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Capital


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Capital

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  #1 (permalink)
soacm
Bucharest, Romania
 
 
Posts: 28 since Mar 2022
Thanks: 21 given, 5 received

Hi everyone, I am a small trader from Europe and I would like to ask an opinion to anyone that has some experience or can relate to my current situation. I have been working on building intraday trading systems for the past year, and I am now seeing some results. My systems can average 6-7% x month using a 2% risk per trade that was chosen based on my point of ruin (-10%). The main issue is that I am under capitalized, I took a look at the available proprietary firms and Fundseeder (Jack Schwager) and I would like to hear opinions/advices from the veterans in here or anyone that went through the same situation, thank you.

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  #2 (permalink)
 BA 21 
Southern MD
 
Experience: Beginner
Platform: TWS
Broker: Interactive Brokers
Trading: Futures
 
Posts: 55 since Feb 2017
Thanks: 19 given, 90 received

I was in a similar situation. I was undercapitalized and as a result, my trades couldn't survive drawdowns. So, I stopped trading two years ago, and took a portion of my capital ($25,000), and invested in a coffee company called Luckin, on June 26, 2020, $1.42 per share.

Today, it's stock price is $13.32. It was as high as $17, in Sept 2021. My investment is a long-term hold as there is still a lot of upside.

I know that my idea is not attractive to most traders (take a multi-year hiatus from trading to generate capital). But it was the only one that was feasible. Early on, it was difficult to not be able to trade. But as time passed, it became easier. Also, watching my capital grow, helped.

I don't know when I will return to trading. That depends on when Luckin's price target ($50/sh) is reached, and at that point I will have more than enough capital to trade the way I want.

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  #3 (permalink)
OccamsRazorTrader
Fort Myers Florida/USA
 
 
Posts: 36 since May 2020
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soacm View Post
Hi everyone, I am a small trader from Europe and I would like to ask an opinion to anyone that has some experience or can relate to my current situation. I have been working on building intraday trading systems for the past year, and I am now seeing some results. My systems can average 6-7% x month using a 2% risk per trade that was chosen based on my point of ruin (-10%). The main issue is that I am under capitalized, I took a look at the available proprietary firms and Fundseeder (Jack Schwager) and I would like to hear opinions/advices from the veterans in here or anyone that went through the same situation, thank you.

I trade a very simple system with a proprietary algorithm that I've derived, I'm up ~70% for the year on a decent sized account. My fear of all those including FundSeeders is the protection of my Intellectual Property. Jack Schwagger is very reputable and above board, but I don't understand why they want to be elbow deep into your trades to see your buy sell signals signals. I would only consider a black box type of situation where anyone funding wouldn't be able to see my trade signals, but not being from the field (or known in the field) that is probably impossible. I wouldn't mind having an independent audit of my daily account balance- but not my trade signals. If this limits me, so be it, I'll trade this thing out and build the account slowly ....... Good luck to you.

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  #4 (permalink)
soacm
Bucharest, Romania
 
 
Posts: 28 since Mar 2022
Thanks: 21 given, 5 received


BA 21 View Post
I was in a similar situation. I was undercapitalized and as a result, my trades couldn't survive drawdowns. So, I stopped trading two years ago, and took a portion of my capital ($25,000), and invested in a coffee company called Luckin, on June 26, 2020, $1.42 per share.

Today, it's stock price is $13.32. It was as high as $17, in Sept 2021. My investment is a long-term hold as there is still a lot of upside.

I know that my idea is not attractive to most traders (take a multi-year hiatus from trading to generate capital). But it was the only one that was feasible. Early on, it was difficult to not be able to trade. But as time passed, it became easier. Also, watching my capital grow, helped.

I don't know when I will return to trading. That depends on when Luckin's price target ($50/sh) is reached, and at that point I will have more than enough capital to trade the way I want.

Thank you for sharing your experience, if you do not mind me asking, wasn't 25k enough to trade micro contracts?

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  #5 (permalink)
 BA 21 
Southern MD
 
Experience: Beginner
Platform: TWS
Broker: Interactive Brokers
Trading: Futures
 
Posts: 55 since Feb 2017
Thanks: 19 given, 90 received


soacm View Post
Thank you for sharing your experience, if you do not mind me asking, wasn't 25k enough to trade micro contracts?

My total capital was $100,000. I took the remaining portion of it ($25,000) and invested it in Luckin, in June 2020. The other portion was invested in March 2020, after the market meltdown. I invested in energy stocks betting that they would be worth much more when the economy reopened. I liquidated in March 2021 for a sizable profit. Instead of using the profits to return to trading, I paid off my mortgage and car note.

To answer your question, $25,000 was not to trade micro contracts, and my initial capital of $100,000 wasn't enough for me to trade contracts (standard or micro), because I want to trade for a living.

To trade for a living, I need approximately $500,000 of capital, and zero debt. That's why I decided to pay off the mortgage, and hold on to my other investment, instead of returning to trading.

I believe one can trade better without having to worry about paying the mortgage, car note, and other outstanding loans.

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  #6 (permalink)
 SomePsychoDude 
Genova.Italy
 
Experience: Beginner
Platform: TradingView
Trading: anything
 
Posts: 193 since Mar 2021
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soacm View Post
Hi everyone, I am a small trader from Europe and I would like to ask an opinion to anyone that has some experience or can relate to my current situation. I have been working on building intraday trading systems for the past year, and I am now seeing some results. My systems can average 6-7% x month using a 2% risk per trade that was chosen based on my point of ruin (-10%). The main issue is that I am under capitalized, I took a look at the available proprietary firms and Fundseeder (Jack Schwager) and I would like to hear opinions/advices from the veterans in here or anyone that went through the same situation, thank you.

Trade cfd, you can start with 100usd, so undercapitalization is no problem. For those who are in Europe, trading real futures contracts where you're penalized by commissions is just no make any sense. Top Cfd providers pay you a million and more in one withdrawal, so no worry about that, it's ridiculous.

If you trade NQ/SPX go to Activtrades. If dax, then roboforex or admiralmarkets. Different dealers because of better conditions for one or another.

At fundseeder they are looking into the traders who trades with at least 50k and stats year+

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