Thank you. I think it works. But $10 for a "profitable trading system" seems to be a little bit impudent specially in first bid.
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How much does a profitable method or strategy costs?
- Thread starter PsychoTrader
- Start date
Thank you. I think it works. But $10 for a "profitable trading system" seems to be a little bit impudent specially in first bid.
O
on the money
Just invest your money with him and let him take a management fee. You get big profits, he gets paid for doing something that he is already doing, everyone wins.
If you insist on buying the system perhaps it's because you want to sell it to someone else. and if that's the case, figure out how much the third party is willing to pay and then make the system seller an offer based on how much profit you want.
If you insist on buying the system perhaps it's because you want to sell it to someone else. and if that's the case, figure out how much the third party is willing to pay and then make the system seller an offer based on how much profit you want.
Quote from on the money:
If you insist on buying the system perhaps it's because you want to sell it to someone else......
I insisit on buying the system just because I want to trade for a living and I don't want allways look for someone to manage my account.
Anyway
How much does a profitable method or strategy cost? 3000USD?
5000? 10,000?
Quote from PsychoTrader:
I insisit on buying the system just because I want to trade for a living and I don't want allways look for someone to manage my account.
Anyway
How much does a profitable method or strategy cost? 3000USD?
5000? 10,000?
You could invest in a book on negotiation then perhaps you'd understand how bartering works.
Quote from PsychoTrader:
But the gains relate to lot size which is different for everybody
Not quite. There is always an optimal limit for a given strategy, given among others, the scalability factor and the risk profile. If this was not so, then every multibillion dollar fund would only need 1 working strategy and the funds would soon become multi-thrillion or multi-zillion ... basically the sky would be the limit!
Note that this lot size is to do with the strategy itself , not with the abilities of the wishful trader/buyer.
Consider for an example of an affordable real life strategy:
Expected profit:
12% pa
Sharpe ratio:
0.8
Max Drawdown:
20%
Style:
High frequency trading. Upto 30 signals per day. All trades closed by end of day
Optimal capital allocation given among others high slippage on exit:
1MM per day
Thus given this oversimplified description I would value this in this way.
Excess return over the risk free rate:
6%
Expected strategy value over 5 years:
300,000
Present value:
224,000
Deal?
Quote from PsychoTrader:
This guy isn't a system seller. I know him somehow and as I told you before I'm trying to convince him to sell his system to me. He is a very profitable Forex trader .
So, why would he then sell his system to you if it was so great? Because his middle name is Humanity? I just dont follow the logic at all. If you find a great system why would you share it with others, knowing that once others trade it as well that it will over time lose its efficiency? What am I missing.......?
Quote from PsychoTrader:
I insisit on buying the system just because I want to trade for a living and I don't want allways look for someone to manage my account.
Anyway
How much does a profitable method or strategy cost? 3000USD?
5000? 10,000?
Sorry to be an asshole but I think you want to buy the system because you are too lazy to do your own homework. Guess what happens to people in the market who dont do their own homework. They get eaten alive by those who do, sooner or later.
O
on the money
Quote from on the money:
Are you stoned?!
If this guy is as successful as you say, he is probably making that much in a day or week.
Noone would sell a really good system for 10,000 or even 100,000.
Hey, its ok. Some really think they dont need to put in ANY of their own work, put couple bucks on the table and instantly make money. You wont ever change this kind of perception. And you also wont change the fact that 95%-98% of "traders" lose money. Let's guess what makes the 2% or so of winners in this game take away from the rest. Coincidence? Luck?
What makes the game so beautiful is that 90% of the losing traders think they are part of the winners.
Thanks for all advices.
I bought it for 10,000 USD. It is a wonderful system.
I bought it for 10,000 USD. It is a wonderful system.