Hi all,
I am considering to give my actual trading a bit more of importance in my life.
I am not talking about FX trading, day trading based on technical analysis and other myths promoted by "gurus" but about what is used by professionals such as those working at JP Morgan, hedge funds etc. This involves a framework based on a macro view down to companies with earning growth, covered with a very strict risk management.
Since Jan 2021 I could grow my capital by 200% using options (calls & puts for those who does not know what options are) and I enjoyed a lot the process. I enjoy learning about different countries, how they are structured, if a country is more customer heavy, the monetary policy, fiscal policy of each, the relations between those countries etc.
My goal is first to create a good track record in 2-3 years. Then I will create a small hedge fund where I would propose to manage and grow capital on behalf of my customers.
I see trading as a C.E.N.T.S business because:
Control: Though I can't obviously control the market, I can control my risks through tight risk management and option strategies (bull call spread etc) that limit the downside.
Entry: I see it as medium-high because in order to get a chance of making money in this game there is a TON of information to process
Need: There is a clear need for people to make money and if I am able to provide that that would of great value to them.
Time: Once the trades are on, I don't have much else to but to monitor. Plus after a certain time I hope being able to hire some prop traders.
Scale: Very easily scalable.
But all of that is me learning fastlane. I might be missing something that red flags pro trading as not a fastlane business to pursue and better to keep it as a sideline. Hence I would greatly appreciate if some of you could take some of your time to indicate in this poll what your views are and comment below if you deem fit.
Thanks a lot!!
Xavier
I am considering to give my actual trading a bit more of importance in my life.
I am not talking about FX trading, day trading based on technical analysis and other myths promoted by "gurus" but about what is used by professionals such as those working at JP Morgan, hedge funds etc. This involves a framework based on a macro view down to companies with earning growth, covered with a very strict risk management.
Since Jan 2021 I could grow my capital by 200% using options (calls & puts for those who does not know what options are) and I enjoyed a lot the process. I enjoy learning about different countries, how they are structured, if a country is more customer heavy, the monetary policy, fiscal policy of each, the relations between those countries etc.
My goal is first to create a good track record in 2-3 years. Then I will create a small hedge fund where I would propose to manage and grow capital on behalf of my customers.
I see trading as a C.E.N.T.S business because:
Control: Though I can't obviously control the market, I can control my risks through tight risk management and option strategies (bull call spread etc) that limit the downside.
Entry: I see it as medium-high because in order to get a chance of making money in this game there is a TON of information to process
Need: There is a clear need for people to make money and if I am able to provide that that would of great value to them.
Time: Once the trades are on, I don't have much else to but to monitor. Plus after a certain time I hope being able to hire some prop traders.
Scale: Very easily scalable.
But all of that is me learning fastlane. I might be missing something that red flags pro trading as not a fastlane business to pursue and better to keep it as a sideline. Hence I would greatly appreciate if some of you could take some of your time to indicate in this poll what your views are and comment below if you deem fit.
Thanks a lot!!
Xavier
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