Well selling memberships for trade ideas/alerts, if one is an expert and has the edge or a refined approach for consistent profitability makes perfect sense to me. That person or company would develop a second income stream, with pure monthly cash flow that would continue to grow if you provide a good service. Also a great way to raise more capital for investing/trading which would ideally boost trading income growing wealth more rapidly. If I were highly successful in trading, I wouldn't think twice about adding a complementary monthly membership service in order to more rapidly grow my wealth. And after some time, I'd invest in commercial real estate, hire traders to trade my money using my capital, under NDA's and all kinds of contracts, and also completely outsource the management of the membership service. And money would flow into my accounts in perpetuity for the rest of my days while I'm out playing golf every day or traveling the world with my family. I appreciate the comments. They make sense. But there is a compelling argument and a good reason for successful, consistently profitable traders to add a membership service. And that's what I'm looking for. Thanks for sharing.
It can also cause a conflict of interest. Let say the alert service is trading for their own account small and mid-cap stocks and they have a group of 300 members watching their alerts. Then as a stock starts it's set up, they buy 20,000 shares, then send their alert. Their 300 members all try and buy 1000 shares around the same time. Then the one offering the service uses that demand to sell out. I'd be careful who you do business with like that. They are unregulated and no one if monitoring this.
QUOTE="Robert Morse, post: 4457018, member: 495374"]It can also cause a conflict of interest. Let say the alert service is trading for their own account small and mid-cap stocks and they have a group of 300 members watching their alerts. Then as a stock starts it's set up, they buy 20,000 shares, then send their alert. Their 300 members all try and buy 1000 shares around the same time. Then the one offering the service uses that demand to sell out. I'd be careful who you do business with like that. They are unregulated and no one if monitoring this.[/QUOTE] -------------------------------------------------------------------------------------- When you go to a dance you leave with the partner you came with....... and not slide out the side door cheers john
You have just described Tim Sykes's service. It is not a conflict of interest, it is the modus operandi... ---------------------- C2 has a few good option systems like R Options, Tempus Fugit, etc.
If you would like to learn trade options, then Steady Options can help you to become a better trader. I am a member of Steady Options and with my experience I can tell you that they are one of the best options trading advisory service provider. I've been with Steady Options since the beginning and because of Kim my mentor I'm getting success in my trading. It really was a life changing decision.
We do mostly non-directional trading (straddles, calendars, iron condors, butterflies etc.) We discuss all trades and also trade them in our personal accounts. All trades are posted with screenshots of our broker fills.