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Do realize as long as one is able to make money in market,she doesn't have to depend on others' belief on her part of ability, it's true of any trader.
I post some of my recs just to ensure that those who will be answeing can know that she knows it's incredibly difficult to make money in market & she paid her due diligence in market & meet the bare criteria of the task she's aiming for.
Appraise,approval or disapproval-I was seeking for none of the reactions.Just facts regarding issue-be it hard or soft.
The environment I grew in is very different than most USA people.As such,most can't understand the drive to make as much money as possible.
I'm well aware of the fact-the reason I opened a thread.I was pretty sure being good isn't enough,there are a whole lot of subtleties have to be covered too.
That was a quite helpful post,the kind of posts I was looking for in the first place.At least some can cut through the chase & directly go to the main point.
I don't feel discouraged though.Everything is feedback-nothing is either good or bad.
I think I've to chunk down my entire position in multiples of 50 lot or 100 lot size.I can enter just one or two lot at first signal & keep adding chunks on additional signals.Or just enter full position at once & then scale out once reaching one to four times my risk-though it's the lesser attractive alternative.
Higher timeframe charts will definitely be of my interest.
I realized I've to rely on swings more to make two to four times my risk-so mostly catch a trend just when it breaka out or an early ride on a trend reversal.
@katalyn - one other thing to consider is partnering up with other professionals. You'll find that very many, if not most successful hedge fund launches in recent decades were started by partners, groups, or entire teams of individuals. This approach allows for a pooling of resources, a larger network of contacts and prospects, increased visibility, and much greater credibility. It means a lot more to prospective investors when they see that not one, but several smart and successful people are all willing to stake their time, money, and professional reputations on a venture.
Moreover, adding portfolio managers with complementary strategies and skill sets can broaden your universe and help smooth returns over time. If your strength is in trading trends, then perhaps adding someone whose strength is in trading reversals would improve your return profile.
Obviously it's critical that you add the right people. Their skills, personalities, and resources should be a good fit. But once you do, you'll probably find a lot of synergies, and realize that together you can accomplish much more than you could individually.
By the way, one of my most memorable trips in recent years was my visit to Budapest in the fall of 2014. A lovely city with kind, strong, and passionate people. Having read a bit about your nation's history, and spending some time with some of your countrymen, I can begin to understand just a little about your motivation and ambition.
Oh I am sorry, I didn't realize you grew up in Saudi Arabia as part of the royal family. Making 80K dollars per month must be really hard for you now that you are an adult and has to pay for expenses.
You are trading the most liquid future that is easily scalable, you have enough money to grow it already, yet you are trying to raise money. Sure that makes sense.
I'll tell you what. Just increase your contract numbers by 1 each week and you will be at gazillions by the end of year, no fund raising needed...
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Going back to the hypothetical of raising money, I say it is much easier than people make it to be. Karen, the supertrader needed only 2 years of real money profitable record and money started pouring in, first from friends, then from others. In no time she was managing a 100+ million portfolio.
So you only need a good broker statement and I am sure you already have one. Have you? What was your return in the last 2 years?
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There are 2 things that are more important than money and that is time and health because money can't buy those, at least not time for sure. So assuming you are healthy, try to use your time more wisely, and if you already have enough funds, I would try to switch to a trading style that requires less time so you can enjoy you money better...
I call her a raising funds success story. She increased her fund from low 6 digits to 8 digits in 3 years. This thread is about RAISING capital, not trading profitably.
On other forums people also claim that they have been contacted by backers after talking about their good performances. If true (probably not), that is also a quick way to find founding. I suspect this thread's goal is similar to that....
I don't understand. if you are making half a million or more a year then what is the rush.Just slowly compound.
Why work for others money and loose your freedom it does not make any sense.
Also market has liquidity limitation you cannot expect to keep same return when you increase your position size to crazy levels.Market will detect and punish excessive greed.