how much of your income comes from portfolio management vs your educational business vs other sources?
I manage no portfolios for others.... I'm a publisher of educational content, which is my income source. I trade a lot to test out technical signals, so my content, unlike many of my competitors, is based on lessons learned from recent real money trades. Like deaddog correctly observed, I trade to teach, it's a good way to leverage experience while trading small size, which I advocate.
Do you feel that the small trading sizes hurt your credibility or helps it? obviously compared to bozos driving Lamborghinis claiming to make 1mm/day it helps. But shouldn’t you eat more of your own dog food (to put it in software engineering terms)?
On the surface I think small size trading hurts vs helps credibility because I'm not making outlandish performance claims..... no Lamborghini cars or private jets. But big picture, I think it's responsible, honest and helps to model piker size trading vs 1000s of shares. I hear tales of woe from traders who trade too much size. YouTube bs videos create false hope. The truth is, it's all high risk, so conservative trade management, including starting small size, is important imo.
I agree on the honesty. But given that trading isn't a science, how can you say your methods work when you aren't committing a high amount of capital, like enough to show that you don't need the education side of your business but not so much that the whole thing is a farce?
To each his own. I don't know about scalping but I trade micro/smallcaps in large size quite often. If there is liquidity and there often is when they're moving. If there's liquidity, you're good to go. Youtube "traders" don't really matter, it's nearly all fake and not worth the time.
Good point, however the business has been a success for the last 21 years because traders value learning from all my experience and lessons learned. Like being a helpful golf coach. Ive learned a lot, which I share. No phony performance claims, just practical techniques based on lots of live trades.
im sure the honesty is HIGHLY appreciated. but a golf coach is typically very good at golf and can demonstrate competency in that sport by showing some competitive success (he doesn’t have to be a top ranked PGA tour player - in fact that would make his teaching at the local country club very odd). How does trading small size demonstrate competency if you aren’t willing to commit your own capital to your ideas?
I trade a lot and do commit capital to my ideas, eg $649,000+ worth of trades last year. How many other educators show recent tax return proof they even trade?
Im not denying that you are honest. And I don’t think it’s a badge of honor to hold yourself to those frauds, because you aren’t a fraud. but you and I know that 690k of taxable day trading proceeds isn’t that much. That means that you bought a total of 690k of stock through the year. I would have expected you to do that every day. edit: I tried to PM you but you aren’t accepting PM’s