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Why do "profitable" traders take the time to train people remotely and for a fee?
- Thread starter monty21
- Start date
Quote from TraderZones:
As I said, these are the same answers provided many times before, to the same question on ET
Again, why don't you do research before over-repeating this??? Seriously. Use the search box - it is not hard
You know if everyone used the search box you would not have a message board to hang out on, it would be empty.
ORIGINAL POST ...................................
I'm interested why so called professional traders are willing to train other individuals, especially if it is remotely and for a fee. It's understandable for a trader to take on a son of a family friend or a passionate kid that contacted his firm. I just don't understand those traders that try to charge money for their guidance and more importantly try to teach people remotely, through a website!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I often pondered that same question many times over and what's even more displeasing is finding out that the majority of these so called professional traders, teachers, authors etc....will not prove to anyone that what they do is even successful. Not a one that I've found will provide a P&L statement or any other means of proving to you that they can demonstrate profitability.
This is the sole reason why I started my trading education business and website. I felt compelled to do the right thing and not only did I trade live with the student I was teaching but I also limited my class size to one person at a time so he or she could benefit better. Every student was shown my P&L and equity curve. In addition,
I researched what the others were charging and I charged less than anybody else in the industry that I could find. My fees were $2600 for 2 days and I paid the hotel expenses.
I tried advertising in active trader magazine and other local venues but would you believe that I had very little responses to my ads and that most people that did call just wanted to hear that I won 90% of the time and that they'd be able to start trading fulltime immediately after taking the 2 day course.
As most everyone on this site knows or will learn that trading takes commitment and personal involvement but people don't want to hear that they just want instant returns. (Who Doesnât?)
So I hope this helps explain why some people might take on the notion of helping traders learn how to trade.
I'm interested why so called professional traders are willing to train other individuals, especially if it is remotely and for a fee. It's understandable for a trader to take on a son of a family friend or a passionate kid that contacted his firm. I just don't understand those traders that try to charge money for their guidance and more importantly try to teach people remotely, through a website!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I often pondered that same question many times over and what's even more displeasing is finding out that the majority of these so called professional traders, teachers, authors etc....will not prove to anyone that what they do is even successful. Not a one that I've found will provide a P&L statement or any other means of proving to you that they can demonstrate profitability.
This is the sole reason why I started my trading education business and website. I felt compelled to do the right thing and not only did I trade live with the student I was teaching but I also limited my class size to one person at a time so he or she could benefit better. Every student was shown my P&L and equity curve. In addition,
I researched what the others were charging and I charged less than anybody else in the industry that I could find. My fees were $2600 for 2 days and I paid the hotel expenses.
I tried advertising in active trader magazine and other local venues but would you believe that I had very little responses to my ads and that most people that did call just wanted to hear that I won 90% of the time and that they'd be able to start trading fulltime immediately after taking the 2 day course.
As most everyone on this site knows or will learn that trading takes commitment and personal involvement but people don't want to hear that they just want instant returns. (Who Doesnât?)
So I hope this helps explain why some people might take on the notion of helping traders learn how to trade.
I came on this post and had to give it some thought. Why would a successfull trader want to teach someone else to trade?
The question is is not easy to answer and there are many reasons. Maybe if we can answer these questions, we might get at the answer:
1. Why do some people like doing social work? What makes them want to do it?
2. Why do we choose different courses, professions?
3. Why do some people like challenges and a tough life while others like an easy life?
The simple answer has to be -- it is a matter of personal choice and liking. Everyone has to get up in the morning and feel like they are making a difference. That is one thing that keeps each of us going.
There are other compelling reasons that go along, but this is the strongest one.
The question is is not easy to answer and there are many reasons. Maybe if we can answer these questions, we might get at the answer:
1. Why do some people like doing social work? What makes them want to do it?
2. Why do we choose different courses, professions?
3. Why do some people like challenges and a tough life while others like an easy life?
The simple answer has to be -- it is a matter of personal choice and liking. Everyone has to get up in the morning and feel like they are making a difference. That is one thing that keeps each of us going.
There are other compelling reasons that go along, but this is the strongest one.
