Steve,
Wise counsel for which many thanks.
If anyone thinks that I am a menace, pointing to various sites, please say so.
But with Steve's wise counsel added, it is perhaps still educational as to possibilities. I for one am sticking with Concept. I have faith, but it is only faith, and I do not want to become obsessive about it, because clearly there are other possible options, and some a lot cheaper to boot.
Also visions of eggs in a basket keep popping up!
Remember that, although we have paid Concept up front for the first year, with supposedly "free data" for a year, in following years we will have to pay for the "data". So effectively the initial huge outlay is really for a service duration of one year only. If you do not continue with the annual subscription for data, your "capital outlay" depreciates to ZERO at the end of the first year! Furthermore (unless I have missed something) there is no absolute certainty that the service will continue either during the first year, or subsequently. And if you have not recovered the outlay within 12 months, you have really lost out. The misleading thing about Concept is that you thought you were making a capital purchase of trading software. You haven't. You have in reality bought one year of "educational" trading signals which are delivered through dedicated client software. It could as easily (actually more easily) have been delivered through email, text or your browser. And apart from the cost issue, there is the inconvenient fact that you are tied to the PC on which you have the "software". There is no way you can get the signals without it, unless you phone or email a fellow user. Concept made it clear to me that they have no intention of delivering signals except through their software.
Steve, given your exemplary business attitude, would you say 100% depreciation over 1 year, with no guarantees that you will reach break-even in that time, made sense? Do not most businesses need around 3 years to break-even?
I have no personal regrets about buying in. It is proving to be very educational, not least because of this thread, and has re-invigorated my trading attitude. I also believe that the signals themselves will prove profitable.
But peeps should think about what I say above.
