there is. For example, if I preach buy low sell high to 100 students, there will be one student later on becomes a successful trader. Dude, It is statistics that governs.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.
Educators who Have Zero proof they even trade (99%) - wtf?
- Thread starter KCalhoun
- Start date
Uh oh..what a can of worms you opened here Mr Morse! Did Tiger Woods have a coach? Could his coach play at least as good as Tiger? Is Tiger hiding a secret? Or can we all see him play and openly see his strategies? How come most of us will never be able to duplicate Tiger?
Shall we go on to Tom Brady?
What about coach Saban of Alabama? Can he play football or does he just produce winners?
Did Brady excel without the SIM practice? Football has a SIM too. It is the daily practice field. Should we tell traders to SIM? Did Montana have to practice way more than he played?
Wow what a can of worms Mr Morse. Now what?
There is a huge difference between a coach and an educator.
A trading psychology type coach does not necessarily need to be an active trader, because they focus on the mental aspects like discipline. Though I think it would help if they traded.
But an educator must be a genuine real trader with experience and unique, useful new strategies to teach, preferably with live market examples of real trades, explained.
Otherwise you get the shitshow that is what you see in 99% of the trader education industry with regurgitated bs patterns and indicators that don't work.
I reiterate, I think educators should be real traders, with recent proof, vs posers. Period. Authenticity counts.
@ Ken C...and others....My father-in-law (may he rest in peace) used to say "do what I say do, not what I do" ROFL
He was actually a pretty good farmer. I wish he was around to give me some pointers on my garden.
Some folks can do but cannot explain the ins and outs of their doings. Others can explain everything about something but can't actually do it, or maybe I should say, have never done it.
Yesterday, my wife cooked up some dandy... real... chicken soup. But she worked hard outside too. I asked at the supper bar "how do you make your soup?" She started to tell me then abruptly stopped and just simply said "I'm tired." I still don't know her chicken soup process. I need some educating. Think a trip to Dillards might get me some educating from her?
All the educators I know, never once showed me a years worth of real trades. And I have read and astudied a plenty. But I really don't care. I can test out their ideas and concepts for myself. Of course most want a few $$$ for the info. I don't mind a few but I ain't paying $10,000.00 for something that has probably already been done and said aplenty. Record or no record.
Mr Brooks dishes out way more info and expertise than any educator I have ever dealt with and what I paid for his materials was WELL worth it to me. I have all his books in hardback and digital versions except for his first book..I don't have his first book digitally but I do have it in hardback. I have his entire video course. For less than $500.00 I got all that, and more too. I have never seen a real verified trading record from him. But...... I have proved for myself his concepts work. At least for me. Others, can't stand him. All I can say is they are alienating themselves from some good trading concepts IMO.
Educators and coaches are good for the field of trading. I just would not spend a bunch on stuff that has already been taught over and over in different ways.
I don't really care if an educator or coach can themselves do what they teach or train others to do. As long as they ain't charging mountains of cash I don't mind dishing out a few bucks here and there then testing their ideas out.
I have learned a lot from others. Some good...some bad....but generally all useful. Even the bad showed me "how" not to do something so it was worth it.
I really want that chicken soup recipe. Is it gonna cost me some big bucks?
He was actually a pretty good farmer. I wish he was around to give me some pointers on my garden.
Some folks can do but cannot explain the ins and outs of their doings. Others can explain everything about something but can't actually do it, or maybe I should say, have never done it.
Yesterday, my wife cooked up some dandy... real... chicken soup. But she worked hard outside too. I asked at the supper bar "how do you make your soup?" She started to tell me then abruptly stopped and just simply said "I'm tired." I still don't know her chicken soup process. I need some educating. Think a trip to Dillards might get me some educating from her?
All the educators I know, never once showed me a years worth of real trades. And I have read and astudied a plenty. But I really don't care. I can test out their ideas and concepts for myself. Of course most want a few $$$ for the info. I don't mind a few but I ain't paying $10,000.00 for something that has probably already been done and said aplenty. Record or no record.
