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

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.
More...

LOL, how big is that antelope?

To me, "Scataphagos" really knows his Price Action, there are really few traders on this site I exchange PMs or know they trade well. If I was a new trader though, I go with spread trading that @bone has.

There are price action courses and there is Price Action that readers will never read on ET or youtube, there is only one Mona Lisa original painting, same with nuances of price action.

After I won U.S. Trading Championship in 1992 beating all the best with 214%, I went into hiding, didn't know at time I had Asperger's, my father didn't know either most of his life, before head accident he was very gifted intelligence in science and math. I grew up without many emotions most people take for granted, I don't have fears, don't know what is love or have a conscious. I have formulated many rules to try to "fit in". Most of times I been insulted, don't have clue as it don't compute, chalk it up egotistic deranged individual. In 1994 after father died, thought of teaching, did it very different, traders would come to live in my home and trade my $25k till they doubled it and in couple months they go home, did that till someone ruined it and in middle of night he reached goal then intentionally lost 25k, left me a note saying I lived too good and didn't deserve to be paid, and he left. I went back into hiding. After handful of years select people based on criteria based on what they were willing to give up in their lives to work with me for two years. My fees generally came out of profits, students were successful 40%, some would never be able to understand my concepts. I have one student left, he gave up drinking/smoking and most days profitable day trading, and 25 of 25 profitable option selling, am sure is a fluke but he has become very good at price action.
Trading a matter of memory, when not to take trades thereby leaving very low risk and better reward.

Once done with last student, no more, spending few years chatting nearly each day, checking charts, overcoming psychological differences, am just too old, losing memory. Don't PM asking for help.

I am very careful of what I post though, see certain phrases show up on you tube, LOL Starbucks time.
 
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.
More...
It helps but sometimes incredible players can’t teach. I played A level and tried so dam hard to get to Open. My coach was the top 50 year old player on the West Coast. His skills were good, one day I was playing near Solvang after a lesson. Alone hitting the ball against the wall was another player. He asked if I wanted to hit, never in my life was I destroyed by a forty something year old.


He said his “teaching skills were not great” after I asked for a lesson. It was not until his hat and scarf was removed I knew why a twenty year old was crushed by a forty. I got to play a former 1 player! :)
 
Handle123 said:
LOL, how big is that antelope?

To me, "Scataphagos" really knows his Price Action, there are really few traders on this site I exchange PMs or know they trade well. If I was a new trader though, I go with spread trading that @bone has.

There are price action courses and there is Price Action that readers will never read on ET or youtube, there is only one Mona Lisa original painting, same with nuances of price action.

After I won U.S. Trading Championship in 1992 beating all the best with 214%, I went into hiding, didn't know at time I had Asperger's, my father didn't know either most of his life, before head accident he was very gifted intelligence in science and math. I grew up without many emotions most people take for granted, I don't have fears, don't know what is love or have a conscious. I have formulated many rules to try to "fit in". Most of times I been insulted, don't have clue as it don't compute, chalk it up egotistic deranged individual. In 1994 after father died, thought of teaching, did it very different, traders would come to live in my home and trade my $25k till they doubled it and in couple months they go home, did that till someone ruined it and in middle of night he reached goal then intentionally lost 25k, left me a note saying I lived too good and didn't deserve to be paid, and he left. I went back into hiding. After handful of years select people based on criteria based on what they were willing to give up in their lives to work with me for two years. My fees generally came out of profits, students were successful 40%, some would never be able to understand my concepts. I have one student left, he gave up drinking/smoking and most days profitable day trading, and 25 of 25 profitable option selling, am sure is a fluke but he has become very good at price action.
Trading a matter of memory, when not to take trades thereby leaving very low risk and better reward.

Once done with last student, no more, spending few years chatting nearly each day, checking charts, overcoming psychological differences, am just too old, losing memory. Don't PM asking for help.

I am very careful of what I post though, see certain phrases show up on you tube, LOL Starbucks time.
More...

Good Evening Handle123,

Great post and thanks for sharing. Your post have helped me over the years. Very sorry about your bad experience. You are a good man.

Thanks.
 
smallfil said:
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.
More...
%%
Good points. Except all those you mentioned have helped some with their teaching[in the form of books/interviews......... ]
NOT an ad for penny stocks/LOL.
''His '' trading record was not quite as good with his hedge fund, its in his American Hedge Fund book. IBD founder knows how to trade/teach + invest. I've proved that myself, not with small caps so much, as he did. Thanks:caution::caution:
 
KCalhoun said:
...

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...
More...

(Bolding is mine).

Do you follow your own belief? I do not see it on your website anywhere.

Can you send me a PM with your 1099-B statements that proves you are a real trader with "at least 1 profitable year"?
 
murray t turtle said:
%%
Good points. Except all those you mentioned have helped some with their teaching[in the form of books/interviews......... ]
NOT an ad for penny stocks/LOL.
''His '' trading record was not quite as good with his hedge fund, its in his American Hedge Fund book. IBD founder knows how to trade/teach + invest. I've proved that myself, not with small caps so much, as he did. Thanks:caution::caution:
More...

Timothy Sykes actually, ran a hedge fund worth $10 million then, with most of the monies from one of his friends. After substantial losses, he ended up liquidating the hedge fund. He was also, interviewed by a fund manager to handle funds in the millions at the time. The fund manager passed after the interview. Timothy Sykes was in the series Wall Street Warriors if you catch it anywhere it is available. William O'Neill created the Canslim trading system which IBD subscribers use even today.
 
You must log in or register to reply here.
Back
Top