Totally agree. People anyone trades against can still make money even that someone does, maybe just not as much as they would have otherwise. With options, it's a different story..
In a casino the house always wins. The stock market is like the Vegas strip and there are many houses you can go to, and they all win regardless of your result. You have a number of houses, some bigger than others. Exchanges, SEC/NFA, Clearning Firm, Broker, Data Provider, Internet Provider, assorted scanning programs, newsletters and chatrooms. This is probably not a complete list, but you are up against all (or most) of these, all of them will win regardless of what your outcome is. So with regard to myself, I can say Im very confident in myself as a trader and I'm pretty sure I'm going to win, as for my teaching business, I know I will. On a somewhat related sidenote, whatever fees you have try to get as many of them gauranteed as possible. For example, a broker that gaurantee's marketable orders or that if the system goes down they will cover you (very few, but some do this), of if you subscribe to a chatroom/newsletter one that will gaurantee you don't pay for poor performance (again not many, but there are a few..look around). Brandon
you know, I can see how people see that it's like a war, at first glance. But if you're good, it feels more like a sheep herder. If you can see the sheep going one way, and you know once they hit that rock (support) they'll come back to point X, then you can use the herd thinking to profit from. Also, too much of anything is bad. You can't be around trading 24 hours a day. Take a break. Spend some of that cash and have a drink cheers
I can't help but ask: I subscribe to your service. In response to this exact question -- i.e. do subscribers have to pay ($195) for losing months -- I received the response (at least this is how I understood it) that, yes, you still have to pay. There was no guarantee of success etc. (I refer to the broker-assist traded accounts.) Here you imply that the "better" advisory services offer some kind of guarantee. That "you don't (shouldn't?) pay for poor performance." Do you mean to say that you're not among the services that offer such a guarantee?? Where do you truly stand on this issue? Sincerely, Hofferino
Futures are as close to you will get to a "zero" sum game BUT you are absolutely right that it is a "minus" sum game... Nice to see you on the boards Allen... Hope all is well with you...
Brandon do you refund the subscription cost if you have a shitty month? I know Borsellino does this and IMO all rooms should do the same! PEACE and good trading, Publias
If I have a shitty month and its your first month of membership then I won't charge you fopr the chatroom. I see no reason you should pay for something that puts you in the hole. After the first month then you should have accumulated profits, and drawdowns are part of the game, but I do think that the first month when your risk is highest then there should be some sort of protection in for you. Brandon
Thanks for the response... I was just curious and would never asked if I saw the post above made by one of your subscribers... In my years trading I have only come across one service that will actually refund in full the entire subscription fee in the event of a losing month and that is Borsellino... I like that concept alot but you are right DD's are a part of the game... PEACE and good trading, Publias