If you have good trade ideas/signals, then why do you not use them yourself? I assume you do not use them yourself because it' does not make sense to share your edge (if you have one). If you do not have an edge, how can you be offering "trade ideas"?
But people who have don’t ask those questions because finding edge in the markets is actually pretty easy. Finding edge that is scalable is the hard part.
For professional traders it doesn’t make much sense to engage in all the small edge trades because it won’t pay more than your opportunity cost if you did something else. For retail traders that constraint isn’t true.
Now, I don’t have any idea if this particular product actually offers good trades, but it’s not true that as a class you can’t make more money selling profitable trades than you can using the trade yourself.
Its different. Not everything scales as nicely and dealing with responsibility is going to become a burden soon. Here you are selling your advice, most likely all traders have similar access to this advice and can perform trades with their own judgement.
This doesn't make sense though, running a fund is not necessarily natural progression of being a successful trader. But if one says they have a real edge that the average retail trader can monetize, then why doesn't one just take advantage of it themselves as this is effectively the lowest size of scale.
Afterwards, realized that twitter had the most solid trading community out of any other platform. So all I've been doing for the last one year is build a community on twitter now (and of ofcourse discord too since everyone's there these days). I try to post ideas from the system every day, and when people see them work and make some money off of them, they subscribe to the paid plan.
Discord has a massive portion of the overall trading community, so I created discord bots to pull data from the web product, and every data item had our logo on it. That helped quite a lot in expanding the brand name and reaching more people. We're in about 250 discords and reach about 100k members in them overall.
Finally, 12 hours of sitting in front of a laptop every day lol.
You say you leveraged your experience with AI. How savvy were you in the trading/finance world when you started?
Ended up building an analytics based platform that uses data analysis techniques to generate trade ideas for retail investors [0]. Started it as a hobby July 2019, but it ended up growing quite big. The plan was to generate about $1k/mo but we are generating about $120k/mo these days with over 3000 paid users. I think I'm the most fortunate person in the world, never in my wildest dreams did I imagine this much.
I still work on it solo and have no plans on hiring a team, because solo is where I have most fun, and that's important.
[0] https://tradytics.com