Your welcome, and if you want to post your last 50 losing trades, I will then tell you what I really think! I do not need to see any of your winning trades! J_S
These are my last questions... Yes, I'm aware of that. Therefore, you suggesting you're working with both types of firms (firms requiring the trader to put up some money and firms that does not have such a requirement) ? I ask because you did not use a "plural" statement in your opening post. In fact, you specifically stated a prop firm in Chicago as if you're talking about one firm only. If so, does that specific firm you're talking about require a trader to put up funds ? Ok...so the traders you've managed so far live outside the states and are trading remotely with the prop firm in Chicago and they barely speak English ? You do realize the connection between someone that can barely speak English with someone that can barely "read" or "write" English...there's a strong connection just in case you didn't know. Curious how you can verify via only their trade journal that they are ready to be recommended to a prop firm in Chicago considering all the teaching is online without any screen sharing. Does this implies you yourself will "not" be teaching via real money trading and that you will only be doing "demo trading" during the apprenticeship ? I ask the above about real money trading is because you did mention that such would not occur until after the demo education (6 months to a year). Therefore, considering you did mention real money trading...I'm assuming you're the one that will be doing such (real money trading) in your own trading account. Will you be doing such while remotely trading with the prop firm in Chicago considering that's basically what you're student will be doing from outside the states...trading remotely with the prop firm in Chicago ? P.S. English is my 2nd language and many here at ET tells me its horrible and that includes telling me I have a bad writing style that's barely readable.
1. No 2. He can read and write in English 3. You are assuming that in order to learn to trade the student needs to see the teacher trading live but that is not really necessary. From my perspective for all that a person needs to trade correctly is to develop a plan test it and follow it but from my experience people don't know how to do that that's what I am going to teach. I will not teach a trading system nor suggest trades or trading Tips.
Don't let these folks grind you down-- particullarly the verbose canadian who will grind u down just reading that tricky lanquage designed to trap you. Just go for it and maybe someone will find value. Good luck! surf
What exactly do you do? Do you sell weekly reports, or have a private trading group, or what? You seem to pop up whenever the gullible public are mentioned! Who in their right mind would need a stupid report based on some fool writing his ridiculous thoughts! I find it hard to believe people are so thick! J_S
Here's what I don't get. In the OP you say some kind soul taught you how to trade and you're obligated to pay it forward. Well, why not just teach the method you're using instead of expecting your students to develop their own, which we all know has a high failure rate? 98% in the case of your first class.
Because I don't think that Copying someone else's method helps someone to grow as a trader. And yes the failure rate is huge but those who finally succeed don't have the need of following anyone else for the rest of their lifes.
Ok, you got to the point...no funds will be asked to join the prop firm in Chicago after you've recommended the trader to it. Actually, I made no assumption. You specifically stated real money trading will occur after the 6 month to 1 year apprenticeship. I just wanted you to clarify what that meant and whom will be doing such. You've now clarify it will be the student and not you doing any real money trading. Regardless, if you say 2% you've worked with...its much better than saying nobody has made it. Thus, I will now "assume" they are still working in Chicago at the firm as successful traders. Simply, you only need just one to show what you're doing works because the psychological barrier from demo trading to real money trading is a huge barrier for any trader via any route to profitable trading. In addition, I was clear that successful trading involves much more than trade signals. Thus, I had no expectations that's what you're doing but I do strongly believe that all that other stuff outside of trade signals... It can only be learned on your on or learned via an extended in person training...that's what I call real mentoring (apprenticeship). Yet, you're able to get around that successfully...congrats. By the way, the questions I ask are very reasonable considering you're opening statement lacked many details...details that you've now answered. In fact, if you ever work with someone that does not ask those types of questions...its probably not someone you want to be working with. Good luck.
It's clear you're a discretionary trader. I can teach my mechanical system to a computer or a bright child and they'd both be successful. It's cookbook stuff once a valid systematic plan is laid out. Whenever the necessity of discipline comes up, it's a dead giveaway the trading plan being discussed is discretionary, not mechanical.
I'm 44, no matter how much someone may show me a different way of doings things, I will still gravitate towards my own learning curve and comfort zone. Its pretty pointless unless you have someone with a clean slate. Clean slates will absorb preconstructed methodology. At my present stage, my mind is fixed and will only assimilate related ideas to the construct already created. I think the OP realizes this and knows no matter how much he tries to teach his method, people will gravitate towards their own concepts/learning curves. Thus developing their own trading constructs.