I've Invented A Perfect Stock Trading Strategy How Do I Get Backing?
Answers: Well, My friend, do it on small scale first. If you do have perfect strategy you don;t really need any backing.
Cheers
I think I have heard this before.
Keep it secret and make yourself a millionaire. Just borrow money and follow your own strategy... sucker.
You would have to find someone who believes there is a prefect strategy.
Of you could find out how to do infommericals. There are many prefect strategy sellers on late night tv.
Why would you need backing? Just invest your own money (remember that if it's perfect starting with just $1000 should make you a millionaire in short order).
The odds of any company going out of business is best measured by looking at the credit default swap prices for the relevant stock. Those prices are available on Bloomberg.
You've invented a "perfect stock stradegy" and you need money to "back it". If it's sooooo perfect. just make the money yourself by doing the system!
(besides, wouldn't it make more sense to become filthy rich from it and then sell the "system"???)
$200M? LOL
If you are so sure about this, then why don't you take the risk with your own money, and become the next Warren Buffet.
Please understand, I'm just trying to keep it real:
Let's say I could back you "perfect" strategy. You would absolutely need to disclose how your system works, as no one would give you money, especially $200,000,000 without knowing it would be a good investment. People with 200 million usually don't need to make/risk tons of money any more, except maybe as a hobby. By your own admission, it appears you have no formal training that would qualify you for handling this amount of money. The only thing that would qualify would be the information from backtesting your system, which again would require you to disclose your strategy since anyone can just simply print out a report that says "yep, I woulda averaged 42.36% over the last 10 years" without any proof. And that brings up another matter, In my years of investing experience, I've seen many many strategies that appear to work, even over a 6 year period, but then all of a sudden no longer work. As a backer I wouldn't trust any strategy unless it had been backtested and proven over a 30 year period. I've seen far to many markets that make certain trading strategies look like the works of a genius, only to see it fail for 4 years straight. Even if you met this criterion, I would still have concerns as you have no history as fund manager. How do I know you aren't trying to take my money and run off to The Bahamas? Now that would be a perfect strategy! Sorry, just having a little fun. I really see no option at this point of anyone backing you. Your only realistic option as I see it would be to profit from your own system (assuming it's as good as you say it is). You could barrow money on prosper.com, assuming you have good credit, or take out a home equity loan on your home, if you own one. You should be able to work your strategy the same as you would with 200 million, just use smaller amounts, and just buy a smaller number of stocks, say the ones that best meet your criterion. The only reason this wouldn't work is if you'd be using all of that money engage in price manipulation, which is illegal. But since you've been able to "ghost" test your strategy I'm assuming this isn't the case.
Sorry to burst your bubble.
Of course, you can always keep going for it. You could contact the companies best in position to back you as a fund manager. Assuming your strategy is well off the beaten path I'd recommend either ProFunds or Rydex Funds, but again I wouldn't get your hopes up.
a perfect STRATEGY does not take sum amount of money.
You are being suckered into being a sucker and suckering others. STOP NOW! You have to REVEAL what your strategy is or NO ONE would invest even a DIME in empty promises. DUH!
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RAD is worrying me. I bought some shares at $2.13 and presently its below the $2.00 sap. Should I verbs out in a minute?
Or should I wait for some more tiime.Answers: RAD is posting low numbers and sale are down and are projected to be down for the next few garrison. look for your shares to drop more and stay there for a while. look for it to be a bumpy road for a while. if your a risk taker dally a few days see if it drops more and buy more. but if this is gonna stress you then newly sell because it might achieve bad. for the final 6 months RAD has be in a downward spiral and it might not be finished it merely hasnt been a polite time for any company in the sale industry. consumer spending is down there still recovering from the holiday season and walmart introducing in that 4 dollar prescriptions. hold the stock you bought low thats the risk you take when you buy into a failing company. dont verbs theres still hope and remember you have sold sold even so so you havent really lost anything yet and if they rest you'll make a righteous chunk of change
Dump it. 8 of the end 10 quarters own missed earnings projections. It's ultimate support/resistance level be higher than what you bought it at (about $2.30), and unless it breaks though that and can hold it, there's no bottom here.
