I know this isn’t the brightest question perhaps(so…pls. save the jokes ), but I will be glad to hear your own experience in the area.

I am asking, because so far I contacted about 100 venture capital companies(phone/e-mail/fax) to promise them an investment model generating about 20 times(2000%) per year and the stupid bastards think I am joking. The answers I got were like: "Sorry, we have frozen our investment plans for a while", "Your industry of interest doesn’t meet our goals" - or usually via fax/e-mail just no answer at all. I even found e-mail of Ed Thorp to explain a few things, but totally quiet from there too. Now, I have 1-2 last hopes, which I am checking right now - wish me luck .
I know that the "right" way will be to get my degree and then land a job in bank - BUT I have my fears that until I become a trader this way, I will have to work in back office or some position 1-2 years and as well, the bank managers will push me to execute deals that will no guarantee profit. I am afraid that I won’t be able to use my models 100% on my own. And this is what I want here. After all - my models are NOT associated with economical risk - so I deserve complete freedom there. You are probably wondering now, since someone can earn 20 times yearly - then someone on the other side must lose big? You bet your *** that this is true . But those who lose in my model are the common people and country banks - which totally doesn’t bother me. From what I read so far, being a trader you have not one, but 2 goals : 1. Making money at any price. 2. Forcing many others to lose money. I have found a brilliant way to accomplish both - but once again: most people think I am joking when I speak of hundreds of times guaranteed profit. And of course…it is legal. Also, another problem is perhaps the fact that I am not an American, even worse(sort of), I am from Eastern Europe and since most Americans are biased towards scammers from that region - when they hear of someone from Eastern Europe, promising 200 times return - all they think of is: "advanced fee scam". But…I am not asking for any money in advance. I proposed to the capital funds to open letter of credit on my name via bank of their choice. Once the letter of credit is opened - I will show them the know how + trade via demo software + trade at later stage their own money. Once the profits exceed a certain level - THEN they are going to release the letter of credit, which of course will be on amount smaller than the profits realized so far. The only point that bothers me is the fact - then I don’t want to release the know-how just like that to the sharks. After all, those poor bastards Scholes and Merton lost big and they never released their complete investment strategy - just the formula and what’s known from SEC. I also re-read the rules of SEC, NASD, Nymex/Globex, LSE, ASX to see if my model would be legal or not limited somehow. So far I have found only a few not directly related limitations, which won’t stop me at all.

Anyway…any advice in your own experience on the subject is highly appreciated.

Thanks

Filed under: Nymex Trading

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