Gurus Trading Their Own Systems?!

Interesting, how much would people be willing to pay for daytrading signals for ES which average 7-10% profit per month?

Can't decide how much to charge. :D
 
The grown-up version of this same idea is: get registered and start a hedge fund / CTA business. The manager trades his own money on the signals, AND the manager trades client money on the signals, AND the clients pay the manager a slice of the profits. Precisely what people here are wishing for.

Clients also get to inspect a real-trading, real-money track record before investing. Except for the million dollar minimum, what's not to like?
 
Quote from Spectra:

Yep! I've actually asked this question before to Linda Raschke and her answer was something along these lines: Intelligent investors have multiple income streams. Linda has a trading service that charges a monthly fee and I know for a fact shes a great S&P trader. Why doesn't she just trade and not waste time with other income sources??? She also owns various real estate and other businesses. If you see an opportunity to market your skills and make money, you should always take it because you have no idea when one of those income streams may be stopped by some catastrophic event or just fizzle out. Just like diversification in a portfolio. She trades her system and sells her knowledge. Nothing wrong with that.

Take me for example. I make money a few different ways

- Programming projects for people
- Trading
- Computer Repair/Web design
- Payout from PureTick.com every month

I'm decent at all these things but if I just did one I'd probably get tired of it quickly.

I could just drop everything and trade but that's pretty boring. I also think motivated individuals just like to start new projects and see them flourish.
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Ha Spectra I like to hear things like you have stated in the above. I myself have always been resourceful in finding ways to produce multiple income streams. However, in all due respect I would be careful in what you say in the above. There is nothing wrong from making income from your chatroom at Puretick. But openly disclosing the situation can cause resentment among many others who view this act as questionable.

Its just this whole thing about capitalizing and selling the service of trade signals that turn many old school die hard Traders off.

I know you say just doing Trading would be boring. But I personally know several full time traders who eat sleep and drink Trading for decades now.
And trust me they dont have any kind words for Services like Puretick and TTM. They feel like the truly best World class Traders will make money on their own buck and their own buck alone thru personal Trading.

That being said I still think PT is one of the better services out there but I would just be careful when you post in here and disclose in detail your financial streams.
 
Thats ok Jimmygold. I'd rather traders know the truth up front. They cant resent us a little for having wealth, as long as they learn something and make money with our traders. Which has been really hard the last week I might add. Easter volume has been horrid.

I hope traders can handle the truth.

I'm not one for placing sneaky ads saying 'make $5,000 a week off a $2,000 account' Trading is hard. We'll help as much as we can and be upfront about our business and what it offers.

CajunSniper / Puretick.com Administrator-Trader

Quote from jimmygold:
Puretick. But openly disclosing the situation can cause resentment among many others who view this act as questionable.

words for Services like Puretick and TTM. They feel like the truly best World class Traders will make money on their own buck and their own buck alone thru personal Trading.
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i totally agree with cajun, and LBR as well, btw.

while i do not have a "system" in the sense of a mechanical system, i most definitely have tightly defined setups, that are profitable

i *also* teach

and i *also* manage OPM

diversified income stream is awesome. and teaching is hard work, but it's a RISK free income stream, unlike trading, which, no matter how good you are - always involves risk

teaching is also FUN. and teaching others, i have found, improves your own trading

as usual, the bashers in ET hate to see anybody else succeed (*since they are most likely unsuccessful) and thus all mentors and rooms are "scams" and such.

also, as to the hedge fund thang, it (usually) takes a well established pedigree, and significant startup costs to start a hedge fund.

i would not even CONSIDER an actual hedge fund (as opposed to just basic OPM management) until i have far more liquid assets
 
Quote from HoundDogOne:
My objection to gurus is: If the system is so good, why isn't the guru busy trading it?
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If some guy is so good at basketball why is he working as a coach instead of playing himself?
 
I head that Paul Tudor Jones cut neighbors' grass until he made his first 100 million. But it was mostly to keep from getting bored with just making mere millions
 
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