T2W All Stars

[trader_dante]

I've got an idea and I wondered if anyone out there was interested.

It's just an idea and would take some planning but I just wanted to put it out there for your consideration.

The idea is to set up a trading account and have a select group of "regulars" from Trade2Win all trade it.

I was originally thinking to try and get traders from different areas of the world or ones that specialise in different markets.

So, some in London, (and Europe), the USA and Asia / Australia (alternative time zones). People would then be able to log into the account in their own time zones and are free to take positions (risk management parameters will come into play later on - daily stop out levels etc)

The idea is that the account is constantly in play as the sun passes around the globe and there is always someone watching the markets.

At the same time, every major market would be covered from FX to commodities. Shares, to indices, to bonds, to interest rates.

And every style of trading would be acceptable. The scalpers would be representing in the same way as the position traders.

Each trader would do what they do best.

We would see just what we could do with this (profits split between all the traders) and where it led us.

I have a lot of thoughts on how this would work out in reality (risk management, practicality of access etc) and have already done some groundwork.

Any thoughts?

 

[N Rothschild]

like a t2w hedge fund! its a great idea IMO. but the reality would be alot different, who is going to fund it etc, people would disagree on profit splits, what if one person screw it up and is pulling there weight etc etc. who decideds who is going to be in it, someone would need to be "in charge" who would that be etc

think it could have great potential but would take a while to come up with a winning formula and it would be needed to be treated exactly as if it were a hedge fund. IMO

 

[tar]

nice idea , but i dont think it will last long time !

 

[N Rothschild]

for starters i think you would need to make a limited company and do it that way, so all the members would be directors etc, then votes would be taken on decisions and stuff to prevent any sort of foul play

 

[TheHoneyMonster]

I like the idea, and the sentiment, but i am too busy with my personal trading to justify the time or effort for something like this.

 

[trader_dante]

for starters i think you would need to make a limited company and do it that way, so all the members would be directors etc, then votes would be taken on decisions and stuff to prevent any sort of foul play

Agreed. Originally I was thinking of funding the account myself but then I thought that if people all contribute in equal amounts then that would mean that people were more likely to take it seriously and not trade recklessly.

like a t2w hedge fund!

Exactly.

people would disagree on profit splits, what if one person screw it up and is pulling there weight etc etc.

I think one of the beneficial aspects of this idea is that you would be a part of a team - so that when you experience a natural drawdown, which happens to the best of us, there are others that have got your back. And in return, when they experience difficulty you will help the profits of the team. I think that if someone was trading badly - e.g. recklessly or consistently losing then they would possibly be excluded (there could be a quarterly review basis for members) I also think that whilst the members that trade it could be mentioned on these boards, it would not be appropriate or allowed to note the returns of individual traders only the fund as a whole. That stops anyone feeling their their "reputation" may be threatened as that will effect their trading. I think there would need to be someone overseeing it (initially I was thinking me but then someone neutral might be another alternative that could even be paid to do so) that would manage the risk and the traders.

 

[sighthound]

Would you set the stake sizes in case someone turned nasty and tried to blow the account

 

[N Rothschild]

i really think the best road to go down would be trying to manage funds as apposed to peoples own cash. i.e if 10 people put in say 1k or what ever, in theory they would end up no better than if they traded it themselves (or they were benefiting from the better traders in the group, which IMO is wrong).

Now if you had a few investors wanting funds managed it would be alot different, it could then be run as a proper company and everything would be done in the appropriate way and as you said perhaps have an over site committee. To start this i think you would need maybe one or 2 people to effectivly create the idea, then invite selected traders to join and then run it as a democracy, i.e votes on new traders being brought in etc etc...would get f uckin complicated!

 

[trader_dante]

Would you set the stake sizes in case someone turned nasty and tried to blow the account

Yes, this would be the most important consideration.

I think everyone would have individual trade loss limits (and daily / weekly drawdown limits).

This would be overseen by a risk manager.

 

[rawrschach]

How d'you figure who's good enough to get in?

I'd be interested, but I'm not exactly Livermore.

 

[Depth Trade]

Great idea, except for the fact that you can not trade FX.

 

[sighthound]

Just a thought as the concept would be well worth following,is it worth trying the idea using a demo account for a few months before any real monies were used to measure the success rate.

 

[arabianights]

If someone ****s up do they get stabbed to death, or what?

 

[Masquerade]

I just don't think there are enough good traders on here that i'd trust with my money. At least not the vocal ones. Besides...I can stay up 24hrs/day anyway without needing someone to do it for me.

 

[arabianights]

I can stay up 24hrs/day anyway without needing someone to do it for me.

prove it, stay up for this week. We'll form a pool to phone you every hour. Two grand says you can't.

 

[tar]

no need to stay wake 24 h

 

[trader_dante]

prove it, stay up for this week. We'll form a pool to phone you every hour. Two grand says you can't.

I'll add four to that.

Six grand if you can do it.

 

[tar]

I just don't think there are enough good traders on here that i'd trust with my money.

Agree

 

[N Rothschild]

If someone ****s up do they get stabbed to death, or what?

ill hapilly dish out a bit of discapline if needed!

 

[N Rothschild]

Great idea, except for the fact that you can not trade FX.

there goes a perfect Sunday RUINED by you crushing my belief you had been ****ing banned c o c k