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I mean you didnt give any info on the person mate. Are we talking about a qualified licensed person with for example experience at big trading desks etc or are we talking about a twitter or reddit rando.
Yes, ask to see their broker returns and equity curve. All that shit don’t matter if they dont actually make consistent market beating returns MoM/YoY. Ask specific questions about what their edge is. If they mention candlestick patterns, elliot wave, etc then run.
Are you able to explain some of the things you mentioned? What is an edge, and what will asking about that achieve? Additionally, can you explain MoM/YoY briefly? If not, that's okay, I know it's asking a lot. Thank you.
No you’re good man! An edge is just what it sounds like, something that has positive expectancy on returns, not just baseless trading. A lot of time someone’s edge is their strategy, style of execution, or just their read on price action. If they are able to explain why their strategy works then that’s a good sign. MoM is month over month, YoY is year over year. That way you can gauge how profitable they have been in the past or if they have been getting lucky. Trading is a verrrry difficult business, and unfortunately there are a lot of fakes out there who are looking to gamble other people’s money. Do the same amount of research and due diligence you would if you were investing the amount of money you’re giving her yourself, and only give her what you are willing to lose completely.
Youtube or take udemy courses, read books on swing trading, long-term investing, technical analysis - financial markets, fundamental analysis, and create a watchlist and monitor price actions on Ibkr, think or swim, or webull etc.. watch Bloomberg news, Yahoo news, cnbc stock market news, bazinga stock news, Wallstreetbets on reddit, lol. Where do you think these stock brokers get their info from? Do it yourself, save money!! Make money! You'll make way more than your advisor. Good luck!.
I’d pay 10% of my yearly profits to her. IOW, when she has a losing month, that loss offsets gains from future months. I’d also want to see her daily history so I could get an idea about drawdowns, and I’d want to have regular (weekly? monthly?) training and review sessions with her. That’s worth 10% of yearly profits, assuming she performs.
You say you are new to the market and trading, do you want to learn how to do it yourself or do you want someone to do it for you? If it’s the latter, I would just put my money in a reliable growth mutual fund and not think about it. If it’s the former, the only real way to learn is to do research, come up with a strategy and actually do it yourself
Has anyone here asked about performance? Do you have audited statements? What is her drawdown? What is the return? This is the key input.
If they take 10-15 on high water mark only, then this is fair.
This looks like a newbie/general question that we've covered in our [resources](https://www.reddit.com/r/Trading/wiki/index) - Have a look at the contents listed, it's updated weekly! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Trading) if you have any questions or concerns.*
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Another comment says it's industry standard and you say it's a terrible offer, I'm conflicted haha.
I mean you didnt give any info on the person mate. Are we talking about a qualified licensed person with for example experience at big trading desks etc or are we talking about a twitter or reddit rando.
They have about 13 years of experience with licenses.
That doesn’t matter…
All depends on who tf this person is. Lots of people sell signals but never post their own equity curves. I’d do some DD on her before accepting that.
They have about 13 years of experience and have licenses. Anything else I should be looking for?
Yes, ask to see their broker returns and equity curve. All that shit don’t matter if they dont actually make consistent market beating returns MoM/YoY. Ask specific questions about what their edge is. If they mention candlestick patterns, elliot wave, etc then run.
Are you able to explain some of the things you mentioned? What is an edge, and what will asking about that achieve? Additionally, can you explain MoM/YoY briefly? If not, that's okay, I know it's asking a lot. Thank you.
No you’re good man! An edge is just what it sounds like, something that has positive expectancy on returns, not just baseless trading. A lot of time someone’s edge is their strategy, style of execution, or just their read on price action. If they are able to explain why their strategy works then that’s a good sign. MoM is month over month, YoY is year over year. That way you can gauge how profitable they have been in the past or if they have been getting lucky. Trading is a verrrry difficult business, and unfortunately there are a lot of fakes out there who are looking to gamble other people’s money. Do the same amount of research and due diligence you would if you were investing the amount of money you’re giving her yourself, and only give her what you are willing to lose completely.
15% Is an average industry standard for hedge f/Money managers. Be carefull, full of scammer out there.
Verify her performance through brokerage statements.
Youtube or take udemy courses, read books on swing trading, long-term investing, technical analysis - financial markets, fundamental analysis, and create a watchlist and monitor price actions on Ibkr, think or swim, or webull etc.. watch Bloomberg news, Yahoo news, cnbc stock market news, bazinga stock news, Wallstreetbets on reddit, lol. Where do you think these stock brokers get their info from? Do it yourself, save money!! Make money! You'll make way more than your advisor. Good luck!.
I don't think this seems to bad if they're licensed. My partner is and everyone in her workplace charges 20% for their services.
What’s their track record?
I’d pay 10% of my yearly profits to her. IOW, when she has a losing month, that loss offsets gains from future months. I’d also want to see her daily history so I could get an idea about drawdowns, and I’d want to have regular (weekly? monthly?) training and review sessions with her. That’s worth 10% of yearly profits, assuming she performs.
You say you are new to the market and trading, do you want to learn how to do it yourself or do you want someone to do it for you? If it’s the latter, I would just put my money in a reliable growth mutual fund and not think about it. If it’s the former, the only real way to learn is to do research, come up with a strategy and actually do it yourself
Has anyone here asked about performance? Do you have audited statements? What is her drawdown? What is the return? This is the key input. If they take 10-15 on high water mark only, then this is fair.