Looking for backers

liam1om

Member
70 0
Good Afternoon everyone,

I've been trading now for about 6 years. For the past five years I have a successful track record and have on average recorded a 200% return on investment for each year.

I've been trying to find out how I could possibly get backing to increase my size as even though I'm doubling my money every year I would like to get up to a respectable size where I could make a good return for both myself and the backer.

I'd appreciate any advice anyone can provide on finding a backer?

Thanks.

liam1om
 

liam1om

Member
70 0
Well done. Doing as well as that you don't need a backer, you need a banker.

Thanks. I suppose I'm getting impatient and would just like to up my size.

200% sounds, good but when you start from a low fiqure and then take into account money used to pay bills, its hard to build it up enough to see the sort of returns I would like to make.
 

DowJones

Experienced member
1,073 391
Good Afternoon everyone,

I've been trading now for about 6 years. For the past five years I have a successful track record and have on average recorded a 200% return on investment for each year.

I've been trying to find out how I could possibly get backing to increase my size as even though I'm doubling my money every year I would like to get up to a respectable size where I could make a good return for both myself and the backer.

I'd appreciate any advice anyone can provide on finding a backer?

Thanks.

liam1om

Of course if you were in fact producing 200% pa returns you would be aware that
this is tripling your money (not doubling as you state above - a subtle difference of about 100% per annum).

Also if you continued to compound at that rate, & assuming a small starting pot of £10k, you'd currently be sitting on just under £2.5 million of trading capital. At which juncture I posit that you would not be on this esteemed site, asking random people on the interwebs to back you. Just a thought...
 

liam1om

Member
70 0
Of course if you were in fact producing 200% pa returns you would be aware that
this is tripling your money (not doubling as you state above - a subtle difference of about 100% per annum).

Also if you continued to compound at that rate, & assuming a small starting pot of £10k, you'd currently be sitting on just under £2.5 million of trading capital. At which juncture I posit that you would not be on this esteemed site, asking random people on the interwebs to back you. Just a thought...

Yes, slip of the tongue or fingers there. Tripling is the correct word.

As I said, I tend to withdraw what I make, to pay for bills etc. It's been quite a slog getting my account to where it today.
 

tomorton

Legendary member
8,172 1,239
Hi liam1om - This thread could run if you are prepared to give away something about how you're doing what you're doing.

As far as I know, there's no recognised strategy that promises to triple your money annually. This suggests that to triple your money annually you would have to ignore risk management - effectively take silly risks and be lucky. Not a good basis for a backer to get involved.

Statistically, some traders can be lucky for a little while, but 5 years is a long time - are you that good or are you just very lucky?
 

liam1om

Member
70 0
Hi liam1om - This thread could run if you are prepared to give away something about how you're doing what you're doing.

As far as I know, there's no recognised strategy that promises to triple your money annually. This suggests that to triple your money annually you would have to ignore risk management - effectively take silly risks and be lucky. Not a good basis for a backer to get involved.

Statistically, some traders can be lucky for a little while, but 5 years is a long time - are you that good or are you just very lucky?

Hi tomorton - I trade UK equities only. Mostly short term trades on margin.

I generally trade anything on the FTSE350. I wouldnt say I do anything unique, but I feel like I have a knack for feeling when things might turn sour and can spot an oportunity as it arises.

I should point out, I've made the 200% per year using margin. BUT I wouldn't say I take huge risks, but calculated trades with sensible stops etc.
 

Forexmospherian

Legendary member
39,928 3,301
Thanks. I suppose I'm getting impatient and would just like to up my size.

200% sounds, good but when you start from a low fiqure and then take into account money used to pay bills, its hard to build it up enough to see the sort of returns I would like to make.

Hi

Did you start with just $10 or $20 ?? - as even on $100 after 3 yrs you would have a very decent size account ??

Otherwise if you started with over $100 capital did you basically take out 70 -90% of the monies you made and only left a small amount in as capital - ie by year 3 or 4 instead of having a $20k + capital pot - you had withdrew say $17k and then was only trebling $3k and similar next year ??

Otherwise as DJ as suggested - something not right at all - and for you to get to that stage after just 1 year of prior trading makes you even more suspicious.

Yes - if you had already 5 or 7+ yrs behind you but you would not be able to keep compounding at that rate as you would hit your own "psychological financial wall" and also a completely different ballgame with your new size in the market place.

GL with finding a backer but I think they will find out its not quite as you are portraying it and if you are ever given a few hundred K or a million to play with expect then entirely different results ;-)

Regards


F
 

liam1om

Member
70 0
Hi

Did you start with just $10 or $20 ?? - as even on $100 after 3 yrs you would have a very decent size account ??

Otherwise if you started with over $100 capital did you basically take out 70 -90% of the monies you made and only left a small amount in as capital - ie by year 3 or 4 instead of having a $20k + capital pot - you had withdrew say $17k and then was only trebling $3k and similar next year ??

Otherwise as DJ as suggested - something not right at all - and for you to get to that stage after just 1 year of prior trading makes you even more suspicious.

Yes - if you had already 5 or 7+ yrs behind you but you would not be able to keep compounding at that rate as you would hit your own "psychological financial wall" and also a completely different ballgame with your new size in the market place.

GL with finding a backer but I think they will find out its not quite as you are portraying it and if you are ever given a few hundred K or a million to play with expect then entirely different results ;-)

Regards


F

I started with 10k. But as you said, I generally take out most of the profit per year, which is why it's taking me so long to build it up.

There's nothing suspicious, my account is fully verifiable.
 

Forexmospherian

Legendary member
39,928 3,301
I started with 10k. But as you said, I generally take out most of the profit per year, which is why it's taking me so long to build it up.

There's nothing suspicious, my account is fully verifiable.

Therefore you are not making 200% per annum on a compounding basis and you must be withdrawing anything from $30 to $45k per annum in first 2 yrs or even more and then you might in year 3 say only treble a $5k account.

That's fine and similar to what i do on my account but with larger capital - but its mislead many other traders here to think you are saying you have been compounding for 5 years on a larger capital account each year.

Still really good going for such a short period to gain experience - many traders are only just about getting to B/E or small profit gains after year 3 or 5 - after burning out 1 or 2 accounts on the way - so well done

Regards

F
 
 
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