Bone, how many clients have you had over the years? How many do you usually like to take on at one time? Thanks ahead of time.
Keep it up, Tony. Learning to spread trade correctly is truly a valuable skill to learn. I welcome all constructive inquiries and questions.
Jonny, I only take on a handful of clients every few months - depends HIGHLY upon the quality of the applicants, the feedback I receive from references, and is also affected by my own personal work load and existing client commitments. Since I started doing this several years ago, I have taken in about 150 ET Members as clients.
It has grown over the years to be A large amount of content - especially the recorded webinars. It takes new clients 4-5 weeks to get through the initial files distribution.
Hi Bone, Way back on 6/11/14 you wrote regarding paper/SIM trading "Somehow, I consistently find that even the "skin" guys trading live one lots early in the training and development process do not take nearly as many trades as the paper or SIM clients" Then back on Sep 2 you said "I have come to believe over the years that trade selectivity trumps trade frequency." So when you're mentoring people and guiding them to make more SIM trades (quote 1) are you doing that to get them used to seeing setups and to practice managing trades with the idea of the more practice the better? I.e., selectivity not being the goal at this point It seems that this would be a bit different than how one would actually real-money trade where you might want to be selective and cap your number of open trades to not exceed some amount of margin as a percentage of your account size rather than take all the trades that margin would allow. Yes? Thanks
Tony, It really depends upon the demeanor of the individual client - some ( a small percentage ) require encouragement to pull the trigger but most clients will need to acquire selectivity and discrimination through practice, application, and feedback. This is one of those instances where I earn my fee and it really helps to have that individual one-on-one client interaction.
Thanks Bone, A few musings on SIM/paper trading ... I guess when SIM/paper trading you could approach it from the p.o.v. of a) finding and managing lots and lots of trades - kind of practice makes perfect or b) where you're trying to simulate how you'd actually trade where things like account size, margin limits and portfolio diversification and selective trade selection would come into account and affect the number and specific trades you'd take. Off the top of my head I'd think that early on a) might prove more beneficial as your number of reps would be higher. Regards