Why do they do it?

This is a discussion on Why do they do it? within the General Trading Chat forums, part of the To Be Sorted category; Originally Posted by Masquerade “Wide diversification is only required when investors do not understand what they are doing.” That looks ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Feb 13, 2011, 8:52am   #385
Legendary Member
 
montmorencyt2w's Avatar
 
Member Since May 2008
Default Re: Why do they do it?

Quote:
Originally Posted by Masquerade View Post
“Wide diversification is only required when investors do not understand what they are doing.”
That looks like a quotation. From whom are you quoting?
montmorencyt2w is offline   Reply With Quote
Old Feb 13, 2011, 8:55am   #386
Legendary Member
 
HowardCohodas's Avatar
 
Member Since Sep 2010
Default Re: Why do they do it?

Assume for a moment that the content is legitimate and the promotion is honest. There are several good reasons for teaching when you are already successful at the the practice.

I learned long ago that teaching a subject was a great way to gain greater depth and breadth in understanding a subject. For example, when I obtained my CCW (Concealed Carry Weapons) license, I wanted to learn more about all aspects of the law and the practice. So I took a course to become an NRA Certified Instructor in pistol.

Similarly, when I wanted to learn more about my strategy I began publishing my trading journal on several trading forums. The questions and challenges may have been aggressive and unpleasant, but I learned so much more about my methods than I ever could have in isolation. And I am in a much stronger position to teach it now.

Lastly, some people are natural teachers and they enjoy the process. Having a successful strategy to produce a good income permits them to indulge in teaching it for the pure pleasure. I love teaching and have been told that I am good at it. Will I be good at teaching my methods? We'll see.
HowardCohodas is offline Other (Please email T2W with details)   Reply With Quote
Old Feb 13, 2011, 9:29am   #387
Legendary Member
 
montmorencyt2w's Avatar
 
Member Since May 2008
Default Re: Why do they do it?

Must admit, I never thought I'd ever be conversing with a member of the NRA, but just shows how mind-broadening the Internet can be.

Quote:
Originally Posted by HowardCohodas View Post



Similarly, when I wanted to learn more about my strategy I began publishing my trading journal on several trading forums. The questions and challenges may have been aggressive and unpleasant, but I learned so much more about my methods than I ever could have in isolation. And I am in a much stronger position to teach it now.
So teaching others helps one to learn the subject better/deeper/etc; (first part of the paragraph). That's an understandable motive, although not totally unselfish. But the last sentence is begging the question (in the original sense of the phrase (I think)) isn't it?


Why is it that you want to teach it (in addition to learning it better for selfish reasons)? I don't think you have explained that.
Teaching X makes you better at X and therefore a better teacher of X; that's a bit recursive, I suggest.


Quote:
Lastly, some people are natural teachers and they enjoy the process. Having a successful strategy to produce a good income permits them to indulge in teaching it for the pure pleasure. I love teaching and have been told that I am good at it. Will I be good at teaching my methods? We'll see.
Enjoying the process is not the same as being a natural teacher, and you need impartial judges of the latter. I hope you have been fortunate in having been judged impartially.
montmorencyt2w is offline   Reply With Quote
Old Feb 13, 2011, 11:05am   #388
Legendary Member
 
pboyles's Avatar
 
Member Since Oct 2006
Default Re: Why do they do it?

Quote:
Originally Posted by HowardCohodas View Post

. For example, when I obtained my CCW (Concealed Carry Weapons) license, I wanted to learn more about all aspects of the law and the practice. So I took a course to become an NRA Certified Instructor in pistol.
.
If you had mistakenly shot the instructor during your NRA course and then got drunk in a bar and lost your gun do you think you'd have passed and went on to be an NRA instructor? Probably not, but if you blow 3 or 4 trading accounts and never make a penny you can still be a Trading instructor and trading guru.
pboyles is offline   Reply With Quote
Thanks! The post above is recommended by: Pazienza
Old Feb 13, 2011, 3:01pm   #389
Legendary Member
 
HowardCohodas's Avatar
 
Member Since Sep 2010
Default Re: Why do they do it?

Quote:
Originally Posted by pboyles View Post
If you had mistakenly shot the instructor during your NRA course and then got drunk in a bar and lost your gun do you think you'd have passed and went on to be an NRA instructor? Probably not, but if you blow 3 or 4 trading accounts and never make a penny you can still be a Trading instructor and trading guru.
My personality cannot relate to either scenario. I am careful and precise in most things I do. I usually stick to things until I succeed. I cannot envision going forward until I have succeeded at the level I am at.
HowardCohodas is offline Other (Please email T2W with details)   Reply With Quote
Old Feb 13, 2011, 3:12pm   #390
Legendary Member
 
HowardCohodas's Avatar
 
Member Since Sep 2010
Default Re: Why do they do it?

Quote:
Originally Posted by montmorencyt2w View Post
Must admit, I never thought I'd ever be conversing with a member of the NRA, but just shows how mind-broadening the Internet can be.

So teaching others helps one to learn the subject better/deeper/etc; (first part of the paragraph). That's an understandable motive, although not totally unselfish. But the last sentence is begging the question (in the original sense of the phrase (I think)) isn't it?

Why is it that you want to teach it (in addition to learning it better for selfish reasons)? I don't think you have explained that.
Teaching X makes you better at X and therefore a better teacher of X; that's a bit recursive, I suggest.

Enjoying the process is not the same as being a natural teacher, and you need impartial judges of the latter. I hope you have been fortunate in having been judged impartially.
Doing something because it makes you feel good is a selfish act. If it benefits others at the same time, then it is also a good thing. Win/Win.

Enjoying teaching and being good at it in the opinion of those who have gone on to succeed in a subject, feels good to me. Turning down offers from others to manage their money is my practice. I would rather teach them my strategy. It is part of my personality. I'm not trying to qualify it or justify it, it just is what it is.

The rest of your questions are lost on me. Perhaps you could rephrase them?
HowardCohodas is offline Other (Please email T2W with details)   Reply With Quote
Old Feb 13, 2011, 3:16pm   #391
Legendary Member
 
the hare's Avatar
 
Member Since Apr 2006
Default Re: Why do they do it?

Quote:
Originally Posted by HowardCohodas View Post
Turning down offers from others to manage their money is my practice. I would rather teach them my strategy.
Although I rarely predict, I'll make an exception in your case.......

The fact that you own a gun and know how to use it is going be an extremely useful skill that will benefit you greatly.

the hare is online now   Reply With Quote
Old Feb 13, 2011, 3:20pm   #392
Guest
 
SanMiguel's Avatar
 
Member Since Mar 2009
Default Re: Why do they do it?

is there anyone on this forum who has not or does not aspire to become a godforsaken trading teacher?!
SanMiguel is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search