On the folly of paid mentorship

O

oktiri

Any trader who's ever paid a single cent to "learn" from a trading guru should just back off his trading platform, walk away, reflect what other God given talents he can leverage to make a living; trading ain't it.

If trading gurus were what they proclaimed to be, they'd use their competitive advantage to translate their superior judgement into profits, trading being one of the most scalable activities on the planet, instead of selling their "winning techniques" to naive apprentices 29.99 a pop (or month).

You'd think that candidates for a job in which success depends on superior judgement & rapid synthesizing of information would be good at discerning such a blatant logical disconnect.
 
its not true, depends on what you trade. For example, i trade small caps, the strategy cannot be transplanted to large caps and there is a limit to the liquidity in those stocks.
 
i'm not so sure ...even proven successful pro poker players don't scale into infinity..there are other issues like psychological for instance. a man's got to know his limitations. you play "your game", you don't swing for the fence and your "game" necessarily encompasses the element of BET SIZE & RISK. you might have a proven edge but that automatically mean you can trade 100 contracts as easily 10? or a 1000?
 
Quote from oktiri:

Any trader who's ever paid a single cent to "learn" from a trading guru should just back off his trading platform, walk away, reflect what other God given talents he can leverage to make a living; trading ain't it.

If trading gurus were what they proclaimed to be, they'd use their competitive advantage to translate their superior judgement into profits, trading being one of the most scalable activities on the planet, instead of selling their "winning techniques" to naive apprentices 29.99 a pop (or month).

You'd think that candidates for a job in which success depends on superior judgement & rapid synthesizing of information would be good at discerning such a blatant logical disconnect.
More...

How much does Mr. Market charge for mentorship? If he charged you, did you get a good deal?
 
not me pal.

he charges quite a bit to learn the secrets of never losing.


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