Thread: My way to highway

Not overly much money going on.
Was also sorting out broker and strength related difficulties.
Fixi finally came thru with the Q4 performance fees....the interval had 2.65% profit.
Nothing big, but there was the strongest 2 weeks of the quarter missing due they moved servers in October.
Too, there's a -3.5% maximum DD limitation...
unfortunate, their commission and spread bad for some other brokers, but the price comes as is.
Either way, money is money, and I am happy this item is sorted, and already been paid.
End of March should be some review, will see if it can result some extra resources or not.

Originally Posted by ;

not a lot of trading going on. Was sorting out broker and strength related issues. Fixi eventually came with all the Q4 performance fees....the interval had 2.65% profit. Nothing huge, but there was the strongest 2 weeks of this quarter missing due they moved servers in October. Additionally, there's a -3.5% maximum DD limitation... unfortunate, their spread and commission poor to some other brokers, but the deal comes as is. Either way, money is money, and I am happy this item is sorted, and been paid. End of March should be some inspection, will see whether it could result...

PF, great to see they are keeping their promise about the deal.

However; it is not reasonable for Fixi to charge you odd spread/commission compared to other brokers. In my view; this really is a rip off; also this is really where they make their real $; simply by charging exorbitant transaction fees; and not rewarding you .

At the real life of hedge funds; the hedge fund manager negotiates good deals with numerous brokers to decrease transaction cost; consequently increasing his bottom line.

You've supported my suspiciton that brokers offering PAM are questionable.

By interest, is your performance % of Fixi account like the Master acc or is a noticeable difference?
As Fixi gives more money but limit dd to 3.5 percent in the end you've got the excess issue of trading more funds = harder to have to order full at a price near the master.

Originally Posted by ;

for contrast: a 'prop firm' offering 75% profit share would have to fund me 80k to be on equal grounds

in the long run, a prop firm deal seems.

Originally Posted by ;

quote PF, great to see they're keeping their promise on the deal. However; it is not reasonable for Fixi to bill you unusual spread/commission compared to other brokers. In my opinion; this is a tear off; and this is where they make their actual $; by charging exorbitant transaction fees; and not rewarding you. In the actual existence span of hedge funds; the hedge fund manager negotiates great deals with various brokers to reduce transaction cost; thus increasing his bottom line. You have verified my suspiciton that brokers offering PAM are questionable....

It is not really unusual spread or commission, I only wanted to tell, it's worst compared than what I cover at ICM or even Axi...
at ICM I've 5.5$/lot commission, at Axi I have 5/lot....vs. In Fixi I cover the whole 7$/lot. . .on top the spread tends to be number of pipettes wider too.
So not exorbitant, but surely far from perfect.
Being a scalper on those accounts, there's a visible gap, and every % which goes to pay the cost is coming off from the profits, ie. My pocket.

The deal isnt PAM, but a prop arrangement in this instance.
Unfortunate, need to start out somewhere, and among the positive aspect still is there was no upfront fees to pay, no demo trials to proceed thru, and while the performance fee isnt huge, still adds to the base line when you are a trader.



in this case, it's about 500$ a month to my bottom line from that direction. As the majority of the task was done by the trade copier, and very little extra, ultimately I think it's fairly great.
When and if I could move a step up there to state 500k prop funds, the amounts may start to look better. Also, December was not too fantastic to me, until date the poorest month on master, and I believe some reduction on Fixi because the different cost structure as mentioned above.

Btw, now GbpUsd did give at the end something to perform. (for better view M1, but traded in the typical M5!)



at a way shame that I didnt take the previous one from 25, ( the alert was correct there), but it's human nature. . .that minute I believed I had enough of GbpUsd. So much so the last open entrance that transported also shut with a little reduction. . .as wake shows the timing wasnt bad, my patience was not the best however.
Entire, happy, this 6 small entrance still resulted 0.37%. Right where I had been hoping to be for now.

Originally Posted by ;

By curiosity, is your performance % of Fixi account similar with the Master acc or is an obvious difference? As Fixi gives more cash but limit dd to 3.5% in the end you have the excess problem of trading more funds = harder to need to order filled at a price close to the master. quote At the conclusion, a maid company deal appears better.

I think some I only answer in the previous post I made.
I figure when I referred to a prop deals, like it's possible to find in commercial, where you can demo and pay ahead for 20-40k equity ( in hope), even a 10% maximum DD will have limitations on the earnings, and the greater (like 70-75%) presumed performance will likely negatively operate on your plogy, lure overtrading in hope to hitting the jackpot.
In regards to cash, the number one problem is surviving long enough to grow to a level where it is all critically significant.
For this, requires 3 points: the opinion of the big picture, no immediate demand for a quick payout, and of course a steady track record with low DD%.

