Dear People, dear Nicolas,

I see a few concerns, which did not occur to me when this (great) shop was announced at first. But please feel free to correct me where you deem it necessary !

If my Screeners are so superb that I sell already only one of them for 10,000 times (haha, wishful thinking !) and that one costs 10 euros, my bank account would somehow fill with 100,000 euros, right ?
Good !
Or maybe not so good, when the tax inspector comes along. IOW, I don’t think that this can be done by everybody. It will just be too much money to let-go by tax departments.

Next huge issue could be VAT related subjects. Thus, might I think that I declare this income at the tax department, sadly all kinds of Intra-Community regulations pop up.  And please (addressing the Seller), forget about “just doing” this on your own. It is too complicated and too much is involved. Also, that 10 euros for a Screener etc. is too low to cover for administrative costs. Really.

I can elaborate much more, but for now I will stick to these as small arguments not to set this up yourself. There is simply too much overhead in everything.

Thus, not seeking for more arguments, I sure would have the question to Nicolas who is setting up the payments ? I mean, I really don’t estimate that a French inhabitant is going to ask me for a check (LOL). Over here (Netherlands) we hardly know what a check is. However, luckily these days even PayPal is allowed in France, but … do people have PayPal ?
And so on …

So at first (small year ago), to me it seemed an integrated part of PRT. Say a credit-like exercise – and actually more than that. Say some kind of account that can be used to transfer funds to IB/IG.
I know, I know … that too would be wishful thinking, but will anything work without such means ??

If I am estimating matters correctly, I suppose that you, Nicolas, or PRT have chosen for the not-so-complicated process of avoiding all the $ issues. But meanwhile that burden now is on each individual.
This can’t be (it won’t work out) …

Please remember : Correct me where I am wrong !

If needed this can be worked out more, referring to some experience I personally have with these matters, including running a couple of businesses. Either end of this spectrum deals with internet purchases licence related as well as sales license related, as well as hardware both purchasing and selling (and importing and shipping).
So might it help, one of my companies writes/sells ERP software for almost 35 years now and an other deals with world wide (50 countries or so) sales of both software and hardware. Please notice that Enterprise Resource Planning is largely pure financials with for us European, sadly, those Inter-Community regulations. But PRT also crosses EU borders, which already happens with Switzerland, Norway and a few more.

If we want to set this up (and I really like to !) then IMHO there must be a certain approach which makes all “doable”, efficient and especially legal for everyone, without hassle. That would again come down to a centralized money management system, where IMO nobody will ever need to see the money, but may use it for his/her trading account.
Please notice that this is not at all about me myself, because I do have these businesses and VAT numbers and some knowledge of it and a PayPal receiving payment system and of course normal accounts for those without PayPal and a webshop to automatically arrange for (your) purchases and payments to me. But what good is that when I am the only one who can contribute ?

I can fully imagine that these matters can not be responded to easily publically (too much involved). Well, then don’t. But consider, please. Send a PM with not too many words could be an idea ? Later to summarise in here ?

Kind regards,
Peter

This sort of thing will never happen in retail trading.

All right. Count this in as my mistake.
I am apparently uninformed about that.
Btw, it was obviously figurative. Still, if my ever winning code brings you, well, ever winning, then I should not sell it for 1000. So that would imply a deadlock.

To avoid possibly misunderstanding and before you ask : I am “retail trading”. There could be more without you knowing ? (read : the market for your shop may be different than anticipated ?).
Otherwise never mind this subject.

I think it is unfair to think that seller must be selling for millions for his best strategy, because here is not about selling the code thus its Intellectual Property, where you loss the ownership for good, but purely licensing. There is good reason why people would license they best strategy, for example, to gather capital, to have additional passive income, as it is near impossible to have stable $5k/month, if you just have $10k capital, (maybe this month you gain $500, next month $2k), so licensing is 1 way to help with it. It is not to say seller take advantage of subscriber, but it is a win-win attempt. And as seller, likely they want to license their best strategy and not some lousy or over-fitted ones, as there is no point to attract 2 subscribers, receive bad feedback and ruin his reputation. They would also need continue to improve the strategy and support the subscribers for the same reason. Of course, there can be a bad egg in basket (with anything literally), with time, we can be more experience to find out. PS: as disclaimer, I’m not yet seller, but if I do later, this is my thinking, hope it makes sense 🙂

Obviously, people still need to evaluate the strategy, and see if it fits their appetite. If you select a high draw down but good profit strategy, then you need to be ready to accept the draw down, if you selected a strategy with high win rate but big stop loss, then you have to accept the fact that you can face first trade as a loss, but willing to stick to it for a bit more time. I doubt anyone will price hundred thousands $ to their best strategy (and anyone will subscribe too), as no one can be 100% sure they will win the next moment (unless he/she control the whole world), strategy is just to have a better odds, to win more than loss and eventually see profit in a month or two (depends on strategy). If someone price it $100k and tell you sure win, you better run away…(because he is just trying to get $100k from you and run away) 🙂

Hello Nicolas

Will the MarketPlace still open this year?
Or does it continue until all have V11.
I know you have a lot to do but from the announcement until now it is
Have a nice day Almost 1 year has passed.
You’re doing a great job

Have a nice day

Hello,

where I can find the store ?

thanks

Oliver

Hi, new to this post.

Any existing web site to explain how we will be able to market indicators / systems with underlying ideas and code not revealed to the buyers .

B.

gfx