Man do I see myself in this guy… :5:
Please understand, what I am about to say, I say with respect and in no means is it meant to offend anyone… least of which SharpDressedTrader.
First let me state, I too used to be young and felt I was smarter than I actually was… and this was a dangerous thing! You see, I was pretty good in the beginning of my Trading. I had Computer Programming under my belt, I actually do have several black belts in several Martial Arts and I did sell Trade Advice, Courses, Newsletters, 900 Numbers and I was Sponsored Commentator by America Online in the 1990’s for Trading Commodities and Equity Trading. I have experience with managed funds and I know how the industry operates and how it doesn’t operate. I currently manage funds for the largest conglomerate in Maryland. So I am speaking with Real World experience and understanding… so please consider this.
There is nothing “Wrong” with a young start trying to drum up an equity base to trade on by means of peddling wares. I did it, I made money and lot’s of it, I might add. I had thousands in my brood then and I collected hundreds of thousands from their subscriptions. It was and is a nightmare. I wanted to be seen as “The Hotshot” or the “Cool In The Know” Trader everyone looked up to and admired. I got to that level and you know what… I didn’t care too much for it once I got it. Ego young man, is poison. It turns folks off and even more to those you aspire to attract… for what ever purpose you have in mind.
I do not have anything against your claims of 15-20% returns per month, as I see this and have for years. I do not see anything with your claims of 120% return for a year either as I teach how to do this very thing on these forums with little to next to nothing in effort. However,… with all that said… please understand me when I tell you that there is no… repeat zero Hedge Funds recruiting young aspiring EA traders and allocating funds to such individuals with less than a 36 month track record. They want to see the maximum drawdown the historical results show for the current year and the average over the life of the historical data… and not on Demo results. Funds are interested in the equity curve and stability in nonprofit periods… not percent returns.
Selling micro-courses and plug-ins for $40 - screams “amateur” and in an industry such as ours… you won’t last long with such approaches and rhetoric. It is hard to win an audience over once you leave them thinking S.C.A.M. peddler is anything associated to you. In contrast to yourself, I realized I had an edge in the industry and while I made fortunes selling things… I woke up and simply dropped the nickel and dime stuff and simply Traded the things I sold signals on. I make hugely more than I ever did peddling signals and resources and now I simply give it away… for free. I can’t express how much more rewarding and satisfying that feeling is… having never asked or welcomed the exchange of one penny for anything I share in Trade Education. If you are making money a website is pennies to cover in costs… I had InnerCircleTrader.com, .info, .net, .tv and it was less than hundred dollars per month. So consider how “selling courses to pay for the website costs” sounds to everyone when it comes from the person claiming consistency and profitability? It deviates from your intended “image“… grossly.
Here is the question that begs answering… if it’s a profitable method, why sell it? If I read this correctly, you trade this EA yourself and this un-named Hedge Fund trades it as well? I would like to know just two things personally…
- How did this EA and or yourself connect with any Hedge Fund?
- Who clears for the Hedge Fund?
Here on these forums we see “Average Joe’s” come and go… and you are young and like MasterGunner said… quite obviously ambitious. Take what is being submitted as real world insight and not merely flaming on the part of those who have silver tongued penmanship and otherwise wit. There is real truth in these responses to you SharpTrader.
Hope you stick around and develop a more well rounded profile!
GLGT :57: