The business model of Gold's Gym has their "customer" signing over their banking info and a commitment to provide a token monthly payment -- backed by a Byzantine contract separation formula and a well-staffed legal back-office. The "customer" thinks they are buying gym access -- and when they miss a payment, or decide to quit and seek to separate, they discover the reality: Golds will tap them for quite a bundle, while providing nearly nothing. The goal of Golds is merely to entice you to sign up -- "fitness" is completely secondary. Golds business model is about getting you to sign up. You are *volunteering* for contract abuse.
These trading gyms (TopStepTrader) are no different -- despite their use of masculine language and titles like TopStep (for those knowledgeable of trading pits) or trading "combine" ("Ooo! Football!") or whatever. It's a ruse to tap your capital vein until you're too faint to pull the needle out yourself. Your capital "fitness" -- like some newsletter that Golds might put out -- has nothing to do with reality: it's only there to encourage you to leave the needle in. You are volunteering for *capital* abuse.
What proportion of traders in these shops are successful? 1 in 10?
And how much money do the sponsoring shops make from these stars? $40-thou? $50?
How much do these shops make from the also-rans? $10k? $20k?
Do the math: they do not wish for your success -- they wish only for you to sign up. If you're a "star"?? Your main purpose is not to make money, but to make stories -- the money they accrue through your successful trading is incidental to the draw you create for new blood.
Both businesses profit from the same model: find the dream, and tap into its bloodflow.
These trading gyms (TopStepTrader) are no different -- despite their use of masculine language and titles like TopStep (for those knowledgeable of trading pits) or trading "combine" ("Ooo! Football!") or whatever. It's a ruse to tap your capital vein until you're too faint to pull the needle out yourself. Your capital "fitness" -- like some newsletter that Golds might put out -- has nothing to do with reality: it's only there to encourage you to leave the needle in. You are volunteering for *capital* abuse.
What proportion of traders in these shops are successful? 1 in 10?
And how much money do the sponsoring shops make from these stars? $40-thou? $50?
How much do these shops make from the also-rans? $10k? $20k?
Do the math: they do not wish for your success -- they wish only for you to sign up. If you're a "star"?? Your main purpose is not to make money, but to make stories -- the money they accrue through your successful trading is incidental to the draw you create for new blood.
Both businesses profit from the same model: find the dream, and tap into its bloodflow.
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