Hello. I've been quite successful so far in my trading endeavors. So much so that I've been offered a decent amount of money to trade with if I split the profits 50/50. I just have some questions on how I can go about doing this carefully.
How can I ensure that I am keeping track of when I am using their funds and when I am not? I guess I could always open a second trading account which would keep the funds separate, however, this would be a bit of a pain having to sign in and out of multiple accounts.
If I added the funds to my own account how can I keep track of profits? Could I calculate the percentage of what the newly added funds are compared to my current funds? And if I need to cash out or share profits in the future, I would take that percentage of my total funds and remove them?
For example, if I currently have $10,000 and am loaned $3,000, bringing me to $13,000, could I take the percentage of the loan (23%) and multiply it by my ending balance? So,if a year later, my ending balance is $37,245, would taking 23% of this balance ($8,566) provide me with the correct amount of funds? Then take the 50/50 split profit amount ($4,283) and send it back to the loaner? Does my math seem to add up?
Thanks.
Edit: Just so everyone knows, a close friend of mine has asked me to trade with some of their money. They have witnessed my trading and know that I am profitable. It is NOT a random person as others have suggested on this thread. Either way this does not matter and I would like to keep the discussion on topic.
I had a similar scenario last year. My good friend referred me to someone who wants to trade. However, I didn't expect that referred person wants me to handle her funds and I will trade it for profit. Because of that, I rejected the offer and I don't want to risk it.
I only gave her some useful resources about the basics of cryptocurrency trading and where to learn them. It's very hard on my part to keep track of the funds from other people to be used to trade, especially when the market goes down later on.