Where to find investors?

TakeIt posted:

myfirstmillion posted:

We have a fixed income plus some bonus if we get our budgets. We don't share profits.
We have guide line to follow on max DD (daily, weekly, monthly and yearly). We cannot break this rule or we have to stop trading.
For example if I have a monthly max dd of 5%, if at 10th of the month I reach this level, I have to close or hedge positions till the next month.

Thank you very much for sharing 😄

myfirstmillion posted:

TakeIt posted:

Why you decided to have an extra income by opening a PAMM account?
As a professional trader in a hedge fund, is it not enough for you?
Are you only paid a small portion from what you earn in a hedge fund, so you think that a PAMM account was more profitable?

Hi, I cannot complain with my income (let's say more that 50k yearly). Working for an Hedge fund is not so rewarding as working in retail world. If I make a record performance, nobody makes me compliment, if I loose.. nobody complain.
For me the retail client is a true challenge.
As I said if my PAMMs won't reach 1M$ I will stop this job in 2016. My target is:
1M$ to trade (5% average monthly profit) = 50.000k * 30% (my commission)=15k $ monthly (less 30% taxes...10k$).
This is my target. Let's see. I've just started, I think that i will see some results in 4/5 months since now

Igo1 posted:

myfirstmillion posted:

TakeIt posted:

Why you decided to have an extra income by opening a PAMM account?
As a professional trader in a hedge fund, is it not enough for you?
Are you only paid a small portion from what you earn in a hedge fund, so you think that a PAMM account was more profitable?

Hi, I cannot complain with my income (let's say more that 50k yearly). Working for an Hedge fund is not so rewarding as working in retail world. If I make a record performance, nobody makes me compliment, if I loose.. nobody complain.
For me the retail client is a true challenge.
As I said if my PAMMs won't reach 1M$ I will stop this job in 2016. My target is:
1M$ to trade (5% average monthly profit) = 50.000k * 30% (my commission)=15k $ monthly (less 30% taxes...10k$).
This is my target. Let's see. I've just started, I think that i will see some results in 4/5 months since now

Thats interesting.....just as you share your income scheme i cannot resist to ask:
You are working for a hedge fund as a trader since 2004 and you receive 50k $ + fix with small budget bonus.
That sounds more like a trading company structure or just a prop unit of a diversified hedge fund.
I have to admit I never heard of such a reward scheme before.

From my experience if you was able to achieve even much lower returns than this 5% a month for the last 10 years you can definitely make much more money working for a hedge fund and have little difficulties to get a job there or attract enough money to start your own shop.

Did you consider to try this step? Would be a natural development.

myfirstmillion posted:


Fixed income plus bonus is the standard for hedge fund traders. We are more than 20 traders with the same contract here.
The main job for an hedge fund is not trading... this is the last part. The main job is to write and approve all:
- the offering memorandum
- presentation
- subscription form
- offering supplement
- institutional report
- comunications to bank circuit (bloomberg and so on)
- keep all aspet of the regulation
- find agents and attract capitals

If you have some experience in an hedge fund you should know that the 'backoffice' is the main and more difficult job, trading is very the last thing that an hedge fund manager has to think.
So I will never start my own fund, it's not possible for my view of life.
I want to be free to go on holiday when I feel, I want to sleep at night as a little angel!
I've never said that my income is 50k, I said 'more than 50k $', I think that it's not polite to write the exact sum here.

Igo1 posted:
After 10 years in the industry and the same place a successful trader has only one job, making money within the boundaries of his limits. Limits reflect the regulation and internal requirements. I have to admit, at least in the part of the industry I know. Nice difference to banks or reatail shops, btw. I have no experience in prop trading corp structures. Just always believed that it is good for people to test their strategies in a real worl environment or as a transition from bank trader to prop trader. Of course I might be wrong here.

Igo1 posted:
But that does not really matter, it is your money but you do not want to start your own fund but you want to take retail money :-) mate... I guess you sleep worse for less money , but thats fine after all it is your sleep.

Igo1 posted:
Finally, i am really only trying to understand how your part of the industry is working, I do not have any money to invest nor am I trying to sell anything to anybody here. So there is only personal interest, thats all.

Igo1 posted:

travind posted:
I want to become an investor! Where I can find a good manager? 😁😁

That just depends on your definition of 'good'.

myfirstmillion posted:

Igo1 posted:
Finally, i am really only trying to understand how your part of the industry is working, I do not have any money to invest nor am I trying to sell anything to anybody here. So there is only personal interest, thats all.

In fact it is not possible, but this is a problem of mine!

travind posted:

Igo1 posted:

travind posted:
I want to become an investor! Where I can find a good manager? 😁😁

That just depends on your definition of 'good'.

I think the definition is only one - person who will make a huge profit for me :)

pmjn87 posted:
I'm currently unemployed and trading daily with my own money which is not a lot. I can make 2-5% profit on a monthly average. I'm not yet ready to get any investor investing on me but in the future that would be good step further.

travind posted:
I want to become an investor! Where I can find a good manager? 😁😁

ysam1991 posted:
Investors can't find managers, managers can't find investors... lol)

Igo1 posted:
From my experience if you was able to achieve even much lower returns than this 5% a month for the last 10 years you can definitely make much more money working for a hedge fund and have little difficulties to get a job there or attract enough money to start your own shop.

Did you consider to try this step? Would be a natural development.

myfirstmillion posted:
If you have some experience in an hedge fund you should know that the 'backoffice' is the main and more difficult job, trading is very the last thing that an hedge fund manager has to think.
So I will never start my own fund, it's not possible for my view of life.
I want to be free to go on holiday when I feel, I want to sleep at night as a little angel!

TakeIt posted:
......
So, how if we develop a collaboration between us?
A collaboration that can give what each traders and investors want.
For traders, we give them a freedom to trade every where or every time as they want.
For investors, we give them a security and safety of their fund.

For manage this collaboration, we need a management team that can protect every body.
For long term collaboration, we need some strict rules to be followed in trading, like maximum drawdown, trading track record, minimum average monthly gain, etc.

All of this rules must be applied for the benefit of all of us.

I have tried to describe all of these in https://globalprosperityam.blogspot.com.

Very happy if you could give some advices.
Thank you.

DFFXFUND posted:
Im an investor. traders who can provide track record please email me [email protected]

Igo1 posted:
I guess there might little need to establish some sort of collaboration rules. A fund/trader regulated under US/EU rules has to follow extensive investor protective rules.
There is some advantage of regulated investment companies. A track record is slightly less important because nobody with little or small experience will ever receive a permission to trade assets of other investors.

Thats not a guarantee but at least a small protection btw. not only for the investor.

TakeIt posted:

Igo1 posted:
I guess there might little need to establish some sort of collaboration rules. A fund/trader regulated under US/EU rules has to follow extensive investor protective rules.
There is some advantage of regulated investment companies. A track record is slightly less important because nobody with little or small experience will ever receive a permission to trade assets of other investors.

Thats not a guarantee but at least a small protection btw. not only for the investor.

Thank you very much for your nice information 😄