Looking to trade but have no funds

Mr. Charts said:
Whatever you do, do NOT borrow money to trade. You will feel huge pressure and if you fail you are in serious trouble.
Better to sell your mother :)
Click to expand...

I agree with you opinion. Is it OK to borrow money for investing?

If you don't have money for trading - don't trade.
 
I work for a person trading futures.He's ALWAYS watching my trades on his computer.It makes me self conscious and I think "should i trade this the way he would trade it" Any kind of pressure can likely affect your trading.Whether its a private investor or an institution.
 
Basicially I can't get a loan any less than 25% APR so I am really stuck, I most likely can get a loan through my mum which will cover living exspenses. I am still looking at firms who back you and talking with a potential backer.

I am wondering if I get backing can I trade through one of these brokers with an 8mb connection which runs more like 3.5mb, is this crazy? I have no idea, there seems alot of data to process surely you need a better connection, to trade the bund for example?

Going back into work sucks, because okay I can earn some money but I still won't get near the £30k margin I need put down to spread trade, can't really do it for less and if i did i would earn so little and spend a long time trying to size up, £15k is the least I would need. If a firm with cheap costs won't take me now then going back to software developing to obtain £10,000 in my bank account won't change much.

I don't really understand how I should have done better, which is what I read some guy say. My first couple of months were a really brutal time to start spread trading.. it cleared out loads of people on the floor, within 6 months about 75% of the floor had been replaced, I was the only one from my group and the groups behind me who had withdrawn money. I dunno what else I need to do to show I can trade.. give me more size and I can make more ^^.. anyway first 2 months of trading I barely netted anything so was doin 5k-8k months by the end.

I am starting to apply to some firms who pay a salary, just in trading generally not self employed etc.. :(
 
arabianights said:
I'm just saying it's hard to see why anyone would give you money - basically it would be charity)
Click to expand...

I did not, actually, read any request for money? :LOL: You must be reading between the lines.

He may have been to Uni, but I'll bet he did not take psychology.
 
NoRhino said:
Basicially I can't get a loan any less than 25% APR so I am really stuck, I most likely can get a loan through my mum which will cover living exspenses. I am still looking at firms who back you and talking with a potential backer.

I am wondering if I get backing can I trade through one of these brokers with an 8mb connection which runs more like 3.5mb, is this crazy? I have no idea, there seems alot of data to process surely you need a better connection, to trade the bund for example?

Going back into work sucks, because okay I can earn some money but I still won't get near the £30k margin I need put down to spread trade, can't really do it for less and if i did i would earn so little and spend a long time trying to size up, £15k is the least I would need. If a firm with cheap costs won't take me now then going back to software developing to obtain £10,000 in my bank account won't change much.

I don't really understand how I should have done better, which is what I read some guy say. My first couple of months were a really brutal time to start spread trading.. it cleared out loads of people on the floor, within 6 months about 75% of the floor had been replaced, I was the only one from my group and the groups behind me who had withdrawn money. I dunno what else I need to do to show I can trade.. give me more size and I can make more ^^.. anyway first 2 months of trading I barely netted anything so was doin 5k-8k months by the end.

I am starting to apply to some firms who pay a salary, just in trading generally not self employed etc.. :(
Click to expand...

For a start, why trade spreads? Outrights are infinitely better. I saw on another thread you were talking about BOR boxes... that's an even tardier thing where worst case scenario is you actually succeed, only to give it all back in one move (aka 2008).

Seriously get a hold of a sim and clip 1 lot in bund outright 5 tick (say) manuall executed discretionary stops... It much better :)

I specialise in white outrights and love nothing more than front month bor tick whoring, which may be beneath a lot of people but is brilliant pnl wise.
 
I never touched boxes because of the same reasons.. but I was told outrights are really tough and tbh i kept record of outright trades as I did them, the schatz was profitable but was negative on the bund, but traded it alot less than the schatz. But I wouldn't feel comfortable trading the schatz for a living, how do people get their experience?
 
Why wouldn't you feel comfortable with it? ?Have a fooking go!

It isn't going to kill you
 
DashRiprock said:
what were your limits / acc. size at the firm you were at?
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about 80 euribor, 120 schatz then 30 bobl and 10 bund. I traded either 8 euribor vs 10 schatz or 12 euribor vs 15 schatz, averaging up to 3 times.

Also 8 schatz, 6 bobl and 2 bund, averaging 3 times.
 
**** that ****

with 80 lots on bor you should be able to make 3k a day min, a complete piece of p1ss.

that just in white outrights.
 
arabianights said:
Why wouldn't you feel comfortable with it? ?Have a fooking go!

It isn't going to kill you
Click to expand...

Whilst I was trading I was doing exactly that.. I just said. But now I am not trading looking for a better way back in and I am not exactly going to go straight into something I might not profit with, the idea is to carry on trading outright with small size more and more (whilst spreading to earn an income) until I can one day switch from spreads to outrights.
 
ok so just go outright

I guarantee you I could make 10k a month with a 10 lot trading only front month bor. It really isn't hard.

(that applies at this point. coming into expiry you couldn't!)
 
arabianights said:
**** that ****

with 80 lots on bor you should be able to make 3k a day min, a complete piece of p1ss.

that just in white outrights.
Click to expand...

Yes but I just told you what size I traded, those where just my limits, I would have been pulled over if I was outright 80 lots, or even 80 by 100 in the TED spread. I had up to 48 euribor with a hedge as my max.
 
I am not sure with 9 months experience in spreads and my own limited experience in outrights which I was able to do only because the firm gave me freedom in my trading. I am not sure this will quantify me being able to just trade outright profitably so quickly? It's a tough market right.. a lot of professionals etc. So easy for who? it's all relative, you still gotta be better than the vast majority? or is there easy money because people are in the markets for other reasons not just PnL?
 
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