Interesting. I have a few questions:
- Would you mind to show your past performance in Bitcoin trading?
- Can you explain how the 'mimick' part works?
- How much control would one have with the Mt.Gox API key? They would be able to execute trades, but couldn't possibly make withdrawal/deposit, right?
Thanks
Edit: yeah forget to ask about this 'high-watermark' point.
requesting a 10% performance fee on all gains from trading activities. We will operate on an investment cycle typically a week to a month.
So do you charge 10% of profit gained at the end of the investment cycle? Or charge 10% of the profit at the moment where the account's value is highest in the investment cycle?
For example, if the account did well and gained 20% early in the month, but didn't do so well afterward and ends the cycle with 10% loss, would you still charge fees from the unrealized gain at the peak, or won't charge anything because the account actually loss value at the end.
At the end of the investment cycle, I charge a 10% fee of (final balance - initial balance) if it is greater than 0. Your high watermark is set at the highest level I put your account. So let's say we go from 1,000 bitcoin to 2,000 bitcoin and back down to 1,100 bitcoin - my performance fee is 10 (10% of 100 profit) bitcoin and your high watermark is 2,000 bitcoin. I will not make another bitcoin from your account until I push you above 2,000 bitcoin.