If the ending quarter earnings report is underwhelming, as expected, you may lose your pant. I wouldn't get contained by until this stock reaches $2.50 or .60. The subsequent level of support/resistance is $3.80 or so.
EDIT: 50-, 100-, and 200-day moving averages are adjectives bearish. If you're still long on this stock, I'd find some way to beat about the bush it. If you get your breakthrough at $2.30 you may find some insubstantial resistance at $2.60-$-2.75.
After looking at little closer at the chart, I've changed my opinion of what my entry point would be. Assuming I'm already long and hedge at $2.13 (if I can't buy options, afterwards maybe I'm short an equal number of shares), I'd enjoy a 'buy to cover' stop at $2.34, then double- or triple-down my long position at matching price, with a sell-stop at $2.26
You may bring back your first breakout as low as $2.35 here, depending on how volatile this stock is, and your timeframe.
For someone looking to enter a new long position contained by this security, and looking at this chart, a hot entry point would be just a few cents complex than what you paid for. However, for someone looking to swing trade this, it would hold to break that first level of resistance, at around $2.30. Thing is, RAD would stipulation two days like Dec 17th, when it moved -2.95 contained by a day, but contained by the OTHER direction.
If it keeps trading the process it now, and begin a consolidation phase, it could just stay flat for days, or weeks, possibly months. Either way, your money is not doing anything for you, and is subject to the tidal forces of the flea market which, unfortunately, are subject more to medium bias and the mass psychosis of irrational traders.
That's why I think you're better stale putting your money someplace where it's going to do something.
Investors who buy solid companies take home money.
Traders who buy and short breakout trends make money.
RAD probably isn't going anywhere, and you can other come back another time.
Best place to buy stocks online?
There are dozens of online trading sites nowadays and I am curious as to which one's are the best. I enjoy a banking portrayal at Wells Fargo in California and they some investment option, but I've never heard anything in the order of their investment accounts. I have checked out the websites of Etrade, Ameritrade, Merrill Lynch, Charles Schwab, etc. What company offer the best format? I invest heavily in start-ups and penny stocks, what site offer the best research capabilities for these types of stocks? I'm investing more or less $100,000 and I prefer to do all my own trading, is at hand any reason I would want to run with a full service firm? I would close to to stay at Wells Fargo with adjectives my money for the simplicity, but do they stack up against the competition? Bottom line, what do you touch is the best place to trade online and why? Who has the best tools, charts, interface, warning, etc? Thanks.Answers: Well if you're gonna "invest" in penny stocks next Ameritrade is your best bet for the actual trading process. AMTD doesn't charge extra for OTCBB, large size trades, or for low price stocks.
Wanna buy 300k shares of a stock priced at 0.01 ? AMTD commission is single 10$.
As far as research on penny stocks you'll have to find that on the trellis cause none of the brokers own good research on them.
I hope you know what you're doing ...
Edit: I can't argue next to 8 > 100k ... AMTD is the only one I know of that doesn't ding you for one of the 3 items mentioned above. What broker own you been using ?
I love Vanguard... building a portfolio of indexed mutual funds is the best route to turn. No-load and no transaction fees and super low expense ratios, I'm talkin .2% and lower. Give up trading penny stocks... you might as economically just back on sports or something. Index funds beat actively manage mutual funds (including your own trading) 80% of the time over the long term (10+ years). Only 1 or 2% of actively traded funds closing up beating index funds after taxes and expenses are taken from the story. Do the math, be smart, maximize return while minimizing risk by have a accurate mix of index funds. If you just love penny stocks that much, stick 90% of your money contained by the funds I suggested and use the other money to play around with your penny stocks. My friends use sharbuilder I believe
Unless it's your assignment to study the market... you won't consistently hammer the professionals. The market is clearly unpredictable.