A very positive review! Although she named some problems we luckely solved the previous weeks.
The previous months I set up a team because I was not able to do all the work.
Currently we are working together as:
-programmer,
-system controller,
-web design manager and
-accountant/advisor.
Next week we are going to registrate our business and we are going to search for new office space.
Crazy… right!!!
It’s been an adventure and is getting bigger and bigger every day.
We are now trying to set up our own managed account service with SaxoBank.
(in a couple of months)
So I made this new thread about ‘our holy grail based investment business’ so we can tell you about our story/ important new business developments and to give you an example how you are able to make your living with programming.
I will tell you more as soon as I do have more time to write again…
So I am !!! He is a good trader ! but you as a follower, beware to not overexpose yourself to too much risk! then the margin call will be totally your fault!
First we have to become a private limited liability company.
So thats the first step. (wednesday next week)
Then we have to earn 40.000 euro. We need at least two shareholders for the company.
Myself and the system controller. He has to be shareholder for at least 20%. (10.000 euro)
Then we have 50.000 deposit for the business. (minimum safety restriction authority of financial markets)
Then we are gettings screened by the government. We need to be ‘trusted’ and ‘experienced’ individuals.
I’m able to show them that we are both working for six years trading forex and CFD’s.
Then we need to pay 4.000 Euro’s and 750 euro for each shareholder to get a licence. (portfolio licence and private equity licence) licenced by AFM, Authority for Financial Market in the Netherlands.
Then we are able to set up automated portfolio rules with saxobank to control the new accounts of our managed forex account service.
And a lot of law, website, helpdesk, administration stuff also needs to be done.
I will tell you more by wednesday. Then PipShip is a legal company.
On zulutrade we will continue providing signals to little retail investors (they are so nice :P)
(beginning/experienced traders)
With managed account service we hope to bring more ‘not experienced traders’ into investing.
Then we will also introduce a 3rd service. Signal contracts for professionals or institutional funds who do want to differentiate their portfolio like they are doing now (20% forex). Then using our signals.
Today I visited the notary to set up the business as private limited liability company. Next week we have to organise the paperwork. Then we go to round 2. Earning 40k euro’s and getting a licente for portfolio management and managing private equity.
Then by januari we are going to set up a new website (pipship-elite.com) next to pipship.com for managed account service. We have to set up professional disclaimers checked by lawyers. We are going to expand our helpdesk with a new employee. Then we have a team of programmer, system controller, helpdesk employee, webdesigner and accountant.
We have to design an automated protocol with Saxobank to managed the capital protection on accounts and automaticly adjusting the lotsratio by profit in account. (scaling up first 2 months) We have to find office space. Etc. etc.
First PipShip Inc. Earning 40k euro’s and getting a licente for portfolio management and managing private equity.
If clearly stated by you that a maximum of 3 positions is allowed at the same time… by your own rules… and that you know everything about programming as stated by yourself… how can it be that today 4 positions were opened at the same time?
How can it be that today, when the 4 positions did get closed right away another positions was opened? Same pair, same direction. This new position got closed right away and has only cost spread/commissions to the followers. It really does seem like a programming error. I hope that everybody keeps in mind that the day will come that all 4 positions will hit their 100 pip SL and that will be a 400 pips loss. You are just asking for it if you keep such positions open during news times.
Everyone can draw their own conclusions from these facts.
I already posted a message to followers. The problem has been corrected.
In fact 3 positions were still open at once.
The exitformula has to close the positions, but they are underneath the level of open 2nd and 3rd position open signal. (this has been lowered) Thats why close signal is ‘green’. And open signal is ‘green’.
I made:
open signal cannot be ‘green’ if close signal is ‘green’. Problem solved.
Everyone can draw their own conclusions from these facts.
Yes I admit, I am a very bad programmer…
I hope that everybody keeps in mind that the day will come that all 4 positions will hit their 100 pip SL and that will be a 400 pips loss. You are just asking for it if you keep such positions open during news times.
I see no reason to brag about the numer 3 or 4 yest it might do result in app 400 total loss, but at the same time, a follower can follow with 1 or 2 or 3 aka limit the trades as it goes
Earning 40k euro’s and getting a licente for portfolio management and managing private equity.
