First: I'm not soliciting investors - rather seeking to get assistance in brainstorming the different ways I can get this business off the ground.
Second: I have 0 interest in going in to any revealing detail about my strategy, even in the highest level. As far as I'm concerned: I'm holding on to a billion dollar ticket and in this trading game, the value of a market advantage deteriorates rapidly if it becomes well known. I will discuss the success of the system a bit to explain why I am so anxious to get off the ground with this full time and so it's understood why even with (relatively) minimal capitalization, getting this going ASAP makes so much sense.
Third: I am not a rookie or a kid. I have studied the markets for over 10 years - traded Forex as an under-capitalized full time trader full time for part of it, and for the other part have been battling with the masses like everyone else while working a straight job.
Fourth: No, I am not joking - Everything contained within is 100% factual and again, I am no rookie.
NOW:
I have developed a 100% mechanical strategy (meaning, the signals are easily seen coming in advance, perfectly defined, and my favorite part - personal discretion is eliminated making back testing 100% legitimate. I don't care if every piece of news and technical analysis says to short the Euro, if this simple system says long - I do it with absolutely 0 regard for anything else) . This strategy is back testing absolutely unreal results; I have never seen anything like it.
The results: after THOUSANDS of trades, over several years, looking at most major currency pairs (and also looking at stocks and futures - I have yet to find an instrument that causes this system to fail but I will stick to FOREX as It's what I know): this system produces consistently greater than 83% win percentage. The losses are capped as a maximum of the win (meaning seeking a 100 pip profit, the maximum loss is 100 pips): but since most losses are actually smaller -the average loss is 65% the size of the winning trade target. Again: 83% wins where the wins are 154% larger than the losses, where the MAXIMUM loss is equal to ONE winning trade = you do the math. I have, and the result is effectively unlimited profits as a function only of what is invested. Trading any given currency pair in my testing resulted in an average of 750% annual return from approximately 100 trades per year (per instrument) and my desire is to trade 4-6 pairs simultaneously and target returns which will only serve to make this post seem even more outlandish to all.
FAQ: backtesting? Meh... tons of systems backtest well but don't work!
Answer: YES, but this system seeks gains large enough and with enough foresight that limit orders are easily used so entry and exit at or within pips of the targets is all but guaranteed. Also, this system is like I said, 100% mechanical meaning the biggest variable in backtesting is eliminated (the human element: errors, emotions, judgement calls, etc). I can say with 100% confidence that this system will trade EXACTLY as it backtests (this statement is no doubt very stinky to many of you as with what most know that isn't possible - it is with what I am doing). I can say with confidence that if this system were traded over the past 365 days, the result would have been +750% trading the EUR/USD alone on 115 trades. Add in additional currency pairs and you can begin to feel my excitement.
What you're describing isn't possible! You sound like a naive idiot. I agree. If myself of 2 months ago were to be reading this I'd think the same. It isn't possible with what I knew from 10+ years of playing in the market; but long story short - I've had a revelation and am staring at unlimited free money. No, not possible with the systems and charts probably everyone is staring at and I stared at for over a decade. I've shifted my entire mindset and the results are staggering.
I provide that back story so that my request is taken seriously. I am 100% committed to getting this off the ground ASAP. I am working full time but need to find the capital to get this off the ground so I can make these 300 trades a year and produce the 1000%+ return.
BACK TO THE POINT OF THIS THREAD::::
Where can a trader, like myself, who is sitting on absolute gold, go to get off the ground. Please help me evaluate the ideas currently in my head, and I'm hoping someone has a better one:
1)Rich friends. I have them. Rich people love nothing more than to invest in ideas like this and I'm 95% confident I can get more than enough money with fairly minimal effort through this avenue. The downsides: 1) they are friends, I don't like discussing finances with friends 2) since I would be managing their account, understandably, the majority of the profits would need to go to them 3) I hate convincing people of things. Ideally, I find a way to finance this thing on my own accord. The idea of having to talk someone into 'investing' in me is wholly unappealing to me. Nonetheless, this remains a possibility and as I consider the alternatives, it may be the most realistic.
2)Piece it together from my own finances. Tax return coming in, I have some home equity, my brokerage takes $5k per month credit card deposits, 401k, etc. I could probably piece together about 50k which is enough clearly with the 750% returns to make a living but ultimately that isn't a lot of money and being undercapatalized in such a way would adversely affect my risk:reward tolerance making 750% alot less likely. This is a possibility, but I don't like it. If i could piece together 100k I'd feel alot better about this option. 50k just feels a little tight, even with the gold I'm sitting on.
3)slow and steady wins the race. Take a piece of #2, say 10k and over the course of 2 years turn it into 100k by trading in the evenings and on the weekends. This is my absolute last resort: a) that is an incredible amount of patience when again, I'm sitting on solid gold. and b) I've done the full time trading + full time working game for years - it's a hellish workload that is a drain unlike what I want to experience again. If I'm going to be trading for 50 hours a week, that's my job. I've got a family and I've put them through enough Full time job + full time trader for one lifetime. So, while this remains a viable last resort option, it is definitely 'last resort'.
WHAT ELSE IS THERE?
Prop Shops - I know very little about these but could this be the answer I'm looking for?
Banks - maybe not a traditional bank like US Bank or BOA, but are there any financial institutions that might be something I should look into?
Private funding - (again, not soliciting here), is there any organizations I should look into which fund ventures like this with private equity?