I wanted to learn the business so I went to work for a professional office. I was never able to find a profitable trader willing to help. At least none that really knew how to trade.
I notice that the people who I work with are very generous with their time and efforts. I am sure some of this is personal chemistry and that is the basis of my comment
Traders work in a variety of environments. Clearly they have to protect their proprietary edge. So it is "built-in" that they are isolated from others. I would guess that some of them miss the company of others and simply want more of a relationship to other folks, and certainly there are those who just enjoy teaching.
I notice that the people who I work with are very generous with their time and efforts. I am sure some of this is personal chemistry and that is the basis of my comment
Traders work in a variety of environments. Clearly they have to protect their proprietary edge. So it is "built-in" that they are isolated from others. I would guess that some of them miss the company of others and simply want more of a relationship to other folks, and certainly there are those who just enjoy teaching.
Quote from Spectra:
I will show you mine.
The reason you want to see my Sched C (1099 is if I were an independent contractor for someone) is because you do not believe it is possible to make money trading.
That is the only reason.
I show traders who take my mentorship my statements, if they need to be convinced I know how to trade. If they feel it will rub off perhaps. But they believe before they see---otherwise they would not have forked over the more than $7,000.00 to train with me.
But not one of my statements have ever made a dime for anyone.
Sorry to tell you this. They only make money for me.
For some it is intimidating.
Then I get the "Well no wonder you make money---you have so much."
In the Suzzypig contest I put $2,500.00 into a trading account.
Last July.
And I blew her away.
Why do you think she got so pissed at me.
I demanded the bet be paid off. She reneged.
I still have the statements.
That would be the only way I could prove to you what I have done.
You would not believe the results if I told you.
But all it proves is that "I know how to goddamned trade."
Does not prove that you can learn.
Successfully,
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)
That's why you are down 1.5 %(23 april) since 1 april in your managed account despite the fact that your paper results on Puretick display a profit. You can't hide anymore behind your fake paper profits.
YOU ARE NOTHING BUT A BIG MOUTH, MISTER SCAM.(had that funny feeling when I joined your room)
ppl already replied. most traders are doing it as a source of steady(ier?) income, or a means of second income. in many cases, money from teaching >> money from trading.
there's also teachers who are "profitable", as you say. or barely making money, so the teaching provides their main and real source of income. you can find some who will teach how to trade for several thousand dollars, and if you check on them, find out they failed trading at firm X, and became a lecturer / teacher / author / etc.
i've helped a few people out with trading. varying levels of success, and i wasn't the only source of information for any of them. the level of desire / dedication has to be there, combined with the weird mix of not caring about money and yet making sure to be very disciplined about money management / stops.
personally, i'm not a BSD like some of the people you've associated with. but i don't need to be. i'll take money when "my" setups come along, make lesser money when they don't and i have to keep fishing with tight money management, and go on my merry way.
i do fine, and i'm happy with my life.
there's also teachers who are "profitable", as you say. or barely making money, so the teaching provides their main and real source of income. you can find some who will teach how to trade for several thousand dollars, and if you check on them, find out they failed trading at firm X, and became a lecturer / teacher / author / etc.
i've helped a few people out with trading. varying levels of success, and i wasn't the only source of information for any of them. the level of desire / dedication has to be there, combined with the weird mix of not caring about money and yet making sure to be very disciplined about money management / stops.
personally, i'm not a BSD like some of the people you've associated with. but i don't need to be. i'll take money when "my" setups come along, make lesser money when they don't and i have to keep fishing with tight money management, and go on my merry way.
i do fine, and i'm happy with my life.
You can try out the education provider posted in
http://forex-all-online.blogspot.com/
Its few hunderd dollars only, and makes real money. not much to lose anyway
http://forex-all-online.blogspot.com/
Its few hunderd dollars only, and makes real money. not much to lose anyway
Quote from puretruth:
had that funny feeling when I joined your room)
Actually you dropped out.
I call that quitting.
At least you confess your poor trading to the world.
And hang out with other poor traders.
Why not join Puretick for the long haul. Try not to quit.
What other educational endeavors have you dropped?
High School?
Was math and science too tough?
If you can't see it through you will never be a winner.
Successfully,
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 ( 1-877-465-6641 )