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I have developed a great trading system. Now what!!
Trading: US Futures and Equities, US Options, ETFs, Commodities, EUR/USD
Posts: 82 since May 2013
Thanks Given: 56
Thanks Received: 38
I need feedback.
During the last 5 years I have been working in a trading model. Now is ready. It went live about 12 month ago.
The system is composed of strategies that I learned working in the prop desk of banks in the US and EU. Some I purchased and improved and others I learned from coworkers and specialist in the market. However I have tweaked everything to match my personality and trading flows from the order book.
Now, I am managing friends and families accounts in Europe and South America. However, now is the time to go pro (making a living). The trackrecord, a year already, is as good as hedge funds. The account is up 18% with a Vol of 9. All the last 12 months are positive after trading fees.
I am using the managed account system from Interactive Brokers. I manually trade US Stocks, Options, ETFs and Commodities, hedges are done with futures. About 50% of the alerts are automatically generated - but I filter all of them.
There are about 7 strategies on the portfolio, 2 of them have 90% chances of winning trades over the last 3 years. Of course, there are options strategies.
Do you know how to continue from here?
Can you help answer these questions from other members on NexusFi?
What do you mean when you say it's time to go pro? I mean, if your system is working then just trade it. If you mean "go pro" to be run a hedge fund or manage other people's money, then the next step is to set up a business to do such that and shop your track record around. Lots of asset managers are looking for good money managers to trade funds for them. You should really talk to some "pro" that does what you want to be doing and look for advice from them on how to get into the biz.
There is something fishy here.
Why would someone announce has got a winner with 90% winning rate then not sure how to operate a business when has spent a number of years with large institute.
You never know...like another person here who promised to make you a winner and guaranteed 1200.00 a day return for a fee.
none of his strategy stuck and strategies kept changing...ended up with nothing in hand but he got rich as he must have sucked few more people in...
It's "90% chances of winning trades over the last 3 years", and with small targets and huge stops, it's possible. It's also very doable selling deep OTM options.
I won't say it's very safe, but mathematically possible.
Trading: US Futures and Equities, US Options, ETFs, Commodities, EUR/USD
Posts: 82 since May 2013
Thanks Given: 56
Thanks Received: 38
Hello Sharmas,
I see your point; this is why i asking for feedback. The strategy about doing combos strategies 85 days to expiry and closing before reaching 45 days of expiry ... it is a strategy that gives an insurance to the big players how are willing to pay 200k plus to protect a 20 million trade for 20 or 30 days...
The strategy holds about 4% of the monthly risk with a max of 6.9% - (stop loss)- is good because of the high% of profitable trades but it is risky. There are different ways to manage the risk.
My issue is that nowdays is not so easy to get funded as it was in 2004 to 2007. I could compete with performance but now with infrastructure.
However if I was in your positiion -- i would say the same – smells fishy -- but i can share some info - if you want
