It looks one of my dreams has just come true:
For a couple years now I have wanted to get successful day traders together as a day trader team and offer it as a managed account.
By the way, “day trader” has many definitions and most people are kind of foggy on the idea, in this usage it means specifacally: trades are open and closed within a few hours, the trade is closed before that trader leaves the market, in and out, but not as fast a scalper (minutes), and not as long as swing trader (a few hours to a couple days).
In my estimation having a day trader team that is successful in a day trading system and can trade live 24 hours around the clock in a PAMM managed is the best managed account scenario possible, heres why:
- Professional proven day trader group
- As a team they can trade around the clock and so takes advantage of forex 24 hour markets.
- PAMM managed accounts allows unlimited clients for the day trader team, no hassles for them, low minimum deposits for us.
This account is being set up as I write this, it will take a little extra time in the undertaking as it is a little more complicated than normal.
The offer on the day trader managed account is:
- Minimum Deposit $1 ($300 minimum to open an account at the brokerage)
- 35% fee on high water mark
The fee is higher than I had hoped but I believe it is warranted, there is more involved as there is an account manager overseeing the account and the separate day trader team traders to coordinate, and each of them are not working for free.
There was preliminary testing to do, that is why it has taken so long for me to say anything when I have been working on it for quite a while. Here are the results:
Below is 2 days with about 18% gains.
And finally above is a video I am going to leave you with that shows you how to participate in the managed accounts and generally navigate your back office at the brokerage.