As the lot sizes are modest due the DD limit, there isn't any fill issues at this point.
Most lots less than 1, scaled up into the 250k account.

Thus far, it looks you are a fantastic trader. To reach to proper funds amounts, such as 500k, which is not a terrible number, might take some years. Could be approximately 7. If you are patient enough, you will get there... Even if you are not patient, although not doing anything stupid, it is going to take you the same amount of years.

Originally Posted by ;

Thus far it seems you're a fantastic trader. To reach to appropriate funds figures, like 500k, which is not a bad number, may take some years. Could be approximately 7. If you're patient enough, you will get there... Actually if you're not patient, but not doing anything stupid, it is going to take you the exact same number of years.

MZ, my friend, thanks for passing by, and for the compliment.
The fact is I dont want anything near like 500k private funds to trade. But maybe you meant like total assets, more likely scenario. The math is intriguing.
But assume, for sake of playing around, that this would be the case:

for pleasure, I did some math, to figure about current AUM numbers, also took the notional values, ie. (10k @2x risk =20k; or 250k@ 0.35% risk = 87k)
the total measured as 1x risk accounts approx 450k. Throw in my funds, assets are over 500k as of now.
Today for more pleasure, some quick math on what that means...
require 3 percent a month ROI, which will work out to
1500$ from private funds
2700$ from resources ( @ just 20% performance fee)
or something like a total of 4200$ per month.
The obvious question, could I reside from 4200$/month?
If yes, all is great.
If not, then: could I make more than 3 percent a month normally?
What the statistic suggests?
Myfxbook:
Daily:0.28%
Monthly:8.61%
Drawdown:7.86%
so, maybe it is possible that going forward can fulfill or exceed 3 percent a month.
Additionally, a risk that eventually assets grow.
Lol, virtually the sky is your limit, right?
Today, suppose this was not a play on the numbers. . .would it be an acceptable reality?

Originally Posted by ;

quote . . .virtually the sky is your limit, right? Now, assume this wasn't a play on the numbers. . .would it be an acceptable reality?

Alright. I got the impression you wanted that the 500k. Staying on top is more frequently harder than getting there. My IQ is low and that I really do understand simple math mainly. Could not ch all your numbers. But I am sure you do know what it is you are doing, as it is observable from your trading results.

I once dwelt with 0.50 euros each day (1995/6). That is is 50 euro cents every day. Back in 1997. I was super happy when I began making like 700-800 euros per month. Then in 2000/1 nearly added a zero. Then in 2003/4 I've worked like 12-14 hours every day, nearly 7 days a week, for no salary in any way. Two full years - 0 income. In 2005 I've begun with 400 euros a month. In 2007 added yet another zero. Now $4,200 per month is absolutely inadequate for me... Thus, your personal goals will determine how much is enough for you. 4.2k is a nice number to begin using...

Originally Posted by ;

quote Alright. I received the impression you needed that the 500k. Staying on top is more often tougher than getting there. My IQ is quite low and I do know simple math mainly. Could not capture all of your numbers. But I am certain that you do know what it is you are doing, as this is observable from your trading results. I dwelt with 0.50 euros each day (1995/6). That is is 50 euro cents a day. Back in 1997. I was super happy when I started making like 700-800 euros a month. Then in 2000/1 nearly added a zero. Then in 2003/4 I've worked like 12-14 hours...

let make your numbers clearer then.
The example stood for 3% a month average. My monthly average is a little greater than that.
Concerning the 500k. . .read again the previous article of mine.

interesting moment.
Somewhat unusual too, for me, not actually the 17 entrances, but that all of them been around GbpUsd now!
(15 on the chart bellow, 2 similar fashion, but didnt match onto the same screen unless I zoom too much, awful for visibility).



pls ignore the TP lines, they're meaningless, I use some generally in the event a sudden jump my way. . .there was no such, all close was done manually, as normal.
Trend up is powerful now, but with all the stairs like way it is best to make a little profit, if scaled in cautious.
Or be blessed. or both.
Anyhow, internet 47 pips, or 0.92% on main. Eventually a trading day in January!

my sense that GU is about to strike more resistance, following a big up day (200 pips approx) but it can go both ways. I'm prepared to give it another go around 1.42, else tomorrow is another day, and there is another commerce.

happy trading!