|
PureBytes Links
Trading Reference Links
|
hedge fund usually get 20% and they pay all the costs through a 1%
annual management fee. 50% is insane!
Bando57@xxxxxxx wrote:
>
> Just to show traders what is out there..here's an offer I received this
> week...
>
> First off I am a position trader using end of day data..and I have been
> thinking of switching to realtime and daytrading..holding positions only to
> end of day....etc...
>
> I have been researching different methods...different software
> setups...different data suppliers...and I came across someone who was looking
> for a partner.
>
> Here's his offer:
>
> share the costs of data supply and software..he claims this would be $350 a
> month..we would have our own accounts but he would do the trading...he would
> charge me 50 percent of all profits made in my account.
>
> Is it just me but isnt that rather irregular...50 percent???.....if you factor
> in monthly costs...commissions...one or two months of losses i think would
> severely limit chance of much success...I mean the rate of return would have
> to be extremely high to make this viable..
>
> what is the going rate for managed accounts of this sort?..
>
> I just throw this experience out as food for thought?
>
> Rick
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
Tel: 201-995-0845
Fax: 201-995-0846
Email: swp@xxxxxxxxxxxxxxx
|