Everything has a price. Since neither you nor your kids will make X MM with your strategy you would be prudent to sell it for that much, plus taxes. Otherwise you are an idiot. Well, you might be an idiot anyway...
For profitable traders only...how much is your strategy worth?
- Thread starter vincentnyc
- Start date
Everything has a price. Since neither you nor your kids will make X MM with your strategy you would be prudent to sell it for that much, plus taxes. Otherwise you are an idiot. Well, you might be an idiot anyway...
Isn't that what makes it discretionary by definition? I guess one can try, but it will become so complicated and unpredictable that I would not put any real money in it.
This is kind of a good answer, except:
1. Your strategy isn't expected to work forever.
2. A bird in hand today is better than 2 birds tomorrow. You can use the big money today better than some steady money 20 years from now (assuming you are not a dolt).
Only negative of this approach is the bigger tax bill...
Actually that makes sense too:
1. If you overprice your product, you won't be able to sell it.
2. Just because you sell it that doesn't mean you can not still use it. (unless it was in shallow markets)So why don't you get a significant extra income instead of hoping for a big payday that never comes?
Again, you have no idea how much my strategy will generate. You were one of the fools that believed I blew out my account! I remember all too well. You have zero credibility with me and the rest of ET. You’re still pissed that I proved you to be an idiot among all your peers. Lol!
I assumed I'd have to stop trading it myself but yes, it's very difficult to enforce that. I could technically change the strategies slightly and still be able to trade them. Most of them would still be worthwhile to trade for the buyer. $2m isn't enough to make a decision but I wouldn't care how many buyers there are.
The $25m is my live-off-the-interest number I suppose.
@vincentnyc , I have a serious offer for you. It does not involve selling my exact strategies as the strategies I trade now might not be the strategies I trade three months from now. But rather the offer is for software to build (with a little bit of direction) your own profitable strategies which can be run automated. Along with the package is the exact setup I use to run in AWS (the cloud) with monitoring and email alerts in place so you can do other activities during market hours. The cost is $3,000. You may be asking, why so cheap? Well, like I said, I am not selling my exact strategies so I can still use my strategies profitability. Secondly, I need funds to bootstrap my product to make it fully commercial.
Bobby, stop being an idiot and stick to the topic...For the record you are the guy who constantly lies about his strategy, but that is not the issue here.
OK, let's say I am a buyer. If I don't have an idea of the strength of your strategy, why would I pay for it? But even if I have a clue, I wouldn't pay 30 years of possibilities becvause markets change.
But you not even considering selling a strategy is making you an idiot. Why would you trade when you could retire in Cabo and drink tequilla?
OK, let's say I am a buyer. If I don't have an idea of the strength of your strategy, why would I pay for it? But even if I have a clue, I wouldn't pay 30 years of possibilities becvause markets change.
But you not even considering selling a strategy is making you an idiot. Why would you trade when you could retire in Cabo and drink tequilla?
@Pekelo is correct.
Without an exit strategy, perhaps an out-sized accumulation of wealth over time, a buy-out of some sort, a thoroughly planned and groomed succession, or some combination, a trader is no different than an 8-5 working stiff... When his/her time comes, the accustomed lifestyle ends as well. What is YOUR what-for?
Without an exit strategy, perhaps an out-sized accumulation of wealth over time, a buy-out of some sort, a thoroughly planned and groomed succession, or some combination, a trader is no different than an 8-5 working stiff... When his/her time comes, the accustomed lifestyle ends as well. What is YOUR what-for?
Ok I will entertain. If I pay your $3k, how much capital would I need at least? How much I can make/lose per month based on that amount? What would I be trading? Penny stock, cryto, forex, future, option or your Russell 2000 stocks?