is it possible , than i am also interested have available fund of 10 lakhs , but one condition is there , no options and no commodities , only nse traded stocks and index trading allowed , will share profit percentage as decided , but what if loss ?
also how it can be done , can i provide my ac pass. and id to him or any other way , is he or she will conduct from his place , or come in my office also what r the terms and conditions .
if interested plz contact with details , name and identity will be not disclosed .
both of you [not sure how serious you guys are] need to work like prop trading firm. not entirely but make some rules like the firms.
provide the best trading platform + charting feature.
provide the best brokerage for trading so that breakeven is low.
dedicated technical help in case of internet/software problems.
some are:
->Leave the trader to decide what he/she wants to trade.
->provide basic stipend to cover the traders needs; this money is made recoverable from trader's profit. the prop that i work for, gives 2k p.m and deducts the same from PnL statement.
->set max loss limit per day. beyond which, trader cannot trade. certain software allows you to do this. Else, can be done manually.
->profit sharing should be encouraging for the trader work harder.
Don'ts:
-> give any profit target
-> force trader to trade on any day he doesn't want to
-> stand on his/her head on the first instance of loss
not sure if you guys are serious about the offer. If you are, make sure you see past trading record of the prospective trader.
all the best.