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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
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