Greetings Again, HTR,
In answering your questions about my friend, he trades because it is his all consuming interest and passion, and he really doesnât need to âworkâ another day in his life. In truth, they will probably have to pry his cold dead hands from his keyboard, when he eventually does pass. For other reasons, his children, and immediate family members, are not that enamored in following his path. I know this to be one of his biggest regrets in life. And, aside from me, he really had no other âkindred spiritâ to share his trading screen experiences with, on a moment-by-moment basis. This âcommunity clubâ has fit the bill perfectly for him.
In my response to you, Iâm sorry that I foolishly assumed that this was similar to your case as well. But I now understand it is not. I now understand that you want to make this endeavor, a full-blown business venture, complete with employees and offices. However, it is my opinion that you need to think long and hard about this decision.
You may start with the idea of sitting at your trading station, in command of all you see. But I can assure you, as one who has been there, and done that, when you start to manage people, rather then managing trades, in addition to taking on the government as an unwitting business partner, you may well live to regret that decision.
In any case, so much for my opinion. I have also learned that a person has to do what is in their heart to do. So in that regard,â¦â¦I say go for it all, and start planning for your own business!
Now in answering your previous questions:
Question #1: Do these people actually trade his money or their own?
Response: The members trade their own money, though I believe a few of them are also using his signals to do trading for their families as well.
Question#2: Is he then more a teacher, than a manager boss?
Response: He is really a consummate passionate teacher at heart. I truly believe he missed his honest calling in life, in that he should have been in front of a classroom, instead of flying jets.
Question#3: What do you think about my last post, with letting people do my trades including teaching them the exit signals?
Response: Personally, if what you do is as mechanical as you say, I would rather have a computer execute my trades, and take the human element out of the equation. Otherwise, these could wind up being some very expensive employees, with their inevitable mistakes that could cost you big bucks. In this way, it would also allow you the luxury of time to experience the vagaries of running your business, with more time to experiment and test out other trading ideas. Youâll also have an office full of highly intelligent âfunctionary statisticiansâ at your beck and call. Your trading brain, and their statistical number crunching capability....could be a winning combination.
Hope these answer what you were looking for.
My Best.
KDASFTG