Charging for signals

Submitted by StonedPharaoh t3_11eh4d9 in wallstreetbets

Quick question, why would a very good trader charge people subscription for signals?? Why don’t they use this knowledge to become billionaire? Just wondering about your thoughts.

10

Comments

You must log in or register to comment.

pointme2_profits t1_jadz468 wrote

Because they don't win 100% of the time any more than anyone else does. And that sweet subscription income is how they actually make a stable living

21

Vegetable-Worth-4909 t1_jae8bw9 wrote

I know someone irl that does something like this and oh so I promise them subscribers pay this mans life. Lol

2

StonedPharaoh OP t1_jae9sfk wrote

Is he a good trader atleast?

1

Vegetable-Worth-4909 t1_jaea1ld wrote

I’d say so yeah but he doesn’t have good personal control so he always fucks up the bag w dumb plays on his own time

2

StonedPharaoh OP t1_jadz7j4 wrote

Yup now that makes perfect sense👌🏽

1

rmn_swiss t1_jae4zph wrote

Most of them live of the subscription money and are shit at what they are doing.

3

Dothemath2 t1_jadzv3l wrote

A random comment that stuck with me from the 2008 GFC:

Nobody knows anything

7

SDgoose-fish t1_jadyp8z wrote

I think you answered your own question there

5

StonedPharaoh OP t1_jadyt8a wrote

Lol I understand, its probably more stable source of income. Its just too attractive when they post their gains. Makes u want to join too

3

Ok_Inspection_2799 t1_jadzrei wrote

Same thing as hedgefunds. They use other people's money to invest. If they were so good why not just use there own money.

3

StonedPharaoh OP t1_jadzwlu wrote

Hedge funds does not have positions with their own money? Its 100% users funds?

2

NagatoKami t1_jae81tg wrote

Up or down, they skim fees from the people who put their money in the fund. That's the whole point - a subscription. Ask yourself why there is a subscription for almost everything. Steady income and in the long run you get payed more than an actual sell.

2

NagatoKami t1_jae7kdn wrote

Let's consider a successful trader. Passive income while trading. Doesn't cost you anything and you get money.

3

Story_Deep t1_jae9pwd wrote

Though a lot of them are for sure scams, some of them charge, because they are always watching for the signal (right or wrong) and you pay them so that you don't have to. You are paying them to watch the stocks for you and let you know when things change, not to make your trades for you.

3

xTony_Tony_Chopper t1_jaecz25 wrote

Because technical analysis is a load of shit.

He'll probably start explaining a cup and handle formation to you the day before CPI.

3

vacityrocker t1_jae4bne wrote

Go for it and report back to us after 50 trades win or lose

2

VisualMod t1_jadye9i wrote

User Report
Total Submissions 1 First Seen In WSB 12 seconds ago
Total Comments 0 Previous Best DD
Account Age 5 years [^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) [^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
1

ldecline t1_jaef0fl wrote

The only signal I get is your mum showing her pussy

−2