%% Good points\ but really depends what he is trading. Most people that dont really want to work for some one else do well in a service business . NOT all do Well; but a lot of it really depends on how much you want it I never did care much for jigsaw puzzles; but trees,saws, service business, jigsaws, big saws, little saws\ads and trading/investing are a different deal.......................................................
Coffee With I'm in. Could you please splash a shot of Kahluah in that breakfast latte? Pile of bacon and wayyyy overbuttered toasted english muffin. Side of bacon, bubble water. Ready ready!
So just to get this right. You are of the opinion that professional traders do the same job until they die? They don't retire? They don't move on to other things? They don't just get bored of watching a screen all day watching trying to decide if something is going in 1 of 2 directions and then trading that? Because I know a lot of professionals that just got sick of it or just didn't need that amount of income any more and went on to do other things. Trading is a fairly dull job at the end of the day. Not to those still trying to claw their way to profit thinking it's something that it isn't though. Perhaps all we need to know about you is right here too.
lol Would do - but I'm off to the gym and then straight for a tuna shake, so I don't miss my "anabolic window"....
Ahhh yes, the worldfamous "Bassomatic". Try that baby with canned salmon and of course fried bacon pound for pound. Laripin! Your joints will thank you.
I can only look at this from my point of view, but I assume that this would be the feeling of 95% of people. Getting bored is a real thing, but when you discover keys to the magic kingdom, you have to maximize as much as you can. If you slow down trading too early, in order to do other things, that will clearly make less money, you are now taking a big risk with your future. So you'd like to already be set for life before you retire from trading, and before you can say that you're officially bored. What does set for life mean? Even $5 million isn't much these days. A house can easily be $2 million in just a regular city, and you'd hardly want half of your entire net worth tied up in just real estate for yourself. So realistically, I'd imagine that a trader isn't ready to slow down until perhaps having $10 million in cash sitting in an account. If you don't have this yet, but already 7 figures, then you have to wonder why you're distracting yourself with a job that will clearly pay less. I doubt you can pay an educator 50k per month for his services, and this would only average out to 600k per year. Its of course an amazing sum of money, and something that would set you up for life, and this is perhaps the kind of money a trader wants to be making, but its not like this will be education income. If we assume a partly 5k per month from part time education, we have to wonder why even bother to invest 10, 20 or 30 hours per week when this amount is something a good trader should be making already without the headaches and distractions. The guys who are rich and do something else generally are on youtube, giving free podcasts, or doing other self interest things that earn no income. They focus on improving the world or the life of others because they are already set up for life. So, in conclusion, in order to truly get bored from trading and want to do something else, you have to be really well off, and therefore not even care for a paycheck. But to look for a job like trader education means that this amount of money actually means something to you, hence you need it, hence your trading isn't going so well. You're burnt out from trading, or lost your edge. And since trading is mostly psychological, we would be learning from a guy who no longer has the correct mindset and perhaps expired skills. Peter (I think its Peter), let me ask you this. How much money would you need to walk away from Jigsaw? Don't tell me this is a passion of yours and that you have 50 million sitting in the bank and only do this out of boredom. You're probably living a comfortable life in the East, but you need this income to support your family. If you were able to make 10k per day from the markets, consistently, would you bother with running this business? I don't doubt that you trade, and maybe even have good years, but you haven't hit the jackpot with trading, that I'm sure of. If I had all the money I would ever need, I would show off with my trading. I would come to ET and post a bunch of blotters, call out some trades in real time, fuck around with the posters here. I would act like @destriero actually! I would help when I felt like it, but I would not commit to participating in some structured trading education company. Nobody that rich wants to put this many restrictions on their time and freedom. So its impossible for me to think that an accomplished trader takes any type of trader education job. If they are killing it with trading, the job is an unnecessary distraction. If they are already loaded and retired, its too much work. And if the income from the job is a nice addition to their monthly needs, then they clearly don't have the trading skills necessary to make it as a trader, so why are they teaching? A trader who can make $500 per day from the markets is doing well, but his concern should be maximizing scaling up, not taking time away to teach. He probably needs the security of a different income stream since the stress of trading is too much, but this isn't the type of mindset we want to learn from.