I agree with you 100%
however just like everything in life there are always a few exceptions.
My mentor is a small hedge found manager. The money I give him does not make such a big difference in his life, but he mentors me because he likes to teach/is bored/it's entertaining/makes no difference if I am there since I am not holding him back from doing anything and he is watching the market regardless, alone or with me sitting around.
I had "2 professional mentors" before him and although it helped survive the learning curve, my trading did not improve a lot. This guy is not a mentor and did not want to mentor, but is mentoring now.
I simply feel the same way, if I ever get to the point he is at now, I might just do it, if I feel like it, but certainly not as a full time job.
I just want to trade, not mentor anyone. If one is making money trading there is no reasons to do anything else but trading.
however just like everything in life there are always a few exceptions.
My mentor is a small hedge found manager. The money I give him does not make such a big difference in his life, but he mentors me because he likes to teach/is bored/it's entertaining/makes no difference if I am there since I am not holding him back from doing anything and he is watching the market regardless, alone or with me sitting around.
I had "2 professional mentors" before him and although it helped survive the learning curve, my trading did not improve a lot. This guy is not a mentor and did not want to mentor, but is mentoring now.
I simply feel the same way, if I ever get to the point he is at now, I might just do it, if I feel like it, but certainly not as a full time job.
I just want to trade, not mentor anyone. If one is making money trading there is no reasons to do anything else but trading.
Quote from gambler2075:
It really isn't worth it... the reason that the vast, vast majority of traders who are successful do not mentor is:
a) new traders cannot afford the price of good mentoring
b) Why give away techniques and secrets you spent tens of thousands of hours learning?
trust me, when (if) you get to the point where you are successful enough that you could even consider mentoring for money, then a few thousands per month is not even close to being worth it.
However, if you are not a profitable trader, then of course you would want to try to sell your 'mentoring' by explaining failed techniques.... if they worked, you would just forget about mentoring and would continue to make money using them. But if they never made any money for you, then sure, why not sell them...
g
