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If [0] those returns are accurate, can be proven, and your strategy can be scaled up to multi-million dollar positions, you should take it to a hedge fund/prop
by gringoDan 8y ago
If [0] those returns are accurate, can be proven, and your strategy can be scaled up to multi-million dollar positions, you should take it to a hedge fund/prop shop/etc. and be able to make 7 or 8 figures. Your bonus should be dependent on performance; you may be able to negotiate a % of the profit. Those companies don't care about your background if at the end of the day you make them money.
[0] Granted, that's a huge "if".
- gcb0 8y agoand how do you prove some method scale up without either already being on the million dollar scale or disclosing your secret sauce?
- bduerst 8y agoShort of spending a million dollars right then and there, you can use historical market data. Or datasets provided by the person you're trying to prove it to. Keep in mind that after a certain volume, your model would start influencing the market itself.
- ohaideredevs 8y agoThe reason financial transactions don't scale is volume - your $100 trade can move a penny stock to $.02 from $.0002 a share if there is no volume. Some markets can absorb an enormous amount of volume, such as the FOREX market. Now, when you start making good trades in a "big" market, intelligent players can mimic / play off of them, so it is hard to prove in that regard. At a minimum though, you could prove that it works on assets that are not volume-dependent.
- ionwake 8y agoI forgot to add the "worst" bit. It was mostly a gut feeling, after lots and lots of research. My question basically is, if I show I have been really good in the past - without a specific model - is there anyway I would be taken seriously. Thanks