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For the past year I have been trading at c2 with a system that has nice results https://collective2.com/details/106247934
I recently received an offer from my instructor which has a profit guarantee. They teach me a trading method and guarantee that the system will make more than the cost or a five refund of tuition.
The assumption is trading futures, usually one contract at a time.
He uses a mock or real account where the system is traded.
The first person who took it, found that the guarantee was fulfilled because of the profits in one silver trade,
What i am thinking of doing is set up a c2 basic account and asking the instructor to use that account to demonstrate the trades.
How much could I charge monthly for such an account and could i name it Guaranteed Profits? I have every reason to believe that he will achieve his goal of profits.
Also in the unlikely event that it does not meet the profit goal, can we refund all fees paid by subscribers for the last year…through c2?
TT3, what he does is charge 5K and guarantees that in a mock or real account he will make that much or more trading a 35K futures account in the next 12 months…
This is not hard to do… I learned many of his techniques and my account is doing well. Take a look at my Andrews Babson System account
In the first trade, for the first student, which was a silver trade a few weeks ago the 5K was made…so for that student the guarantee is over.
If you have a system that really works a guarantee is easy. You simply guarantee that the system will show a profit greater than the monthly fee times 12. At $300 a month that is only $3600. This is very easy, given a years time in a small futures account.
No system can guarantee any returns over the risk free return.
Your teacher would not market courses to students if any of that could be guaranteed. He would be turning away millions from Hedge Funds begging he’d manage some money for them.
GilBarak, take the other point of view for a moment. To have a system that you can guarantee will make 10% a year, using leveraged futures…what kind of track record do you need?
I feel that i could have done it in the last year…many times over.
No track record whatsoever would suffice.
It’s one thing to assume that future returns will be similar to past return.
That may even be reasonable in some cases. I do it myself when I assume my future performance will be similar to my past performance.
But it is another thing altogether to GUARANTEE a return. Sorry but this is impossible, and by the way also illegal when promoting financial products and investments.
The last person who did it is called Bernard Maydoff. You know where is he is right now?
The problem is that many systems do not actually ever make money real or on C2. This guarantees a profitable demonstration of the system…in real time.
Ask any vendor on C2 if they will give you a money back guarantee on their fees charged by c2 if they do not show a profit in the next three months…see how many takers you get.
C2 can implement an option that developers are able to offer “refund if loss”.
That is, in any month the strategy has a loss, that month’s subscription fee will be refunded to subscribers.
This option is up to developers’ choice. If a subscriber has one week subscription in that loss month, then one week of his one month sub fee will be refunded to him.
The assumption here is that subscribers only risk losing the subscription fees , hence the refund proposition , thats a complete joke because subscribers are risking to lose real money by following the signals , are you and your so called instructor willing to refund your clients losses as well ? Forget about the subscription fee refund offer , which is already offered by c2 to subs by default . You didnt offer something new here .
Where in this world traders should refund capital loss to clients?
Any funds, or any people will do that?
Industry standard is traders are not responsible for clients’ loss.
BTW, where is the function that C2 offer to refund sub fee? I didn’t see it. Anyone see it?
