Re: Dhiraj-Yr daytrading system can make you even more money, when you dont trade it
amar , i would NOT advice this to be comercialized, let us keep this to this board. dhiraj can take the final call
Your trading strategy can actually make you even more money while you are sleeping or away on a vacation. (This is not my line, I keep coming across lines like this on several thousand American websites that I have visited, in search of an effective trading system)
While I have been eagerly working on back testing your system last night, I kind of deviated when this thought occurred to me that you could turn your trading strategy into a business idea.
Anyway, in my humble opinion, your brilliant trading strategy surely has big market potential. It has the right material to become a money spinner with a vast ready market waiting for it, a market probably much bigger than what I can think of.
Broadly as we all traders of your system are experiencing, your a day trading system virtually guarantees a return on capital traded and this itself makes it its strongest selling point. Best part is, no crazy indicators to follow, no subjectivity, and no overnight risk whatsoever. A system with clearly defined entry, stops and profit targets, so no emotional stress or any emotional kind of trading involved. The system also does away with the need of any fancy software or technical skills sets required. One can trade a wide no of stocks, stock futures and even index futures like Nifty & BankNifty.
Your trading system in these times of recession, can offer tremendous opportunity and hope to traders, students, housewives and individuals seeking an alternative source of income.
I am kind of assuming that you will like the idea & am putting forth my initial thoughts on what could be done to work it out.
Your strategy could initially be packaged in a form of an e-book and later for that matter, even in a form of a regular book. For the e-book the initial step could be setting up a website, wherein your e-book can be downloaded on receipt of payment. The website can have a shopping cart with payment options via paypal/creditcard/bank txfr etc. We can take inspiration from quite a few US based websites to give the website an appealing and professional look and for whatever else that may be required to help make it work.
For promoting and marketing the book, an online affiliate program could be very helpful, (TJ members & followers of your system who have benefited, can help spread the word online & offline and even get a decent share out of promoting your e-book online.) Promotion by way of online advertisements, opt-in email lists, and other methods depending on the budget could also be considered.
Rightly pricing the e-book should fetch good volumes. To help protect from piracy, we can check out Adobe digital editions, I believe they have a digital protection kind of system which can be checked out.
Sunil has done a tremendous job in making your system easy to follow and understand for everybody. I volunteer to pitch in with my time and skills to help put together the e-book in a presentable and readable form, complete with the concept, strategy, testimonials, trading examples, charts, faqs etc.
I am pretty positive of you receiving the necessary support from the forums members in form of testimonials/ideas to move this thought further, if you choose to pursue it.
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I am sure a lot of thoughts and ideas can come forth from seniors/members to make this a win-win situation for everybody who chooses to get involved.
In any case, if Dhiraj decides to take this ahead, this is the least we all can do as a token of appreciation for the brilliant work Dhiraj has shared and supported us with.
Guys, if you like the idea, do pitch in with your thoughts/ healthy criticism / support to help Dhiraj decide.
Cheers
Amar
----------------
(Mods, admins I am not sure whether this post is in line with the forums requirements and whether should be posted on this thread or some other thread, if found in-appropriate, am willing to re-locate/delete this)
While I have been eagerly working on back testing your system last night, I kind of deviated when this thought occurred to me that you could turn your trading strategy into a business idea.
Anyway, in my humble opinion, your brilliant trading strategy surely has big market potential. It has the right material to become a money spinner with a vast ready market waiting for it, a market probably much bigger than what I can think of.
Broadly as we all traders of your system are experiencing, your a day trading system virtually guarantees a return on capital traded and this itself makes it its strongest selling point. Best part is, no crazy indicators to follow, no subjectivity, and no overnight risk whatsoever. A system with clearly defined entry, stops and profit targets, so no emotional stress or any emotional kind of trading involved. The system also does away with the need of any fancy software or technical skills sets required. One can trade a wide no of stocks, stock futures and even index futures like Nifty & BankNifty.
Your trading system in these times of recession, can offer tremendous opportunity and hope to traders, students, housewives and individuals seeking an alternative source of income.
I am kind of assuming that you will like the idea & am putting forth my initial thoughts on what could be done to work it out.
Your strategy could initially be packaged in a form of an e-book and later for that matter, even in a form of a regular book. For the e-book the initial step could be setting up a website, wherein your e-book can be downloaded on receipt of payment. The website can have a shopping cart with payment options via paypal/creditcard/bank txfr etc. We can take inspiration from quite a few US based websites to give the website an appealing and professional look and for whatever else that may be required to help make it work.
For promoting and marketing the book, an online affiliate program could be very helpful, (TJ members & followers of your system who have benefited, can help spread the word online & offline and even get a decent share out of promoting your e-book online.) Promotion by way of online advertisements, opt-in email lists, and other methods depending on the budget could also be considered.
Rightly pricing the e-book should fetch good volumes. To help protect from piracy, we can check out Adobe digital editions, I believe they have a digital protection kind of system which can be checked out.
Sunil has done a tremendous job in making your system easy to follow and understand for everybody. I volunteer to pitch in with my time and skills to help put together the e-book in a presentable and readable form, complete with the concept, strategy, testimonials, trading examples, charts, faqs etc.
I am pretty positive of you receiving the necessary support from the forums members in form of testimonials/ideas to move this thought further, if you choose to pursue it.
----------------
I am sure a lot of thoughts and ideas can come forth from seniors/members to make this a win-win situation for everybody who chooses to get involved.
In any case, if Dhiraj decides to take this ahead, this is the least we all can do as a token of appreciation for the brilliant work Dhiraj has shared and supported us with.
Guys, if you like the idea, do pitch in with your thoughts/ healthy criticism / support to help Dhiraj decide.
Cheers
Amar
----------------
(Mods, admins I am not sure whether this post is in line with the forums requirements and whether should be posted on this thread or some other thread, if found in-appropriate, am willing to re-locate/delete this)
amar , i would NOT advice this to be comercialized, let us keep this to this board. dhiraj can take the final call
