Thanks for the post. I have considered doing it previously however it is hard to determine if it is worth it. Do you know of any source that illustrates how much money a vendor can make? C2 keeps it pretty opaque with respect to how many total paying subscribers there are and how many subs per system.
There is a thread on the C2 Forums that kind of deals with this: https://forums.collective2.com/t/qu...evelopers-strategies-just-a-question/10014/24 Quotes from the thread: "A number of years ago, there was a forex trader who claimed to have over 200 subscribers," "I had a friend on here who had over 50 subs (63 at its peak, I believe) at one time (on a system charging $200 per month)." There are certain ways to try to guess. For example if a system doesn't have free trials, you could see the recent subscribers (up to the last 2 weeks, I think), so that is just simple math and if you keep going back and checking (running a tab), you will have a rough idea how many paying subscribers it has. For example the system Simplicity had 15 new subscribers in the last 2 weeks paying $100 each, so after taking C2's 30%, it made 1K in 2 weeks just out of new subscribers...Of course we don't know how many will stick around, but that 1K is money in the bank... Another way is to see the number of real money trades the system executed. Again, a simple math gives you an idea although some subscribers might trade the system manually and that wouldn't show up this way. Occasionally C2 throws out some data for PR purposes and if I recall one system made 6 figures just out of fees. That is called making a living trading a sim...
Thank you Pakelo...I will ask C2 as well, but what is the legal liability if a subscriber blows up? also, how long were yo on it and what was your max number of subscribers? oh, and if I am day trading and trades go anywhere from 9 minutes to 90 minutes,,, is that gonna work for subscribers?
1. Technically and legally nothing, but practically anybody can be sued for anything. It is actually an interesting question, let's say a vendor breaks his own posted rules and wipes out an account. I haven't heard any case involving this, but C2 has a bunch of disclaimers, so although not impossible, but very unlikely such a case could be won against a vendor. Also, C2 is global so prosecution of a Russian or Chinese vendor could be problematic. 2. I think I was a vendor 3 different times in the last 10 years (I was one of the first users), and maybe 15 was the max. subscribers but it was fluctuating wildly. Last time I had phantom subscribers, using the free trial but always unsubscribing when the trial ran out. Then subscribing again under a different name. Never figured out if they made money or not, because if they did, wouldn't they just pay a reasonable fee? And if they didn't, why are they subscribing again? That is why some vendors are against free trials... 3. You could post a question on C2, "What do subscribers want?" There is really a wide variety of needs so it is hard to generalize. If I have to, they want less and longer trades, small DDs, no averaging down, less trading instruments, easy to scale up or down, decent but continuous returns are probably more important than flash in the pan gazillion%, no big fluctuation in used contract/stock numbers. etc.... Basically, they want predictability...