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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Kingda Admin (Admin) ( C2 Score: 1000 ) |
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| When: | 5/25/12 (13:54) | |
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| | Pay per profitable trades.... this is how it works...
If I close out a trade at +$5 or +$2... subscribers will NOT pay the $6 fee. This is how C2 works. Subscribers only pay the $6 fee if the trade was profitable and greater than the $6 fee.
So for current and future subscribers, please ignore incorrect comments that you see in "system notebooks."
Unfortunately there are people who will continue to speak negatively about every system here on C2 (aside from their own).
Thank you and enjoy your weekend!
Kingda Forex
Kingda FX |
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Brian Hester |
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| When: | 5/25/12 (14:43) | |
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| | In response to post by Kingda Admin of 5/25/12 (13:54) Pay per profitable trades.... this is how it works...
If I close out a trade at +$5 or +$2... subscribers will NOT pay the $6 fee. This is how C2 works. Subscribers only pay the $6 fee if the trade was profitable and greater than the $6 fee....
See entire
Adrian,
Thanks for your explanation regarding how C2 works.
Providing quantitative evaluation of some systems is not negative in the world of finance. It is just objective.
Have you ever heard about financial performance ratios? Well, they are out there working for some people
By the way, do you ever speak negatively about your own systems? As far as I can read, you are very actively promoting them on the forum, and implying negative things about other systems.
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Kingda Admin (Admin) ( C2 Score: 1000) |
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| When: | 5/25/12 (14:47) | |
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| | In response to post by Brian Hester of 5/25/12 (14:43) Adrian,
Thanks for your explanation regarding how C2 works.
Providing quantitative evaluation of some systems is not negative in the world of finance. It is just objective....
See entire
LOL..Ms Naivete has nothing better to do..
After his initial incorrect comment, he changes it to this:
Comments 5/25/12 14:17 ET:
05/23/12 "$6 charge for $17 trade. 6/17 = 35% fee!!! Even the best hedge funds in the world don't charge that much. But a system with 5 losing months in a row does.
Pricey patience."
That's on 1 lot.. trade 2 or 3 or 5 lots and the percentage drops substantially... simple math.
You can do that math on any system here. |
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Kingda Admin (Admin) ( C2 Score: 1000) |
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| When: | 5/25/12 (14:53) | |
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| | In response to post by Brian Hester of 5/25/12 (14:43) Adrian,
Thanks for your explanation regarding how C2 works.
Providing quantitative evaluation of some systems is not negative in the world of finance. It is just objective....
See entire
Brian,
My system as any other one out there can always be better. I'm not the best trader in the world nor is my system. But I try hard to do a good job. I enjoy trading and the markets.
At times I post that my system is on the "hot forex system" list.. simply stating a fact. Click on "Find a System" then click on "Hot Forex Systems."
My strategy along with others are there listed. You can review at anytime.
Maybe you can recommend some good systems that you subscribe to... along with others who just speak negatively about systems. How about using your "quantitative evaluation" to mention good systems to subscribe to?
Enjoy you weekend.
Adrian
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Brian Hester |
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| When: | 5/25/12 (15:12) | |
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| | In response to post by Kingda Admin of 5/25/12 (14:53) Brian,
My system as any other one out there can always be better. I'm not the best trader in the world nor is my system. But I try hard to do a good job. I enjoy trading and the markets....
See entire
Adrian,
Thanks for your offer to recommend a system. I do not recommend/promote any systems. However, please do not try to change the subject to the system recommendation.
The fact remains. You accuse others of negativity while pushing your own systems.
I use the ratios. If and when any of your "hot" or cold systems would satisfy them, I will immediately subscribe to them.
However, even at that time, please do not count on me on recommending your systems either.
Good luck with your work. |
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Brian Hester |
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| When: | 5/25/12 (15:20) | |
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| | In response to post by Kingda Admin of 5/25/12 (14:47) LOL..Ms Naivete has nothing better to do..
After his initial incorrect comment, he changes it to this:
Comments 5/25/12 14:17 ET:
...
See entire
Adrian,
So, if a subscriber trades a smaller account, you charge them more percentage wise.
Does it make a financial sense? |
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Kingda Admin (Admin) ( C2 Score: 1000) |
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| When: | 5/25/12 (15:21) | |
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| | In response to post by Brian Hester of 5/25/12 (15:12) Adrian,
Thanks for your offer to recommend a system. I do not recommend/promote any systems. However, please do not try to change the subject to the system recommendation....
See entire
Brian,
Maybe you can point out where I said something negative about another system/developer and I will surely apologize.
My post to "Ms Naivete" was to clear an incorrect statement... that's all I did. I'm not sure why that prompted an immediate response from you. But I was correcting him.
I can promote my system as I wish just as others do here as well.
Anyways... best of luck to you as well. I know we are all here to try to make money and learn.
Have a great weekend Brian. All the best.
Adrian
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Brian Hester |
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| When: | 5/25/12 (15:32) | |
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| | In response to post by Kingda Admin of 5/25/12 (15:21) Brian,
Maybe you can point out where I said something negative about another system/developer and I will surely apologize....
See entire
Adrian,
Your correction, done on this public forum, has attracted my attention to the fact that you charge more to a smaller account percentage wise.
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Kingda Admin (Admin) ( C2 Score: 1000) |
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| When: | 5/25/12 (15:33) | |
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| | In response to post by Kingda Admin of 5/25/12 (15:21) Brian,
Maybe you can point out where I said something negative about another system/developer and I will surely apologize....
See entire
Brian, as a developer I cannot make comments on my own system. So this is the only forum I have to correct errors like that one made.
