Are you profitable? So take this challenge...
- Thread starter Xtrader59
- Start date
y not just buy someone else's profitable system and trade for yourself, based on its results ofcourse - i think if i gave my system to someone they would be able to make money if they follow it. most of the traders do have a system that they follow. but i am not sure anyone would sell it, especially if it actually works! but maybe.
For years I pretended to live this life. I published a newsletter that had about thirty subscribers if you can call them that... thirty victims is more like it people or financial institutions that I decided to bombard with my ideas on a quarterly basis. Over time I got my fans of course usually the underlings in an office, and we tried to come up with schemes that could repay me for all the millions they were making off my ideas... in the end it's not worth the risk-- I'll take a stock name over the phone that's already trading as a good idea but the dead letter stuff, the fixed price securities or back door ipos > I said no. When one of the offices I communicated with had there leader go out in handcuffs I felt real good about my choice to not profit from my brilliance.
Well time changes everything. I could use some cash!I'm bitter now.
Anyway who needs the grief! That did come from a pro and I'll tell you why. When I want to I can run upwards of six accounts of friends and family and then monitoring which stocks are in which and making sure good story s happen to everyone but not having enough cash on hand always... it's ingestion causing. When one of my ideas blows up I'm instantly thrust into guilt and grief for those I have wronged.... What gets lost in all of this worrying>? You guessed it my account. Welcome The Damo to ET!
Why don't you just challenge folks to build you the perfect portfolio and the winner receives a couple flat screen tv's. Normally I would gasp at that- I have only rear tube Sony's, but I'm eyeing a house in Washington Ct and will need some TV's pretty quick. Maybe the contest should just run through Dec. Thanks ~ stoney
Well time changes everything. I could use some cash!I'm bitter now.
Anyway who needs the grief! That did come from a pro and I'll tell you why. When I want to I can run upwards of six accounts of friends and family and then monitoring which stocks are in which and making sure good story s happen to everyone but not having enough cash on hand always... it's ingestion causing. When one of my ideas blows up I'm instantly thrust into guilt and grief for those I have wronged.... What gets lost in all of this worrying>? You guessed it my account. Welcome The Damo to ET!
Why don't you just challenge folks to build you the perfect portfolio and the winner receives a couple flat screen tv's. Normally I would gasp at that- I have only rear tube Sony's, but I'm eyeing a house in Washington Ct and will need some TV's pretty quick. Maybe the contest should just run through Dec. Thanks ~ stoney
Interesting suggestion. But I'd never give you more than 5% per year under these conditions and would keep all the rest of profits.
Why? Because share of profits is a number which as everything else in free economy is priced off supply/demand. And what is the closest competition to your offer among no-risk investments? Right, bank CD, so 5% PER YEAR, unless you find a complete fool and a good trader (being both at once).
Why? Because share of profits is a number which as everything else in free economy is priced off supply/demand. And what is the closest competition to your offer among no-risk investments? Right, bank CD, so 5% PER YEAR, unless you find a complete fool and a good trader (being both at once).
The trader has to deposit same 100% in another account and garantee your losses??
The trader can increase leverage by a factor of 2 on the other account and keep 100% of the profits for the same risk..
The OP wants to take a cut for doing nothing.
The trader can increase leverage by a factor of 2 on the other account and keep 100% of the profits for the same risk..
The OP wants to take a cut for doing nothing.
Xtrader59,
Do you know how silly your proposal sounds? So the unlucky fellow borrows 100K from you, adds his 20K to make a 120K trading account, and you require him to lock up 120K (the amount he will be trading) somewhere? What is the balance?
Even if he didn't have to lock it up somewhere, but somehow is obliged to refund you your principal when he suffers a loss, what is the fair return you should get? Certainly not more than the guaranteed rate on money markets, which is 3% of your money per year. Granted he may not make money every year, in which case you should get 6% of your money in the good year, and 0% when he does not make money (with your initial principal preserved). Anyone would be foolish to accept any proposal less.
Do you know how silly your proposal sounds? So the unlucky fellow borrows 100K from you, adds his 20K to make a 120K trading account, and you require him to lock up 120K (the amount he will be trading) somewhere? What is the balance?
Even if he didn't have to lock it up somewhere, but somehow is obliged to refund you your principal when he suffers a loss, what is the fair return you should get? Certainly not more than the guaranteed rate on money markets, which is 3% of your money per year. Granted he may not make money every year, in which case you should get 6% of your money in the good year, and 0% when he does not make money (with your initial principal preserved). Anyone would be foolish to accept any proposal less.