RESCUING ACCOUNTS IN DRAWDOWN
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Member Since Jun 18, 2011 48 posts
SmoothHedge
Dec 08 2011 at 11:03
Many brokers have a PAMM account option. Multiple people will be able to invest money into your PAMM account, where you will trade it for them on a single terminal. The broker will automatically give you a performance fee (usually 30%) each month.
Checkout: http://www.fxopen.com/Pamm/List.aspx |
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Member Since Aug 30, 2011 73 posts
Benjamin Nathan (benbakhsh)
Dec 08 2011 at 11:07
Interesting.. thanks for that - appreciate the help. Its nice to talk to somebody constructive LOL.
Trading is not about Wins and Losses, it's about Income and Expenditure" |
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Member Since May 13, 2011 1341 posts
Steve Walker (walker36)
Jan 14 at 15:55
what happened to rescuing account?
Trade The Trend! Defend To Price! |
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Member Since Aug 30, 2011 73 posts
Benjamin Nathan (benbakhsh)
Jan 14 at 16:29
Hi Steve
I decided to wait and be patient - following all the advise I got here. My plan now is to see what my profile looks like at the end of 2012 so I have a 12 month consistent track record. Ill also be getting my NFA Series 3 licence this year so hopefully by end of 2012 I shold have an edge. So yeah - im taking the sensible patient approach in terms of finding fund managers.. (Plus i have an investment offer ending on my end of year profit which is enough so i dont have to go the rescuing accounts route) Hope you are keeping well Steve? Trading is not about Wins and Losses, it's about Income and Expenditure" |
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Member Since May 13, 2011 1341 posts
Steve Walker (walker36)
Jan 14 at 16:40
yes.
what happened the account you have started to rescue? Trade The Trend! Defend To Price! |
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Member Since Aug 30, 2011 73 posts
Benjamin Nathan (benbakhsh)
Jan 14 at 16:51
The client withdrew funds and we split the profits - my profit went into my intellitrade 2012 account.
My results from when i started the rescue were +17.5% between Oct and Dec. I can repost the account here if you want to see - I just took it down as im no longer trading that account. Trading is not about Wins and Losses, it's about Income and Expenditure" |
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