I would not recommend trading with money you cannot afford to loose!
- Each to his own I guess.
I would not recommend trading with money you cannot afford to loose!
- Each to his own I guess.
To be honest, I don't really care what your thoughts are on the strength of this system. My original question was "how" one would go about getting in touch with investment firms/banks etc in order to possibly sell the strategy to them. If you don't have any advice on the topic, then kindly chill out, relax, and go post elsewhere.
Thank you. I have heard of them before and will look into them a bit more based upon your post. Thanks
Hi
The thing is what are you selling them? A concept? That's all, what they really want to see is a proven and aduited track record and even then they will want to pull it to pieces.
I sat in with a guy who was trying to pitch a system to hedge funds etc. While they were interested in initial backtested results they really wanted to know how the system ticked, what did the system do in certain situations e.g Black Wednesday and they really wanted to see a real track record, depending on frequency of trading and strategy this varied between 6 months to three years, which of course is where it all starts getting a bit tricky. No live real account track record then no foot in door.
In short it's hard to do
Why not ring them direct? Take a shotgun approach, nothing ventured nothing gained
My friend did that wih his book, I think he got 23 rejections from publishers/agents before he got taken up , he is now about to publish his 3rd book , has a contract for another two more......................
Good Luck
T
Yes, I am selling a concept/strategy. I see what you are saying about the track record and it makes perfect sense. I shall work on getting that off the ground. As for ringing them direct, I am all for that. I am not really sure how or where to go about looking for a database of forex hedge funds. If you know anything about this, would you mind sharing?
Thanks for your info!
He got in because he used to work with people in the industry, was a failed trader, and also through friends of friends in the industry , Networking is the way forward. He wasn't succesful either
Cheers
spreader_legger
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From my understanding, most IB's & Fund managers do not trade like retail traders do. Most dismiss mere charting as rubbish. In any event, even if your system makes money on micro lots chances are that it is insufficiently scalable to arouse any interest.
Sorry to burst your bubble.
Sorry to burst your bubble.
Lol, this is far beyond charting rubbish...In response to scaling, I have tried the system out on 500, 10k, and 50k initial account balances. I intend to use much bigger account balances next week to investigate further however. No worries, bubble not burst
spreader_legger
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What's your system based on then if you don't mind me asking?
Lol, this is far beyond charting rubbish...In response to scaling, I have tried the system out on 500, 10k, and 50k initial account balances. I intend to use much bigger account balances next week to investigate further however. No worries, bubble not burst
CHRISTO9HER
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if you've got a good system, keep it to yourself.
One day with some luck and some saturday afternoons working in the supermarket you will have $250, then trade it for yourself and get rich!!!
One day with some luck and some saturday afternoons working in the supermarket you will have $250, then trade it for yourself and get rich!!!
