|
PureBytes Links
Trading Reference Links
|
nwinski wrote:
>
> myron zolkewsky wrote:
> >
> > Then Norm, if these crooks KNOW that people will fail, then why the hell
> > don't they return their checks before cashing them!!!! They are as damn
> > greedy as anyone.... if their systems makes them thousands of thousands of
> > dollars, hell, they can afford to give their crap away and rely on the
> > "trader" sending money in on the honor system! Don't give us that bull.
>
> NW: So Myron, are you willing to give everyone on RT your trading
> system and let them pay you on the honor system? Maybe we can take it
> one step further, you post your trading system including the real time
> real money
> track record and let all try it and send at the end of one year whatever
> they think it is worth. Ok? I think you have a great idea for an
> experiment and I can't wait to see how it comes out.
>
> Experimentally,
>
> Norman
>
> > -----Original Message-----
> > From: nwinski <nwinski@xxxxxxxxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Date: Tuesday, December 02, 1997 2:47 PM
> > Subject: Re: GEN - Fighting Fraud
> >
> > >Brent Aston wrote:
> > >>
> > >> December 2, 1997
> > >>
> > >> Real Traders,
> > >>
> > >> I have a suggestion for all of us sapsuckers that have to try and
> > sort out
> > >> good Trading Systems, Programs, Information, and various offers. Here it
> > >> is, when you get one of the above products that you are interested in you
> > >> reply by offering about 10% of the asking price along with a guarantee to
> > >> set up an account with X amount of dollars and to trade to the best of
> > your
> > >> ability that product for 3 to 6 months. As soon as net profits exceed the
> > >> full cost of the product you simply pay for it. If the creators of these
> > >> products have real faith in their creations they should have no problem
> > >> with this plan. If you have losses its no pay! (If they really have guts
> > >> they should reimburse you.) If many traders did this I think it would go
> > a
> > >> long way toward fighting fraud in this industry.
> > >>
> > >>
> > >> Cheers,
> > >>
There are people out there who will provide details about their systems
to you, watch the markets all day for you, trade your money for you and
do your accounting for you, all for a relatively small portion of the
profits.
They are called CTA's.
If you want the excitement of trading, fine, but if people are serious
about making money with futures, the forget looking for the holy grail
yourselves, find a GOOD, REPUTABLE,REGISTERED CTA, and invest with him.
Granted, good CTA's are not a dime a dozen, but it is much easier to
find a good CTA than to find a good trading system that is for sale to
the public.
(No Niederhoffer flames please, we all know that in the world of CTA's
who have been around for awhile and performed, he is an extreme
aberration and no one says this is low risk)
Eric
|