Looking to expand my trading...

[jasonmog]

I got into trading stocks at the end of last year and honestly, I made some mistakes. But being the the engineer that I am, I tackled the problem systematically and logically by loading up historical data in a database and analyzing it every which way only to find, on my own, that rudimentary trends are pretty reliable. Armed with these patterns and the right trading tools, I've managed to earn at least 1% every week this year (conservative but compounds to almost 70% per year), but now I feel like a big fish in a small pond. I have a decent-sized savings that I contribute healthily to every paycheck and continue to grow in the stock market (even on long-term, downward trends, although I don't short-sell) but why should I limit my talent to my own nest egg? How can I get into investing others' money? Where can I find clients? What legalese do I need to go through? I understand it might not be easy (especially after the antics of Madoff and friends) and that it's a big deal to be responsible for the hard-earned money of others, but I wouldn't pursue this path unless I knew to enough certainty that these patterns would be sustainable for the time being and that there are more to find (as I do on a regular basis). I appreciate any advice and concerns the forum could provide me.

[starshard0]

I'd recommend talking to a lawyer first, I'm sure that someone on the board is one. Or you could always start up and investing club, I'm not sure of the specifics on it, but there was an article about one I read either here on Wisebread or another financial blog.

[jasonmog]

Hmm lending club? Someone on another forum said I should look into taking the Series 7 exam (http://www.finra.org/Industry/Compli...edReps/P011051) to be accredited.

[starshard0]

Yeah, if you want to jump right into the professional world of investing, then that would be one way to go.

[designershoes.bz]

I feel uncomfortable dealing in stock Market these days.

[Kathryn]

Originally Posted by jasonmog

at the end of last year and honestly, I made some mistakes.... Armed with these patterns and the right trading tools, I've managed to earn at least 1% every week this year (conservative but compounds to almost 70% per year)

Dude, *everyone* lost money at the end of last year, and everyone is making money this year. You may be making smart choices or good guesses, but looking at the performance of your portfolio over the span of a few months is absolutely NO way to judge the reliability of your new-found system. How can you say that you've made money during long-term downward markets if you're only looking at data this year? The trend for period in question (2009) has been UP. Hell, we just had the first

Now, if you'd made that kind of money consistently since late 2007, that'd be something to crow about. And even so, it's a highly regulated profession, if you want to actually handle other people's money make decisions for them, and not just write up and e-book or publish a blog about your system.

If you think your system is reliable, and you want to make a bigger splash, why don't you sign up for Motley Fool's CAPS system and start making picks? That'll give you a better idea about how your system stacks up over the long run vs. other people who are also putting a lot of mental effort into picking the right stocks.

[urvi88]

It's very risky to invest in such market, there is lot of knowledge and info required before investing.

[Buck Nekket]

you just have to be extra confident of what you've got and the insight of what will you have in the future..that is to equalize the determination that you have and for it not to be wasted, gamble! take the risk and you'll see results.. More so, I think tapping the media would be effective.