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There's a number of benefits. Primarily because it gives access to the built in vendor licensing. I wanted to collaborate with my viewers by giving them the same tools I use. There was not much setup required to get the licensing working, and it lets me give people free trials. There's not much more to it than that.
There are things about this market that make me uncomfortable putting on a lot of risk with futures. I only mentioned that I've had some encouraging results lately to illustrate that what many people would consider to be good stats isn't enough for me to be comfortable with risk taking right now. By extension I'm questioning the premise that past stats alone justify taking on risk. Past performance is not indicative of future results.
I never made such a claim, and I never would make such a claim. I sense though that people are missing the larger point I was trying to convey. Look at the most reputable names and vendors in the futures trading space. The people that regularly do webinars here. Do they market their products or services by regularly posting public broker statements? I've never seen it. In fact, when you really look you'll notice that they actively avoid making any performance claims. I only see fools and scammers posting such things.
Why is that? Well, once you start looking at the compliance requirements for such things you'll realize that it's just a liability to make performance claims, even if you can back it up. That's why I jump on people so quickly when they make such performance claims on forums. I know that if they really knew what they were doing they wouldn't boast.
Hence why even though all of my trading is available to watch on YouTube, I do not make performance claims. Sometimes I do well. Sometimes I don't do well. If I do well you might not be able to duplicate my results.
Many people are searching for something that they're just never going to find. Which is why I suggest a different approach. Look for evidence of a market behavior that isn't just a random walk. That's going to get you a lot farther.
That's a pretty convenient line to take, now that you're officially a vendor. Anyone selling something can easily post an account statement without making performance claims. Why don't the vast majority of vendors do it? Because they can't. They trade sim or they don't trade at all. They're marketeers, not traders. That's the bottom line. Think about it, if any of these vendors could actually prove that what they're selling works it would be a huge boon to their business - but you never see it in this industry. Why? Because there's more money to be made selling shovels than there is mining the actual gold.
As soon as you do that you'd also have to ensure that data is updated every 90 days, mention that past performance is not indicative of future results, have equally empathized statements about the risk of loss, and be able to demonstrate to NFA that the information is representative of the actual performance for the same time period of all reasonably comparable accounts.
But ya know, I'm a vendor now selling a $10 per month YouTube channel membership so clearly I'm just trying to pull the wool over your eyes lmao.
That would be true if you were or had to be registered with the NFA. Otherwise no. Trading education vendors don't because they're generally not CPO's, CTA's, IB's or FCM's. There's nothing magical about posting a picture of an account statement as long as it's accompanied by an appropriate disclaimer. You seem pretty sharp, so you probably already knew that and have appropriate disclaimers on your indicator site and .
Listen, I don't care one way or another what you sell or how cheap or expensive it is. If you can sell a watermelon for 10,000 dollars great. If you can make a couple extra bucks flogging affiliate links in your or monetizing your Youtube videos then good for you. All I'm advocating for is more transparency in the industry. If you're selling something that you claim to use yourself to make money, you should be able to at least demonstrate that it works to a potential customer. Most don't because they can't. That's all.
These are all requirements of being a part of the NinjaTrader ecosystem. Even if a vendor wasn't legally obligated to follow these guidelines I think one would be foolish to do things that would break those rules. It's better to be safe and follow the strictest standards beyond what is legally required. Anything else is a liability waiting to happen, and there's nothing in it for the vendor regardless of whether or not they trade profitably.
You can dislike that all you want, but all I'm doing is explaining why it is what it is. You're looking for something that's never going to exist, and if you find it the chances are you're being fooled.