College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; Ok, last night's trade is still open and aside from that, Account 1 received : +26 pips and Account 2 ...

View Poll Results: How close to my goal of $2,000,000 do you think I will get?
You think I will blow the account and my $100 will be lost. 79 58.52%
You think I will somewhat earn a profit $200-$1,500. 17 12.59%
You think I will get a pretty good return but not close to $2,000,000. 27 20.00%
You think I will get way more then $2,000,000. 12 8.89%
Voters: 135. You may not vote on this poll

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Old Jul 16, 2011, 12:48am   #91
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Ok, last night's trade is still open and aside from that,
Account 1 received: +26 pips and

Account 2: +26 pips as well.

The grand total gain for the week is: +7.1%
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Old Jul 16, 2011, 1:52am   #92
Joined Jul 2011
Re: College Fund Challenge

If you can generate $2,000,000 with this system why not just lease it to hedge funds or whoever and chill on the resultant proceeds (e.g. 10% of profits generated by it+tasty up front fee)? If it is good enough to generate the kind of returns you speak of, or anything close to them, then surely people will pay very good money to get that edge?

If you can get steady, consistent and non-luck dependent returns of 50% a year even, then why not try to get access to serious capital (i.e. join a hedge fund or bank)? If they really think you can get 50% a year I'm sure they'll give you all the money you want and a fat cut of the resultant profits. Is it just that market dynamics change when you get above a certain level, i.e. those small trades, small openings and so on are no longer feasible?

Anyway, whatever happens, good luck.
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Old Jul 16, 2011, 8:48pm   #93
Joined Sep 2010
Re: College Fund Challenge

Starting funds on Monday 13th June £391

ACCOUNT BALANCE JUNE 2011
13th £391 = $642
17th £428 = $688
24th £443 = $707


ACCOUNT BALANCE JULY 2011
1st £458 = $733
8th £487 = $777
16th $492 = $793 one trade is still open over the weekend
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Old Jul 17, 2011, 2:02pm   #94
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by jthetrader View Post
If you can generate $2,000,000 with this system why not just lease it to hedge funds or whoever and chill on the resultant proceeds (e.g. 10% of profits generated by it+tasty up front fee)? If it is good enough to generate the kind of returns you speak of, or anything close to them, then surely people will pay very good money to get that edge?

If you can get steady, consistent and non-luck dependent returns of 50% a year even, then why not try to get access to serious capital (i.e. join a hedge fund or bank)? If they really think you can get 50% a year I'm sure they'll give you all the money you want and a fat cut of the resultant profits. Is it just that market dynamics change when you get above a certain level, i.e. those small trades, small openings and so on are no longer feasible?

Anyway, whatever happens, good luck.
You know, I never thought about that and not sure where I would begin. If you or anyone else could steer me to some information about that, that would be great. I'm googling now.

50% a year?, huh, 10% a month is so doable and crazy easy. Compounded, that would triple anyone's account in a year.

Thanks for the advise. Something to think about.
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Old Jul 17, 2011, 2:16pm   #95
Joined Jul 2011
Re: College Fund Challenge

Extremely interesting thread... read the whole thing... will be watching!
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Old Jul 17, 2011, 10:39pm   #96
Joined Jul 2011
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
You know, I never thought about that and not sure where I would begin. If you or anyone else could steer me to some information about that, that would be great. I'm googling now.
Unfortunately I can't give you many hints in terms of getting into hedge funds etc I am going to be trying myself in a few years, hopefully.

I suppose the only thing you can do, if you have no formal background in economics/investing, is send a copy of your trade history to them, along with the details of people who can verify that it is real. If you really can do 10% a month consistently i.e. irrespective of market direction, and without extreme leverage, then I can't see why they would turn you away. In the end they care about the bottom line and not much else.

Quote:
Originally Posted by tkbieber

50% a year?, huh, 10% a month is so doable and crazy easy. Compounded, that would triple anyone's account in a year.
Returns get progressively more difficult to generate as you start handling large sums of money though, Warren Buffett openly stated that he could guarantee to do 50% a year with $1 million. The opportunities that exist for someone with a relatively small amount of capital to allocate are much greater than those which exist for those with large sums of money to allocate.

10% a month consistently is insanely good, if you can do it with large sums for a long period of time you would be richer than either Soros or John Paulson.

However consistency seems to be the key, to give you a clue of just how much passive investors lust after consistent returns look no further than the Bernie Madoff case. Madoff attracted billions of dollars by offering 1% a month returns, they were predictable and didn't seem to be dependent upon market conditions (as it happened of course Madoff was a crook and was not investing the money at all). Investors at his firm were afraid to withdraw their money for fear they would not be able to get it back in with him, and that was with 1% a month; with 10% a month everyone would want their money with you.

Quote:
Originally Posted by tkbieber

Thanks for the advise. Something to think about.
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Old Jul 18, 2011, 6:12am   #97
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by jthetrader View Post
Unfortunately I can't give you many hints in terms of getting into hedge funds etc I am going to be trying myself in a few years, hopefully.

I suppose the only thing you can do, if you have no formal background in economics/investing, is send a copy of your trade history to them, along with the details of people who can verify that it is real. If you really can do 10% a month consistently i.e. irrespective of market direction, and without extreme leverage, then I can't see why they would turn you away. In the end they care about the bottom line and not much else.



Returns get progressively more difficult to generate as you start handling large sums of money though, Warren Buffett openly stated that he could guarantee to do 50% a year with $1 million. The opportunities that exist for someone with a relatively small amount of capital to allocate are much greater than those which exist for those with large sums of money to allocate.

10% a month consistently is insanely good, if you can do it with large sums for a long period of time you would be richer than either Soros or John Paulson.

However consistency seems to be the key, to give you a clue of just how much passive investors lust after consistent returns look no further than the Bernie Madoff case. Madoff attracted billions of dollars by offering 1% a month returns, they were predictable and didn't seem to be dependent upon market conditions (as it happened of course Madoff was a crook and was not investing the money at all). Investors at his firm were afraid to withdraw their money for fear they would not be able to get it back in with him, and that was with 1% a month; with 10% a month everyone would want their money with you.



Yeah, I don't know much about hedge funds nor do I think I want to. However, I am looking into being on investment firms looking for traders. That I am seeing interest in. We will see. It seems like people are happy with consistent 5-10% a month and even less and that is so easy to achieve.

Anyway, well Friday's trade is still open, now about -58 pips. A possible sell may happen tonight but a little soon to tell yet.

I'm off to bed and we will see how the trade plays out tomorrow.
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Old Jul 18, 2011, 1:58pm   #98
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread As I thought, I got a sell last night.

+25 pips

I'm ready for Fridays' trade to close out now.
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Old Jul 18, 2011, 4:28pm   #99
 
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Joined Jul 2008
Re: College Fund Challenge

If you find anyone who wants to put a decent amount of money into this, I'm sure you can sell their details for a couple of grand a pop.
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Old Jul 19, 2011, 1:22pm   #100
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Although the set up was good for a buy last night, I did not place a buy because I am already in a buy position from Friday and I won't double my risk. It came close to closing out last night but looks like I wait a little longer.

Currently -36 pips.
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