Option coach,
Since you are one of the few who posted a well-thought out challenge/question I will try to answer in a reasonable manner.
One of the reasons I require a call is to talk to a trader. I want to learn what would motivate a person first, to sign up, second to quit.
It helps me understand a number of things. How someone found us---that is a marketing function.
Sadly for me, the bulk is from Elite Trader. I say sadly because the format I use in ET to get business is to be "in your face, confrontational."
Ask anyone who has done a personal mentorship with me. I am just the opposite. So why at ET? I actually got the idea from Donald Trump.
My mechanic called me one day about a repair issue so I drove out to visit. In my airplane is Donald Trump just BS'ng with my mechanic. He was visiting his son attending the Hill School in Pottstown. We talked on a number of things, including shopping at K-Mart.
He talked about how to build a business with free publicity. Incite the morons was his mantra. I bet he thought that with Rosie O'Donnel.
But I have compiled a list of reasons of why people quit. Not sure what to make of it.
What do you think of a trader who signs up on Monday and when you speak to him he says he has been trading for 2 years since he retired, has been up and down in results but wants to get better, has $200,000 in risk capital and plenty of time. On Friday he quits because he told Cajun he has to take his son to school. Huh. Retired and has a little son?
So I called him. Truth is the guy is near retiring, hates his job at a factory, never traded in his life except to decide the company allocation of his profit sharing (90% was in money market).
He finally said he did not want to sound like an amateur because a "big pro" like me would look down on him. How sad.
I want to help people like that, not look down.
The other side of the coin is the self proclaimed "super trader," the guy trading just a little smaller size than Lewis Borsellino who just happened to want to check out Puretick.
Do you believe that?
NAAAAAHHHHH.
One guy had the temerity to call out a dozen of his own trades then email me that he had the "perfect system" he got from a trader who wanted to have it remain a secret, so "everyone would not ruin it." The hint was that it was a Larry Williams system.
The guy then said he wanted half of my business if I let him make the calls on ES. A week later his card declined on a rebill. When I checked him out in NY, he had filed bankruptcy about a month later.
So you see why I get pissed when loud mouth morons like suzzy the pig, and reavers criticize what they don't know. And where are they when I listen to these absurd excuses.
So until I see evidence of the contrary, I will assume that if a trader on a Monday tells me he is in this for the long haul, that he or she understands what time and effort and money it will take, then on Friday drops out, I will say that person is a quitter.
Not evil. Just a quitter. And there is nothing terrible about that. Better quit than have the market take all the money from that person. We are the same as Yale Law School. If you register for Yale Law school on Monday, and leave on Friday, what term do you want to use for that person? I will use that term if you give me a good euphemism.
Thanks for your question.
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)