Dustin, You are blessed, if $10K is a rounding error for you, and your peeps. I still get excited when I make $500 bucks scalping FX, while watching a movie at night. I really do... And yes, I have had $100K days (shit, just in a morning, no biggie). At this stage, it's about winning, and having balance. And enjoying life. @KCalhoun Made over $100K in TVIX many years ago, while scuba diving with sharks in the Bahamas, with Jim Abernethy. TVIX was great... My suggestion: trade 50 Share Lots across the board. Standardize your Size. Always the same, then show the results...
And the other way around is just as valid. A good trader may not be a good educator. What you're selling Ken is yourself. Your pitch, communication style, personality.. are all more valuable than content. As a former statistician, you're probably structured and organized, believe in logical arguments with the important understanding of the grey areas of probability. Your skill set must be molded through marketing and branding.. Who is your customer? What do they really want from you? Who else could be your customer? How would you attract them? Like you say, there are hundreds of YouTube traders selling their skills; look for those with most followings and those with less... what makes them different and alike? At the end of the day you are all selling the same thing and no one has the key to 100% success. Figure out who your target market is, what motivates you most and how to combine those. I may just be pissing in the wind as you know all that, but sometimes it's good to hear it again.
Well, doesn't that completely contradict the idea of your original post that started this thread? Maybe the reason nobody else makes profitability or performance claims is because they are also following compliance regs?
KCalhoun, It is called Pimping The System. You ever heard of "The game is to be Sold, Not Told" This Trading Industry is full of pimps that sell dreams to naïve and uneducated traders. Selling Price Action Trading Courses is seriously EASY money and a good business because price action is subjective and just tell the buyer to keep on working hard when account balance goes to -$X,XXX. And if buyer complains about a trade setup, the seller says, well, you didn't see that head and shoulders pattern forming to the left when you bought support. LMFAO. "well its choppy, do not trade in the chop" It is really good money in selling trading courses.
As far as I know, post a verified track records is not prohibited. It's forbidden make claims on that verified track records. Which sound a completely reasonable requirement introduced by legislators. BTW, There are out there, free services such as FundSeeder that track for free, performance at the account level. So an educator that believe a track records is important, a legitimate "minimum requirement" for his potential costumers, may be able to show a track records possibly over the years, in just one page with an equity line and some metric performance. (without the need to post useless long streak of trades that nobody check) Here the catch: Newbies that are willing to pay, most of the time for such services, They do not really want to learn a reasonable method. They just want to make tons of money, in the shortest time frame possible, effortlessly. Therefore, If You post an honest track records with reasonable expectations, I doubt would be met with success as the expectations would be dramatically different. Perhaps, an introduction video of You, in an expensive Villa in some exotic place on the planet, with a couple of young beautiful women beside, and a daiquiri on your hand taking the sun beside a swimming pool would be what most of the new generation expect to get. ("Possibly in a less than a year, because We are not born and raised to struggle in front of a screen")
Do you guys think there's more money in selling trading courses or selling (mediocre) automated strategies/bots?