Trading systems that cost $50,000

[graemenash]

Originally Posted by Baruch

Paying 2300 GBP for a system which no one knows works - how stupid can you be?

Actually all the traders in the ProForex group who have been testing the system know it works. Note that one of the first purchasers of the system picked up +152 in his first week using it too.

Jealousy? Bitterness? Surely not...

[zupcon]

Baruch,

Reading your posts over a number of months its clear that you've got serious issues with Soultrader, however may I suggest an obvious solution ?.

Why not simply publish clear and unambiguous details of the system or systems that you currently trade thus eliminating the requirement for others to purchase from system sellers ? It really is that simple isn't it.

I can only think of 2 reasons why you wouldn't do this

1)You do not have a profitable system to share. OR ...
2)You are not prepared to share details of your system with others.

Both of the above options raise interesting questions that perhaps you would care to answer. I have no idea about your performance as a trader but you do seam to be extremely sceptical that there are traders who can and do make consistent profits. I don't wish to jump to conclusions without knowing the facts but on this basis it might well appear to many that you are perhaps experiencing some difficulties with your trading. It sounds as if you don't believe its possible to trade profitably, and if this is the case, you need to do some very serious thinking.

I can understand this viewpoint, from a personal perspective after 4 or 5 months of non profitable demo trading I started to completely disbelieve the claims made by traders in chat rooms and forums. I'd read all the books, I was better funded than most of them, better educated, but I couldn't trade, and it took a further 5 or 6 months or so before I was able to break through that barrier. I read some books, bought some systems (which didn't work, and furthermore I knew when I bought them they wouldn't) and I continued working on my system. It took about 11 months in total and a huge amount of work. I studied for 4 years towards a PhD and I can honestly say I put twice as much effort into developing my trading system. I'm still working 14 hours a day fine tuning and probably will be for the next 2 years at least. However what I do know is that if I can achieve this so can others, Soul's got 3 times my trading experience and probably 10 times the amount of screen time, if I can design a profitable system than I'm sure that others with infinitely more experience than I can.

If you don't have a profitable trading system, you need to ask why is this the case ?, perhaps your simply not prepared to invest time, effort or money ?, maybe you do have a system but your psychology or discipline is at fault.

If you do have a profitable system why aren't you prepared to share this with others ?, greed ? Fear ?, perhaps you hope to sell the system someday ?, perhaps your bound by confidentiality or copyright agreements ?

I really would be genuinely interested in your response. For the record Baruch I will be purchasing Soul's system, and ironically its probably due to you that I am because I didn't know it had been released until you pointed it out !. And before you ask why would I buy a system if I already have one that works, well 4 reasons 1) Im a greedy B*S*A*D, 2) Im a day trader and I like to trade, and hopefully this will be another useful tool in the box, 3) I'll buy it simply because I have a research budget that goes on anything that looks useful 4) Over the last year or so Soul's always given me sound advice and unlike you I trust him (although I might not buy a used car from him )

Regards

mick

[MickMason]

lol, oh please, don't you people ever learn!

If anyone is contemplating spending nearly $4,000 on a Metatrader template (that's all this software is!) that's been introduced less than a month ago, has no track record other than the vendors spreadsheet claiming profitable results for a couple of weeks in 2003, no proof that it works, no preview, no customer feedback, no guarantee or refund, then you really do deserve to be scammed!

Check out the vendor, the guy's into all sorts of stuff, from how to build a computer to invoicing software for discos, bugging devices, online auctions, reselling broadband, selling software....and now FX trading 'software'!! Does that automatically make him a villain? No, not at all, but it should at least ring a bell that says exercise a bit of common sense, ask for proof that this 'system' actually works and verify it, any genuine system seller will not object and will be only too happy to demonstrate his trading prowess.

It's incredible just how many gullible people there are out there asking to be relieved of their money.




Mick

[zupcon]

Hi Baruch

Thanks for your reply. Knowing that you trade purely fundamentals helps me understand your position a little better.

I'm not really sure what you mean by “The Holy Grail”, for me the holy grail is nothing more than a profitable system. There are no end of profitable systems available (and many are free of charge), the problem is basically finding a system that suits your temperament.

