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RESCUING ACCOUNTS IN DRAWDOWN
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SmoothHedge

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

benbakhsh

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"
walker36

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!
benbakhsh

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"
walker36

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!
benbakhsh

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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