+400% is really great - IF - you followed your own system's rules and the rules made you the profit, not luck.
But the drawdown has to be frightening. Sounds like you already recognise too much correlation across open trades?
Hi joe7777 - OK, I'm bored, I'm going to reply.
If you're genuinely scouting for talented traders, you've been badly briefed. Any trader making 25% a month consistently doesn't need you, your partner or any clients. Even if they started with only $5,000 and didn't withdraw any profits from the account, they'd be a millionaire by the end of Year 2. What do they need you for?
So the replies you get will be from traders who don't make 25% a month and are prepared to lie that they have. The next question is whether you are prepared to pass on their lies to your clients.
The question after that is, what sort of large investor client thinks they can bring you in to find traders who can consistently make 25% a month? If they're such mugs over this, how did they get to be such large investors in the first place? Or maybe you don't yet have any large investors?
So, you think you're going to be running an operation with mugs on the staff and mugs as clients. Doesn't say much for you as a partner or employer does it?
Please tell me I'm judging unfairly and I've got this all wrong. Can't wait for Christmas to be over.
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