Failure Q&A
Hi have been using this site with different ID's for the last 3 years and have been trading for the last 5 years.
I have failed at this, I dropped out of high school to trade futures then blew up multiple accounts due to over-leveraging and revenge trading.
Because I had started my own fund to raise cash, BTW that failed too. I learned how to setup funds and structures, taxation and regulation. I tried doing that and have been trying for the last 2 years and failed at getting more than 1 client. The one I sold the initial fund to.
Please ask your questions.
And WSO DON'T YOU DARE DELETE MY ACCOUNT THIS TIME. :-) friendly request
I also did a similar failure AMA two years ago.
why do you keep trying to do something that you have no experience doing?
starting a fund is something you can do AFTER working for a firm in a similar businesss, where you had some success. A successful bank trader or investment banker can try to start a fund...under the premise that they have a repeatable process to make money from the markets, and they demonstrated this at their prior engagement..
The hard part of starting a fund is not creating the LLP and LLC and getting registrations.....the hard part is
1) having a repeatable process to make money from the markets that performs regardless of market regime, and a track record where you did this for somebody else.
2) having people with big $$ willing to invest with you.
it only makes sense to start a fund AFTER you have those 2 things....but you don't seem interested in trying to do that....and THAT is why you fail.
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