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I'm just throwing this idea out for anyone thinking of doing a trading ebook or website.
Here is an idea you might want to consider. Make a system that picks 3 stocks every month that are supposed to go up, and calculate the performance based on the 2 best. Basically, you eliminate the worst of the 3 in hindsight. The strategy puts the onus on the USER to pick which of your 3 stocks will do worse, and only buy the best 2.
Say you create "Odd Man Out Forex Method", and you pick 3 currency pairs each month. Your subscribers get your 3 picks at the beginning of the month, choose which they will eliminate, and bet on the remaining 2. If they make money, it will be because you helped them find the best 3. If they lose money, it will usually be because they picked the wrong one to eliminate. This is about as close to a win-win as you can get. There is also the added benefit that most traders believe they CAN pick the worst out of 3. You have simply reduced the number that they have to consider (from about 54 to 3). Another benefit is that if they pick a loser, they will often believe that THEY will do better next time.
If you made a free website, and the 2 winners did well, you would probably get a lot of traffic. Maybe banner ads would make it worth doing. You could also let users vote on which the worst would be, and track the "viewer performance" against the "perfect (hindsight) performance".
I expect the system would work because almost any repeatable edge in trading will produce massive profits, and there's not much of a better edge than eliminating losers in hindsight.
Your method of picking the 3 could be anything, moving average crossovers, new highs, new lows, RSI, etc. It probably would not even matter.
Long ago, I made an automated system that had a bug in it, and it basically eliminated the worst of several stocks in hindsight, and I thought I was going to be fantastically rich within a year. Then I found my bug, and the system instantly turned to shit, lol. But I never forgot how well it did when it could eliminate the loser.
Here is an idea you might want to consider. Make a system that picks 3 stocks every month that are supposed to go up, and calculate the performance based on the 2 best. Basically, you eliminate the worst of the 3 in hindsight. The strategy puts the onus on the USER to pick which of your 3 stocks will do worse, and only buy the best 2.
Say you create "Odd Man Out Forex Method", and you pick 3 currency pairs each month. Your subscribers get your 3 picks at the beginning of the month, choose which they will eliminate, and bet on the remaining 2. If they make money, it will be because you helped them find the best 3. If they lose money, it will usually be because they picked the wrong one to eliminate. This is about as close to a win-win as you can get. There is also the added benefit that most traders believe they CAN pick the worst out of 3. You have simply reduced the number that they have to consider (from about 54 to 3). Another benefit is that if they pick a loser, they will often believe that THEY will do better next time.
If you made a free website, and the 2 winners did well, you would probably get a lot of traffic. Maybe banner ads would make it worth doing. You could also let users vote on which the worst would be, and track the "viewer performance" against the "perfect (hindsight) performance".
I expect the system would work because almost any repeatable edge in trading will produce massive profits, and there's not much of a better edge than eliminating losers in hindsight.
Your method of picking the 3 could be anything, moving average crossovers, new highs, new lows, RSI, etc. It probably would not even matter.
Long ago, I made an automated system that had a bug in it, and it basically eliminated the worst of several stocks in hindsight, and I thought I was going to be fantastically rich within a year. Then I found my bug, and the system instantly turned to shit, lol. But I never forgot how well it did when it could eliminate the loser.
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