how much is your time worth, if you did the fib work yourself you would learn so much more watching it along with the tools you are now using,that education is worth far more than anything you could buyQuote from trc4949:
hmmm,
well it seems like most don't want to spend a dime here
I have always wanted to sign up for a service that has a low annual one time recurring fee that provides me occasional trading setups and or advice about the market indices or individual stocks..
think about it... even if you are an outstanding trader.. why would it hurt to have a trading ALLY for a full year that sends you keen observations or setups of big patterns which could help you along the way?
to me that would be very valuable for a full year...
I have been trading since 1994 while I consider myself a pretty good trader.. it would be great if someone throughout the year would send me some good fibonacci setups or big patterns setups that could open my mind to something I had not thought of..
that is where I see the value..
but as far as price ? well I am thinking between $147 a year to 100 a year would be a fair price for such a service...
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how much will you pay for a trading subscription service
- Thread starter trc4949
- Start date
Quote from trc4949:
I sort of agree... but my take on most of these subscription services is that 99% of them are focused on focusing on the trees instead of the forest. They want traders to focus on the day to day hype and then readily collect their monthly FEE and bank it.
I suppose it really comes down to preference and strategy... one could focus on day trading making daily trades and then getting X% total return on annual basis..
or one could focus on week to week swing trading for X% total return per year..
or one could focus on a few big patterns per year for X% return per year...
for example ( see image attachement to this post) :
I propose that the Euro ETF FXE has bottomed between 125.21 and 124.30 as a result of a perfect gartley buy pattern...
of course no guarantee, but the downside risk is limited and defined with a stop at 124.30
and so several of these types of big patterns per year has to be worth at least $100 a year ?!?
Yeah, I have that Gartley plug-in for MT4 as well. It was free and I don't use it.
if i offered 30 days free,you would know everything i knew,trading's not that hard,subscription services are there for failed guys to take new guys money, all the info they say they have can be found free on the netQuote from trc4949:
Is that the caliber of "advice" you envision yourself giving?
Not at all. I want to push the limits of value and that is why I appreciate everyone's feedback in this thread. But I need to know what optimal value is in this type of transaction.
I have a better idea now.
I will offer 30 days free... offering more than that is sort of giving away the whole candy store... or maybe it should be 60 days free? I am not sure.
Quote from logic_man:
I guess I am a little confused by what you actually are proposing. EWI is a scam and their trading advice is atrocious. If you follow it, your account value will eventually go to zero. Is that the caliber of "advice" you envision yourself giving?
If that's what you want to emulate, I think it's going to be pretty difficult because they get subscribers based on Prechter's reputation, so it's basically a cult of personality.
If you want to offer something of value, EWI is absolutely irrelevant to the discussion.
This makes me laugh.
well done.
Quote from trc4949:
from a business point of view wouldn't you want to be at the price that maximizes subscribers at a given subscription rate? I understand about being seen as premium and all.. but there must be a sweet spot on that bell curve of dollar rate versus subscriber numbers....
and honestly from all the trading subscriptions sites i have seen MOST are charging 50 dollar a month... so into the 500 to 600 range per year......
I just do not see any subscription sites pushing the limits of VALUE to subcribers at an attractive annual rate...
I suspect most of them charge 50 a month because most only stick around for a month or two... and then cancel which is a shame..
Yes, you want to maximize along the demand curve, but also think about the logistics of handling a large subscriber base vs. a small one. If you're going to be a one-man operation, providing support for 1,000 customers is a lot harder than providing it for 100 customers. Sure, the marginal cost of producing 900 more electronic copies of a newsletter is practically zero, but the cost of supporting that extra 900 customers is potentially massive.
Quote from trc4949:
Is that the caliber of "advice" you envision yourself giving?
Not at all. I want to push the limits of value and that is why I appreciate everyone's feedback in this thread. But I need to know what optimal value is in this type of transaction.
I have a better idea now.
I will offer 30 days free... offering more than that is sort of giving away the whole candy store... or maybe it should be 60 days free? I am not sure.
You should probably base the amount of time offered free on the number of trades. At the end of the day, no one reads those things for macro-analysis, of which there is more than enough to read for free online. They read them for trade recommendations. Earlier on, you were talking about 4 or 5 set-ups per year. That means that the likelihood of one occurring even in a 60-day window is, at best, 50/50.
Over time, you could mitigate this by having a full archive available to trial subscribers, who could then do their due diligence on you even during a relatively slow period for actual trades.
Absolutely Zero!
Name one insanely good trader that makes good trading calls on a daily basis with timely entries stops and exits in a liquid enough market.
They don't exist!!!!!!!!!!!!!
Name one insanely good trader that makes good trading calls on a daily basis with timely entries stops and exits in a liquid enough market.
They don't exist!!!!!!!!!!!!!
Make it $1 a month and get only 100,000 subscribers....soo easy with an amount that low.
then hire customer service from india.....
then work 80 hours week studying the markets...but u make 100k a month so it's good, hard work
then give them tons of free stuff
then charge $2 and make tons more...
or a funnier idea.
send 1/2 the subs a BUY letter
and 1/2 a SELL letter.
half will think you are smart.
then hire customer service from india.....
then work 80 hours week studying the markets...but u make 100k a month so it's good, hard work
then give them tons of free stuff
then charge $2 and make tons more...
or a funnier idea.
send 1/2 the subs a BUY letter
and 1/2 a SELL letter.
half will think you are smart.
Think of the man hours it took for Baron to develop ET. No trading skill needed but countless coding and admin man-hours. Now consider that you really don't need any coding ability, but anyone trading since '94 should not need to market some (sorry) lame fibo site. If you're good there will always been an order of mag more cash in independent trading and/or managing OPM.
I've done some consulting on the side on structuring, but never selling the signals. It's simply not good business. You wouldn't even be considering this if you were profitable.
I've done some consulting on the side on structuring, but never selling the signals. It's simply not good business. You wouldn't even be considering this if you were profitable.