Length of track record and managed accounts?
Sep 07, 2012 at 09:25
1,429 Views
10 Replies
Member Since Aug 13, 2012
4 posts
Sep 07, 2012 at 09:25
Does anyone have experience with finding customers for managed accounts? Also which PAMM broker is best? I have 0 experience with PAMM brokers.
What do investors generally consider 'a good track record' and what is the time length for said track record?
I'm under the assumption that most are looking for 3-year average minimum, similar to hedge fund listings. Or maybe I'm wrong about that. Just want to know if I have a leg to stand on with 6 months of verified trading results.
And any other advice would be helpful. I'm taking my series 65 exam, have an LLC, but I'm certain those are not required to do this.
What do investors generally consider 'a good track record' and what is the time length for said track record?
I'm under the assumption that most are looking for 3-year average minimum, similar to hedge fund listings. Or maybe I'm wrong about that. Just want to know if I have a leg to stand on with 6 months of verified trading results.
And any other advice would be helpful. I'm taking my series 65 exam, have an LLC, but I'm certain those are not required to do this.
Member Since Dec 23, 2010
21 posts
Sep 07, 2012 at 11:36
Nah mate, you ain't .. your just spamming us poor lil ole weak kneed pensioners with our purses under our beds awaiting your cruel devices .. Ohh you deville you haha..
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Oh the merrry merry month of spaaaaaaammmmmmmmMMMMMMMMM
Member Since Jan 14, 2010
556 posts
Sep 07, 2012 at 13:56
6 months is a nice starting point. I don't have any experiences with pamm brokers.
Nowadays I don't think most of the traders have any licenses, they simply work through different services such as pamm brokers or account mirroring services (like zulu, tradency). In any case, those can only help you in acquiring clients.
Nowadays I don't think most of the traders have any licenses, they simply work through different services such as pamm brokers or account mirroring services (like zulu, tradency). In any case, those can only help you in acquiring clients.
Sep 22, 2012 at 17:19
Past performance is no indicator of future results. There have been many traders who are 'on fire' for a few months of a couple of years and then burn out and give it all back.
If you want someone to trade an account, go with some recent performance and make sure you have the ability to do real-time monitoring of the account and have a pre-determined drawdown limit in place with the trader/manager.
Yes there are taders that have long-term profitability. But they are few. Just stick with what works until it doesn't work anymore.
That, or you could just take the time to learn how to trade yourself.
If you want someone to trade an account, go with some recent performance and make sure you have the ability to do real-time monitoring of the account and have a pre-determined drawdown limit in place with the trader/manager.
Yes there are taders that have long-term profitability. But they are few. Just stick with what works until it doesn't work anymore.
That, or you could just take the time to learn how to trade yourself.
It's not the market. It's not the spread. It's not slippage. It's not the broker. It's not the system. It's YOU. Once you stop whining and making excuses, you can start winning.
Dec 12, 2013 at 11:40
daytradejay posted:
Does anyone have experience with finding customers for managed accounts? Also which PAMM broker is best? I have 0 experience with PAMM brokers.
What do investors generally consider 'a good track record' and what is the time length for said track record?
I'm under the assumption that most are looking for 3-year average minimum, similar to hedge fund listings. Or maybe I'm wrong about that. Just want to know if I have a leg to stand on with 6 months of verified trading results.
And any other advice would be helpful. I'm taking my series 65 exam, have an LLC, but I'm certain those are not required to do this.
Performance is one thing. But more important is to make sure that the risk taken will not blow trading account. Investors should understand the fundamentals of the strategy whether it is discretionary or systematic strategy.
3 years of track records are sufficient but nowdays we can backtest strategy up to 10 years.
Wait for it
Dec 31, 2013 at 07:39
There is way to get funded by trading Demo account for just 20 trading days. Make it through TST or Pulsar tryouts and trader gets funded. However there is so many rules I doubt many day traders who show profit here could have done so on controlled demo accounts which designed with risk first in mind. I think in all circumstances risk must be put first and profit second.
Member Since Dec 27, 2013
42 posts
Jan 02, 2014 at 07:36
The most recent 12 months of live trading. And yes.. it must be with a live account. Live is different then demo.
Don't make any promises to the investors.. tell them it is risky like it is but you'll do your best.
Don't make any promises to the investors.. tell them it is risky like it is but you'll do your best.
When the waves are good- Ride them, If they are not, wait for the next set
Jan 05, 2014 at 07:57
I think good benchmark I suggest to community is to observer system during first major draw down and how it recovers. If it makes a new equity high after major DD then wait for next similar level DD and only then join EA/Signal/ whatever it is.
It usually takes more then 3 months.
It usually takes more then 3 months.
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Jan 05, 2014 at 11:47
FXtalk_eu posted:
I think good benchmark I suggest to community is to observer system during first major draw down and how it recovers. If it makes a new equity high after major DD then wait for next similar level DD and only then join EA/Signal/ whatever it is.
It usually takes more then 3 months.
Honestly if a new lowest DD is followed by a new high in equity, I would seriously be worried. An excessive risk would be taken to compensate for the bad drawdown. A high drawdown should be slowly compensated over time by applying the normal strategy of the system.
A smooth sea never made a skillful sailor.
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