As I hope I've made clear on a number of occasion's I was briefly a member of Soul's trading group, and as such I do have some prior knowledge of the systems development, and I have incorporated parts of the original system into my own trading style.

I'll be surprised if I end up using the new system absolutely as intended, but I'll give it a try, I may be pleasantly surprised. I happen to believe that for me personally there'll be at least $4000 worth of value in the latest version of the system so its no big deal, and that's why I'm not particularly bothered about demo's, guarantee's etc. others can decide and take responsibility for themselves.

I really do not want anyone to think that I'm trying to defend Soul or endorse his system, he's more than capable of doing that for himself.

Everyone's entitled to their opinion and this will be my final word on the subject, until such time Ive given the new system a look over. Until then I'm off sailing cos its far to sunny and warm here in the Mediterranean to be sat indoors

regards
mick

[blacpudin]

Originally Posted by zupcon

Hi Baruch

Thanks for your reply. Knowing that you trade purely fundamentals helps me understand your position a little better.

I'm not really sure what you mean by “The Holy Grail”, for me the holy grail is nothing more than a profitable system. There are no end of profitable systems available (and many are free of charge), the problem is basically finding a system that suits your temperament.

As I hope I've made clear on a number of occasion's I was briefly a member of Soul's trading group, and as such I do have some prior knowledge of the systems development, and I have incorporated parts of the original system into my own trading style.

I'll be surprised if I end up using the new system absolutely as intended, but I'll give it a try, I may be pleasantly surprised. I happen to believe that for me personally there'll be at least $4000 worth of value in the latest version of the system so its no big deal, and that's why I'm not particularly bothered about demo's, guarantee's etc. others can decide and take responsibility for themselves.

I really do not want anyone to think that I'm trying to defend Soul or endorse his system, he's more than capable of doing that for himself.

Everyone's entitled to their opinion and this will be my final word on the subject, until such time Ive given the new system a look over. Until then I'm off sailing cos its far to sunny and warm here in the Mediterranean to be sat indoors

regards
mick

zupcon,

Have you heard the phrase " A fool is soon parted from his money "

Highly educated you may very well be, but I think one should maybe consider your apparent lack of common sense.

A sensible person would only buy a system that had been verified & tested by an independant authority.

BPD.

[zupcon]

Hi Blackpudin

Indeed I have heard the phrase, and I can assure you that over the years I've parted many a fool from their money and will hopefully continue to do so for many more years to come

I am deeply touched regarding your concern for my financial well being, however your concern isn't really necessary or appreciated. If you'd actually read my posts you might see that I've already made in excess of the cost of this system from the original Hilda Baker System, hence my interest in seeing the new and improved version. Do you people have any sort of concept of business. Don't even reply, its fairly obvious from the drivel written by yourself, Baruch, Mick Mason et al that your all totally clueless.

I would not consider advising you how to spend your money, or give you advice without knowing a single thing about you, your trading methods or your financial circumstances, all I ask in return is you extend me a similar courtesy

regards

mick

[MickMason]

Originally Posted by zupcon

Do you people have any sort of concept of business. Don't even reply, its fairly obvious from the drivel written by yourself, Baruch, Mick Mason et al that your all totally clueless.

Yeah sure, we're all totally clueless and out of step, you're the business guru paying $4k for a trading system, lol

Anyway, here's my take on it....

If you had a profitable automated system then why sell it? The potential income from sales is not worth the risk that the system may become ineffective if widely distributed. Once sold to a few people there would be dozens of clones for sale at a fraction of the cost.


If you had a manual, perhaps discretionary, system then your dilemma would be a moral one. Anyone who has traded for a while knows that a trading system alone does not produce profit, there is a lot more to it. If you're prepared to sell a system knowing that the majority who buy it will still lose money then it wouldn't matter whether it's profitable or not, sell any old thing, the naive and gullible will always buy, often without any proof or guarantee.

Bottom line....some people don't care who they take advantage of as long as they've got money in the bank.



Mick

[foamgod]

Why would having more people using it ruin the system? If everyone (many people rather i.e. more funds) follows your buy/sell signal, then your system will become a self-fulfilling prophecy, thereby increasing the success rate.