In penny stocks? I have my doubts.
Steven Dux: +230k today. $500K on the week
- Thread starter trader99
- Start date
In penny stocks? I have my doubts.
Some years ago in India, a broker called SAMCO conducted a trading Championship with a leaderboard updated on their site every weekend. The top 5 traders were interviewed on tv weekly.
The winner of the championship did 11,680% and the next 2 were far below. It later turned out that the winner was running a trading institute and the next 2 were his students, all 3 were trading penny stocks.
With the publicity the winner got, he started conducting courses at 2000$ a head and used to run housefull. Many of his students cannot replicate his results.
For more info google "samco trading championship".
The winner of the championship did 11,680% and the next 2 were far below. It later turned out that the winner was running a trading institute and the next 2 were his students, all 3 were trading penny stocks.
With the publicity the winner got, he started conducting courses at 2000$ a head and used to run housefull. Many of his students cannot replicate his results.
For more info google "samco trading championship".
What size capital do they use/ start with? Size usually restricts.
This was many years ago, I don't remember the numbers so well.
It would not have been large, so as to get more competitors.
Some of the videos are still on youtube.
There you go, i was looking for actual numbers. We can't know if it's true or not, but that's what we have. This guy says when he became profitable he made 70k$ in a month and at the same time he made 100k$ from sales for his trading course.
If you have a follower base, selling courses is a no brainer. You can make much more money, the risk is minimal and it scales well.
Don't hate the player. They are making a shit ton from selling courses.
If you have a follower base, selling courses is a no brainer. You can make much more money, the risk is minimal and it scales well.
Don't hate the player. They are making a shit ton from selling courses.
I always don't get people saying if there are profitable why are they selling their course.
Look if you are earning risk free $5k per person why not? 200 guys buying it up and you are a millionaire.
Use that million to invest and you have 50k passive income every year.
This is much better than starting with say 20k and trying to reach 1 million in a year, even it you have a winning strat things can go sour. And realistically you probably need several years to reach 1 million with 20k.
Only those that are just slightly profitable trading, logically would sell their trading course.
If they are very profitable, why would they waste their time mentoring and potentially get more stress with clients. All these just to earn that small sum of money(relative to their big trading profit).
If they are very profitable, why would they waste their time mentoring and potentially get more stress with clients. All these just to earn that small sum of money(relative to their big trading profit).
Many reasons.
Their strategy is not scalable (playing quick momentum of penny stocks). So maybe making 1mil a year or so could be the max. If they sell courses they can make as much if not more a year.
If they have a winning strategy but low capital. It's good to promote your lessons to build up your capital.
A 10% return per annum on 1mil is a respectable 100k. A 10% return on 10k is only 1k.
If you have such a strategy and 10k to start, do you think keeping to yourself and getting 1k profit the next year makes any sense? The smart move would be to sell it $1k to 1000 guys, get a million and then turn it to 100k yearly passive income with a 10% return.
"If they have a winning strategy but low capital. It's good to promote your lessons to build up your capital.
A 10% return per annum on 1mil is a respectable 100k. A 10% return on 10k is only 1k.
If you have such a strategy and 10k to start, do you think keeping to yourself and getting 1k profit the next year makes any sense? The smart move would be to sell it $1k to 1000 guys, get a million and then turn it to 100k yearly passive income with a 10% return."
These course sellers are boasting on having 100%+ returns in a short period of time and claim to have snowballed the amount to huge sums suggesting that they are consistent. It is a far cry from the low percentage returns you are implying.
"Their strategy is not scalable (playing quick momentum of penny stocks). So maybe making 1mil a year or so could be the max. If they sell courses they can make as much if not more a year."
This explanation is plausible. However as I have commented earlier, if they are very profitable, why would they waste their time mentoring each individual and potentially get more stress with clients. All these just to earn that small sum of money per customer(relative to their big trading profit). The Payoff:Effort is skewed against them.
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Ive done extremely well selling courses over 20 years based on authentic lessons learned, to thousands of traders, many who are longtime repeat customers.
I trade small size, so leveraging my knowledge makes sense. I can easily record a 2hour course for sale at $97, email my big list of followers and get 60 sales, nearly $6,000 for sending a couple of emails...
My best day trading this year I was up 2k. Do the math.
I trade small size, so leveraging my knowledge makes sense. I can easily record a 2hour course for sale at $97, email my big list of followers and get 60 sales, nearly $6,000 for sending a couple of emails...
My best day trading this year I was up 2k. Do the math.