How to get capital?

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sdaconsulting

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OK, I learned how to trade a particular niche and market (daytrading ES futures) and now I'm having very good success consistently on a simulator for the past 4 months. Let's just say I am up close to 200% in 4 months. Assume that I continue to have good success with minimum drawdowns of capital from here on until I attract some capital to trade.

How do I get some capital to trade? I have a full time job and family so moving to NYC for prop firm trading is out for now, unless someone wants to let me trade their 1 million dollar account in which case I would definitely consider it :)
 
sdaconsulting said:
OK, I learned how to trade a particular niche and market (daytrading ES futures) and now I'm having very good success consistently on a simulator for the past 4 months. Let's just say I am up close to 200% in 4 months. Assume that I continue to have good success with minimum drawdowns of capital from here on until I attract some capital to trade.

How do I get some capital to trade? I have a full time job and family so moving to NYC for prop firm trading is out for now, unless someone wants to let me trade their 1 million dollar account in which case I would definitely consider it :)
Click to expand...

dont be greedy, hedge fund would smile if they get 2-3% a month
 
Everyone,

A hedge fund can't momentum trade futures with 600 million in AUM. Not easily, anyway.

Anyway February has been a horrible month for me, I am up only 11%, versus 15% in January, 25% in December and 30+% in October and November.

Of course, we haven't seen any 700 point Dow days since then either, which has a lot to do with my lesser success in more recent months. . .

In any event, making money on my sim account is fun, but I'm ready to start making some real coin for me and an investor. . .
 
Aaronmalins said:
I've had 20% roi on 80k in three days on my CFD sim account lets see if i can keep it up lol.

Who wants to employ me?
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20% in 3 days on 80k! To me that is gambling not trading. What are your money management rules? What is your risk/reward ratio?

You can only be judged to be a success or a failure when you are trading real money. Emotions play a big part in trading with Sim/paper trading there is nothing to lose or gain so your emotions don't come into play.
 
I just shorted the dow and ftse based on daily trading patterns. I was picking up about 30 points per trade.

The risk is smaller as its cfd and only requires deposits and not actual purchases

I didnt stop loss because i knew it would drop. Therefore undeterminded risk/reward. When the market temporarily turns aginst my short sells on the ftse i buy then sell in the dow.

Money management? I went up from two to three trades after 10 k as i became more confident in my ability to spot trends and get in quick on reversals by switching between four time frames.

I dont think it's gonna be this easy for long though. Only while the economy is in freefall.
 
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sneville said:
20% in 3 days on 80k! To me that is gambling not trading. What are your money management rules? What is your risk/reward ratio?

You can only be judged to be a success or a failure when you are trading real money. Emotions play a big part in trading with Sim/paper trading there is nothing to lose or gain so your emotions don't come into play.
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You are in no position to judge how effective his money management is. So don't pass judgement.
 
I know its only a sim but it seems to work at the mo.
I can honestly if I had 80k myself I'd have used the lot to CFD short the FTSE before us opened last week and I would have made a killing.
Remember 80k is small potatoes in the trading world sda. The more complex trading methods are for professional traders who are managing huge funds which are not their own, are trading 5+ markets at a time and need to give reasonably consistant returns in order to keep their performance monitors happy.
 
In my opinion MM is just about not thinking you're untouchable.

I bet there are a few people out there who thought they were big shots, over traded and then the markets slapped their as*es till they were reduced to tears.
 
sdaconsulting said:
OK, I learned how to trade a particular niche and market (daytrading ES futures) and now I'm having very good success consistently on a simulator for the past 4 months. Let's just say I am up close to 200% in 4 months. Assume that I continue to have good success with minimum drawdowns of capital from here on until I attract some capital to trade.

How do I get some capital to trade? I have a full time job and family so moving to NYC for prop firm trading is out for now, unless someone wants to let me trade their 1 million dollar account in which case I would definitely consider it :)
Click to expand...

I could answer this if you were in the UK, in the USA it's different so I'm really not sure - try posting this at Elite Trader - The #1 Site for Active Traders as there's a lot more USA prop traders there.

4 months isn't going to get you $1million though ;)
 
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