Is Trading Itself a Bad Trade? I Analyzed the Industry- Prove Me Wrong

Robert Morse said:
I agree with SimpleMeLike. I do think that anyone that pays for a mentoring program or course can't expect to just copy what they are taught. The point should be to learn a process. Take from it what works for you and learn from there forward.
More...
Robert Morse,

I agree. The point of the trading course is take LEARN and COMPREHEND from someone who has experience trading and take what they teach and develop my own trading ideas and seek profits. This trading stuff is journey not a race. There is an educational process involved. And its best to get educated first AND trade. If that trading course does not meet the profit goals, buy another, and another and try and try again and again, until one day a trader has his/her own way of trading and no longer needs mentor or additional trading education. They now have their own way how to trade. lol, i certainly would like to hear another approach.
 
SimpleMeLike said:
With all due respect, programming and systematic trading is a complete waste of time if the trader has no actual manual trading experience. Where will he/she get trading ideas from?
More...

Cool. Now I get to disagree with you. I have met and worked with mathematicians that have unique data sets that they believe are predictive models. They need no actual manual trading experience to back test and then test in real trading their theories. Predictive models have attracted a lot on interest from allocators.
 
SLM, the problem is there are few qualified to mentor who would actually do it. Profitable traders don't need the money or are willing to commit the significant time and effort to mentor someone. There are no short cuts, either do the work and yes that includes countless hours studying price development or move on. You've been told this many times and yet you are still looking for short cuts.
 
Robert Morse said:
Cool. Now I get to disagree with you. I have met and worked with mathematicians that have unique data sets that they believe are predictive models. They need no actual manual trading experience to back test and then test in real trading their theories. Predictive models have attracted a lot on interest from allocators.
More...
Robert Morse,

I see what you saying

But, The average trader does not have a math degree and unique data sets. All she/he has is time, hard work and dedication.
 
speedo said:
SLM, the problem is there are few qualified to mentor who would actually do it. Profitable traders don't need the money or are willing to commit the significant time and effort to mentor someone. There are no short cuts, either do the work and yes that includes countless hours studying price development or move on. You've been told this many times and yet you are still looking for short cuts.
More...
speedo,

I agree with everything you said, accept for the "yet you are still looking for short cuts". Where did I state anywhere in this thread, I am looking for a short cut? I am not looking for anything here on this thread. I am just having a friendly and kindly debate.
 
SimpleMeLike said:
d08,

We can agree to disagree on this.

Mentoring is different from providing a trading course. Either way I do not see nothing wrong with buying a trading course(s) for a trader. How else should someone begin or continue to learn, besides staring at the charts all day. The problem is finding quality trading course. Everyone trading journey is different.
More...

Apply logic to determine motivation, not opinion. If the trader is very talented and making good returns (Ms per year), why does he need your $995 for some course that will waste his precious time? Mentoring is even worse because it consumes way more time. I can somewhat understand if he sells courses which are pre-made and additional income with no time requirements.
Time is the most valuable resource and if the trader has the money, he will trade and enjoy life.

You don't hear about Coca-Cola selling courses on "how to create a drinks manufacturing business". They make drinks and make money. This applies to any business.
 
d08 said:
Apply logic to determine motivation, not opinion. If the trader is very talented and making good returns (Ms per year), why does he need your $995 for some course that will waste his precious time? Time is the most valuable resource and if the trader has the money, he will trade and enjoy life.

You don't hear about Coca-Cola selling courses on "how to create a drinks manufacturing business". They make drinks and make money. This applies to any business.
More...
d08,

That's a good logical comment, I personally can not argue or debate with. You are correct. This makes sense. I have no feedback for this because I am not a very talented trader (yet) or a trading course provider.
 
SimpleMeLike said:
zenostiffler,

With all due respect, programming and systematic trading is a complete waste of time if the trader has no actual manual trading experience. Where will he/she get trading ideas from?

systematic or algorithm trading is tool, not an art or skill to making money trading.
More...

I realized early on that systematic trading/program trading is the way to go. I never traded manually nor seriously attempted to (tinkered with it years later but not seriously).

You can get trading ideas from looking at charts, data and simply using your imagination - that's incredibly important. There's plenty of creativity required to come up with ideas.
 
SimpleMeLike said:
d08,

That's a good logical comment, I personally can not argue or debate with. You are correct. This makes sense. I have no feedback for this because I am not a very talented trader (yet) or a trading course provider.
More...

You should rather save your money for actual trading, not waste it on mentoring/courses. Maybe you can strike gold and get an actual mentor who wants no money but simply enjoys teaching or wants to share what he knows but this is incredibly unlikely.
 
You must log in or register to reply here.
Back
Top