Look For Judgement
January 13, 2016 Leave a comment
About a week back I was pitched an algo trading scheme that was offering a mostly 12%+ return monthly. There were the past performance figures, with even the odd slip-up.
At the point I was put off by the fact that a bot would have access to by trading account. It seemed a risk not worth taking.
Moreover, I had not the experience to know what are normal returns from futures trading.
On Saturday last, I had lunch with a friend who owns a stock broking firm. And he was willing to offer a guaranteed 20% return per year only. Anything more in his opinion would be undoable/too risky and likely to bankrupt any broking company.However his was manual trading, not algorithmic trading. Read more of this post