How I choose a managing trader

trader's choiceMost likely, this article will arouse genuine interest in some people and indignation in others. For nothing is alien to a trader or investor when he knows all the ins and outs. To begin with let's consider some aspects, which have been known for a long time. I am making such a description only on the basis of my own experience. From mistakes and long reasoning, I have found a certain way, which worked for me.

1. sometimes I ask myself, and maybe many investors ask me, too: "why successful traders looking for investors, they don't have enough money?" On the forums it usually sounds a little different: "If you are a successful trader, why do you need to be in bondage under an investor, because you are already independent?"

Various speculations usually lead to such a question:
- Something is wrong here, if he is looking for an investor and, operating with only stats, wants to assure that he can work with large depots and more productively. Such a trader is already dangerous on 50%, so a good speculator doesn't look for an investor, investors find it themselves;
- Most likely, the Statment is the tip of the iceberg, you can get trapped in psychology or dependence on the result of the trader, whom you know only from the Statment.

2. What criteria can be considered when choosing a trader? For myself, I have developed a few, I hope my experience will help you:

- trusting one statemnt is very dangerous;
- Without knowing a person and his psychology, trusting capital management on "chance" is fraught with loss Deposits;
- Sometimes you have to listen to your intuition, especially if it says no.

A few more conclusions, based on many years of investment experience. I note that they are not always clear to beginner investors:

- the best result will be trader training from scratch on the program that he himself had developed;
- an investor who came from trading is better than an investor who was in real estate;
- Among the 10 beginners in the future three will become the best students, that's what you need to work with them;
- Progressively build up financial investments for this or that trader, because learning and practice, building up trading experience is a painstaking work not only for the trader, but for the investor as well;
- In conversation, testing, and discussion, you should consider only those parameters that take priority. Write out the main points in investingthat are important to you as a future trader-manager;
- make a general portrait of the trader as a person, which best fits your understanding of the manager.

4. Here you have found a potential trader for your capital. Let's see what questions to ask and what questions not to ask?

One might ask:
- Ask for a little bit about yourself, but don't go too deep;
- where did the trader learn about , studied on his own or with teachers;
- what kind of deposit the trader operates with;
- What kind of trading experience and what accounts he has;
- Which broker(s) or brokerage company(s) the account(s) is/are open with;
- What is the average percentage of return it shows over a month, a year;
- Whether it uses demo accounts;
- How much I would like to earn as a percentage;
- which form of cooperation is more suitable;
- which makes when a trading day is good and when it is not;
- whether he experienced a total loss of the deposit;
- what kind of working mistakes happen more often: conscious, unconscious, controlled, according to the situation;
- whether the trader understands the difference between "making money" and "making money;
- Whether there are any bad habits;
- What is the family status of the trader.

You can't ask:
- about working with others by investors - You will still be lied to in a bigger way;
- It's better to get the trader interested so that he shows you his results himself;
- ask about his financial situation and where he wants to spend the money he earns;
- treats the trader as a machine for managing parts of one's finances.

Someone said that happiness is not in the money, but in the amount of money. In my version I add: "...in the ability to manage it properly. Values in life bring money, but it is other things that spiritualize.

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