All Failed Traders should become Vendors!!

donaldduke · Feb 16, 2011

Being a trading vendor (ie a trading coach, seminar seller, system seller, chat room operator etc) is easier than being a profitable trader.

And the money seems to be quite good.

I mean if you can get 100 clients a year at £1000 a head, or just 80 clients at £100 a head per month, that is 100K and good money for 99% of the population.

Even if you only make half that much, it is still a good living.

And if you are really good and can organise big vending events you can become rich.

Trading is very hard work and the results are not guaranteed.

The only skills required to being a good Vendor are:

1. A bit of trading and market knowledge.
This can be gained in six months of hanging around trading forums, reading books, and blowing a few small trading accounts.

2. The other requirement is being a good bullsh1tter. (Posting winning trades in hindsight is one example of the tactic used)

Having a profitable track doesn’t seem to be a requirement to make money in the vending business. Although if you had a profitable three month period anytime in the last couple of years you can use that in your marketing

So to all of you who have given trading a good go and are about to give up

Dont let all that experience go to waste

Become a Vendor!!!!

:clap::clap::clap:

Personally, I am a profitable trader. Profitable Day trading is very hard work and i can do without the distractions of being a vendor, even though i would probably be a very good one.

Black Swan · Feb 17, 2011

I'm not that sure it is that good a biz model though DD, not sure the demand is there anymore, I'm not noticing anywhere near the volume of out of the box strap on dildo systems that were available even this time last year. I reckon it's (our overall retail industry) reached saturation point and I wouldn't be surprised if our numbers are quietly collapsing. I've seen member numbers as low as 120 on T2W during the day, apparently (back in the day) it's been as high as 5,000..

Dante only had 14 scuzzies when last questioned and the way the TEC guys kicked off over a couple of hundred quid I'd suggest spec money is very tight and precious atm.

I still think there are gaps for training if done right, for example could we not all suggest the exact requirements we'd demand from a trainer and or call service and if it met our exacting criteria we may recommend it? Problem is to set that up correctly takes money beyond the 50 quid retarded sites and set ups we normally witness..

shadowninja · Feb 17, 2011

I'm waiting for the first vendor to be sued after a client loses then they find out their disclaimer that they copied from someone else wasn't legally verified by a lawyer. And then the fun begins.

wackypete2 · Feb 17, 2011

Black Swan said:
I'm not that sure it is that good a biz model though DD, not sure the demand is there anymore, I'm not noticing anywhere near the volume of out of the box strap on dildo systems that were available even this time last year

Peter

JahDave · Feb 17, 2011

donaldduke said:
Being a trading vendor (ie a trading coach, seminar seller, system seller, chat room operator etc) is easier than being a profitable trader.

And the money seems to be quite good.

I mean if you can get 100 clients a year at £1000 a head, or 500 clients at £200 a head, that is good money for 99% of the population.

Even if you only make half that much, it is still a good living.

And if you are really good and can organise big vending events you can become rich.

Trading is very hard work and the results are not guaranteed.

The only skills required to being a good Vendor are:

1. A bit of trading and market knowledge.
This can be gained in six months of hanging around trading forums, reading books, and blowing a few small trading accounts.

2. The other requirement is being a good bullsh1tter. (Posting winning trades in hindsight is one example of the tactic used)

Having a profitable track doesn’t seem to be a requirement to make money in the vending business. Although if you had a profitable three month period anytime in the last couple of years you can use that in your marketing

Personally, I am a profitable trader. Profitable Day trading is very hard work and i can do without the distractions of being a vendor, even though i would probably be a very good one.

Although i don't like vendors, i have come to realize that they are not going away, so i think we need more of them.. that way the vending market becomes even more saturated and they end up eating each others lunches.

So to all of you who have given trading a good go and are about to give up

Dont let all that experience go to waste

Become a Vendor!!!!

:clap::clap::clap:

If you can't trade profitably on a regular basis then you can't teach anyone else to be successful.............

donaldduke · Feb 17, 2011

JahDave said:
If you can't trade profitably on a regular basis then you can't teach anyone else to be successful.............

