Before I ask my question, a little background about myself. I'm a graduate student enrolled in a clinical psychology doctoral as well as an MBA program. I plan to hit the ground running trading the markets after graduating (sole-prop). I will primarily trade a handful of Nasdaq stocks with a scalping/daytrading style. To raise sufficient capital, I have two colleagues (their pretty loaded financially) that are willing to drop some money in my hands to put to good use. They said that they'd give me 20 grand a piece and informed me that if I make it happen for them great, if I lose it all, ah shit it, that's life. I'm thinking that I will offer them some kind of incentive for giving their money to an inexperienced trader. Something along the lines of giving them 100% of the net profit after tax for 6 months based on their share of my trading account and then take a 15% cut of their share of the money for managing their money after the six months. Does this sound about right or am I dreaming?