How do I get a position trading for a firm?

[charliem]

Hi Everyone,

I have been looking at this site for a while and decided to register and post to see if anyone could help me.

About two years ago I started using my savings to actively 'trade' equities, averaging around 5-15 trades per month. Over this period I have successfully grown my protfolio by c.120% (not annualised). I buy equities, warrants, CFDs, and use spread betting platforms to enable me to take both long and short positions.

I would characterise my investment strategy as contrarian, value based, and also driven by macro economic views (I did Economics as a degree and masters at Oxford and got a high first).

Im considering giving up my full time job (as a strategy consultant) to become a full time trader, if that is possible. I don't have sufficient capital to use my own money to finance this (and have mortgage payments to make!). Does anyone have any suggestions? Ideally I would love to find a firm that would take me on and offer a relatively small salary and small amount of capital that I could (hoepfully!) grow and earn access to greater amounts of capital if/when my trading history deserved it.

Would greatly appreciate any suggestions / names of firms etc.

Thanks

 

[pboyles]

http://www.trade2win.com/boards/trading-firm/98394-anyone-heard-pulsar-capital.html

 

[Prawnsandwich]

I'm in a similar position to the OP....trading a relatively small account, but consistently profitable over a few years, but still under capitalised to go full time...

Have been looking into the some of the remote trading firms, particularly US ones, as I daytrade US equities, and they seem to generally require a deposit, offer large buying power but limited daily loss / risk limits....making it difficult to utilise the increased buying power effectively.

So any losses come from your deposit while your either giving up a significant % of profits or pay high monthly / share transaction costs...meaning you're effectively still trading your own capital, possibly with increased risk due to increased leverage, while handing over a chunk of your profits....

So, does anyone know of / use / recommend a remote trading firm where maybe they start you off small with their own capital, and build up size as you prove consistency etc...

 

[Pento]

There are less and less firms which start you off with their own capital.