traderfunding
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1) Because it is one of the most popular trading forums, which means more sets of eyes will see it, and this increase the probability that one of the sets is talented.
2) This is not etched in stone, but we look at traditional performance and drawdown figures like everyone else does, but we also look at the transaction details under a microscope to get a better understanding of what the trader is doing and if his strategy has any potential flaws that can cause catastrophic losses down the road. We also have a due diligence questionnaire with 100+ questions that are very specific.
3) Yes.
4) The 30-45 day period test is no longer being used. Again, the longer the track record the better. But the actual test period is also affected by the transparency of the track record and on how verifiable it is, as well as on the number of data points in questions based on the activity of the trader.
5) Yes.
6) This is not etched in stone either. We are not looking for traders who have substantial AUM. We are looking for emerging talent. These traders usually do not have experience in managing substantial assets. This is another unknown that must be dealt with as best as possible. There is no perfect way to do this.
7) You bet. :clap:
2) This is not etched in stone, but we look at traditional performance and drawdown figures like everyone else does, but we also look at the transaction details under a microscope to get a better understanding of what the trader is doing and if his strategy has any potential flaws that can cause catastrophic losses down the road. We also have a due diligence questionnaire with 100+ questions that are very specific.
3) Yes.
4) The 30-45 day period test is no longer being used. Again, the longer the track record the better. But the actual test period is also affected by the transparency of the track record and on how verifiable it is, as well as on the number of data points in questions based on the activity of the trader.
5) Yes.
6) This is not etched in stone either. We are not looking for traders who have substantial AUM. We are looking for emerging talent. These traders usually do not have experience in managing substantial assets. This is another unknown that must be dealt with as best as possible. There is no perfect way to do this.
7) You bet. :clap:
TraderFunding,
A few questions for you...
1. How did you arrive at the conclusion that Trade2Win message boards are a breeding ground for locating talented traders?
2. What performance metrics are decisions based upon and over what time frame?
3. Are you aware of the inherent limitations of those performance metrics?
4. I am a little confused regarding the required track record length (I believe in one post it was 1 year) and why there is only a 30-45 day evaluation period on the test account. If you intend to make a decision to invest a small amount of capital with a a 1 year track record, the evaluation period ought to be one year also. Any thoughts?
5. Out of sheer curiosity, have any applicants met both the due diligence criteria and successfully completed the test account evaluation period?
6. What is the minimum AUM you will consider to meet the initial phase of the due diligence process?
7. (Comic Relief) Wouldn't it be fun to trade in the pits with depth trade?