Why do they do it?

This is a discussion on Why do they do it? within the General Trading Chat forums, part of the Reception category; Originally Posted by DionysusToast Fair enough. Do you share account statements with your students to show you can 'walk the ...

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Old Jan 26, 2011, 3:13pm   #78
 
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Re: Why do they do it?

Quote:
Originally Posted by DionysusToast View Post
Fair enough.

Do you share account statements with your students to show you can 'walk the walk'?
Yes, I do.

But I'm not prepared to reveal my earnings on the net for the whole world to read. There is already enough information about me on the internet including my name, where I live, where I've worked etc without me needing to show my salary too.

However, I appreciate that people will ask. So I don't have to reveal my full earnings I show a "model account" that was started around the same time I began some teaching. It's real money in a live account but from a small stake so people can chart growth and get an idea of expectation as most people I teach don't start with a huge amount of capital.

I have 11 months of back to back statements in this to show the progress from £800 - £10,000. Forgive me for keeping my cards a little close to my chest, I was once asked to provide a statement of the account I used to get a job in prop. I duly provided it and later found it was used by an applicant to the same firm. (not the cleverest thing to do but there you go)

I do also give names and contact details of references that have been mentored. It's great to know what the guy that is teaching you has done but it's probably more important to see what his students have. Some of them will show their account statements. Bison is one. He went from £2,700 to £65,000 with Interactive Brokers. I see he's also been posting a 16k monthly statement on this forum. I've actually PM'd him to ask him to take this down. He was exceptional and not many will be able to do what he has done so quickly.

In general, though, I do prefer to pass potential interest on to references because I mentor people in a style that suits them. Bison trades in a way that I personally do not and in fact could probably not make money at. Since I taught something I can't do, I'm actually pretty proud of it. I guess he is living testimony that those that can't do, CAN teach others too! :-) At least with regards to a style of trading.

Finally, I do of course call out all my live trades and where I think all the markets are going. And I am happy to let people watch me do this for a few days for free. You can soon discern whether someone can walk the walk or not in this environment.

If after all that they are not satisfied, well, plenty of other vendors out there!

Quote:
Originally Posted by DionysusToast View Post
In fact, as a vendor - could you do that now to show transparency? This could also attract some more students - so not only do we get the point proven about a genuine vendor, you also attract rectruits!
I have no interest in attracting recruits. I've been running a live room for 8 months and I have 14 members. I like it this way because I can get to know all of them and help them properly. As individuals become profitable and leave, more are free to join.

Anyone that is interested will hopefully do their due diligence.

In the meantime, I'd like to get on with posting material on T2W without people worrying I am trying to sell them something. I'm not.
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Last edited by trader_dante; Jan 26, 2011 at 8:22pm.
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Old Jan 26, 2011, 4:09pm   #79
Joined Nov 2008
Re: Why do they do it?

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Originally Posted by trader_dante View Post
I do also give names and contact details of references that have been mentored. It's great to know what the guy that is teaching you has done but it's probably more important to see what his students have. Some of them will show their account statements. Bison is one. He went from £2,700 to £65,000 with Interactive Brokers.
In 8 months? Really?
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Old Jan 26, 2011, 4:36pm   #80
 
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Re: Why do they do it?

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Originally Posted by Black Swan View Post
In 8 months? Really?
hehe TDs not going to be happy with me..
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Old Jan 26, 2011, 4:56pm   #81
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Re: Why do they do it?

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hehe TDs not going to be happy with me..
Au contraire, I'm sure he is... Nice 'work' btw.
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Old Jan 26, 2011, 5:04pm   #82
 
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Re: Why do they do it?

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hehe TDs not going to be happy with me..
Let me take a wild guess - TD may have much more than 14 subscribers after your post.

BTW I've never seen this sort of results before - amazing. Congratulations!
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Old Jan 26, 2011, 5:20pm   #83
 
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Re: Why do they do it?

Yup - excellent results.
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I cannot see., however why we should expect to find a "system" which will work in the stock market; surely the possibilities of profits for the student justify the time and effort required to learn market interpretation.

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Old Jan 26, 2011, 6:26pm   #84
 
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Re: Why do they do it?

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Originally Posted by BlackBison View Post
hehe TDs not going to be happy with me..
You clearly aren't superstitious. Some might have feared that posting something like this might affect their "mojo".


Nice going anyway, and I hope it continues.
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