Educators who Have Zero proof they even trade (99%) - wtf?

Scataphagos said:
You have no idea.

The newsletter awarded a star for each category of "#1 in performance in category over a period"

Of all the stars awarded I got > 50% of ALL of the stars in "all categories" (225 advisory programs like mine)... including 1 yr, 3 yr, 5 yr, and even "lowest risk over 5-years".... My program was even described as "unbelievable.. impossible". In case it were ever valuable (has not been so far... :)), I kept a hard copy of all the results. (My actual results were 41% average annual compounded returns* over 18 years.)

That was then, this is now. However if any ETers want to believe, "I don't know what the HELL I'm talking about, they'd be wise to reconsider.

* That's "tall cotton", if one cares to research it.
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Are you still trading?
 
Dustin said:
Are you still trading?
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Yes. I trade the ES, because I want to make enough $$ to keep my old lady in "booze and shoes". I don't even need to do that. I've got plenty of money to last the rest of my lifetime unless wifey goes nutso on spending on stupid crap... like a couple of years ago, she spent $50k on a brass sculpture of an antelope for our yard... don't want to see too much of THAT!

If I were trying to make a track record of something to impress someone else (which I did years ago), I'd be less cavalier about it.
 
lindq said:
A remedy is to contact those making such claims, and ask for verification. If they don't supply it, they may be guilty of fraud. Report them to the SEC. As a competitor, that is within your rights.
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Has this been done before? Who?
 
Scataphagos said:
Yes. I trade the ES, because I want to make enough $$ to keep my old lady in "booze and shoes". I don't even need to do that. I've got plenty of money to last the rest of my lifetime unless wifey goes nutso on spending on stupid crap... like a couple of years ago, she spent $50k on a brass sculpture of an antelope for our yard... don't want to see too much of THAT!

If I were trying to make a track record of something to impress someone else (which I did years ago), I'd be less cavalier about it.
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Luckily my wife is using her boyfriend's supplementary card
 
traider said:
Luckily my wife is using her boyfriend's supplementary card
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Such a guy wouldn't appeal to my wife. She expects wine that costs at least $5 bottle... that is, no "two-buck Chuck" for her. :)
 
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KCalhoun said:
For over 20 years, I've long said about trading gurus & educators: "if they can't prove they trade, it's just charade"

And yet virtually no educators other than myself and a few others show PnL proof of recent trades.... they're mostly bs posers and marketers.

I'm convinced that many of you would be much better at teaching than the name brand educators, because you have genuine experience.

I'm honestly at a loss to understand why tf would anyone spend any money on courses or chatrooms by my competitors, given most have no tax return or PnL proof that they actually trade real money accounts?

I believe there should be some requirement that educators be required to prove they are real traders with at least 1 profitable year, like me.

Not posers, which unfortunately I honestly believe are most of them. I'm glad to see recent ftc/sec/cftc enforcement actions (thx emmett).

But help me understand..... why don't retail traders think to require proof that educators are real money competent traders? Boggles the mind, big elephant in the room.

Seriously, many of you would imho be much more capable of teaching than the full time poser educators.

And why would anyone believe YouTube videos from scammer educators claiming to make $20,000+ a day? Caveat emptor

Coming from a corporate background (I was a statistician for Ford) it's puzzling to me why an industry populated by non-authentic people is allowed to exist.
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Why does it matter if trading educators trade or not? What is it that you give to the audience that Ross from warrior trading, Tim Sykes, clay trader, and so many others don't already cover?

By you trading real money vs Timmy the high school drop out who lies about the $$$ he makes, does it change the fact that all educators just pretty much give the same kinds of information, more or less? I won't be surprised if some people pay just to be part of the community (i.e chat room). The information is just secondary.

I feel like you educators just regurgitate the same patterns, the same money management and the same psychology materials that you can easily find online I guess the only difference would be which educator can give that ego boost or emotional support to keep the client feel like they're part of something special.
 
lindq said:
A remedy is to contact those making such claims, and ask for verification. If they don't supply it, they may be guilty of fraud. Report them to the SEC. As a competitor, that is within your rights.
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Useless, they have it somewhere on website or agreement that it is all hypothetical and for entertainment purpose only. This is how they get away with it.
 
Robert Morse said:
I'm going to be unpopular by respectfully disagreeing. To me, the purpose of the educator or mentor is to teach a process. To teach a skill and for the trader to take that knowledge and fit that to his/her risk tolerance and account size. A tennis coach does not have to be a top player to teach skills. I think this is no different.
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Actually, I think it's very much different.

Trading is very much different from most other disciplines.

However, if you can show me an educator who can't trade himself, but have at least one, but preferrably multiple successful students, I'd change my mind. :)
 
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