Mr Brooks dishes out way more info and expertise than any educator I have ever dealt with and what I paid for his materials was WELL worth it to me. I have all his books in hardback and digital versions except for his first book..I don't have his first book digitally but I do have it in hardback. I have his entire video course. For less than $500.00 I got all that, and more too. I have never seen a real verified trading record from him. But...... I have proved for myself his concepts work. At least for me. Others, can't stand him. All I can say is they are alienating themselves from some good trading concepts IMO.
Educators and coaches are good for the field of trading. I just would not spend a bunch on stuff that has already been taught over and over in different ways.
I don't really care if an educator or coach can themselves do what they teach or train others to do. As long as they ain't charging mountains of cash I don't mind dishing out a few bucks here and there then testing their ideas out.
I have learned a lot from others. Some good...some bad....but generally all useful. Even the bad showed me "how" not to do something so it was worth it.
I really want that chicken soup recipe. Is it gonna cost me some big bucks?
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MattZ
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The real question is whether the experience of the students who come from educators who know things theoretically or whether they come from the school of real traders with positive returns would see different results. I don't think so. Most people would fall back on what the human race does in trading: overleverage, over trade, try to recover losses with "vengeance" and all the other pitfalls that occur until you say enough is enough and you try to develop an edge.
Either way, you will fall on your face, as we all did. The tools and discipline you use to get yourself back up will make all the difference.
As to Ken's questions "why?" Because every beginner trader buys everything and thinks the more he spends the more he will see in return failing to realize that NOTHING beats personal experience and skin in the game.
Either way, you will fall on your face, as we all did. The tools and discipline you use to get yourself back up will make all the difference.
As to Ken's questions "why?" Because every beginner trader buys everything and thinks the more he spends the more he will see in return failing to realize that NOTHING beats personal experience and skin in the game.
Good points, there's lots published out there and some of the content may help with basic trading insights.
I'm against overpriced slickly marketed bs sold by phonies who aren't even traders. They create indicators or rehashed courses, create a fancy sounding name and market it.
Seriously, at least Before buying anything from a trading educator, ask them to at Least show a screencap from their broker proving they traded a live not sim account recently. That would (correctly) see who is genuinely at least really trading.
I think a lot of traders lose because they trust the well known names, many of whom are marketers/posers vs real traders. It's a bit surprising people don't vet who they learn from, imho.
You wouldn't hire a golf pro as your educator until you saw him hit the ball (hopefully very well), right???
Right, Matt.... I was saying something similar to my chatroom members today.... nothing beats seat time in front of the charts for years. Great point.
I'm against overpriced slickly marketed bs sold by phonies who aren't even traders. They create indicators or rehashed courses, create a fancy sounding name and market it.
Seriously, at least Before buying anything from a trading educator, ask them to at Least show a screencap from their broker proving they traded a live not sim account recently. That would (correctly) see who is genuinely at least really trading.
I think a lot of traders lose because they trust the well known names, many of whom are marketers/posers vs real traders. It's a bit surprising people don't vet who they learn from, imho.
You wouldn't hire a golf pro as your educator until you saw him hit the ball (hopefully very well), right???
Right, Matt.... I was saying something similar to my chatroom members today.... nothing beats seat time in front of the charts for years. Great point.
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Ran into a Pro in Arizona who instructed from a wheel chair.
Another one; is believing the marketing hype we come across day by day.
I think the #1 problem many face including myself falling into this trap, is the marketing nonsense about gold, crypto, options, binary options, software and the news which is slanted or incomplete or just plain baseless.
The higher the market runs the higher the noise.
To this post and the 21 before it, (I stopped there and didn't read the rest)....
Ya'll are dummies.
The best "mentors" out there....
...they don't charge.
They don't need to, nor would they...
....even if they needed the money.
duh.