Possibility to trade with other people's money.
Hello there 🖐🏻
My name is Sumit, and I am a 22-year-old boy situated in the heart of India's capital city, New Delhi. From the beginning of my career, I have been passionate about doing business. I've explored many industries, such as networking business, affiliate marketing and sales but couldn't find a way to make a living out of any of these. But behind everything, there was something I was getting pretty good results in, STOCK TRADING. I've been trading since mid-2021, along with trying to do other business that I mentioned earlier. I even have a record/journal from the last years about my stock trading. I just want to know that, is it possible for me to offer this skill of mine to others on a commission basis. I am looking to create such a business model where I would raise capital from others and then trade on behalf of them. Once I generate a certain amount of profit on their initial capital, I would take some portion of the profit as a commission and then the client would get a return of the rest of the profit along with their initial capital. For instance, I raised ₹20,000 from a client. Now I would use that ₹20,000 to trade stock. I managed to generate 20% over the capital of ₹20,000 as a profit which is ₹4,000. Now I would take 30% of the profit (₹4,000) that I generated for them, which would be ₹1,200. So, that is all I am asking.
Is it possible to do it legally? How if yes, why if not/I would also appreciate to let me know something I can do alternatively to make this happen if your answer is going to be no.