You know what I don't get? I don't get why all the people who attend these rooms looking for easy-to-follow calls don't just use some logic.
Think about it guys, here's what we know:
1. A guru is claiming to give you a 100% profitable system that if you only followed it, will let you make money consistently.
2. He or she trades with a relatively small lot size, like 5-10 lots on the ES, and gives away the calls to anyone who wants them for $500 per month.
Do you people realize how liquid the S&P 500 is? If any of these so-called gurus were actually capable of successfully doing what they claim, they could very easily just gradually scale up their size until they were trading 200 or even 500 lots at a time. Nothing would stop them from doing this, they wouldn't run out of liquidity on the e-mini.
Now, if someone can extract (let's say) 3-4 points consistently on a daily basis from the S&P using a 500 lot trade size, do you realize how much money that is? That is 500 x 4 pts x $50 = $100,000. PER DAY.
If you had a real, tried-and-tested system that could reliably extract that much money out of the S&P on a daily basis, would you choose to
(a) Trade it yourself and guard the secret closely, accumulating $2 million per month or $24 million per year,
or
(b) Start a chat room where you let a whole bunch of other people start to take the exact same trades that you are taking, and charge them $500 per month each?
Let's say you have 100 students. That's $50,000 per month. Your system, if it actually worked, would allow you to make $100,000 PER DAY, and yet here you are giving it away for $50,000 per month or $600,000 per year, on top of all the hassle of emailing with these people back and forth, running the room, answering questions, and so on.
DOES THIS ACTUALLY MAKE ANY FRIGGIN' SENSE TO ANY OF YOU STUDENTS?
The numbers don't add up. Why would someone give away a system that could make them tens of millions per year for only 2% of that total, on top of the all the trouble involved in running a room?
The reason these guys are giving away their so-called "no-fail" systems is because they don't really work. It's really that simple. If they actually knew what they were doing, they would be making tens of millions themselves instead of wasting their time on some stupid internet chat room for chump change.
Use your brains, guys - if you expect someone to actually give you a set of calls day after day that you are just going to be able to follow blindly and make money, you will never find it. All you will find is a string of people who can't actually trade all that well themselves, trying to make some money off of you.
Anyone who could actually do what some of these guys claim would never bother to show you their system anyways, and sure as hell wouldn't let you front-run their calls. How many so-called gurus do you have to go through before you figure out this simple piece of logic?
