Quote from TheFinder:
Assuming you are a profitable trader with an edge and eventually you can live well from your trades why should you head to promote your system(s) for a few bucks on platforms like C2 or similar? The same goes for paid trading rooms - maybe a rip-off.
The finder.. you can use the compound interest calculator to answer all questions. When you do the math then you can understand why I sell my systems..
There are some important concepts:
Starting capital
Years Trading
Jump/hurdle concept
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Let's just plug some basic numbers in... 5k starting * 100% net return = 5k profit for 1 year of work. 5k /12 = $400/month = I don't even want to know the hourly wage. Even say I was able to start at 10k and do 100% return, net return is still less then 1k profit per month.
The other concept is the jump/hurdle concept. I typically take a rather high possible risk on my trades. Although, I use my skill to realize less risk.This is the hurdle concept. If my risk/trade was less then I might be more inclined to trade for myself versus share.
It's all just a matter of math. I'm constantly working to improve my edges.. if I could get my risk per trade to the say $200/$300 and my returns in the 4x-5x range then the balance might start to shift away from selling my signals. Even at that level, Id probably still offer my signals. I want to be at the top of the my game, and I want it recorded. I don't see a (high) cost to offering my signals and but I do see a high possible return.
To be clear nothing prevents me from taking my own trades for myself and I plan to go live with my systems this month. I'm working to fund my account as soon as possible (requires some transferring and maneuvering on my part).
Another reason I share though is that I'm very enthusiastic and love the game. I actually shared all of my stuff for free with a scientist/friend for years. Why? Because it helped me.. It takes a lot of work to stay on top of my game and sharing with another helps me to do the work that I need to do and keep my energy up. I've offered to share all my work with a few people but most people don't have the capability/interest to "take in" the full amount that they would receive . I quit sharing here because all I got was flak. Yet, I sell my stuff on a routine basis. It makes me feel good when I know people value my work enough to pay for it.
Of course, I don't share my best ideas with the public at large. Why? Go back to the math.. if I find 1 or 2 people who are interested in my work then the cost with share with them isn't high. The potential cost would be too high to share with the public at large. I'm not worried that a few people will impact my performance.
It is all just a matter of economics in my case. I'm willing to SELL MORE (offer more information) to fewer people whereas I'm willing to SELL LESS (offer less) to more people. For example, I only need to share with 1 person to help me at my peak performance. Due to not finding any suitable partner, I share most of my stuff with myself.. creating my own feedback loops to keep in top performance. One benefit is you know an analogy would be when you have a partner that you lift weights with and then they quit coming to practice or lose interest.. then that becomes a drag on your own game. So, there is a benefit you know to just going at it alone.
I do think most vendors though understand they can make a lot of money selling trinkets and can't trade anyway. my 2 cents
