This was quite an interesting post, for me at least. It appears you have engaged in a âTurtle Traders 2.0â experiment and once again have proven that the job can be taught, if the people have the right aptitute & qualities you spoke about. Also, donating prize money to charity was a great gesture, nice one.
If possible, can I ask for further clarity on your last comment âitâs an awful tough gig at this levelâ. From your perspective, is it objectively tough because non-industry traders lack the quality information/insight/lack of contacts that might be essential in order to float the boat? I recall Saul perhaps saying back near the beginning of the thread that itâs more about who you know than what you know).
Or instead is it more because of what you said above: capitalization issues that lead to overleveraging the account, lack of patience & fortitude when the going gets tough, and (for the people that never stumble over this thread & the similar ones here) lack of a model that is simple & subtle?
I might also add, having the capacity to sit on hands when the market contracts as it appears to be doing slowly these daysâŚFX volatility as a whole is dropping and this will most likely mean less activity and going for short-term forays when something does setup.
But letâs say a retail trader is able to keep the ship afloat and make some hay consistently, percentage wiseâŚwhat is required to be âpromotedâ to the next level? What actual return % and activity are required in order to either get funded or be inserted into the information loop (if thatâs even a legit question)?
Back when Wyntac was speaking of GoldTop who apparently trades an account funded by your team, does that mean GoldTop is trading from home using his spin of this trend/momentum model or is he working with further inputs/gadgets from your team, that keep his margins wider than those of the retail world?
Thank you.