What service or solution to track performance and establish a track record?

Discussion in 'Professional Trading' started by Laissez Faire, Jul 23, 2021.

  1. easymon1

    easymon1

    Do you like the Reports that fundseeker provides?
    Could you "Roll your Own in excel?
    More importantly would a prospective client find them adaquate?

    Do you know anyone who has done what you want to do? Ask them what Reports were of Value to the process they survived.
    Do you have a list of ideal prospective customers in mind. (Would anyone who has done this before put you in contact with a few prospects?) Write it down, Contact a few. Ask Them what They want.

    Your broker might have more extensive data and Reports of interest. That would be worth an email query to them. Again, ask Them what They say prospective customers will want.

    Do you use an order execution platform? a charting platform? Those quarters might have all kinds of Reports of Interest. If you don't use either an execution platform or charts, then you can get ideas from the Reports generated by platforms that Do have them like sierra charts and ninja etc, and roll your own in excel. They can work in tendem with your Statements to get the conversation started with a prospective customer.
     
    #11     Jul 23, 2021
    Laissez Faire likes this.
  2. wmwmw

    wmwmw

    OP, you are not confident enough to put your own money to trade, yet you want to convince other people to give you money to trade?
    Usually things are other way around. Traders are very confident, but other people do not trust them.
    Convincing people is much more difficult than trading your own money. You will have to do more than winning money.
    People will look at your record to find if it is small drawdown, high sharp, equity curve need to be smoth. Leverage should be proper.
    Do you average down? Do you set stop for every trade? If you do all these things correct, you still need at least 6 months record.
    That still doesn't guarantee you to get funds. Because there are still tons of people doing same things correct. Only a small percentage of them can get funds.
     
    Last edited: Jul 24, 2021
    #12     Jul 24, 2021
  3. tiddlywinks

    tiddlywinks


    Good to know. Available with current broker too... hmmm

    Thank you.
     
    #13     Jul 24, 2021
  4. You made at least two erroneus assumptions here.
     
    #14     Jul 24, 2021
  5. virtusa

    virtusa

    That's normal on ET.
     
    #15     Jul 25, 2021
    Laissez Faire likes this.
  6. wmwmw

    wmwmw

    I copy this from your post:
    "As I found myself in a life situation where I didn't want to risk my own capital, but at the same time wanted to stay in the game and practice, I decided to actually try my luck with OneUp / MES Capital a few weeks ago."
    https://www.elitetrader.com/et/thre...ese-get-funded-programs-is-a-bad-idea.360334/

    Now explain to people that you are looking for a way to establish track record, but not looking for funding.
     
    Last edited: Jul 25, 2021
    #16     Jul 25, 2021
  7. You'd be better off sticking with facts and not making assumptions. :)

    Where in this or the other thread you reference did I say anything about not trading my own capital? Did I not explicitly state in that other thread that I will be going back to trading my own capital exclusively? Something I've done for years already?

    Did I also not state in this thread that I'm interested in establishing a track record first and foremost for personal use?

    Maybe I simply want it for bragging on ET or show it to my mother. :)
     
    #17     Jul 25, 2021
  8. wmwmw

    wmwmw

    Are you blind?
    Where? I have already posted the link.

    I think you have problem with your mind.
    I have no interest talking further with someone with mental problem.
    And if I see you post to me again you will be put on my ignore .
     
    Last edited: Jul 25, 2021
    #18     Jul 25, 2021
  9. You obviously have poor reading comprehension and possibly other issues, too. :)
     
    Last edited: Jul 25, 2021
    #19     Jul 25, 2021