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I would consider giving that deal.....but would the buyer of the system give
me access to his brokerage statement to confirm his winning or losing with
it ?
He/she easily could be doing well with it and submitting false results.
> -----Original Message-----
> From: I4Lothian@xxxxxxx [mailto:I4Lothian@xxxxxxx]
> Sent: Tuesday, July 24, 2001 11:18 PM
> To: omega-list@xxxxxxxxxx
> Subject: Re: Bruce Gagnard e-mini S&P Day Trading System
>
>
> 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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