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Home > Quant Trading Live Report > Sorry I don't want to manage your money nor bear responsibility
Podcast: Quant Trading Live Report
Episode:

Sorry I don't want to manage your money nor bear responsibility
Category: Technology
Duration: 00:10:49
Publish Date: 2018-10-14 23:03:55
Description:

 

Here are some questions from the same person last week. Thanks to him for asking these insightful trade thoughts but...

Hi Bryan,

  Thank you for your email.   I'll take a look at it in more detail.   Just a thought: A certain percentage of your customers would be located outside of North America in different time zones. I would say they would be wanting to get in on every trade that you send out, but would miss out on those trades that come through at 1am their time and sometimes that trade could be the most profitable one of the day (while they are sleeping). So I was thinking, to make sure we get in on every trade, could you set up a "Copy Trade" System where we put our money with a broker & our accounts are linked to yours so when your account makes a trade our accounts make exactly the same trade at exactly the same time ! Your customers would be comfortable with that because their money is with the broker & never leaves the broker & we don't miss out on trades while we are asleep ! Additional idea: To cover you legally, your customers would agree to a document where they take legal & financial responsibility for all trades etc -  so that protects you. Also you could set up 2 types of accounts. 1). Semi Automatic - where your signal gets your customer into the trade & they decide when they want to get out 2).Fully Automatic - just like described above - where they are in & out of the trade when you are (this gets rid  of the greed.risk factor of the client & reduces any potential mistakes). Additional Idea: From a learning point of view - i think people would like to hear your synopsis of the market - where it's heading - your thoughts of why you are placing certain trades at different times & your outlook of the market & how your trades might change with the market. This would help us yo learn & grow  :-)   Thanking You & I hope you have a Great Day ! Join my Analytics service here   https://quantlabs.net/academy/quant-analytics/   Samples here   https://quantlabs.net/blog/2018/10/deep-technical-analysis-steemeth-04102018/   https://www.youtube.com/watch?v=HDrbliQgFzM   https://quantlabs.net/blog/2018/10/diy-trade-i-dont-want-to-manage-your-money-nor-bear-responsibility/
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