddie Morra/Bradley Cooper...wouldn't have had no problems...had he not took on a loan shark early on in his trading career.
Guys, we live in real world, where cooperation brings more effective results... Individuals can't achieve significant results without team of supporters... How about AAPL-startup in 1976 and others? I'm from Kiev, Ukraine. My trade opportunities isn't enough to start right now and in next 18 month. Moreover, the hero of Limitless 2011 movie was said by big boss that he wants to become the best without paying significant price for that!
there are legit options. but without knowing about your strategy, we all can just guess. is your trading mechanical or discretionary? intraday or overnight? however if you are just fishing for money - what it looks like to me right now - you will have a hard time finding people that will wire you their funds. too many tried already. people got careful. fishing for those people is not called trading, it's called "internet marketing" and you should not market on EliteTrader, rather build a fancy website, promise funders a 300% return in 3 months and then grab as much money as you can an run.
I'm a discretionary trader. I'm developing own software risk-management system. My trading is consist of contr-trend trades mostly. But the fundamental of profit is mathematics and simple risk-management...
Current results for this moment If you maintain your profit factor at 2.0-2.5 and percent of profitable trades >40 financial markets brings you some money. You can easily trade 10-15 futures contracts at 1 instrument and earned profits allows you to be a strong middle class. I check this statement via trading 150k account.
That's how Risk per trade 3k on 150k account which is only 2%. There is some slippages while trading 7-15 contracts (GC, SI, ES, NQ) what makes the results a bit worse.