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Showing results for tags 'vendors'.
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Come on, I'll sell you my secret to trading success for only $4999.99! It's a deal, it's a steal, it's the sale of the f*%ki^! century! Everyone is eligible(even a 3yr old toddler). Buy my system and make a fortune! (please btw if anyone sees this and thinks I am actually selling a system, don't contact me. I'm not selling a system or anything- just to be 100% clear!!!!!) Another thread had me thinking again about a perpetual problem that we come across in our forums and on the internet in general. A trader noob wants success and either pays for a system or pays for an education. But what bothers me is not that people are selling services of any kind as I believe we have demonstrated elsewhere in our forums that actually there are some good vendors out there just as there are some good used car salesmen and real estate agents(please don't take offense if this is your profession- it is a stereotype which I'm merely pointing out). The thing that perplexes and even annoys me is that there are people who seem to think they can spend a couple of $k on a system or training then they will be set and be the next gazillionaire Paul Tudor Jones style trader. No offense, but wtf!? I don't get it. I really don't understand what an individual thinks they are likely to get without very much effort? If say I saw someone with a system who wanted to sell to a bank or hedgefund, I could see the advantage to the seller of that system of it being mindblowingly good(not to say it would be). Think about it. Many people before they try to trade might earn say $50, $100 or even much more per hour. At those rates, a system that sells for $5k is the equivalent of 100-200 hours. Just for illustration purposes, Gladwell in his book "Outliers" suggests it takes 10,000 hours to truly master a skill. Go figure. Even if the system is good and works and is robust enough to be productive in the future, there's this "plug and play" expectation I just can't get my head around. People buy a system or training and expect it to just work straight away!?! Well maybe the digital age has kind of messed with people's understanding that it takes hard, hard work to succeed in general. What interests me in the mindset of a person who thinks it's a good idea to pay someone in this way(don't worry I have categorically no desire to start a training or system service). So, if you have been this person in the past or now(not saying it's definitely right or wrong) then I'd be interested to hear your thoughts on why you handed over your cash. If anyone you know did this then that also qualifies. Or even if you just have an opinion. This isn't a thread for vendor bashing at all, let me make that 100% clear. But it is one to try to gain a better understanding of the psychology behind the buyer in this part of the trading industry.