I see this quote a lot, particularly in regard to those flogging black box systems for many thousands of dollars.
Is this essentially a truism?
If a black box system could generate consistent profits, why would it need to be sold? Why wouldn't the developers make their fortunes by simply trading the system themselves?
Selling something to a lot of people takes a lot of energy and money. Seminars need to be arranged. Venues need to be booked. Salesmen need to be employed. The essential infrastructure of a business needs to be set up: office, P.O. Box, phone, website, and so on, and so on...
Has anyone here actually made consistent profits from following entry/exit signals from a black box system or are they all basically rubbish? If they are, why hasn't ASIC cracked down on the spruikers selling these black box systems to ordinary Aussies from anywhere from $5,000 to $10,000+?
Would be very interested in hearing people's opinions.