Jack Schwager joins Michael Martin to discuss his new venture with FundSeeder.
There are some great free tools there that are of great value to a new trader. What I like about what I’ve seen so far, is that it helps the newer trader focus on what’s important…managing your equity curve.
FundSeeder is great for helping you build a legit track record. You can get ranked as well to see how your strategy ranks against other traders.
Here is a video on how FundSeeder works:
FundSeeder will help you along and get licensed when after you’ve shown some promise and you have a good shot at raising equity – they will work with you accordingly. Not everyone will get to this point, however, if you don’t start out with the best resources, it is fantastically difficult to play “catch-up ball” in trading.
Even rank amateurs and trading moonlighters will find the tools useful.
During the interview, Jack and I discussed reporting of returns (VAMI Calculations) if you are registered with the NFA as either CTA or CPO. If you are interested in that sort of thing, here are a few links that you’ll find useful, both courtesy of the National Futures Association:
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Richard Peterson is an expert in developing indices that capture market sentiment. One of them in particular is the Thomson Reuters MarketPsych Index or TRMI.
His newest book is called Trading on Sentiment: The Power of Minds over Markets which we discuss herein. It’s one of the best books I’ve read in a long while.
Click here to find out more about him and his firm MarketPsych.Continue Reading...