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If I had an "impeccable edge" I would most certainly not sell it to a bunch of knuckleheads on the internet; rather, I would teach one or two people, privately, and pay them.
Seriously, if the edge were highly profitable and teachable, then the best use of my time and energy would be to scale up and expand. So I'd hire a few people to help me do just that. Scaled up profits would cover their salaries and promote further growth, while the track record produced by this "impeccable edge" would be worth millions in management and performance incentive fees once my newly formed CTA was ready to accept outside capital. But babysitting a bunch of clueless punters for a few thousand dollars in subscription fees? No thanks. I'd much rather follow the Toby Crabel route.
By the way, some of the topics in this thread were also recently discussed here:
If you found the Holy Grail, would you share it with the world? By Holy Grail, all I mean is a system or methodology that can consistently yield profits in all market conditions however it does it and also make a good ROI.
There are every now and then this or very similar question popping out on forums, most such original posters are usually looking for answer to their real question "if they should stop looking for people to buy edge from", answer is "yes"
From personal experience, edge is not just one thing and is very unlikely to be transferable, you will have to develop your own.
However, if you are looking for some time saving by learning from others, there is that option too, but never expect to make that paid fees from using that method during or after the course, you would be lucky chap if you haven't run down your account.
And hence, I again think its better to run down your own account on basis of your own ideas, at least that way you will have ground for new ideas.
It's not easy to make money from trading, if it was, everyone would. So when one does find a way to do it, trust me, its almost as dear to the trader as his own family. Would you sell such a dear and precious thing?
I mean no offense to anyone, just my silly opinion and 2c.
I have merged the two threads, "If you have/use an IMPECCABLE EDGE...." started a few days ago by @lightsun47 into this older thread, "Would you share your Holy Grail?" on basically the same topic.
Some questions are timeless, and this is obviously one of them, so it is understandable that it would come up again. At least this way we have their posts in the same thread.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
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Depends who the company is. If your talking about say Renaissance Technologies the answer is they've already invested all their money, so the only way they can make even more money is to additionally manage money for you for a fee. There's a lot of companies that do not fall into that category though.
Look at it like this, I know very few people in real life who are making money from trading, I can count them to exactly 4 people ( I can only vouch for that many since I've their accounts under me) but I know at least a thousand more people selling some kind of stock market related service, be it training or education, call giving, insider tipping, brokerage, software, writing books, channel commentary, some have even made money in shady business of leaking famous books and courses on telegram.
While I wont go as far as calling everyone fraud, there is this picture that's in front of me including my struggle over the years. I also know a single person who has gone from personal trading to handling mutual fund service of his own, his reason is to garner funds that he can't do it himself to step up capital and reduce risk to get stable returns. He hasn't been successful at it.
So, if you want to be in this business, its very clear which path is easier to make money from.
They understand this, its easier to sell dreams and promises, its harder to sell reality.
It's so incredibly hard to get people to understand this, but it's so easy to actually understand:
If is hard to make money by trading. It is not so hard to make money by writing and selling stuff, worthless or not, about trading.
I know there are good people who are putting out good material, and I also know that they don't do nearly as well as the outright fakes. If they resist the temptation to tell many lies, they can put out somewhat helpful material.... unfortunately, without the lying it won't sell as well. If they tell the truth about trading, and give out good information about it, they miss out on the get-rich-quick gravy train that all the gullible traders-to-be are so eager to throw their money at.
I comes down to, there's still a sucker born every minute, and cheating them is easier than working. If you have that personal inclination.
Sure, thee are some good sources of trading information and knowledge out there. As a rule, they aren't selling their hot systems. Frankly, if they had a true hot system, and they didn't want to just trade it themselves, they wouldn't be pitching it to little low-money retail traders for a few hundred or a few thousand bucks, would they?
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
The question of why some people are willing to sell their "systems" is not exactly off-topic in this thread, which is about whether you would be willing to sell yours if it really worked. We can infer that people are more willing to sell things that are of no value than they are to sell good things, at least for the chump change prices they get, which is sort of obvious. (Yes, even systems selling for thousands of dollars are selling at true chump prices, if they deliver what they say they do.)
But even though it is tempting to stray off into this side-issue (for this thread), and even though it is obviously related, and even though I have indulged in it a little just now (it is certainly fun, and important, too), it is better to focus on the main question. Would you share your Holy Grail?
It's OK to bring in the other stuff if you like, but remember the focus. So, would you? And why in the world would you? Maybe there's a good reason. Inquiring minds want to know.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
This is the best answer that has ever being given, is being given and will ever being given on what it means to have an impeccable edge. Just using this information alone is enough to significantly reduce the space of vendor promoted trading systems. Unfortunately you need to kiss a lot of frogs before this information can be experientially integrated because just saying it is not enough.
(Yes, even systems selling for thousands of dollars are selling at true chump prices, if they deliver what they say they do.)
Maybe there's a good reason. Inquiring minds want to know.