Mav's Combine Proposition

Quote from Maverick74:

Combine is a term used in the NFL. They do combines for all the college players that were not good enough to get drafted in the NFL. Combines allow guys to attend workout sessions and let teams get a second look at them. If coaches like what they see, they sign on to training camp. A combine is a process. A process to get a second chance, a process to get discovered. A process for guys to get a second look.
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actually the NFL combine is at the end of February before the April Draft and all the top college players are invited.
 
Quote from wavefinder:

actually the NFL combine is at the end of February before the April Draft and all the top college players are invited.
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Right, but most of the guys are not going to get drafted. But you are right, it's also for guys looking to move up in the draft and increase their stock.
 
Mav - I am a person who has struggled trading on my own hook. I have the uncanny ability to provide good analysis, with tgts and stops.... provided I am not in the trade. Once my money is as stake I suck, no better way to put it. I have even been paid WELL for my calls. This has been an ongoing issue for me for a long time.

Basically I feel I need a re-programming of sorts and I would pay the 1500 for a 6 month build out easily. Everything you laid out sounds fair and proper in my eyes. The hypothetical makes sense..

My .001...

Crispy.
 
Hey Mav,

I have been reading ET for years and have been a proprietary trader for 3 years..although now I am trading in a different capacity. I have read many of your emails and respect your thoughts on trading.

I don't see how this would be profitable for the owner as you said you are taking a 35K risk...but even if you assume you only lose 5-10K when the trader fails AND maybe 1 in 10 will be succesful..that would mean you could easily be losing 30-40K on the failed traders and then then your 1 of 10 success will have to atleast make that much for you to cover your losses....

So not a great deal...I think it needs tweaking...one thing might be an actual screening process with proper interviews etc...not just signing up almost anyone ...try to stay clear of the all or nothing attitude type traders who dont give a crap about losing $1,500 to you cuz they would have opportunity to GO big and potentially make a lot...but most likely blow up and get stopped out.
 
Quote from Maverick74:

I agree and it's one of the reasons again that I have no interest in backing traders. At least not running something like this. Maybe as a silent investor. I still can't see how this makes money. I actually might have to adjust these numbers again. I'm taking about 35k in risk per trader. I need to find a way to lock in more revenue.
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I'll bet they underestimated the upfront amounts-Acceptable from candidates-- I would think most would try this at $1000 entry.
 
Quote from Datradr:

Hey Mav,

I have been reading ET for years and have been a proprietary trader for 3 years..although now I am trading in a different capacity. I have read many of your emails and respect your thoughts on trading.

I don't see how this would be profitable for the owner as you said you are taking a 35K risk...but even if you assume you only lose 5-10K when the trader fails AND maybe 1 in 10 will be succesful..that would mean you could easily be losing 30-40K on the failed traders and then then your 1 of 10 success will have to atleast make that much for you to cover your losses....

So not a great deal...I think it needs tweaking...one thing might be an actual screening process with proper interviews etc...not just signing up almost anyone ...try to stay clear of the all or nothing attitude type traders who dont give a crap about losing $1,500 to you cuz they would have opportunity to GO big and potentially make a lot...but most likely blow up and get stopped out.
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Yeah I agree. I was hoping that once you get a guy to go through this 6 month process he would at "least" be able to become a scratch trader. But there are many guys who have "performance anxiety" who might always do well on the combines and simply melt under the pressure of real trading.

I was hoping that by taking 50% of the p&l out at the end of the month that some guys would get streaky and make some money and it would allow be to lock in some p&l. I was trying to be flexible by extending this two years. Maybe I do an automatic three strikes your out rule. Cut the loss to 5k and allow the trader to lose 3 times. That maxes my risk at 15k. Also remove the 1500 payback on the first 3k. I need to keep that. LOL.
 
Quote from Crispy:

Mav - I am a person who has struggled trading on my own hook. I have the uncanny ability to provide good analysis, with tgts and stops.... provided I am not in the trade. Once my money is as stake I suck, no better way to put it. I have even been paid WELL for my calls. This has been an ongoing issue for me for a long time.

Basically I feel I need a re-programming of sorts and I would pay the 1500 for a 6 month build out easily. Everything you laid out sounds fair and proper in my eyes. The hypothetical makes sense..

My .001...

Crispy.
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How do you do on a demo account?
 
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