Why trading educators talk about entries 95% of the time?

[Real Money]

Must be like herding cats.

I have a math degree and the thought of teaching a class makes me shudder.

Now, American students....?

Not a chance.

 

[systematictrader]

Good point; it depends on the audience

a) I love teaching, I came from Fortune 500 corporate training background: http://daytradinguniversity.com/clients.htm

b) I focus on smart experienced traders; many of my longtime customers are age 40+ and are pilots, engineers, healthcare professionals etc

totally agree re who wants to learn, I'm not patient enough to work with newbs or lazy gamblers lol

I see
That makes sense

u started coaching trading in 1999? damn
Thats a long time ago

 

[virtusa]

Why trading educators talk about entries 95% of the time?

Because the leverage you can use is defined by the entry price. So entry has a huge impact on returns and risk.
If you say entry is not important, you probably have no clue what I speak about.

A good entry is placed at such a level that, after opening the trade, the price will never or just slightly go in the opposite direction. So, a small open loss.

 

[maxinger]

When I was a newbie trader, I was easily bought in by
sweet smooth talking brokers / trading coaches.
they are snake oil sellers and are expert in selling fridge to the eskimos.
those were the dark days.


It is very easy to achieve say 90% win rate


win 1 tick
win 2 ticks
win 1 tick
win 3 ticks
win 1 tick
win 1 tick
lose 1000 ticks
win 1 tick
win 1 tick
win 2 ticks

different people define win rate differently.
some definitions are definitely not that useful.

if you hear people claiming to have high win rate,
run as far away from him as possible.

Professional traders are not archers.
Archers aim for 100% accuracy.
Professional traders aim for ~ 60% accuracy.
Archers CANNOT be traders.
similarly Educators are not traders.

 

[virtusa]

When I was a newbie trader, I was easily bought in by
sweet smooth talking brokers / trading coaches.
they are snake oil sellers and are expert in selling fridge to the eskimos.
those were the dark days.


It is very easy to achieve say 90% win rate


win 1 tick
win 2 ticks
win 1 tick
win 3 ticks
win 1 tick
win 1 tick
lose 1000 ticks
win 1 tick
win 1 tick
win 2 ticks

different people define win rate differently.
some definitions are definitely not that useful.

if you hear people claiming to have high win rate,
run as far away from him as possible.

Professional traders are not archers.
Archers aim for 100% accuracy.
Professional traders aim for ~ 60% accuracy.
Archers CANNOT be traders.
similarly Educators are not traders.

I was not easily bought in for the simple reason that I educated myself. Never spent any money on books or trading courses. I never understood why people would spent money on these things.
My education was based on simple logic and watching the screen for hours and hours during years.
I discovered myself the importance of a good entry, with hard proof from testing.
I never care about what other people tell. The real successful traders don't tell anything.
I will have to make a few losses now as I am above the 60% of the professionals. That problem is caused by good entries.