Darwinia contest

[trilobite]

Darwinia buys high

Not necessarily, Darwin SUG is by no means at or near a high, but received a Darwinia allocation last month.
I think because D score no longer jumps about all over the place consistent performance will be better rewarded, I certainly hope so. Congrats to the trader behind SUG, a strong recovery could earn the trader some extra beans

 

[CavaliereVerde]

I want to congratulate with the members of this forum that are trading consistently, stacking a significant allocation:

VRT by @VolcanoFX with 350k
TVS by @LongVision with 300k
AZG by @ASGTrade with 200k
PUL by @Pulse07 with 170k

 

[TLN]

I want to congratulate with the members of this forum that are trading consistently, stacking a significant allocation:

VRT by @VolcanoFX with 350k
TVS by @LongVision with 300k
AZG by @ASGTrade with 200k
PUL by @Pulse07 with 170k

@CavaliereVerde 15k$ per year. How big is it comparing with the average living cost in your Italy or europe?

 

[CavaliereVerde]

To survive in Italy you need at least 1k per month net.
You have to pay 20-40% taxes on provider's earnings.

What can be realistc from Darwinia is earning 10k once during one year.

 

[ASGTrade]

Answering the topic of the thread, it's the only reason why most people are on Darwinex. The dream of attracting investors is harder than originally expected without miracle trackrecords. So Darwinia is the hope. Like you've mentioned, I currently have 200k (not useful now due to low volatility but still). The last time I had 6 figures was in a short two weeks period or so in my first year with Darwinex. If they end it today, most people will have absolutely no reason to keep a Darwin listed.

So yes, if you're still looking to build trading capital, you should focus on it. Just don't allow it drive you nuts, which is easier said than done. It's easy to get sucked into trying to speed up EX, etc so you can start competing. If you just relax and manage to get D-score into the 60s after a year or so, you will almost certainly get allocated with a >1% return per month and decent activity thanks to the 120 positions allocated now.

Of course if you have a few rich friends or have a way to raise >$500k-2m for yourself, you can ignore it. In which case, you don't even need Darwinex.

 

[CavaliereVerde]

DREAM
30% return , 500k allocation, 20k earnings

REALITY
10% return, 150k allocation, 3k earnings

 

[ReyCap]

In addition, investors are usually very unfaithful.
They do not know that they must invest in the long term.
I have observed that many as soon as there is a daily loss they leave.
So I think they are always losing money.

 

[ASGTrade]

In addition, investors are usually very unfaithful.
They do not know that they must invest in the long term.
I have observed that many as soon as there is a daily loss they leave.
So I think they are always losing money.

The only way to retain investors on Darwinex is to have a high return or lots of green months, and hope to gather enough crowd quickly. HFD won't have anywhere near 1m today if he had such a DD before he became popular. SYO would have lost investors instead of gaining them last month.

So, you can only hope you do well enough to attract the crowd and build some "immunity" first. Some investors will always run away with a daily loss, but you'll always have enough left. If you have a DD before becoming popular, the best you can be is SRI (which is still very good btw). Unless you start posting 30%+ every year after.

 

[davidautentico]

To survive in Italy you need at least 1k per month net.
You have to pay 20-40% taxes on provider's earnings.

What can be realistc from Darwinia is earning 10k once during one year.

Same here in Spain. Maybe 0.8k in the south

 

[Sterso7]

To survive in Italy you need at least 1k per month net.
You have to pay 20-40% taxes on provider's earnings.

What can be realistc from Darwinia is earning 10k once during one year.

here in southern Germany (east excl.) you need atleast 2k per month. Even then, those 2k are taxed at about 35%

 

[TLN]

here in southern Germany (east excl.) you need atleast 2k per month. Even then, those 2k are taxed at about 35%

In VietNam, I can live well with 1k$.
300$ for apartment renting
300$ for food (good food/meal)
Still remain 400$ for entertaining.
11% is income tax.
The living cost in VietNam quite cheap comparing with yours.

 

[TLN]

As comment of @ASGTrade , I completely agreed.
Darwinia is still good and is a great hope for retailed traders without big capital.
Here, it also is a place for new traders to focus, to practice, to be consistent in trading and develop their own strategy.

 

[CavaliereVerde]

To be honest I thought it was even cheaper.
By the way now you need to trade at least 4k to gather significant allocations.

 

[TLN]

To be honest I thought it was even cheaper.
By the way now you need to trade at least 4k to trade to gather significant allocations.

Actually, I'm affordable for 10k$. Just, as I said, transfer money to outside VietNam is very complicated. Forex trading is illegal here.
Currently, I can only deposit with visa card. And, when Dscore reaches 60, I will do it.

 

[Sterso7]

In VietNam, I can live well with 1k$.
300$ for apartment renting
300$ for food (good food/meal)
Still remain 400$ for entertaining.
11% is income tax.
The living cost in VietNam quite cheap comparing with yours.

for $300 you wouldn't even get a room here. It's about €15-50 per square meter living space here. So rent starts mostly at about €500 outside of citys and goes up very fast in Urban areas. Food is very cheap in germany, probably the cheapst country on the continent, so similar to your 300 quid. But taxes and scoial programs are very high. If you're earning about 4k before TAX & Social deductions after tax would be 2,5k so about 40%.
Taxes on Trading and Dividenden Income is 25% fix. But the SPD (left wing socialist party) passed a law on loss restrictions, where you now can only deduct a maximum of €10.000 per year of Trading loss with winnings. So for example if
I where to gross 30k and lose 40k within a year from Trading, due to the new law, I would have to pay taxes on 30k although I had a net loss of 10k. I would have to pay 7,5k in Taxes, its basically a Trading embargo. The bigger the numbers get the more abusred it gets.

 

[CavaliereVerde]

Now you have to win every year...
Problem solved.
😁 😁

 

[TLN]

DREAM
30% return , 500k allocation, 20k earnings

@ReyCap : ULL now is more than 500k allocation.
Could you make use of it to generate above dream 20k$ performance fee?
^^

 

[ReyCap]

@ReyCap : ULL now is more than 500k allocation.
Could you make use of it to generate above dream 20k$ performance fee?
^^

550k of allocation + 100k of investment right now ... if everything goes normal ... with 3k a month I am satisfied

 

[endo77]

DREAM
30% return , 500k allocation, 20k earnings

REALITY
10% return, 150k allocation, 3k earnings

If you're going to be trading anyways, may as well have a little bonus dream. It's free extra bonus money you wouldn't have if you traded elsewhere.

 

[Gargamel]

If you're going to be trading anyways, may as well have a little bonus dream. It's free extra bonus money you wouldn't have if you traded elsewhere.

That is a good point,but treat Darwinia as windfall and concentrate on real money/investors.Darwinia allocation is limited to 6 months and capped at 500k.
The disastrous state of collective AuM will not stay forever if you traders offer good stuff to investors,especially institutionalsWhat is good stuff?Well,it isn't 20%DD and it isn't 10% DD in one month.There is plenty of opportunities elsewhere where they can enjoy 20% DD and they will not allocate their money to Darwinex for that.
Once in a while Darwinex bosses did something smart:lowered risk in darwins.Take advantage of that.
There must be a group of investible darwins to make broad portfolios for institutionals.They are not going to invest into individual darwins or small portfolio of darwins because most of darwins have no hedges in place.They are horror stories for institutionals.
With high return you will attract dumb money.Smart money is preoccupied with risk.
There is not even 35 mil.AuM right now.Most of that money belongs to traders and their friends/relatives.If you continue chasing max.Return it will stay the same.