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Well, because he might not be consistent enough. Consistency is the key. After 2 bad months he can have 1 good month and so forth, screwing up your average.
By playing 10 or more people you can be sure that 80-90% of them consistently will lose money...
Here is my evil plan:
1. Hire 10 newbies who have to use their own little money, let's say $5K. less is OK too.
2. Teach them a bullshit swing system with futures. Why futures? Because that is one fast way to lose it all quick. Options are too complicated for the average person. Why swing trade? Because you don't want them to scalp, remember you are taking the oposite side let's say 3 times. That is hard with a scalping system.
So theach them a wide stop loss swing system.
3. On average I would say 1 will make money, 2-3 tread water, the rest will get whipped out. So your company made 6x3-3-little commission=5losers x 3 multiplier x $5k >>>75 K probably in the first month.
4. To those who lost it all, offer the company's money and say, that it wasn't their fault, and you give them another chance, and if they become profitable they can pay it back. You are basicly hedging yourself, because if they keep losing, you still make twice as much and if they win, they have to pay you back.
5. To the 1 winner, you can say, he should reinvest his winnings. There is a good chance that more money will screw him up, thus becoming a loser.
6. Put a new add in the paper that you are hiring and repeat the process....
If it really works out the way I described, you can use a bigger multiplier, like 5 or 10. Again, you are basicly like a casino, playing the numbers game, chances are that there will be no group where more than 50% is going to be the winner. Even if it is 4 winners to 6 losers, you are ahead....
Well, because he might not be consistent enough. Consistency is the key. After 2 bad months he can have 1 good month and so forth, screwing up your average.
By playing 10 or more people you can be sure that 80-90% of them consistently will lose money...
Here is my evil plan:
1. Hire 10 newbies who have to use their own little money, let's say $5K. less is OK too.
2. Teach them a bullshit swing system with futures. Why futures? Because that is one fast way to lose it all quick. Options are too complicated for the average person. Why swing trade? Because you don't want them to scalp, remember you are taking the oposite side let's say 3 times. That is hard with a scalping system.
So theach them a wide stop loss swing system.
3. On average I would say 1 will make money, 2-3 tread water, the rest will get whipped out. So your company made 6x3-3-little commission=5losers x 3 multiplier x $5k >>>75 K probably in the first month.
4. To those who lost it all, offer the company's money and say, that it wasn't their fault, and you give them another chance, and if they become profitable they can pay it back. You are basicly hedging yourself, because if they keep losing, you still make twice as much and if they win, they have to pay you back.
5. To the 1 winner, you can say, he should reinvest his winnings. There is a good chance that more money will screw him up, thus becoming a loser.
6. Put a new add in the paper that you are hiring and repeat the process....
If it really works out the way I described, you can use a bigger multiplier, like 5 or 10. Again, you are basicly like a casino, playing the numbers game, chances are that there will be no group where more than 50% is going to be the winner. Even if it is 4 winners to 6 losers, you are ahead....
