I posted here the other day, but many of the replies that I got, while helpful, were not exactly what we need right now. Much of this is due to my vagueness...
We would like to rapidly expand a group of traders around a very rigid system, one where discretion is not allowed.
For example: "When X happens, you buy. You then offer at Y and Z. When A happens, you sell. You then cover at B and C."
Many of you will think that this is ridiculous...if such a system existed, why would it be for sale? If it worked the creator would be rich. However, we do not need the system to be ultra-profitable. We would be happy with 20+ guys making 200-300 net a day. I think that something like this may exist that's been treated as a throw-away by someone because of the low numbers.
I also think there could be other sellers:
1) Not every trader likes trading. The stress does knock out lots of guys every day. If you had a good system, but wanted to retire, why not let it continue to work for you, stress free?
2) Some traders are afraid of big size. They work great with 5 lots, but 10 lots or bigger scare the crap out of them. This is a risk free way for them to capitalize on their potential.
3) Students. There are probably thousands of kids around the globe developing trading systems for class projects. Say one works...but it's not the golden ticket. It only makes about $500 a day. Decent money, but he'd rather try again for the big score. Why not sell this idea to someone who actually wants it? Someone with time and capital to cultivate it?
4) Some people lack capital and connections. What about kids in India and China? There are plenty of kids there that have more education that you and I combined, but no access to utilizing their skills.
5) A good trader with no connections. Maybe he trades from home, and he is profitable. He might not know until he sees this post that he could be much more profitable for no more work.
There are probably other possible sellers, but these seem to me to have the best potential.
We think that 10% of the trader's net is fair pay for this, since we have to pay the trader 70%. That gives one third of the rewards to the originator of the idea, and we keep the other two thirds. Your only work ever would be to teach me how to trade your system. Once it works, I will teach everyone else. After that, you will only hear from us monthly on pay day. Of course, we are willing to sign all of the appropriate legal paperwork to ensure security in our transaction.
Please let me know if you have something like this, or if you know anyone that does.
Thanks,
John
We would like to rapidly expand a group of traders around a very rigid system, one where discretion is not allowed.
For example: "When X happens, you buy. You then offer at Y and Z. When A happens, you sell. You then cover at B and C."
Many of you will think that this is ridiculous...if such a system existed, why would it be for sale? If it worked the creator would be rich. However, we do not need the system to be ultra-profitable. We would be happy with 20+ guys making 200-300 net a day. I think that something like this may exist that's been treated as a throw-away by someone because of the low numbers.
I also think there could be other sellers:
1) Not every trader likes trading. The stress does knock out lots of guys every day. If you had a good system, but wanted to retire, why not let it continue to work for you, stress free?
2) Some traders are afraid of big size. They work great with 5 lots, but 10 lots or bigger scare the crap out of them. This is a risk free way for them to capitalize on their potential.
3) Students. There are probably thousands of kids around the globe developing trading systems for class projects. Say one works...but it's not the golden ticket. It only makes about $500 a day. Decent money, but he'd rather try again for the big score. Why not sell this idea to someone who actually wants it? Someone with time and capital to cultivate it?
4) Some people lack capital and connections. What about kids in India and China? There are plenty of kids there that have more education that you and I combined, but no access to utilizing their skills.
5) A good trader with no connections. Maybe he trades from home, and he is profitable. He might not know until he sees this post that he could be much more profitable for no more work.
There are probably other possible sellers, but these seem to me to have the best potential.
We think that 10% of the trader's net is fair pay for this, since we have to pay the trader 70%. That gives one third of the rewards to the originator of the idea, and we keep the other two thirds. Your only work ever would be to teach me how to trade your system. Once it works, I will teach everyone else. After that, you will only hear from us monthly on pay day. Of course, we are willing to sign all of the appropriate legal paperwork to ensure security in our transaction.
Please let me know if you have something like this, or if you know anyone that does.
Thanks,
John
