Let me know what you all think.
I have been offered by to manage 25,000 of firm capital with 25% profit cut, once i double this, they will put another 50K.
but what they do is the want me to open up account w them and they will mimic my trading order to this firm capital. so basically my profit will be from my own trading account + 25% profit from the firm capital
here are more details:
Profits are distributed on a monthly basis meaning, you only make
money if we make money. If there are losses, you won’t get paid till
losses are covered. You get 25% of new profit. For example if one
month you make 10,000 you get 2500. If next month you loss 10,000 you
get zero. If third month you make 5000, you still get zero because you
have to make up for the losses first before you get paid.
Only you have the option to add more accounts to the block. This is
called Block trading. We set a block for you and you and only you can
trade the block. You can increase or decrease the number of accounts
on the block as you wish prior to the start of the day. Meaning, in
the middle of the day you cannot increase or decrease any lot sizes.
One of the reasons we are doing this is because we want to work with
you. This is a normal process in our business. We have several prop
traders already. Just like you. We want to test you and if things work
out, we want to make you a CTA and raise money for you. We can easily
raise several million dollars if your results are satisfactory.When
you are on a block you can see who is on the block because the block
was created for you and you only. Now, our only reason we want to do
business with you is we see the potential in your trading. We want you
to trade our account just like the way you trade your account. You
lose, we lose, you win, we win. It is that simple.
