Looking for an experienced futures trader.

Sai

Junior member
20 1
Hi,

I am setting up a mini investment fund in Manchester. I require an experienced futures trader to manage client funds.

I have access to alot of investment capital. You will be provided with office space to trade client accounts with me.

I'm looking for traders with at least 4 years experience, would like to work or are based in Manchester and have a proven track record of consistently making profits in the futures markets, (with account records to prove it).

There will be many doors that will open up for you if you take advantage of this opportunity.

If you're interested and have any questions please PM me.

Thanks..
 

RichieE

Well-known member
279 17
Hi,

I am setting up a mini investment fund in Manchester. I require an experienced futures trader to manage client funds...
Manchester!?!??! I hope that there is a premium for living and working there! [INSERT 'SARCASM' ICON HERE]
 

grantx

Senior member
2,331 223
Sai,

Are you ISD or Non-ISD, and what category (I'm assuming these still apply)?

Grant.
 

Sai

Junior member
20 1
Hi folks,

The position has been filled. Just like to say thanks to the people who responded.

Peace..
 

BSD

Veteren member
3,819 984
Good stuff, great for you that you found someone from this board, and great for the person who got the position.

Good trading guys :)
 

grantx

Senior member
2,331 223
BSD,

Exactly.

Grant.
 

temptrader

Well-known member
393 55
Hi,

I am setting up a mini investment fund in Manchester. I require an experienced futures trader to manage client funds.

I have access to alot of investment capital. You will be provided with office space to trade client accounts with me.

I'm looking for traders with at least 4 years experience, would like to work or are based in Manchester and have a proven track record of consistently making profits in the futures markets, (with account records to prove it).

There will be many doors that will open up for you if you take advantage of this opportunity.

If you're interested and have any questions please PM me.

Thanks..
I don't mean to sound totally and utter moronic, but why on earth would any successful futures trader want to trade other people's money? Unless there is something seriously in his advantage (like we are talking hundreds of millions to play with), or as some kind of ego trip in supervising others/telling them what to do . . .

If I were taking thousands a day out of the market, you can rest assure that I'd keep a very low profile. Doing something like this would put me in a position of obligation and hence it would not be worth my while in nearly all cases.
 

Mathemagician

Established member
603 129
I definitely see your point, and I used to feel that way myself. When I examined the issue a bit more closely, though, I found that there are some pretty compelling benefits to managing OPM. While I cannot speak for all advisors, these are two of the main reasons that impacted my personal decision to take on outside accounts:

Probably the easiest to understand reason is that by trading OPM one can trade strategies that would otherwise be inaccessible to them. As an example, I run an asset allocation program that requires extreme diversification as well as the flexibility to dynamically manage the sizes of the positions. By forming a pool I am able to execute this trading program as it is designed, trading my own capital alongside that of clients. This results in an improved trading performance for this program.

A second reason is that trading OPM increases your ROIC dramatically if you do it right so long as you have excess capacity. To a trader, having idle capacity is like owning a factory that only runs at significantly less than its maximum production rate. Many factory owners lease out their excess capacity and trading OPM is no different. An example is my emini daytrading program, which I can execute on my own capital with little difficulty. However, by taking on client funds and executing in an APS account (with APS we all get identical fills at the average price of the buys and sells) I not only improve the efficiency of my own trading, but also earn a percentage of the profits in client accounts. Further, the management fees cover my operating expenses. In other words, invested capital is reduced and returns go up, providing a pretty dramatic bump in ROIC with no additional risk vs trading only my own capital. This is very compelling.

I'm sure that there are many other reasons that are applicable to each advisor, but these are two of the main reasons that impacted my decision to take on client accounts. Both reasons illustrate a win/win for the client and advisor.

jj
 
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temptrader

Well-known member
393 55
jj,

While I do take your points on board, I feel that where I am in terms of trading skills and the money I'm making I wouldn't even entertain the possibility of trading OPM. And since none of my "strategies" involve diversification techniques that leaves that reason out.

The second reason is more interesting, but again I still will not go that route. My reasoning is that if you need more capital you should just trade to make it yourself (and the lessons learnt in dealing with more contract size would stand you in good stead), unless you are looking to starting a big hedge fund.

I believe that, no matter what most people say, this game is all about making "more" money, and that's a direct consequence of better trading abilities. And if you can trade OPM then I have to raise my hat off to you since that means you are dealing with an additional pressure element that I cannot see myself taking on board at this stage in my journey.
 
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Mathemagician

Established member
603 129
Oh, there is no doubt that trading OPM isn't for everybody. My point is that it's not for nobody either. There are good, sound, logical reasons for a successful trader to take on outside capital.

jj
 
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