Then why are there trading teachers? And how would a newcomer know that a guru is "adequate in teaching?" What would be the basis for this determination? A flashy web site? Glowing testimonials? A fool and his money...
I could not possibly imagine charging a fee to tutor strangers at seminars in the fine art of trading. If asked why I think that most people fail at trading, my inclination would be because they fail to take responsibility for themselves and the consequence of their actions. And these are the people who are most likely to be attracted to trading seminars and you are the person most likely to cop the blame for their ineptitude. Here on ET, I have no email or PM contact available. Anything worth saying to me should be said in the threads. Why you may ask... Well my occasionally my mutterings seemed to hit a cord with some people and they would PM me asking for the product of my many thousands of hours of thought and observations spread over twelve years. It was not mean spiritedness on my part that switched off my PM contact in the end, but rather the fact that they would be back the next day telling me that things were not working for them despite the fact they devoted a full couple of hours to the subject in hand. Anyway, I enjoy doing what I do and that is why I would never ruin my life offering fee paying seminars. regards f9
Newcomer shouldn't know. That's the whole fun part of the process. The newcomer shouldn't be influenced by an "adequate teacher". Their minds should be an open book.. fluid and dynamic like the market itself and nimble and flowing like a river. There are no adequate teachers or methods. The new comer should eventually understand that he or she should dig within themselves to find if they are "adequate" and worthy to be a trader.
Spending money indiscriminately on "instruction?" And should the wallet also be open and fluid, with its hard-earned contents flowing down the drain? But not until they have spent themselves silly on "adequate" instruction, right? You're thinking of becoming a trading coach, aren't you? And, no doubt, you take umbrage at the notion of subjecting your P&L to scrutiny.
Professional traders don't give seminars. Their edge is worth far more than they could collect at a seminar. Pay for a seminar = wasted money. Period.
I'm sure your $9,999 is well spend on me. Let me just say that.. I'm glad that I wasn't influenced by an "adequate" trading teacher. My mind was open, fluid, and dynamic to uncover a method that truly worked. It was HARD, EXPENSIVE, and TIME CONSUMING, and I would never recommend my way to anyone. I was able to do a Phd in Trading because I was still in college. But, I understand that most are not afforded that situation, and listenting to my advice on how to be a good trader would be fatal for them. SORRY.. I hope the end reader is capable to wading through posts to uncover advice that best fits them.
Nice post Brandon. As Rich Dennis said "you could publish trading rules in the newspaper and no one would follow them." BTW: I'm glad you're feeling better. I've only met you once but you were in my prayers......