Why do you charge so much for "training" or showing traders a system ? Its not a holy grail, its hard work as you have stated, and your organization makes so much money off the commissions from these "traders" opening position activities/trades. Yet you want to charge thousands to let them know about something that is 100 percent up to them to succeed ?
Quote from Don Bright:
It is so subjective. If you're referring to this strategy only, hmm? Some traders will be comfortable with 2000 shares within a couple of weeks. Some will trade only a few hundred for a year. So, the actual cash is hard to identify. I try to instill confidence via consistency, it's up to the trader to turn up the share size.
Sort of like blackjack. I can certainly help you become a winning player, but do you want to play $5 chips or $100 chips (other than the cloaking reasons etc.)?
I wrote a short piece on the last page of Stocks and Commodities in the December 2008 edition about "Transitioning to Trading" - and this strategy has helped many by allowing them to trade the first half hour in the morning before heading off to a "day job" for a while. I still have Doctors who do just that.
Our record is something like $700,000 on one morning, which beat his old record of $500,000 on one morning (yes, he has lost big money too, but not over $200,000)...these are obviously very rare results done by a trader who has been with for 15 years or so.
So, all in all, a good transition, good training, confidence builder is the way I look at it.
Now I have to do it live on Tues and Wed in front of over 50 new traders, LOL. And do it manually (getting way too old for that).
Don