I am sorry, but your partner wouldn't get a profit share if I let you trade MY money, (the agreement would be between you and me) so how is that good for him? Actually, if our agreement is better than his (better profitshare for you), there is a danger of I courting you away with a "no trading for others" clause. So that reasoning just doesn't fly....
I was just curious. I have a 'high flying' system on C2...going on 7 mos. I like locking doubters into time frames.
It depends on the agreement we make. The agreement would be between you and us, not just me. You would just add your investment into our trading account. Ie. we dont trade your account, nor do we trade your money any seperately.
I did a quick search, after 8 months I found only 14 high flying systems, and each one had horrendous equity curves. The DD was either huge, or the big gain happened months ago and since then not much. In short, I wouldn't back any of them....
Why would Backer #2 make a deal with Backer #1? What is the connection? Backer #2 is only interested in your talent, not in Backer #1's money....
Mine hasn't be there 8 months yet, so it wasn't in your 14. I said I'm going on 7 months. My curve is fine. Not martingale. DD 28%.
Hopefully it's ok to say. I didn't intend to have to 'defend' my system; only to lock in a time frame as I see so many people saying what is impossible for other people to do. CkNN Algo
@gkishot, here's the answer: @gkishot said: " Are you licensed to manage other people's money? How does it work? " Currently not, but we think about it, that we later maybe hire a licensed manager or so. But it's too early for this atm. My offer was just of a private kind, like between family and friends. Btw, we also researched forming a so called "investment club". It sounds interesting, but I think a normal company/firm in a tax-haven is IMO much better. And in these 2 threads we also discussed with many others solutions for saving/avoiding taxes: https://www.elitetrader.com/et/threads/best-country-for-trading-tax-efficiency.189932/ https://www.elitetrader.com/et/threads/trading-via-own-remote-company-in-a-no-tax-country.300833/
This is like watching a good tv show. Unfortunately it's not very suspenseful as I know how it will end. We will have a 5% selloff, OP will be margin called and lose 85% of his equity. He will either disappear or blame IB for being corrupt.