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 the hare I simply dont get it. why would a trader need to charge $200 an hour ...

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Old Feb 7, 2011, 12:45am   #361
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Re: Why do they do it?

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Originally Posted by the hare View Post
I simply dont get it. why would a trader need to charge $200 an hour ?

Its absolutely pathetic. You mentor people who deserve help for free.
Pathetic is harsh.

Things are not always black and white. Some people just like people.

The first thing that comes to my head is Marcel’s wife saying, “You never spend any time with me, and you are giving your time away for free to these traders, Huuh.”
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Old Feb 7, 2011, 1:17am   #362
 
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Re: Why do they do it?

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Originally Posted by the hare View Post
I simply dont get it. why would a trader need to charge $200 an hour ?

Its absolutely pathetic. You mentor people who deserve help for free.
because someone else's stupid enough to be willing to pay it?
surely that's the first lesson about markets
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Old Feb 7, 2011, 1:39am   #363
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Re: Why do they do it?

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because someone else's stupid enough to be willing to pay it?
surely that's the first lesson about markets
I would not call any trader good enough to get into the Market Wizards books “stupid”
They are quite happy to talk about coaching they have received.
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Old Feb 7, 2011, 1:42am   #364
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Re: Why do they do it?

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I cannot tell if you are tongue in cheek here.

Do you honestly think that b. is less grief than a?

If this is your honest opinion then I would put money on the fact you have never done a business start-up, employing and managing staff, either that or you are a top banana who gets your HR Dept. to do that for you.

I cannot believe I have been drawn into T2W semantic Lulz
You'd lose your money. I've created/funded/exited many start ups..
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Old Feb 7, 2011, 1:46am   #365
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Re: Why do they do it?

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You'd lose your money. I've created/funded/exited many start ups..
Ok I was right then and you are a Top Banana.

But do you honestly find managing people less grief than not managing people?

Last edited by Jason101; Feb 7, 2011 at 2:15am.
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Old Feb 7, 2011, 4:45am   #366
 
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Re: Why do they do it?

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Ok I was right then and you are a Top Banana.
Someone borrow Tom's ruler and measure his banana.

"The twelve inch ruler, I think nurse ..."
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Old Feb 7, 2011, 6:19am   #367
 
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Re: Why do they do it?

More like...
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Old Feb 7, 2011, 6:22am   #368
 
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Re: Why do they do it?

And just so Dion doesn't feel left out.....

I'm just messssssssing I love you all
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Old Feb 7, 2011, 8:03am   #369
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Re: Why do they do it?

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You'd lose your money. I've created/funded/exited many start ups..
There is no money to lose in setting up a trading mentoring/vendor business.
The website might cost you a little but it's negligible.
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Old Feb 7, 2011, 9:12am   #370
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Re: Why do they do it?

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Ok I was right then and you are a Top Banana.

But do you honestly find managing people less grief than not managing people?
<sigh>, let's not miss the point and keep the post I made on thread heh? The suggestion is/was if you were (for example) a spectacularly successful FX trader would you a. trade and be a vendor/coach or b. use your recorded performance to obtain significant investment to mentor interns/grads in your proven methods and build up a respected firm/business that you could exit for a significant sum?
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Old Feb 7, 2011, 9:19am   #371
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Re: Why do they do it?

definately not a)
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Old Feb 7, 2011, 9:52am   #372
 
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Re: Why do they do it?

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<sigh>, let's not miss the point and keep the post I made on thread heh? The suggestion is/was if you were (for example) a spectacularly successful FX trader would you a. trade and be a vendor/coach or b. use your recorded performance to obtain significant investment to mentor interns/grads in your proven methods and build up a respected firm/business that you could exit for a significant sum?

It's too bad WASP isn't around to answer that.
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Old Feb 7, 2011, 1:15pm   #373
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Re: Why do they do it?

Is it a) or b)? Or was it rhetorical??
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Old Feb 7, 2011, 1:50pm   #374
 
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Re: Why do they do it?

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Is it a) or b)? Or was it rhetorical??
It's B.

You obtain significant investment to mentor interns/grads in a reputable business.

Then the ones you can't get profitable you pass over to the few A's who CAN do the job.

Hi, arabiannights ;-)
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Old Feb 7, 2011, 2:56pm   #375
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Re: Why do they do it?

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It's B.

You obtain significant investment to mentor interns/grads in a reputable business.

Then the ones you can't get profitable you pass over to the few A's who CAN do the job.

Hi, arabiannights ;-)
Didn't you find it a pain in the ass to put a trade on on your own account, then switch to the model account broker and duplicate the trade and orders?
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