Steven Dux: +230k today. $500K on the week

qaz said:
"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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qaz said:
"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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I'm just stating an example using 10%, it could be anything. The point is they are still getting risk free money very quickly which they can use to reinvest for passive income. If they don't do so, it may take very long or is tedious to grow with a small amount.

It isn't that much effort as you think, I don't think they are individually coaching each student (unless you pay extra), they just pre-record themselves teaching and then mass sell these video courses.

Another question commonly ask is why would they sell you their secret? Financial markets are huge in volume. Teaching a few thousand students isn't going to put you at a disadvantage whatsoever, it's just a drop in the ocean.

Also, just because they tell you how to do it. Doesn't necessarily mean you can replicate it. Is like an athlete teaching you how to play his sport, it doesn't mean you can be as good as them.
 
If you are referring to a low percentage return which personally I believe is achievable then I understand why they are selling their course. As I have stated before in post#117 , only those that are just slightly profitable trading, logically would sell their trading course. A good example here would be KCalhoun.
 
KCalhoun said:
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.
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Are they more profitable after they took your course?

Just curious if you keep statistics, like us traders keeping statistics on our trades/profits. If they do better it would be hell of a great marketing tool for you.
 
ironchef said:
Are they more profitable after they took your course?

Just curious if you keep statistics, like us traders keeping statistics on our trades/profits. If they do better it would be hell of a great marketing tool for you.
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I don't make any performance nor profitability claims because of ftc/sec compliance regulations. Video testimonials are helpful:
 
KCalhoun said:
I don't make any performance nor profitability claims because of ftc/sec compliance regulations. Video testimonials are helpful:
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What regulations exactly? I'm not american but dealt a lot with american securities a lot. There arre no restrictions for you to show audited past history of performance. If I am wrong please let me know

Not attacking you but I have heard this far too much in my time, every excuse under the sun not to show actual performance. You need to show your P&L for tax reasons right?
 
Looking at these "pros" making millions a day will only make you go insane. Focus only on what you have done and what you can do, one small improvement at a time. F all these internet guru scammers. There is no shortcut to profitable trading.
Everyday someone out there is making a killing and someone is also offing himself leaping out a window.
 
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