Kingda FX is a set $99 if profitable. I'm giving subscribers options on the fee. Up to them what they think is better.
Kingda Ka 4X is $6 per profitable trade. That's the decision the subscriber has to make, not me. If they have a small account and are only trading 1 lot, then they make the decision. Yes, percentage wise they pay more. But that's them to decide, not me.
Now, if they can trade 2 lots or more..then it makes more sense.
Just like any system here. If a system charges $100/month. Would it make sense for a small account? It could... but percentage wise its a bigger chunk.
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Kingda Admin (Admin) ( C2 Score: 1000) |
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| When: | 5/25/12 (15:36) | |
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| | In response to post by Brian Hester of 5/25/12 (15:32) Adrian,
Your correction, done on this public forum, has attracted my attention to the fact that you charge more to a smaller account percentage wise.
Anyways.. enjoy the long weekend!
I'm out of here. Best of luck to everyone.
Adrian
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Brian Hester |
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| When: | 5/25/12 (16:14) | |
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| | In response to post by Kingda Admin of 5/25/12 (15:33) Brian, as a developer I cannot make comments on my own system. So this is the only forum I have to correct errors like that one made....
See entire
Adrian,
Your system description recommends KK4X for smaller accounts, specifically.
It states:
For smaller accounts, please check out Kingda Ka 4X. Exact same entries, but pay only $6 "per profitable trade."
Since it is very likely, that there are more smaller accounts than larger ones on C2, you would profit more, if they chose to pay per profitable trade.
So, Adrian, this option benefits you a lot more than your subscribers. And the smaller they are, the more expensive it is for them.
$100/month could be a better option for a system with large enough returns and profitable most of the months.
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Kingda Admin (Admin) ( C2 Score: 1000) |
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| When: | 5/25/12 (16:34) | |
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| | In response to post by Brian Hester of 5/25/12 (16:14) Adrian,
Your system description recommends KK4X for smaller accounts, specifically.
It states:
For smaller accounts, please check out Kingda Ka 4X. Exact same entries, but pay only $6 "per profitable trade."
...
See entire
Look at my activity. I actually make more from the $99/month. I would need to make about 16.5 profitable trades per month in KK4X for it to equal Kingda FX. I'm not trading that much. There might have been months I traded more than that.. but recently its been:
December - 4 profitable trades
January - 1 profitable trade
February - 5 profitable trades
March - 10 profitable trades
April - 6 profitable trades
So you're much better off (at least recently) with KK4X.
So, if you do have a smaller account it does benefit you on the "pay per profitable trade" fee model. Again, again, and again... as I mentioned before... it's up to the subscriber to decide which is better for them.
It's an option for subscribers... they decide what is best for them. If you subscribe to the $6 per profitable trade and then feel that $99 is better, you can switch at anytime.
Thanks for the concern. I appreciate the opportunity to clarify this to potential subscribers.
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Brian Hester |
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| When: | 5/25/12 (18:16) | |
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| | In response to post by Kingda Admin of 5/25/12 (16:34) Look at my activity. I actually make more from the $99/month. I would need to make about 16.5 profitable trades per month in KK4X for it to equal Kingda FX. I'm not trading that much. There might have been months I traded more than that.. but recently its been:
...
See entire
Thanks for your data, Adrian.
Looking at your most recent performance, in April: you had made $121 and you had charged $6 x 6 = $36. That is 30% of your profit.
Are my numbers correct?
Based on my fee/profit ratio, it is way too expensive.
The fact is, you recommend this fee structure to your smaller accounts.
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Kingda Admin (Admin) ( C2 Score: 1000) |
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| When: | 5/25/12 (18:41) | |
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| | In response to post by Brian Hester of 5/25/12 (18:16) Thanks for your data, Adrian.
Looking at your most recent performance, in April: you had made $121 and you had charged $6 x 6 = $36. That is 30% of your profit....
See entire
Thats sounds about right Brian. Not too bad. If you trade 2 or 3 mini lots (which is still considered a small account), the percentage you noted would be a lot less.
I noticed you had given a great review to Strawberry Rhubarb a while ago. What do you think of its $59 per week fee considering its equity curve and C2's small account sizes (per your statement)?
Have you run the numbers on it? |
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Brian Hester |
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| When: | 5/25/12 (23:43) | |
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| | In response to post by Kingda Admin of 5/25/12 (18:41) Thats sounds about right Brian. Not too bad. If you trade 2 or 3 mini lots (which is still considered a small account), the percentage you noted would be a lot less....
See entire
Adrian,
I am glad you agree with the fact that your fee is too expensive for one lot.
Your subject here is: Pay Per Profitable Trade.. How it really works...
You, however, have made several attempts here to re-direct our discussion to other systems. Why is that ?
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| Subject: | Pay Per Profitable Trade.. How it really works... |
| Posted by: | Kingda Admin (Admin) ( C2 Score: 1000) |
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| When: | 5/26/12 (7:00) | |
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| | In response to post by Brian Hester of 5/25/12 (23:43) Adrian,
I am glad you agree with the fact that your fee is too expensive for one lot.
Your subject here is: Pay Per Profitable Trade.. How it really works......
See entire
subscribers can decide what they think is best. if $6 per profitable trade is too expensive, then subscribe to the $99 if profitable model.
in my c2 model account i trade 1-2 lots per trade. to make it more worthwhile for subscribers, they should trade 200%, or 2-4 lots minimum KK4X.
actually a great point and i will update my description to better clarify this.
brian, thanks for pointing that out!
enjoy the weekend everyone!
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