Teaching trading / investing?
- Thread starter PTLondon
- Start date
Iâm not sure itâs fair to say that all systems are locked down or bad. There are public knowledge systems and trading strategies/ideas that can be tested against historical data. I think the key is to look and see if it makes sense. If the deal is âbuy my system for $29.95 and youâll make $1 million in profitâ, then itâs not good. If itâs something like I get 10% of all profits you make off of my system that could be legit.
Actually, I make it really honest on my website: if you're good, you may earn 40% after years of learning. There is no magic way of going from 1000 to 1m in a year.
Re: profit sharing. Then I could produce totally random system and if it happened to make profit I would take share of it. Also, I would have to have control over their accounts. And then, chasing the money would be difficult.
What I offered at the beginning is: I show you how I trade this system for a month. If it doesn't make profit (real money) - you get the course for free. Still, there is a room for manipulation, but everyone on the course get read access to the same account (and later it's confirmed on private forum that every class gets the same account).
Thanks for your input.
That is true about the profit sharing not necessarily meaning a system is good. But in general systems that are good tend to give off clues that they are good. I would recommend showing strong backtesting results. Put your system in one of those programs and show through historical data that it works. You donât need to share data that gives clues as to how the system works, just data that makes people comfortable taking the leap of faith. Claims like âI know it wonât stop workingâ donât ease people â many systems can breakdown during odd market conditions. The key is to get the system so that it doesnât lose all the profits during those times (it doesnât just make a bunch of bad trades). Just my 2 centsâ¦