Introducing WealthSignals.com

[ElectricSavant]

I assume the publishers income (80%) is on a 1099 for amounts over $600.00/ Year?

Is the subscription income on a 1099?

ES

 

[Volker Knapp]

Is there a qualifying criteria to be able to introduce a publisher to WealthSignals? Is it just to let them publish and see how the results progress going forward and let the subscribers decide? Is there any limit to how many offerings a publisher can offer at one time?

ES

P. S. By the way welcome to ET and Thank You for being a sponsor.

I personally prefer strategies that have a backtested result, which can easily be uploaded. That way it can reduce the "observation" or "out of sample" period dramatically.
At the moment there are no limits on how many offerings (published trading ideas) a publisher can offer.

 

[Volker Knapp]

I assume the publishers income (80%) is on a 1099 for amounts over $600.00/ Year?

This world is getting so complex... 1099 in the US, SSN in Switzerland, AOE in Austria.... I think you get the picture. Each country has their own rule, but they all have one in common:
If you have income, you have to declare it. So the best way for each publisher is, to declare his income.

 

[bbpp]

For every year I had subscription income from C2, C2 sent me 1099-MISC form for tax purpose.

 

[Volker Knapp]

Amazing, just to avoid the bureaucracy I would consider changing the business model...

 

[traderjo]

Hey all, I'm Dion from WealthSignals.com. If you have an effective trading strategy, you can publish your signals on WealthSignals.com for free and accumulate paid subscribers. We've been around for awhile but are just beginning to try and get the word out about WealthSignals, and looking for strategy publishers. Why consider publishing your signals on WealthSignals.com?

• It's completely free to create a strategy and publish your signals
• You select your own subscription fee
• You collect 80% of the subscription revenue (we keep 20% to build the business)

Although we're relatively new, I can say that the top strategy authors are earning enough subscription revenue to pay their mortgages. We hope to now grow the user base to allow them to just use the revenue to purchase their homes outright

Feel free to post any questions or feedback here on this thread.

- Futures?
- Intraday?
- Are the signal providers flagged by real money traded ( by the signal provider) or hypothetical?
- How is the signal acted upon bu subscriber? Autotrading?

 

[WealthSignals]

- How is the signal acted upon bu subscriber? Autotrading?

Signals can either be entered manually (acting upon daily email) or downloaded to Wealth-Lab software for order placement (manual or automatic).

- Futures?
- Intraday?

We're considering this, at the moment our choice of instruments is reflected in this post: https://www.elitetrader.com/et/threads/introducing-wealthsignals-com.337484/#post-4955876

- Are the signal providers flagged by real money traded ( by the signal provider) or hypothetical?

Hypothetical.

-Eugene

 

[Volker Knapp]

- Futures?
- Intraday?
- Are the signal providers flagged by real money traded ( by the signal provider) or hypothetical?
- How is the signal acted upon bu subscriber? Autotrading?

To be more specific, WS runs the orders every minute to execute the trades as realistic as possible. Limit and stop orders are executed are executed during the day.

 

[traderjo]

so the signal providers don;t risk any money in the market!
also if the signals are provided on EOD then when are they supposed to be executed? between close of day and next day open thing can happen globally!

 

[Volker Knapp]

I am not saying they do or not do risk money in the market. I would think they do so but it is not verified at the moment.
WS is focused on the US market. So right now the orders have to be published before the US market opens. Execution takes place during the normal trading hours. I agree, a lot can happen between the close of the day and the next days open. However, from my 40 years experience you can avoid the overnight pain by not leveraging too much.
I can see that there is a large interest in intra day trading and we work hard to include it.