We have several promotions with a few mentoring programs. If you become a customer and, in your application, tell us you are with those programs and can show proof, you get that rate. You must be referred by them not add it after. I will not provide a list here.
I think what’s more important is that whoever is teaching needs to show proof that the process actually works. And that proof needs to be robust, which is a concept most people don’t get (as they say, the worse years of a backtest are the subsequent ones).
A successful trader usually won't have time to maintain dozens of websites administer 19.95 a month payment processing, run promotions etc. Once you find the niche in trading, it is more productive to scale up and focus on trading. A good educator who can consolidate available information and present coherently, usually may lack confidence / be averse to risk on when it comes to trading. Much worse he can't have time to trade big. In terms of education advanced math skills such as statistics and probability/ economy 101 will have more value and carry over to trading instead of wondering about dojies' and 'grave stones'. Someone with good analytical skills can learn charts and market depth without a trading coach. If you can make a living explaining dojies why risk all that money in trading? Just because someone doesnt post pnl it doesn't mean he is not trustworthy. The compelling need to make money motivates people signup for these paid chat rooms and some take advantage of it both in good and bad way. How many of these chat rooms teach yield curve? How many traders think it has zero value when it comes to this profession? How many traders think faithfully following trend is what all that is required? You will be surprised. Truth is many folks make consistent money without knowing why they are able to earn. One major loss is sufficient for them. I would really appreciate you that you claim up-front you don't trade in a big way. Most people don't do that cuz they think it will drive customers away. You can't predict outcome with 100% certainty. Just because past 5 predictions from someone was wrong, it doesn't mean they don't have any clue.
My $.02. I've considered the possibility of teaching "Price TA" to those who haven't been able to figure it out for themselves. So... how would I teach it to make it good for the buyer of my services and worthwhile for my effort? As I've already got "plenty of money", what would make me want to go to the effort of producing a training course that would be good and worth my time to produce such a course? Well.. if someone with deep pockets were willing to pay me "8-figures*" (like an institutional trading crew... to which that fee would be easily absorbed as a business cost) to teach them, I'd might do it. The other alternative is to have "hundreds/thousands" of trainees/customers who pay a small amount. Question then, how do I attract a customer for either scenario? In either case, I'd need to "prove myself"... that I'm actually worth the cost of my proposed services.. not just make claims and hope what I say is accepted. How do I do that? That's a question any trader/instition wants to answer before paying for such training. IOW... How do you know they guy who's trying to sell you something actually knows what he's talking about and is worth what he proposes to charge you to learn of his expertise? Don't be a chump. Verify the veracity of the service before you pay for anything. Over my career, I've paid what I think are a "high price" for certain advisory services which purport to "know things I don't". In EVERY case I've been disappointed. They promised much but delivered little. However... If I, Scatty, ever offer a paid subscription* to my knowledge, you should jump on it with both feet! * Who the Hell am I that I might command such a fee? Well, I could be the current "Father of Technical Analysis"... especially "Price TA"... to succeed the late, great Joe Granville. **Don't worry... I won't. (Unless someone with deep pockets "offers me a bundle". Not holding my breath for that.) FWIW....
The same goes for basketball coaches who teach great basketball players how to increase the success rate of their notoriously poor foul shot shooting.
Great Question. Why would anyone believe anything? - Search - https://duckduckgo.com/?q=Why+would+anyone+believe+anything?&t=ffsb&ia=web Here's one way. Go through the burdensome process of complying with the rules to compete and win Timer Digest's Trading Competition. Stevo was not too shabby in those quarters. In 2018, the first year he bothered with it, he did fine. This guy has a service that armchair traders can easily do worse than.
Mr KCalhoun, you claim to be transparent with your PnL and not like the rest who you say are BS. So a simple question for you: What was your final trading PnL for 2018, 2019, 2020? One number for each year. No need to provide proof. Just tell us the 3 numbers.
Yes... some hopefully confirmed performance like this. I know of this specifically having been the #1 Timing Service at MoniResearch Newsletter in the late '90's. That is... those who want to pay for advisory service guidance should demand "proof of competence" before shelling out $$$ for a service.
You have no idea. The newsletter awarded a star for each category of "#1 in performance in category over a period" Of all the stars awarded I got > 50% of ALL of the stars in "all categories" (225 advisory programs like mine)... including 1 yr, 3 yr, 5 yr, and even "lowest risk over 5-years".... My program was even described as "unbelievable.. impossible". In case it were ever valuable (has not been so far... ), I kept a hard copy of all the results. (My actual results were 41% average annual compounded returns* over 18 years trading mutual funds. The SEC eventually figured out that "mutual fund timing worked too well"... and put the kibosh on it.) That was then, this is now. However if any ETers want to believe, "I don't know what the HELL I'm talking about", they'd be wise to reconsider. * That's "tall cotton", if one cares to research it.