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Actually this brings up a really good point. With the proliferation of
trading systems being made available what is the best payment structure for a
vendor to offer that guarantees the buyer receives value for his or her money?
We have one CTA that works with a broker in our systems division offering a
unique deal. If I understand it right, the CTA won't send a bill for the
trading system until the trader has realized the profits to pay for the
system. That sounded pretty fair to me. I wonder how many gurus would be
willing to offer such a deal.
Now, I would not buy a system just because it offered a good payment plan,
but that is certainly one factor to consider.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it! John J.
Lothian is the President of the Electronic Trading Division of The Price
Futures Group, Inc., an Introducing Broker.
In a message dated 7/24/01 10:08:31 PM Central Daylight Time,
catapult@xxxxxxxxxxxxxxxxxx writes:
<< I've never heard of the man so I have no idea if he's for real or not.
BUT..... it sure would be easy to fake your trades doing it that way. I
could do it in a New York minute if I were the unscrupulous sort. How
are his students going to know if those are real trades or some he
cooked up with 20/20 hindsight? Seems to me, for the kind of money he's
charging, he could and should send out his trades realtime via email or
IRC. Even if he's only paper trading, you could see how he does realtime
and follow along as the action unfolds. If he wants to summarize the day
later, and explain more about why he did things, that's fine too. If
he's not willing to do that, I think caveat emptor applies. >>
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