Hello danielc1, Do not teach, show traders the bank account sir. CORRECT. I would not listen to a damn thing you talking about with trading unless you show me the money from YOUR trading. And you better be making alot of money. Noone wants to work hard for nothing. And they should give up on you because you are not motivating them to get rich by listening to you. The mindset of a new trader or wanna be trader is to get rich. Show them you rich, they listen. If you show them peanuts, they not going to listen to you. Easy answers for you. 1. Show them your broker account statement from trading, then they will not give up and will commit to work hard for you. 2. After showing them your 3rd party audit track record and broker statements, charge them $5000. Fair exchange. let me know if you need 3rd part audit service to show off to students. If you do not show the student you are making serious money trading, no-one will listen to you or take your serious or put in any hard work to listen to you coach them on how to trade. NO trading student that is serious is taking trading advice from some teacher who is not making serious money. PERIOD. Only newbie naïve trading students get scammed listen to trading theories and work hard talking from trading sellers. Serious traders only follow and listen to serious trading making money. Serious traders do not believe in trading theories, they believe in making money. This WHY ANYONE selling trading courses is NOT making money trading. They hustling new or wannabe traders selling theories and selling dreams. Think about it, why the fuck would I waste time teaching someone how to trade for a cost and I am trading +50ES contracts everyday?? Makes no sense. AND if I wanted to teach someone, I am charging them $20,000 per year for my time. And they only get 2 hours of my time max for coaching. They will listen to me after I show them my bank account with millions. EASY. But again, why waste time teaching, use time to make money
Hello danielc1, If money is not the only motivation, then sell your trading services, trading courses, and trading books for free of charge. Then you not care if student make money or not from your teaching. You just work for free helping traders.
Been there, done that. It just doesn't work for me or for the student. Most student do not commit without money.
I do one better then showing a bankaccount with money, that could come from anywhere. I show them real-time sitting next to me, my trading and the results. Your idea of just scaling to make more, is still in the realm of that money is the only motivation to help someone on his way in trading. I like to talk about trading, hence elitetrader.com. I also like to build relationships with people that are like minded. Nothing do to with money.
Hello danielc1, Exactly. You will only stress yourself, because NOONE wants to work hard and not see instant results in trading. It is just life. This is why I will never ever in my life teach trading, not worth the headache.
Hello danielc1, I hear what you saying buddy. It is very good you want to help traders. It is good thing. But it will be alot work and hassle because each trader personality and goals is different. For example, I only want to teach traders how to get rich from trading. But I will not attempt to do this unless I am rich from trading. I do not want to waste people time.
You missed another opportunity to reach your 1 million with 100 ES contract goal...The 100 point rise is ES after the August nadir two weeks ago. That would have been $500,000. Oops!
Mentoring about a technique is different then selling courses with outlandish claims.. whatever it might be if you can't prove with audited results that "you practice what you preach" it is all BS
Exactly traderjo, Trading theories and Mentoring is like assholes. Everyone has one and they all full of shit and stink. If you selling trading courses with no proof audit track record, you a liar and scammer.
I agree , only exception is perhaps genuine TA courses run by associations. and within accredited Uni . everything else is close to scam if not 100% Scam or perhaps some advance strategy technical but anything with a Ferrari or a island forget it that guy "learn to trade" posts his stupid videos on you tube .. claiming Look I made 200 K today blah blah blah.. any way fools deserved to be conned...