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Sean,
At Date: Mon, 7 Jan 2002 21:16:05 -0800 you wrote:
From: Sean Cassidy
<scassidy@xxxxxxxxx>
Subject: Capital For A Profitable System???
Hello realtraders,
I have been using a trading system for 5 months now that I was given
by a very well known systems developer. I have done very well using
this system making at least 8% every month with my best month being
17%. I was just wondering if anyone out there can think of a way for
me to get more capital? Mine is very limited and it has gotten to the
point where I need more because the system sems to be consistently
doing very well. Any advice? I am currently not licensed....but
studying for it.
Sean
You asked for advice.
I am pleased you are doing well. May it continue for years to
come. May you go from strength to strength.
I am about to ask you some tough questions as my attempt to get you to
give yourself some advice.
If you have thought it all through and are comfortable with your answers
then may your success continue unabated - you deserve your
success.
If not then think about the questions and your answers.
If you react emotionally to any of the questions then this is a very big
hint you are not ready for the big step of managing others
money.
Emotions are our way of telling us we are off the path that leads to our
objectives and constraints.
That is why an emotional reaction tells you something useful about your
path.
From your confidence I am sure you have forward tested your
system/methodology for many years of historic data including slow and
fast, small and large moves up and down and short and long sideways
moves. Is this true?
Since your approach seems to more than doubles your equity every year,
what is the hurry?
Are you aware of the additional emotional capabilities needed to trade
other peoples money?
If the answer is yes, are you aware of the additional pressures on you
and whether it will be worth it for you (and I do not mean fees and/or
profit share)?
Have you spoken to a CPA and asked her/him about the transition you are
considering?
Are you ready?
Hope this helps you either confirm your plans are OK for you or that you
have more work to do.
Ric Ingram
www.traderscalm.com
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