Anything else I am not considering?
Second: I have 0 interest in going in to any revealing detail about my strategy, even in the highest level. As far as I'm concerned: I'm holding on to a billion dollar ticket and in this trading game, the value of a market advantage deteriorates rapidly if it becomes well known. I will discuss the success of the system a bit to explain why I am so anxious to get off the ground with this full time and so it's understood why even with (relatively) minimal capitalization, getting this going ASAP makes so much sense.
Third: I am not a rookie or a kid. I have studied the markets for over 10 years - traded Forex as an under-capitalized full time trader full time for part of it, and for the other part have been battling with the masses like everyone else while working a straight job.
Fourth: No, I am not joking - Everything contained within is 100% factual and again, I am no rookie.
NOW:
I have developed a 100% mechanical strategy (meaning, the signals are easily seen coming in advance, perfectly defined, and my favorite part - personal discretion is eliminated making back testing 100% legitimate. I don't care if every piece of news and technical analysis says to short the Euro, if this simple system says long - I do it with absolutely 0 regard for anything else) . This strategy is back testing absolutely unreal results; I have never seen anything like it.
The results: after THOUSANDS of trades, over several years, looking at most major currency pairs (and also looking at stocks and futures - I have yet to find an instrument that causes this system to fail but I will stick to FOREX as It's what I know): this system produces consistently greater than 83% win percentage. The losses are capped as a maximum of the win (meaning seeking a 100 pip profit, the maximum loss is 100 pips): but since most losses are actually smaller -the average loss is 65% the size of the winning trade target. Again: 83% wins where the wins are 154% larger than the losses, where the MAXIMUM loss is equal to ONE winning trade = you do the math. I have, and the result is effectively unlimited profits as a function only of what is invested. Trading any given currency pair in my testing resulted in an average of 750% annual return from approximately 100 trades per year (per instrument) and my desire is to trade 4-6 pairs simultaneously and target returns which will only serve to make this post seem even more outlandish to all.
FAQ: backtesting? Meh... tons of systems backtest well but don't work!
Answer: YES, but this system seeks gains large enough and with enough foresight that limit orders are easily used so entry and exit at or within pips of the targets is all but guaranteed. Also, this system is like I said, 100% mechanical meaning the biggest variable in backtesting is eliminated (the human element: errors, emotions, judgement calls, etc). I can say with 100% confidence that this system will trade EXACTLY as it backtests (this statement is no doubt very stinky to many of you as with what most know that isn't possible - it is with what I am doing). I can say with confidence that if this system were traded over the past 365 days, the result would have been +750% trading the EUR/USD alone on 115 trades. Add in additional currency pairs and you can begin to feel my excitement.
What you're describing isn't possible! You sound like a naive idiot. I agree. If myself of 2 months ago were to be reading this I'd think the same. It isn't possible with what I knew from 10+ years of playing in the market; but long story short - I've had a revelation and am staring at unlimited free money. No, not possible with the systems and charts probably everyone is staring at and I stared at for over a decade. I've shifted my entire mindset and the results are staggering.
I provide that back story so that my request is taken seriously. I am 100% committed to getting this off the ground ASAP. I am working full time but need to find the capital to get this off the ground so I can make these 300 trades a year and produce the 1000%+ return.
BACK TO THE POINT OF THIS THREAD::::
Where can a trader, like myself, who is sitting on absolute gold, go to get off the ground. Please help me evaluate the ideas currently in my head, and I'm hoping someone has a better one:
1)Rich friends. I have them. Rich people love nothing more than to invest in ideas like this and I'm 95% confident I can get more than enough money with fairly minimal effort through this avenue. The downsides: 1) they are friends, I don't like discussing finances with friends 2) since I would be managing their account, understandably, the majority of the profits would need to go to them 3) I hate convincing people of things. Ideally, I find a way to finance this thing on my own accord. The idea of having to talk someone into 'investing' in me is wholly unappealing to me. Nonetheless, this remains a possibility and as I consider the alternatives, it may be the most realistic.
2)Piece it together from my own finances. Tax return coming in, I have some home equity, my brokerage takes $5k per month credit card deposits, 401k, etc. I could probably piece together about 50k which is enough clearly with the 750% returns to make a living but ultimately that isn't a lot of money and being undercapatalized in such a way would adversely affect my risk:reward tolerance making 750% alot less likely. This is a possibility, but I don't like it. If i could piece together 100k I'd feel alot better about this option. 50k just feels a little tight, even with the gold I'm sitting on.
3)slow and steady wins the race. Take a piece of #2, say 10k and over the course of 2 years turn it into 100k by trading in the evenings and on the weekends. This is my absolute last resort: a) that is an incredible amount of patience when again, I'm sitting on solid gold. and b) I've done the full time trading + full time working game for years - it's a hellish workload that is a drain unlike what I want to experience again. If I'm going to be trading for 50 hours a week, that's my job. I've got a family and I've put them through enough Full time job + full time trader for one lifetime. So, while this remains a viable last resort option, it is definitely 'last resort'.
WHAT ELSE IS THERE?
Prop Shops - I know very little about these but could this be the answer I'm looking for?
Banks - maybe not a traditional bank like US Bank or BOA, but are there any financial institutions that might be something I should look into?
Private funding - (again, not soliciting here), is there any organizations I should look into which fund ventures like this with private equity?
Anything else I am not considering?
