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

[Laissez Faire]

So an educator that believe a track records is important, a legitimate "minimum requirement" for his potential costumers, may be able to show a track records possibly over the years, in just one page with an equity line and some metric performance. (without the need to post useless long streak of trades that nobody check)

Any educator who could back his method with a track record would 10X or even 100X his sales if he provided a good track record. Seeing how very few or none do this - we all know why.

That's not to say an educator might not have something of value to teach or put forward to help someone who's new in this business, but at the end of the day who are you to teach someone else if you didn't make it yourself?

Many years back now I was following an educator who I believed to actually be the real deal as he seemed to trade himself. I never gave him any $$$ except for a few e-books. Fast forward a few years later he seemed to be more of a vendor than a trader. I was actually surprised when he in e-mail tried really hard to sell me his private course. Of course, I passed. And later on some fellow student found the performance on one of his mechanical systems which were pretty bad.

Still picked up a few good lessons from him.

 

[Fonz]

Per compliance regs I make no profitability nor performance claims.

For compliance, as you are not an Advisor and you are an educator, you know you can show your own trading details and results. You would then write down the usual "My own broker statement are shown for entertaining only. There are no guarantee that my teaching, my course, etc.... will make you... bablah". If really you don't know.. Just ask a lawyer.

 

[smallfil]

The real, successful traders, the likes of Paul Tudor Jones, Steve Cohen, Ed Seykota do not need income from teaching others to trade. When they already make hundreds of millions or even billions trading the stockmarket, teaching someone to trade is not worth their time. There is a saying, those who know how to trade, trade and those that do not know, teach others to trade. Teaching someone to trade is a very lucrative business, otherwise, you would not have all these trading gurus sprouting like mushrooms out there. Even the great, Timothy Sykes, I have yet, to see his trading records.

 

[VicBee]

These trading sales sites remind me of the gym training sales sites.... all can be found for free on the web, but there are enough people who either want to feel special and treated like a person and willing to pay for someone to cater to their ego, or people who think anything free is poor quality and thus paying for service garanties quality.

 

[VEGASDESERT]

Selling Price Action Trading Courses is seriously EASY money and a good business because price action is subjective and just tell the buyer to keep on working hard when account balance goes to -$X,XXX. And if buyer complains about a trade setup, the seller says, well, you didn't see that head and shoulders pattern forming to the left when you bought support. LMFAO. "well its choppy, do not trade in the chop"

It is really good money in selling trading courses.

So true, lol.

 

[KCalhoun]

The main issue imo is whether or not people selling trading courses a) are actually real traders in the first place, and b) does the training help the buyers

Here's my idea of the trading continuum:

+ millionaire successful trader who makes a lot of money trading, has no desire nor need to be an educator

+ experienced veteran trader who sells courses, chatroom etc, who knows more than his students and helps them improve their skills, as the goal. Has made many winning trades and has had at least one profitable year (I'm here)

+ posers who are educators with little or no real trading experience, who peddle rehashed courses. They're mostly marketers and youtubers. Some try to pass off sim as real. I believe most educators are in this category.

I'm puzzled as to why traders would buy courses from strangers on the internet who have no proof They Even Trade. It's that basic.

 

[tsznecki]

+ experienced veteran trader who sells courses, chatroom etc, who knows more than his students and helps them improve their skills, as the goal. Has made many winning trades and has had at least one profitable year (I'm here)

Ken, you are tooting your own horn a lot in this thread while shitting on a lot of others. Granted you have a point, but you keep this up and a cry to @Baron isn't going to help you with removal of posts that call you out on your own evasiveness.

 

[deaddog]

The main issue imo is whether or not people selling trading courses a) are actually real traders in the first place, and b) does the training help the buyers

You have that backwards;
First and foremost is does the training help the buyers.
Whether the trainer actually trades doesn't matter if the training helps the buyer.

The trainers credibility helps to sell the training.

 

[SimpleMeLike]

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.

Hello Robert Morse,

Question for you:

I am day trader who have never made any money year to year for the past 3 years.

My advice and teaching to other day traders or trying to teach other traders to make money year to year have failed as well.

So I am unsuccessfully making money day trading year to year and I have no proof of anyone I have taught making money year to year.

Question:

1. I just started a teaching trading business where I now I charge $1500 for a trading course I developed on "How to make money day trading, the right way". I have already sold the course to 10 students.

Do you Agree or Disagree with my new teaching trading business?

Please explain why you Agree or Disagree

Thanks.

 

[RedDuke]

Per compliance regs I make no profitability nor performance claims.

and you started this thread why???