>20 pips a day

[Tzachi]

Hi all,

What would you do if you have a trading system that generates constantly at least 20- 30 pips a day ?

Will you sell signal? (marketing, deal with clients, etc…)
Will you establish a hedge fund? (legal requirements, raising funds, clients…)
Or will you be quite, trade your own account and accumulate your fortune?


Tzachi.

 

[FetteredChinos]

i'd probably fade the signals.

 

[Bangbang]

Mmmmmm...

Hi all,

What would you do if you have a trading system that generates constantly at least 20- 30 pips a day ?

Will you sell signal? (marketing, deal with clients, etc…)
Will you establish a hedge fund? (legal requirements, raising funds, clients…)
Or will you be quite, trade your own account and accumulate your fortune?

Will appreciate your input/comments

Tzachi.

I think there is people out there that generates more than that beliveme.... and with confidence, you look new to currencies and like if you had discover a gold mine. Me , just would play in simulator at least 1 year and see if your profits one day doesnt turn in losses in minutes, now im look like a losser i dont want to be dramatic ....

Good luck and i am open to an invitacion in your future new privet jet or yacth

 

[Tzachi]

Bangbang,

"you look new to currencies" .......

Into fx for more than 2 years (full time). I use this system for the last 8 months.
Trade equities & options for many years, so I know a little bit about trading....

I really looking for opinion not about my trading capabilities but for what I asked above.

Thank you for your honest opinion in advance.

Tzachi.

 

[Verno]

Tzachi,

You are unlikely to make much from selling 20-30pip a day as others sell signals claiming more like 50 pips.

You can't setup a hedge fund as the size you would need to trade in order to make returns on a 100m or 1bn portfolio would move the market. In addition with large size you cannot simply get in and out quickly, especially if trades go against you.

My advise is keep it to yourself and make lots of money. If you want then share it with a few friends or trusted people to help them? If you really wanted you could offer to manage friends and family money for a fee and thus become more of a money manager than a hedge fund. This gets dangerous if it all goes tits up so I would advise against it.

Verno

 

[Bangbang]

I apologise

Then i agree with Vero´s post, make your self rich and be generous later , and sorry for my first post sounds a litle mmmmmm but wasnt my intetion

Good luck!!!!

 

[G-Man]

Option 3 is the best bet.

Make your money then sell a book telling everyone how you did it.

G-Man

 

[Texas_Hedge]

"Will you establish a hedge fund? (legal requirements, raising funds, clients…)"

I Would seriously look at this option....

Peter

 

[Tzachi]

Bangbang,

Accepted

Thank you all. I really appreciate your replies that will help me find the way I will go with it.

Tzachi.

 

[commanderco]

Hi all,

What would you do if you have a trading system that generates constantly at least 20- 30 pips a day ?

Will you sell signal? (marketing, deal with clients, etc…)
Will you establish a hedge fund? (legal requirements, raising funds, clients…)
Or will you be quite, trade your own account and accumulate your fortune?

Will appreciate your input/comments

Tzachi.

Stick to option #3
You have not stated your W/L.
ie if your system makes 300 pips and loses 270
for a net 30 pips, I would keep your little secret to yourself.

You will need to be much more confident in disclosing your results,
otherwise you will smell of amateur.

Me; I would not get excited about 20- 30 pips per day, unless the W/L =36/6
in which case with that %A I could maasage a lot more than 30 pips in a session.

 

[v01101999]

may be publish your trades in real time on this board to give an idea how successful your system is.

 

[Tzachi]

v0110199,

The Q. was not if my system is good or not. It makes more than 20 pips a day, every day. w/l of >85%.

The Q. was what is your opinion about signal/hedge/own account trades.

You can see it here:

http://www.trade2win.com/boards/showthread.php?t=15763


Tzachi.

 

[rexxrexx]

here's why

if you post your system.....the market operators will take it out by having the price action act differently, nulling its needed signs or input signals.......this takes them about three days or four, once it is noted on a forum....do you believe me?.......GBP/JPY

 

[schoe]

if you post your system.....the market operators will take it out by having the price action act differently, nulling its needed signs or input signals.......this takes them about three days or four, once it is noted on a forum....do you believe me?.......GBP/JPY

You really believe that rubbish. Forex is a multi trillian pound industry with major trading by Banks and institutions, hedge funds, arbs.

They are not going to worry about 20 pips a day from the man in the street!

 

[sandrab]

can't understand how T2w are allowing commercial selling. Read their rules

 

[frugi]

I can't see any overt selling in this thread I have to say sandrab. That may change, of course , but so far he's only asked "What if..." rather than the usual "I have and do you want it for a mere $x per month?"

 

[Noodles]

If anyone finds themselves in the situation where they can regularly average 20-30pips per day over the medium term, then I' d say they would hardly need to complicate their lives by opting for the first two options.

This level of 'success' along with studious deference to the market and appropriate emotional control would cultivate a comfortable lifestyle in a surprisingly short time. Once that stage has been reached, then why not spend the time supporting a friend to learn the art... After that both of you could do 2 hours work a day and then go find a suitably hedonistic financal outlet to your achievements..... T'is my plan!

 

[Tzachi]

Frugi,

Thank you. There is NO system here for sale and NO promoting any service. Its is a real qustion that I try to get smart traders' input.


Noodles,

Thanks. I start to see the light with all the replies here and on another site. Most traders tells me the same like u and I think that it will be my way of just trading it.


Tzachi.

 

[LevII]

Option 3 is the best bet.

Make your money then sell a book telling everyone how you did it.

G-Man

G-Man,

How are you doing with the method you are assessing?

LII

 

[TWI]

Tzachi,

It depends on your financial situation. If you can generate average returns of 20-30pips/day and you have enough capital to cover living expenses while you compound your account to the point where you can trade sufficient lottage to take a living out and continue to grow your trading pot sufficiently then I would trade it yourself.
If however, like a lot of self funds you find you are making only enough to cover your living/business costs and so the account does not have a chance to compound then it may be better to tie yourself into an umbrella structure under a regulated company who will provide funding and continue to increase funding based on your performance. There are a number of hedge funds that look for programs like yours but you need to demonstrate that you will continue to perform with a larger account and and show slippage implications.

Do you have auditable track record for last 8 months?
What is your average trade profit/loss ?
What is expectancy of system (1-(Av Win/AvLoss)*%profit trades -1) ?