Missed that question from a while ago.
Uh anyone with a track record would be perceived as a scam artist?
Successfully,
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 ( 1-877-465-6641 )
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Why do "profitable" traders take the time to train people remotely and for a fee?
- Thread starter monty21
- Start date
Missed that question from a while ago.
Uh anyone with a track record would be perceived as a scam artist?
Successfully,
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 ( 1-877-465-6641 )
Another bogus analogy if you're comparing this Doyle to Alex.Quote from Spectra:
Nooo that's not it! I think the previous 3 ET threads reached a valid conclusion. That was: people write books and teach because they are frauds and really can't preform their 'tasks' themselves.
Prime Example: Doyle Brunson multi millionaire professional poker player. Conclusion: He can't really play solid poker. Why: He has multiple investments, he teaches classes, he writes books and he has his own web site which generates income. So he is a fraud.
Branching out and diversification. Who needs it!
Geoff - Co-Admin
http://www.PureTick.com
Alex doesn't walk-the-walk, he just talks-the-talk.
Alex has demonstrated no success in real live trading. On the contrary, he is a net loser for the 3 months he's traded the Profit Navigation managed fund. (During this time, the Dow has soared and its almost impossible to find a mutual fund manager who hasn't made money.)
Brunson has made millions playing poker with real money, not the hypothetical, sim account that Alex uses to trade. Brunson's book, speeches and whatever else he does, pales in comparison to the money he's made playing poker.
Alex, on the other hand, earns his money soley from the monthly fees at PureTick, not trading his for his own account.
Stop the charade.
Is that clear Mr. Co-Admin?
Back to the original question: The only reasons why a truly profitable trader would get involved in the education business are (1) because the market offers fewer opportunities now than it did previously; (2) because it is emotionally and physically easier to teach trading than it is to trade; (3) because they find it more interesting to educate than to trade (good trading can be boring at times); (4) because they can make more money educating than they can in trading; and/or (5) because they find more personal satisfaction in teaching others to trade than in making money trading themselves.
Quote from rolextrader:
Yes, especially carnies like you who's track record is hypothetical in the strictest sense and your audited, published track record at Profit Navigation is lousy at best.
I thought we were boring Nazi timex trader.
Like I said only your mother is a boar.
You want a real track record?
Ask Duke if we are real. While you were crying over your $5.00 loss, a real trader was in the real world, making real money.
You are a loser who wants to live in the past and worry about paper track records.
Ask real traders how THEY ARE DOING. Accountants get paid to be accountants they don't trade.
Ask Duke:
11:28:20 {Duke} alex - gonna resign for another year soon, maybe send you & caj champagne - july for me looks like an all time equity high on my account
11:28:42 {Duke} "re-sign" not resign
That is my strategy.
Successfully,
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 ( 1-877-465-6641 )
Quote from monty21:
It's unfortunate how my thread drifted from the main topic and the last pages are just filled with nonsense from a sponsor and his bashers.
The public wants what the public wants.
More and more Puretick.
Hey I think they spent too much time on Michael Jackson but the media gave the public what they wanted.
Successfully,
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)
Quote from monty21:
It's unfortunate how my thread drifted from the main topic and the last pages are just filled with nonsense from a sponsor and his bashers.
I'm not qualified to answer your Q since I am an amateur. Vendors are not amateurs.
I read through your description of your failure to become a successful trader. It may be that failure is a permanent condition and you may know. I can't comment on that either.
One aspect of teaching others is to enable them for additional future contributions. this may be foreign to you as well. You did not get the answer my colleague provided to you either.
trading successfully engenders the successful trader will some skills that can be tranferred to problem solving. Problems are only solved by people who can think properly. The markets offer a unique example of making something avaialble at no tangible cost and only the cost of solving the opportunity that markets represent. There is no way to cheat and make money in trading markets.
A person must clean up his act to get the opportunity to make money in markets. Secondly, a person must know how to learn.
Learning how to learn is an exceptional trait among people. Using this skill and knowledge enables a person to learn to trade successfully. The person's mind goes through a very significant change in this learning the markets process.
