path toward trading for a hedge fund

[Benny Neo]

Hi everyone,

 

I receive many response from many people who show interest to take up the offer. Basically, there are two types of response, some feel they are really to trade for the managed account without attending any more coaching,  and some do not mind to enrol for a seminar before proceed to take up the apprentice role. The procedures as follow for both options.

 

Summary

Option 1: Attend 3 months mentoring program

 

Phase 1

1) Participants attend Wealth Sanctuary 3 months mentoring program. Participants will have to pay tuition fee to wealth sanctuary.

2) Hedge fund(HF)  through their consulting agent (AS) will provide  XX dollars per account for these traders to trade on. They will be funded with live capital and all profits and losses will be absorbed by HF. No party has any profit sharing rights on these accounts. 

3) This period lasts for 3 months.

Phase 2

1) AS now reviews all trading results.

2) Those selected will be further scrutinized/interviewed for an "apprentice" role.

3) A small base salary plus a small profit sharing amount will be offered to the apprentice.

4) AS will provide accounts with small capital, but relatively larger than that of Phase 1, which will be funded by client's money instead.

5) The apprentices may have trading desks or an office that they trade from.

6) This period lasts for 6-9 months, depending on the progression of the trader. During this "OJT" phase, they will be coached and mentored as well, so it shall be a growing/moulding phase for them too.

Phase 3

1) Successful traders will now be officially promoted to fund managers where they will have their own desk, job and position with the company.

2) They will be paid a larger salary and a substantial profit share.

3) Individual clients' accounts will be assigned wholesale to each trader.

4) This period will have a bond period of 3 years.

 

 

Option 2 Without further attend Wealth Sanctuary 3 months Mentoring Program

 

Phase 1

 

1) AS will help setup a trading account with one broker for Interested participates where participate has to fund the account with a min USD2000 and start trading.

2) This is a live account funded by participates, and participates is responsible for the profit and loss for the account.

3) All participants need to pay a registration fee $150 to AS when register for the program. Upon completion of 3 month trading, successful participants that ready to assume the apprentice role in the HF organisation will need to pay consulting fee of $1350 ($1500-$150) to AS.

 

Phase 2

1) AS now reviews all trading results.

2) Those selected will be further scrutinized/interviewed for an "apprentice" role.

3) A small base salary plus a small profit sharing amount will be offered to the apprentice.

4) AS will provide accounts with small capital, but relatively larger than that of Phase 1, which will be funded by client's money instead.

5) The apprentices may have trading desks or an office that they trade from.

6) This period lasts for 6-9 months, depending on the progression of the trader. During this "OJT" phase, they will be coached and mentored as well, so it shall be a growing/moulding phase for them too.

Phase 3

1) Successful traders will now be officially promoted to fund managers where they will have their own desk, job and position with the company.

2) They will be paid a larger salary and a substantial profit share.

3) Individual clients' accounts will be assigned wholesale to each trader.

4) This period will have a bond period of 3 years.

 

To sum up,

 

Option 1, participants pay a tuition fee to receive 3 months coaching and start trading a funded account by the HF. All risk/reward on the account bear by HF.

 

Option 2, participants ready to prove their skill without attend any coaching from wealth sanctuary. Participate will trade their own account, funded my themselves.

 

 

 

Rgds

Benny