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Looking for Good Forex Traders To Trade My Capital
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Členem od Sep 10, 2010  1 zpráv(a,y) jchen Sep 10 2010 at 05:57
I'm looking for any experienced forex traders to trade my accounts with profit split. I am a trader myself but am cutting back on my trading hours and am looking for others to fill the gap. I am based in the US. Ideally, I'd like to find someone who trades on their own and has the capabilities to trade an additional account. Will need to see some historic trade records. Exact trading strategy not important to me but appropriate risk management is. Please PM me if interested. Thanks.


Členem od Sep 13, 2010  1 zpráv(a,y) maviga Sep 13 2010 at 12:36
yes, im interest.but can i have more info i.e. capital and split.


Členem od Aug 01, 2009  941 zpráv(a,y) Elkart (Elkart) Sep 13 2010 at 13:02

You'd do real well to look a that community performance thing. $11 mil lost so far. There's about two people here I would allow to manage my account....

Chang beer is evil.

Členem od Nov 26, 2009  8 zpráv(a,y) Court Robbins (intelexence) Sep 15 2010 at 15:24
I would definitely be interested. I have my method down pat and i have been tweeking my risk management over the last couple of months. The most important aspect of trading to me now is Risk Management. I am confident that I can maintain steady gains with a relatively low drawdown over time. My goal is 20%-40% per year with less than 10% max drawdown.



If there's anything worth doing, it's worth doing right

Členem od Sep 23, 2009  41 zpráv(a,y) Andrey Sep 15 2010 at 15:38
Hi Elkart,

Who are these miracle traders?
I'm not joking, just asking...



Členem od Aug 01, 2009  941 zpráv(a,y) Elkart (Elkart) Sep 15 2010 at 16:16 (editováno Sep 15 2010 at 16:25 )

The discussion is more complex than that and they definitely don't perform miracles. Just good steady consistent returns. You can't see them in all the I do a gazillion pips a month systems we have here.

You'll need enough money, enough patience and enough knowledge to know when you're being managed properly.

99% of people looking for managed accounts are unrealistic in their expectations. But at least one of these dudes aren't really interested in anything less than $25k and certainly would look at me funny if I sent the masses to him.

Chang beer is evil.

Členem od Aug 01, 2009  941 zpráv(a,y) Elkart (Elkart) Sep 15 2010 at 16:56 (editováno Sep 15 2010 at 16:58 )
I should probably make a write up or something.

From the money managers point of view he needs a sophisticated client, or it just adds cost to the enterprise. There's a cost associated with every adjustment a client makes associated with the portfolio. You get a small fry withdrawing all the time or changing deposit amounts, the entire portfolio pays for that, i.o.w all the clients pay for one pleb.

The money manager that takes everyone and everything or gives 'tailored performance' based on your risk profile, is not the one you want. That is the money manager that doesn't understand yet what the costs are, and even worse let's client dictate the performance and thus risk. Client is looking for management, so already he doesn't understand risk or he'd be trading.

It's really important to match the right client to the right manager. So it takes more than just dumping some names down.

Chang beer is evil.

Členem od Aug 20, 2009  216 zpráv(a,y) Stephanus Rensburg (stephanusR) Sep 21 2010 at 09:35
Elkart posted:
It's really important to match the right client to the right manager. So it takes more than just dumping some names down.

Main problem with money managers are that they can setup hundreds of off-shore companies and hedge funds and only show you the funds that make money leaving out the losing accounts. They setup 100 EA's and let it trade these 100 funds automatically.

You would need to get this fund managers audited tax return, what is he trading for himself. He must be able to show his 50 losing and 3 winning accounts in his personal name, the same losing accounts he shows the tax man. If he can't do this then the only way to quantify his trading skill would be a single http://www.stocktwits.com account that is at least 1 year old . Stocktwits don't allow sock puppets on their servers.


Členem od Aug 01, 2009  941 zpráv(a,y) Elkart (Elkart) Sep 21 2010 at 10:19 (editováno Sep 21 2010 at 10:40 )
Takes money to do that IBC, it's about $5000 now. I don't think the EA dudes are bothering with that. So hundreds of offshore companies are out.

Don't think it happens as much as you think it does. I agree with a good due diligence though, but on a PAMM account you still have enough control to take a chance as you don't hand over money to a third party.

Scams are perpetuated at all levels as Madoff proved. Even slips by the best. Best defense - stay awake, diversify, use your brain. And if it's to good to be true, it is....

Chang beer is evil.

Členem od Aug 20, 2009  216 zpráv(a,y) Stephanus Rensburg (stephanusR) Sep 21 2010 at 17:22

Elkart posted:
    Takes money to do that IBC, it's about $5000 now.

It does take $5000 to open an offshore account which for a firm like http://www.myfxbook.com/members/WhyLose is no problem because he does it with other peoples money. He lists three winning accounts, the other 134 losing he doesn't tell us about.

On http://www.whylose.com/ he writes '...Our blog posts some of the trades we make automatically via our Trade Copier....'
We want to know about all the trades from all the accounts with the net gain or loss as % of equity employed. He lists three winning accounts each with a deposit of $3000, $3000 and $10000 for a total of $16000. This is a ridiculously small amount for a hedge fund trading forex and futures. It should be obvious that he informing us only about his winning accounts not those pesky losing accounts.

Now obviously I don't know how many losing accounts he has, that would be his problem as per the principle of falsifiability since he is making the claims.

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