|
PureBytes Links
Trading Reference Links
|
Put another way, a successful hedge fund might average 15% pa. Let's make
that a proxy for a good trader's average return. So to make $150,000 you
need $1mm in capital, and because you're spending that much your capital
isn't growing. If you want to be making serious money you're either going to
have to manage money for others, or you're going to have to become at least
a mini-guru and get some steady fee income.
Andrew
-----Original Message-----
From: pumrysh [mailto:no_reply@xxxxxxxxxxxxxxx]
Sent: Wednesday, December 15, 2004 4:46 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Re: Trading vs. selling trading
tools/seminars
Andy,
Trading doesn't pay as well as many would have us to believe. That's
not to say you can't make a living and pull in $100K+ per year.
Question is can you do it continually? These guys may have a short
term plan to make a maximum amount in a short period of time and then
get out. How many of us really sit down and develop a plan to make a
million or two in five years or less and then retire?
I'm always struck by the claims that system sellers make. Their
systems made 65-85% in less than 30 days. That's great but how often
did those 30 day periods come about? Extend that period over a year
and the return doesn't seem quite as good. Taking this a step further
how much investment capital must I have in order to put that $100k in
my pocket every year?
As far as the secret sauce, I may get all the ingredients but I doubt
I'll get the right amounts, mixing methods, or cooking times.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "metastkuser"
<andysmith_999@xxxx> wrote:
>
>
> Preston,
>
> Yes, I see your point -- the risk/reward in selling tools and
> knowledge can be much better than the r/r of trading.
>
> Still, the fact that traders need to supplement their income by
> divulging their "secret sauce" (something rarely done in technology
> and biotech) makes me think these traders cannot make a sufficient
> income from trading alone? Still confused...
>
> Andy
>
> --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx>
wrote:
> >
> > Andy,
> >
> > It may be just a matter of perspective. Calculating the rewards
for
> > an instructional seminar you need to realize that there is a
great
> > deal of reward with little risk. On the other side if the seminar
> is
> > free and I charge you for the tools, I can reap larger rewards
with
> a
> > little higher risk. Compare this then to the risks/reward of
> trading.
> >
> > You mentioned also a weekend event. The markets are not really
> active
> > over the weekend. This could be a great way to supplement income
at
> a
> > time when you might not otherwise be capable of doing so.
> >
> > I once calculated the rewards for a seminar that was conducted in
> > numerous cities over a two week period. The per registrant income
> was
> > only $120 but when you calculated this over the two weeks and
> figured
> > the number of per day participants minus expenses the income
> exceeded
> > $50k. Not bad when you figure this could have been done during a
> > vacation from work.
> >
> >
> > Preston
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "metastkuser"
> > <andysmith_999@xxxx> wrote:
> > >
> > >
> > > I have grappled with this for a while -- have asked friends,
> > traders,
> > > my wife -- no satisfactory answer yet -- so I'll try this
forum.
> > >
> > > I've attended seminars in the past where the instructor
impresses
> > the
> > > audience with how great life is for him (never encountered a
> female
> > > instructor yet), how much money he makes (one guy went on and
on
> > > about how much he spends on sushi) and so on. Yet he is
spending
> > his
> > > weekend in a stuffy hotel hall teaching trading basics instead
of
> > > spending time with his family or flying his lear jet or eating
> > sushi.
> > > Why?
> > >
> > > I've also come across traders who claim they are very
successful
> > BUT
> > > want to sell their knowledge/tools to others. Same question:
why?
> > >
> > > The only answers I've been offered is "I want to help others be
> > > successful like I am." I don't buy that -- charity is free, not
> > > $1,999.95.
> > >
> > > Please enlighten me.
Yahoo! Groups Links
------------------------ Yahoo! Groups Sponsor --------------------~-->
Make a clean sweep of pop-up ads. Yahoo! Companion Toolbar.
Now with Pop-Up Blocker. Get it for free!
http://us.click.yahoo.com/L5YrjA/eSIIAA/yQLSAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|