400 trades at a profit of $1500 each trade would equal $600,000 dollars. So the price for the holy grail at that point will need to be at least 2x that amount. Sounds nice but I might just decide not to sell at that point.
Just trade it bro, no one in this business is going to trust you enough to want in until after you already have piles and piles of money! Start thinking like SML and grab that green. Do you realize how fortunate you are?
How long have you been live? What are your results, including some risk type metrics? If you have some history, you could put together some key statistics on it, put together a good letter and write to hedge funds, money managers, etc. If you aren't live and have at least a couple years experience, it may be hard to be taken seriously. I would demand a price, I would let them know you want to sell and see what happens.
I don't know about that. Did you know I had my leg amputated earlier this year because of the flesh eating bacteria? And I suppose you are right I just need to trade it. But just had to try and see what offers I get.
I am 1 month live. A couple years of experience is a lot to ask imo. Topstep has really hard risk rules of $2000 max or you fail. I was able to make good profits without hitting that $2000 rule. That should tell you something.
It does tell us something. It tells us to be impressed, and that there’s a real chance you may repeat it steadily and get rich, because it may just be The Real Thing. But we also know that about 20% of Topstep Combines are passed, and that most of the people passing them still don’t get quite as far as any payout from Topstep, let alone a regular income; so you surely can’t expect anyone to pay, to buy anything, on that basis alone? Companies like Crédit Suisse First Boston are employing analysts on 6-figure salaries to assess trading systems offered for sale to them, and they do occasionally buy (typically with a substantial down-payment and thereafter on a monthly profit-sharing basis, subject to contract). If you read "The Predictors" by Thomas A. Bass, you’ll learn a lot about the underlying principles of how profitable systems are sold to investors (even though the specific details of the system discussed in that book may now be out of date), about the kind of credibility their vendors have to establish before being taken seriously, and about how very, very far you currently are from such a position. I’m not saying it to criticize, at all, but to offer practical help toward keeping your expectations realistic. And I wish you well.
No problem at all. Thanks for the information because I have no knowledge of how the financial industry works and I don't assume to know so that's why I ask around. If this is an indication of how the system is doing then it looks like it's getting better. My only issue left is I already admitted I am a bad trader with poor discipline and sometimes don't obey system rules. But if I can overcome that issue I have no doubt the system will explode and I may not need to sell it anymore. That's is unless someone makes an offer before I close that door.
No offence but the first clue about a scam is the urgency, the need to buy right away before the offer is gone. Seriously, with TopStep, which sounds legit, you can trade with their money, and even link 5 accounts like @Laissez Faire is doing, and easily get huge payouts, with no cost to you. There is no reason to sell this system if its able to make $5k per day. That would be like $25k per day for the 5 linked accounts.
No urgency, I just don't really expect anyone to make any offer. Being elitetrader is a small community. So I figure might as well try. But right now I'm leaning into keeping it to myself and trade the system. 25K a day sounds like a dream but maybe we'll see.