Fear and delusion

Quote from Pension_Admin:

Pension Admin is correct. edtradernyc need to pay up. I have received flight training lessons from PA and now I am a fully licensed pilot working at Amercan Airline. Without the help of PA, I wouldn't be where I wanted to be. Picking PA to be my flight instructor/mentor/leader was the best choice I have ever made in my entire life. I just wish I knew PA sooner.


Sincerely,


PilotDude (not a shill and not PA himself)
Student of PA who is just using PA's computer.
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Ahh.. Speaking for yourself huh?

Odd you do that, only insecure people who don't have much of a following "speak for themselves in third person"...

Your analogy is stupid and your kiddie-like logic is very dull.

You're trying to say anyone can teach trading with no brain.. Not the case for mentors who have spent years learning the markets and deserve respect unlike you, who is trying to mock one..

Big difference, Pension Admin and I'm sure Qwerty will have much to say on this dumb matter you raise as well.
 
Quote from Trapper:

Quote from tomdavis:

I NEVER said a mentor or teacher shouldn't charge for his time. It's perfectly appropriate to pay a teacher. I pay my flight instructor, I pay my golf coach, I pay my daughter's ballet teacher. I'm happy to do so. But I didn't agree to pay them until I knew they were accomplished in their fields

Nice post!

Best regards,

Trapper
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Ahh, peddling roses for Tomdavis, eh?

Why not share your own insight into the matter instead of make a two sentence "love note" about Tom Davis, huh? Or are you not informed enough yet?
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Quote from edtradernyc:

Ahh.. Speaking for yourself huh?

Odd you do that, only insecure people who don't have much of a following "speak for themselves in third person"...
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You should speak for yourself, Qwerty! lol
 
Quote from edtradernyc:

Interesting you say that, tomdavis.. Even though I've lost a lot of money trading, I still know that the right mentor could make the biggest difference in the world. The student has his own mind to make up and that gets done well before they pay any mentor(fraud or not).. It's mainly the student's responsibility to do the due dilligence and if he fails to, he is the only one to blame.

Mentoring is legal at least in Currencies(Forex).. If someone wants to teach someone how to make money in it, they very well can no matter what there track record may suggest.

It's entirely up to the student to determine whether or not that mentor is credible and if he /she is not, they can find that out by doing a free trial basis with the mentor first with no money down.

But yes, Tom davis, everything Qwerty says is right on the money. Money should be given(as compensation for time) if the mentor(with no track record but successful trading results) gives his time and energy to bring that student up to a level he/she may never have been at before(according to you) or maybe the mentor wants a lighter schedule away from trading and wishes to ease his time helping others out.. there's not always mal intent for wanting to teach people markets nor does it mean the mentor is secretly overcompensating for his failed past, maybe he just likes doing what he does and let's keep it at that.

The analogy with the music teacher is really moot with trading.. Playing an instrument and learning to trade a volatile market are two different things.. One thing can be taught to perfection in time while the other may have much uncertainty in the long term.. No matter how good or skilled the mentor is, it's up to the student to fulfill his mentor's wishes and perform well, but not every market setup is created equal and there is plenty of room for error unlike a music student admitted to Carnegie Hall to play on the grand stage.. Mastery in playing music is different than Mastery in trading.. So that analogy isn't even relevant..

It's all about an odds game with trading and if the teacher(with no track record) teaches the student to perform well after a free trial basis, there is nothing wrong with a quid pro quo like relationship between the two.
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First, and I repeat, I NEVER said mentors shouldn't get paid. Only unqualified mentors shoudn't get paid.

Second, I've been trading for a living for over 17 years and I'm just trying to save beginners the pain and heartache of getting ripped off by phony mentors-for-hire. This industry is littered with failed traders who can't make a living by trading so they try to pawn themselves off as mentors. If beginners want to hire them, that's their choice. If you want to hire a mentor who can't make a living as a trader, that's your decision.

After attending dozens of conventions, expos, classes and meetings, and talking to hundreds of traders, I've heard scores of horror stories and never a single success story when it comes to "mentors-for-hire." You see, when I first started out, I tried to find a mentor, also. It's only natural. But I could never find a mentor with a verified history of success, so I taught myself.

Maybe you will be the exception and find a mentor who will lead you to consistent profitability. I wish you the best of luck in your trading.
 
Quote from Pension_Admin:

PA is correct. edtradernyc is Qwerty!


PilotDude (not PA. PilotDude is PilotDude)
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No, um, I'm not! I am edtradernyc! Look at me.. I am from NYC and my name is Ed.. Not QWERTY. That's a stupid name.. It's the name of a keyboard.. I have far more intellect than using the name "QWERTY" on an online message board, sheesh!
 
Quote from tomdavis:

First, and I repeat, mentors shouldn't get paid. Only unqualified mentors shoudn't get paid.

Second, I've been trading for a living for over 17 years and I'm just trying to save beginners the pain and heartache of getting ripped off by phony mentors-for-hire. This industry is littered with failed traders who can't make a living by trading so they try to pawn themselves off as mentors. If beginners want to hire them, that's their choice. If you want to hire a mentor who can't make a living as a trader, that's your decision.

After attending dozens of conventions, expos, classes and meetings, and talking to hundreds of traders, I've heard scores of horror stories and never a single success story when it comes to "mentors-for-hire." You see, when I first started out, I tried to find a mentor, also. It's only natural. But I could never find a mentor with a verified history of success, so I taught myself.

Maybe you will be the exception and find a mentor who will lead you to consistent profitability. I wish you the best of luck in your trading.
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You think it's ok to put down those who have no education or what you deem "qualifications".. But guess what, Tomdavis? There ARE indeed competent trading mentors out there who went through lots of blood sweat and tears to get good that are JUST as capable as those with those super important "qualifications" as you deem them..

Think about it.. Not everyone who is unqualified is a fraud like you imply, TomDavis... May want to rethink that one before you embarrass yourself even further, lol.
 
Quote from tomdavis:

It does not require legislation, only that beginning traders wanting a mentor demand proof that the mentor really has a profitable trading track record BEFORE they hand over any money. That will put the frauds and scammers out of business.
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The point that i was making tomdavis was that at this time, the law cannot impose your ideal or so called fanciful notion of requiring all trading advisors to show documentation, the act alone of formulating an arrangement between a mentor and a student does not require legislation, you missed the point of what i said entirely, good going tomdavis, nor i have not emphasized or have i encouraged for a potential student to send money FIRST or BEFORE education begins.
 
Quote from edtradernyc:

There ARE indeed competent trading mentors out there who went through lots of blood sweat and tears to get good that are JUST as capable as those with those super important "qualifications" as you deem them..
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Name three mentors who have the ability to trade for a living year in and year out. Really, I'm serious, because I know several people who have been burned by so-called mentors in the past and are looking for the real-deal mentors. They're ready to sign up today. I don't have time to help these people, so please post the names and contact information of qualified mentors.

And by the way, if you're going to quote me, please don't edit my words. The correct quote is: "I NEVER said mentor's shouldn't get paid."
 
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