Topic: Trading using someone else's funds - page 4. (Read 1318 times)

How can someone to have enough experience if they don't even have $100 to start crypto trading on their own, hundred dollar is pretty good amount to start and one who have skills can multiply the capital into many times in very short term period then why they need someone's money to start their career.Using someone's money will add more responsibility which can alter your decision making skills towards risky trades.

It is a risky thing that nobody should meddle with. There was one time when I did something similar, I was promoting a bot back in the day and that bot was actually something that made money during the 2017 period and actually was not the bot itself but because the market was so awesome it was making by itself as well, so it wasn't such a shock since everyone was making money during that period.

However I saw that as a chance and someone asked me if I would be willing to share profits if I set up his bot with his account and made it such a thing that would profit with the bot, I said yes and I took the chance to actually take a profit. Dude lost like 20 bitcoins during that time and remember bitcoin was 20k by the end of it, so I felt horrible and the guy was angry but there wasn't nothing that could be done, so we parted ways. Worst feeling in my life.

I don't care about funds if where they came from the most  popular is to how to handle it to grow with your own effort and I believe that it would be connected into a good services with benefits.

I wouldn't in any way advise anyone to embark on thus suicide mission in the name of be a fund manager. Those funds managers are the most unlucky individual in this cryptocurrency industry due to cryptocurrency volatility. This made many of these find managers end up in cell because of misappropriation of funds. Holding some buy coins from peoples money should be discourage because the current market can't be determine from anywhere soon. I prefer to trade with my hard earned money than someone funds.

For me it is okay to use someone else funds especially for those traders who doesn't have enough capital to start trading but the risks are too high especially if you are just starting out. Using someone else funds are okay just make sure that you have prior experience in terms of managing money and also trading cryptocurrencies at least 6 months.....

I think people would be a little bit more open to risk or would be a lot more closed to risks when using someone else's funds depending what type of person you are. If you are a person who cares about that other person whose funds you are dealing with and you want to make sure they get the most money they can but more importantly do not lose money, you would be closed to risks and you would want to do it right by them and care about them.

If you do not care about the other person you would do a lot of risky stuff and that means if you are working on commission but you are not losing money yourself, you would risk a lot of money to make a bit so that you could get a share of it, if not the worst would be someone else losing money. It all depends on the person who is doing the trading and their relation with the owner of the money.

Hello. I've been quite successful so far in my trading endeavors. So much so that I've been offered a decent amount of money to trade with if I split the profits 50/50. I just have some questions on how I can go about doing this carefully.

How can I ensure that I am keeping track of when I am using their funds and when I am not? I guess I could always open a second trading account which would keep the funds separate, however, this would be a bit of a pain having to sign in and out of multiple accounts.

If I added the funds to my own account how can I keep track of profits? Could I calculate the percentage of what the newly added funds are compared to my current funds? And if I need to cash out or share profits in the future, I would take that percentage of my total funds and remove them?

For example, if I currently have $10,000 and am loaned $3,000, bringing me to $13,000, could I take the percentage of the loan (23%) and multiply it by my ending balance? So,if a year later, my ending balance is $37,245, would taking 23% of this balance ($8,566) provide me with the correct amount of funds? Then take the 50/50 split profit amount ($4,283) and send it back to the loaner? Does my math seem to add up?

Thanks.

Edit: Just so everyone knows, a close friend of mine has asked me to trade with some of their money. They have witnessed my trading and know that I am profitable. It is NOT a random person as others have suggested on this thread. Either way this does not matter and I would like to keep the discussion on topic.

For me it is okay to use someone else funds especially for those traders who doesn't have enough capital to start trading but the risks are too high especially if you are just starting out. Using someone else funds are okay just make sure that you have prior experience in terms of managing money and also trading cryptocurrencies at least 6 months. But if you still insists to borrow someone else funds then do it just be sure that you should be prepared to experience huge losses or even portfolio wipeout.

But, from the perspective of investors they are ready to risk by believing into some traders' skill set. It means they are unable to trade by themselves and that must be the reason why they want to hire someone else to take care of their funds but for trading purposes. I believe this kind of dealing is already happening on most of the markets and because of it remains profitable to the investors, I guess this kind of trends are still keep popping up.

OP's case can be different and it is all about dealing only with friends. I guess this type of traders in the beginning days, they will start with friend's capital and then they will slowly expand their business model which will be allowing anyone to invest with them with the basis of profit-sharing at some percentage. Nothing goes wrong until they manage days in profits .

Hello. I've been quite successful so far in my trading endeavors. So much so that I've been offered a decent amount of money to trade with if I split the profits 50/50. I just have some questions on how I can go about doing this carefully.

How can I ensure that I am keeping track of when I am using their funds and when I am not? I guess I could always open a second trading account which would keep the funds separate, however, this would be a bit of a pain having to sign in and out of multiple accounts.

If I added the funds to my own account how can I keep track of profits? Could I calculate the percentage of what the newly added funds are compared to my current funds? And if I need to cash out or share profits in the future, I would take that percentage of my total funds and remove them?

For example, if I currently have $10,000 and am loaned $3,000, bringing me to $13,000, could I take the percentage of the loan (23%) and multiply it by my ending balance? So,if a year later, my ending balance is $37,245, would taking 23% of this balance ($8,566) provide me with the correct amount of funds? Then take the 50/50 split profit amount ($4,283) and send it back to the loaner? Does my math seem to add up?

Thanks.

Edit: Just so everyone knows, a close friend of mine has asked me to trade with some of their money. They have witnessed my trading and know that I am profitable. It is NOT a random person as others have suggested on this thread. Either way this does not matter and I would like to keep the discussion on topic.

For me it is okay to use someone else funds especially for those traders who doesn't have enough capital to start trading but the risks are too high especially if you are just starting out. Using someone else funds are okay just make sure that you have prior experience in terms of managing money and also trading cryptocurrencies at least 6 months. But if you still insists to borrow someone else funds then do it just be sure that you should be prepared to experience huge losses or even portfolio wipeout.

I do not have much confidence in trading by another person, there are a lot of problems that occur in this type of trading, it will be difficult to calculate the exact profit rate for each party and this will be unfair to either party. This is best done by providing a loan and taking a specified percentage as interest on the loan.

Trading with either loan or someone's fund is not adviced especially in this volatile crypto market as the trade could go wrong on any possible level, if you are really a great trader, i believe by now you should have enough capital you can use for your own trade instead of trading for others even if they're are the one that approach you with the offer

Edit: Just so everyone knows, a close friend of mine has asked me to trade with some of their money. They have witnessed my trading and know that I am profitable. It is NOT a random person as others have suggested on this thread. Either way this does not matter and I would like to keep the discussion on topic.

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1. You'll become the blame If you lose a big amount of money, regardless of how good your friend is.