The change from before to after is called "differentiation". You may have expereinced becoming differentiated when you learned to read, learned a new language, learned to play an instrument or learned to do Arithematic. You didn't learn to trade and your mind is still poorly differentiated with respect to making money and trading. Poorly differentiated means it is differentiated improperly through learning repeated failure.
Many people in ET are like you are and will be in the future.
there is no shortcut to learning properly regarding trading. the next comments explain this growth process for any good method of trading.
A person must work scientifically along the lines of reaching conclusions from the facts of the matter. The facts have to be available in the first place. Facts are like pieces. A scientist puts the facts together top reach a conclusion. In trading, it is just like how a scientific field is approached, learned and contributed to. One example that is significant is the approach of the medical profession that was pointed out to you and that you did not get.
See one; do one; teach one. fro doctors, of course money is involved.
For teaching trading, it is free because of the future potential the successful trader engenders. He is then groomed for greater things. You, as everyone who reads this, experiences, daily, the results of a person completing this process. Let me give you several examples: the fuel in your car today as compared to when leaded gasolene was used. The water you drink from your local supply. In Philadelphia each glass of tap water has been through at least four toilets and yet it is drinkable. The EIS statement used in your community and everywhere in the US with respect to everything new that is part of business and daily living. Being an expert trader helped make those problem solving efforts more successful.
Creating expert traders makes them avaiable to help others and the cultures of today. Most expert traders work in their communities to help others out. They are an easily recognized local resourse.
Expert traders do not need to do anything full time to have any particular life style. They spend their time in many pursuits and do not work at work places necessarily. Often they have several offices among which they divide their time.
Accumulating wealth for wealth's sake is not on the agenda of an expert trader. Profits are simply put under the control of others who do what is required to solve problems. Being taught to be an expert is simply a step in a larger process.
I regard my criminal citations by the SEC as an expert contribution to the education of the performance of the SEC. they learned more about what is possible and they may have stopped bugging others who were more expert than they.
Could you imagine for a moment what it would be like if government financial decision makers or just enforcers knew anything approaching an expert level of trading? You can't and there is no one in any of the three branches of government that can either.
Right now, the financial industry is going through a major exiting process for many workers. they will take with them the ways of the past. At this time experts make more money than ever before simply as a consequence of their expertese and the increased liquidity and volatility of the markets. The educational institutions are no longer grooming anyone to run the financial industry; they have just proved that what they used to do doesn't work.
Gordon Gecko is making a new movie. It willl probably be just ewht the doctor ordered. Yer one more recitation of what doesn't work. You are surrounded, roughly speaking, and going the wrong way down a one way street.
For me and my colleagues the future has never been brighter. We don't charge admission and what our experts learn enables them to deal with the larger picture. We are in our fourth generation.
Quote from jack hershey:
I'm not qualified to answer your Q since I am an amateur.
I regard my criminal citations by the SEC as an expert contribution to the education of the performance of the SEC.
These 2 parts of your story are most interesting.
What about the SEC?
Can you elaborate?
Successfully,
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 ( 1-877-465-6641 )
Quote from smilingsynic:
Back to the original question: The only reasons why a truly profitable trader would get involved in the education business are (1) because the market offers fewer opportunities now than it did previously; (2) because it is emotionally and physically easier to teach trading than it is to trade; (3) because they find it more interesting to educate than to trade (good trading can be boring at times); (4) because they can make more money educating than they can in trading; and/or (5) because they find more personal satisfaction in teaching others to trade than in making money trading themselves.
I think this sums it up. Although, per #4, just making "more money" (as in "additional") is sufficient for most people.
Law of large numbers is in play everywhere you go. I don't think most people quite grasp how complex and vast a world we live in. There is a somebody doing something somewhere for some reason at every moment of every day. All types of traders and teachers exist - both genuine and deceptive.
So it's not a matter if they exist, it's a matter of identifying the truly deceptive asswipes.
Keep trading.
JScott