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Hi Mike,
I have been involved in trading for quite a long time(Names have been
changed-easily on the internet-to protect annimi.). As we all know noone
can guarantee historical results especially since we are registered with
the CFTC. We also all know that there are no magical systems or indicators
to unlock the secrets of the markets. It takes consistance, discipline and
much mental preparation to trade successfully. There are many publicly
available systems that will make money. The problem as we all know, is not
the system but the trader. Can you tolerate a $20,000.00 drawdown extented
over a 8-12 month period and still place every trade??? How many systems
do we all have setting on a shelf that lose money when we were trading them
but would be up $100,000 over the last 5 years. I have been a vendor a
realized it wasn't for me. If you have the right marketer and advertizing
program you can sell anyone anything from "Robo Grips to trading systems".
I have a more equitably proposition which many vendors have agreed to in
the past. Instead of giving you $200.00 to try your system, I will give
you 2 times your asking price only after the system has made that amount in
real time trading after commissions and slippage. I have an entire legal
team to write up the agreement. If you have that much confidence in your
system its an easy 200% profit. And I am taking all the trading risk with
my capital.
Respond privately if so desired.
At 10:42 PM 6/7/98 -0400, Michael A. Mermer, CTA wrote:
>Now that we all have had a chance to meet, I am the developer of ETS.
>
>I know many of you on this list personally and it is unfortunate that we
>have had some words with a few. I think it is time to get on to some more
>productive matters since I assume that is why we are all on this List in
>the first place.
>
>We all know that technical analysis works. What would GANN have thought?
>If you don’t believe TA works, take your TradeStation and throw it out now
>and stop testing systems. The real pros in this business know that the
>markets are traded technically vs. fundamentally.
>
>Those of you who want guarantees in this business will find it hard to be
>successful traders—it doesn’t fit well with proper trading mentality.
>Nobody could guarantee future performance and we never claim to. By
>definition, trading is the taking of signals without knowing the outcome.
>
>In this business, tire kickers are a dime a dozen. We look to do business
>with serious traders only.
>
>And purchasing ETS is now not the only way to get some of the signals. Our
>new system is now available by REAL-TIME advisory service LIVE on the
>internet which trades the system on the S&P on a variety of different time
>frames.
>
>Put up $200 and get a month’s worth of the advisory signals to see for
>yourself if it is worthwhile. (This is not an offer to buy or sell
>commodities etc.).
>
>Those of you who were too lazy to check our entire web site neglected to
>see our AUDITED performance records which were prepared by an outside firm
>based on real trades. We have been consistently profitable on the S&P day
>trading up around 100% per contract on a $25,000 account since December.
>These are real numbers, not just the TradeStation Performance Summaries so
>many of you rely on. I wish I could say for sure that it will continue to
>make this type of money in the future, but no one knows the outcome of
>future trades for sure and this is why we have to say that Past Performance
>Cannot Guarantee Future Results.
>
>I know some of you would like the CFTC disclaimer to say otherwise, but if
>you need assurances in trading, get out of trading business now because
>this is not a business where absolute assurances can be provided.
>
>We feel we offer what most other vendors do not- a chance to trade a system
> real-time with signals from us at a fraction of the cost of the purchase
>price. If you like it, then you can buy it. Apply the $200 towards the
>purchase price of the system. We normally give a free month on the
>advisory with the purchase, but the "free" month may be taken in advance as
>noted above and then the free month afterwards is waived.
>
>For those skeptics, what more would you want? Nothing good comes for free
>in this or any business. Everyone has to anti-up to trade- it’s part of
>trading.
>
>So instead of trashing a system you may know nothing about, why not trade
>it and try and make some money this month if we have a good month.
>
>Our advisory also teaches discipline which is just as important as the
>technicals. If you don’t have the stomach to take the trades, you cannot
>system trade and make money trading any system.
>
>Have a good week trading!
>
>
>
>---------------------------------------------X
>Michael A. Mermer, CTA, Pres. & CEO of TSCI
>"Developers of the ETS Trading System for TradeStation & SuperCharts and
>the ETS Fax/Online Broadcast Advisory" Sales: 800.637.6529
>Advisory Support: 561.451.4497
>ETS System Support/Upgrades: 561.451.8899
>Fax: 561.451.0034
>URL: http://www.traderssoftware.com
>E-mail: tsci@xxxxxxxxxxxxxx
>---------------------------------------------X
>
Bruce Harrison
<mailto://trader@xxxxxxxxxx>
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