Since when has that ever stopped anyone... 99% of vendors dont really trade.

the hare · Feb 17, 2011

I agree, Vendors and T2W's defense of them are a good source of LULZ.

robster970 · Feb 17, 2011

Is there a correlation between number of vendors/number of new retail entrants and the economic cycle?

Tenapenny · Feb 17, 2011

robster970 said:
Is there a correlation between number of vendors/number of new retail entrants and the economic cycle?

I wouldn't be surprised if that were the case. In desperate times, desperate people are far more gullible to bullsh1t just to "earn" some money.

meanreversion · Feb 17, 2011

Why is everyone so anti-vendor on this site. If it's so easy, do it yourself and earn £100k a year on the side. I would imagine it's more difficult than you think.

Now, just to pre-empt the inevitable 'all vendors are scam artists' comments, the truth is that SOME of them actually do want their clients to make money (shock horror). And they probably approach it as business, which is what it is.

arabianights · Feb 17, 2011

I know a failed vendor who became a trader though, so it can't be that easy

p.s. 50k is not a good living in London. In the north it's a good living, for sure...

scose-no-doubt · Feb 17, 2011

arabianights said:
p.s. 50k is not a good living in London.

Really? What if you live in the outskirts?

robster970 · Feb 17, 2011

scose-no-doubt said:
Really? What if you live in the outskirts?

Still cr@p - it's a bit like having the facilities of Barnsley with the prices of London - worst of both worlds.

scose-no-doubt · Feb 17, 2011

London that much more expensive than other city centres unless you're buying high class sh1t.

Trader333 · Feb 17, 2011

Personally, I am a profitable trader

Sounds just like a line you would expect from a vendor

Paul

shadowninja · Feb 17, 2011

Trader333 said:
Sounds just like a line you would expect from a vendor

That's what I thought. He didn't need to put that. But I suppose he had to because a gang of vendors would have said "that's what losing traders say". No, it's what people say who are annoyed by others selling hopes and dreams.

wackypete2 · Feb 17, 2011

There are just so many scam vendors out there that the good ones get lost in the shuffle. I'm sure honest reliable vendors have as difficult time with their business as anyone would with any business. I don't think anyone is saying it's easy. BUT, scam vendors DO have it easy. A plethora of ready and willing victims looking for the Holy Grail---just advertise that you have it. If it's so easy why don't we all do it? Well, most human beings have at least some morals and a conscience.

Peter

shadowninja · Feb 17, 2011

I suppose the question is: what is a scam vendor? Us lot would probably define this as someone who couldn't trade their way out of a paper bag but from a Trading Standards viewpoint, someone who coaches newbie traders just has to not make claims that they are a profitable trader or worked in a bank if they didn't, and simply teach authentic trading techniques (which would include established FA and TA knowledge) without guaranteeing success.

meanreversion · Feb 17, 2011

This discussion is such b0ll0cks, sorry.

To begin with, even the "BEST" trader in the world will go through a losing patch at some point (check out Buffett's drawdown in 2008!!), so who the f--- can "guarantee" that their students will start making money from day one?? It's impossible.

I don't disagree that there are many, many scam artists out there, but frankly, even the non-scam artists will be hard pushed to ensure their students are immediately and consistently profitable.

Given that most people's expectations when employing a coach or signal site will be unrealistically high, pretty much every vendor is a scammer as the results will disappoint, irrespective of their genuineness.

SpiritBeing · Feb 17, 2011

donaldduke said:
Dont let all that experience go to waste

Become a Vendor!!!!

:clap::clap::clap:

Rather than letting that experience go to waste as a VENDOR.....carry on your search in the market and put all that experience into what its there for...PROFITABLE TRADING....go get-em

All Failed Traders should become Vendors!!

donaldduke

Experienced member

Black Swan

shadowninja

Legendary member

wackypete2

Legendary member

JahDave

Experienced member

donaldduke

Experienced member

the hare

Senior member

robster970

Guest Author

Tenapenny

Experienced member

meanreversion

Senior member

arabianights

Legendary member

scose-no-doubt

Veteren member

robster970

Guest Author

scose-no-doubt

Veteren member

Trader333

shadowninja

Legendary member

wackypete2

Legendary member

shadowninja

Legendary member

meanreversion

Senior member

SpiritBeing

Active member

Similar threads