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Length of track record and managed accounts?

daytradejay (daytradejay)
Sep 07 2012 at 09:25
4 posts
Does anyone have experience with finding customers for managed accounts? Also which PAMM broker is best? I have 0 experience with PAMM brokers.

What do investors generally consider 'a good track record' and what is the time length for said track record?
I'm under the assumption that most are looking for 3-year average minimum, similar to hedge fund listings. Or maybe I'm wrong about that. Just want to know if I have a leg to stand on with 6 months of verified trading results.

And any other advice would be helpful. I'm taking my series 65 exam, have an LLC, but I'm certain those are not required to do this.

othergoods
Sep 07 2012 at 11:36
21 posts
Nah mate, you ain't .. your just spamming us poor lil ole weak kneed pensioners with our purses under our beds awaiting your cruel devices .. Ohh you deville you haha..

Oh the merrry merry month of spaaaaaaammmmmmmmMMMMMMMMM

James_Bond
Sep 07 2012 at 13:56
556 posts
6 months is a nice starting point. I don't have any experiences with pamm brokers.

Nowadays I don't think most of the traders have any licenses, they simply work through different services such as pamm brokers or account mirroring services (like zulu, tradency). In any case, those can only help you in acquiring clients.

RD123 (RD123)
Sep 22 2012 at 17:19
12 posts
Past performance is no indicator of future results. There have been many traders who are 'on fire' for a few months of a couple of years and then burn out and give it all back.

If you want someone to trade an account, go with some recent performance and make sure you have the ability to do real-time monitoring of the account and have a pre-determined drawdown limit in place with the trader/manager.

Yes there are taders that have long-term profitability. But they are few. Just stick with what works until it doesn't work anymore.

That, or you could just take the time to learn how to trade yourself.

It's not the market. It's not the spread. It's not slippage. It's not the broker. It's not the system. It's YOU. Once you stop whining and making excuses, you can start winning.
umngane (umngane)
Dec 11 2013 at 20:33
2 posts
Agreed. No system or trader is perfect. Don't trade what you cannot afford to lose. Make sure your drawdown is manageable. Don't get greedy and reckless.

You only get one shot
minyu2 (minyu2)
Dec 12 2013 at 11:40
38 posts
daytradejay posted:
Does anyone have experience with finding customers for managed accounts? Also which PAMM broker is best? I have 0 experience with PAMM brokers.

What do investors generally consider 'a good track record' and what is the time length for said track record?
I'm under the assumption that most are looking for 3-year average minimum, similar to hedge fund listings. Or maybe I'm wrong about that. Just want to know if I have a leg to stand on with 6 months of verified trading results.

And any other advice would be helpful. I'm taking my series 65 exam, have an LLC, but I'm certain those are not required to do this.


Performance is one thing. But more important is to make sure that the risk taken will not blow trading account. Investors should understand the fundamentals of the strategy whether it is discretionary or systematic strategy.
3 years of track records are sufficient but nowdays we can backtest strategy up to 10 years.

HolyCow
Dec 31 2013 at 07:39
41 posts
There is way to get funded by trading Demo account for just 20 trading days. Make it through TST or Pulsar tryouts and trader gets funded. However there is so many rules I doubt many day traders who show profit here could have done so on controlled demo accounts which designed with risk first in mind. I think in all circumstances risk must be put first and profit second.

wanchoon
Jan 01 2014 at 13:59
3 posts
Put your leg into the water so you know for yourself. Open the account and experience it for yourself.

johncarrus (johncarrus)
Jan 02 2014 at 07:36
42 posts
The most recent 12 months of live trading. And yes.. it must be with a live account. Live is different then demo.

Don't make any promises to the investors.. tell them it is risky like it is but you'll do your best.

When the waves are good- Ride them, If they are not, wait for the next set
FXtalk_eu
Jan 05 2014 at 07:57
6 posts
I think good benchmark I suggest to community is to observer system during first major draw down and how it recovers. If it makes a new equity high after major DD then wait for next similar level DD and only then join EA/Signal/ whatever it is.
It usually takes more then 3 months.

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