I have finally come to a conclusion that is much more realistic to live off trading not by growing your own small account organically but to trade other people's money, scaling up this way. I want to build a track record of trading a $25k nominal account ($12.5k notional, I.e. actual funds) demonstrating approx. 5% net monthly return (about 50-60 % annual) with no more than 10% drawdowns. I believe the drawdowns are much more important than returns for nearly all investors. I want to use the Echo Trading feature at RJO to get the first investors. They have 80k accounts, average account is $40k-50k. If only 1 in a 1,000 decides to invest I have 80 x $40k = $3.2M AUM. No CTA registration required. Do you think it is better to go this way than the usual high-risk -> large drawdown -> blow-up route? How long a track record do I need?