Quote from opw:
What is so funny/strange/unaccaptable of this?
Worst case: you lose 1000 and learn something.
Best case: you learn the something from a good trader
Seems good value to me...
So what if he get paid if he does his job well? Everybody wants to get something for their efforts. Nothing wrong with that imo.
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Well I think the problems are several. First of all this account "auditing" seems like a neat way to avoid the scrutiny of registering as a Fund, which this "profit sharing" setup de facto is. Secondly what about those who are negative. Were they lesser traders? Should their net losses not have to dilute Brandon's profit participation from the net winners?Don't answer the obvious, that the "losers" weren't following the WAY. Chat room recommendations are by their very nature...well chatty. What's a clear signal to enter and exit to one trader might not be to another. Also their is the matter of position sizing. One guy may be lucky and pour it on the winning trades, while another unluckily gets big on the losers. Honestly I've never in my 20yrs heard of such an arrangement as this.
