Depending on how the regulations and IB agreement are worded you may be able to rephrase your offer to allow compliance. .
Dale would have to contact their compliance department for such wording (if any). But I highly doubt it.
Yeh, OK, let’s cut the ‘BS’ shall we.
I have contacted Delta and detailed my idea and am awaiting their response before I proceed.
Obviously if they have a problem then the idea will have to get dropped.
Having said that though: if it’s not possible then I think it would be a crying shame. I mean I would not be asking for payment from anyone (yes I obviously would make the commission but that’s it). I have read posts ON THIS VERY FORUM where people are charging ‘an arm and a leg’ for signals and they’re getting paid for it and I think in one instance the subscribers had not had a signal for three months and the reason was ‘that there were no valid signals’. I found that VERY hard to ‘swallow’ when I read about it.
I am also constantly being asked about ‘this system and that system’ etc. etc. etc. and I just want to ‘scream out loud’ that there IS a system that works consistently but it requires just a little investment (in the book) and a whole lot of hard work. What I’m offering really is a way for a new trader to start trading the system while learning it and, on top of that, make a little bit of money for themselves and, I of course, like I said before, would be making commission on the trades, which I really don’t think is unfair at all especially since I have sat up day and night for at least two months ‘coding’ the systems into the Delta platform and trading with them so why SHOULDN’T I make a little something out of it no matter HOW well my trading is going now??? Then of course there is my EXTREMELY accelerated learning curve from last year so why not spare a new trader the ‘pain an anguish’ of losing their money??? Yes, it taught me a lot, and I probably would not be here to ‘tell the tale’ had I NOT incurred these losses when I did BUT I’m just very fortuanate to have had the financial resources and credit at the time to ‘keep me in the game’ and not many new traders have that ‘privilege’ or time. They would learn Wilder’s systems ‘inside and out’ and after three months would certainly no longer need me or anyone else to be able to trade and make a decent living (capital permitting of course i.e. they’re not going to make a decent living if they only have $700 or whatever but at least they are able to trade and what they do thereafter is entirely up to them).
The reason that the ‘guarantee’ issue was discussed with my ‘financial backer’ was two fold: obviously if I’m wrong I’d hate to be a contributing factor to a new trader losing money and faith in this business, and, of course, yes, it’s ‘catchy’ i.e. ‘learn to trade, no risk’. And yes, of course, in order to cover myself and my ‘financial backer’ I’m ONLY going to give singals on those trades that I’m 5000% sure are going to turn a profit but, again, what’s the harm in that??? At the end of the day the new trader is STILL going to end the three month period UP on his account. ‘Win-win’ the way I see it!!!
Also, the new traders are being ‘put on’ to a broker that I have not had even one bit of ‘sh*t’ from in the past year and can vouch for them (unlike the other ‘love of my life’ in Belize who STILL slips my orders except that I don’t mind anymore i.e. if they need to $10 so badly them let them take it)!!!
Oh, and I did check my IB statement for you, and the $21.95 is made up of 25 trades between my two ‘clients’ and, while it may not sound like a lot, they’re trading ‘mini lots’, and I’m getting a percentage of the spread, and, like I said, multiply that by a couple of 100 trades, and it’s no longer ‘chicken feed’. Remember that every $700 I make let’s me buy one more Dow contract and, at the moment, the Dow, Wilder, and me, are the very best of friends!!!
Now I ask you ‘uptick’: how else am I going to gain entry into the ‘porsche and ferrari’ club???
Dale. I agree with you. There is NOTHING wrong in doing what you stated above. What is wrong, in my opinion (and your firm will let you know), is stating “guaranteed” in your advertisements. Other than that, you can certainly do that and make some commission.
Yes… some people charge thousands and thousands for their signal. Crazy.
Let me know how it goes with Delta. best of luck!
Thank you, I appreciate your input.
I actually wanted to ask you something (off the topic here) as I’m sure you’d have the answer:
I’m almost sure that with your ‘porsche or ferrari’ you can ‘choose’ which ‘contract’ you want to trade e.g. you can ‘choose’ whether you want to trade the Mar 08 Soybeans contract or the May 08 Soybeans contract or whatever. Am I right? The reason I’m asking is that I can only trade ‘Soybeans’ at GCI i.e. there is no ‘choice’ and today I noticed that Bloomberg was quoting the price of the May 08 contract but at GCI I am (obviously) only able to trade the Mar 08 contract because the price that I am getting is the same price as quoted for the Mar 08 contract at the CBOT.
What I want to know is this: when do people STOP trading the Mar 08 contract and only have the May 08 contract available to trade because I have a feeling that it’s only when THIS happens that I’ll be trading the May 08 contract at GCI (and I have tried to get an answer out of them on this but, as much as I ‘love’ them, their support is, as always ‘a bit slow’, to say the least).
Now do you see why I NEED access to that club of yours??? The Mar 08 Soybean contract is almost $15 below the May 08 contract at the moment and on five lots at 200:1 leverage that’s an absolute FORTUNES worth of difference!!!
Not sure about soybeans… don’t they have a trade desk you can call?
Anyways, I follow the eminis (es, er2)…and they are still trading the Mar contracts. What I do is follow the continuous contract (symbol @ES) and also have the Mar contract on a chart (ESH08). I know when the contacts change when the continuous contract is giving me a different quote than the Mar. So then I just go in switch it to the next contract…
But like I said, i’m not sure if soybeans are on a different schedule than the ES. Is there a way that you can get a continuous contract quote for the Soybeans?
That’s very ambitious of you Dale and I commend you for your vision! If you think you know what you’re doing, then go for it. Get the right sales pitch and take it to ClickBank 
Then I & others could help promote it and get a referral fee :)…no really, I do sell stuff from clickbank through my website and make a few hundred here & there…however, you’d be up against a bit of competition though.
At GCI? Are you kidding with me?
No, but it’s no big deal I don’t think. I was just getting worried that I was being ‘nailed’ but I think it’s Bloomberg who simply changed their new ticker (new as of this morning i.e. different layout) to display the May 08 contract instead of the Mar 08 contract as they were doing yesterday. Of course when I saw the price on Bloomberg I was expecting my positions to gap up ‘to the moon’ but the price actually dropped at the open and it was then that I checked the CBOT quotes only to find out that GCI is only offering the ‘current contract’ which was my question i.e. I assume that the ‘current contract’ is still the Mar 08 contract and this will get ‘rolled over’ during March to the May 08 contract??? Am I right here??? And no: I’m not calling them, they’re in Belize remember!!! No point in wasting the money only to be told what I think I already know. Put it this way: as long as I can find my quoted price SOMEWHERE on the CBOT website then I’m still happy i.e. it’s when I can’t match my price to ANYTHING else that I start getting a little ‘jittery’ to say the least!!!
Hey thanks Sweet Pip for the encouragement.
I appreciate it.
As uptick says: it has to be done the right way and legally and not break any laws nor ‘tarnish’ the reputation of my broker but I reallly would like to get something like that going.
It’s a great way for me to supplement my trading account and, at the same time, I’d be keeping the new traders away from the ‘sharks’ and, in so doing, giving something back for my new found fortune (that being said ‘figuratively’ of course).
Anyway, let’s see what happens tomorrow.
Yep. Let me know what happens. Good luck!
I am reading this threat with interest. It seems that Dale has a fairly good strategy. His idea really looks like a win-win to all parties involved.
However, are we talking about futures or forex here? And, are we talking about Delta which is based in Bulgaria?
As a newbie, I am definitely interested. I am going to monitor this thread closely. 