how about some examples or specifics, otherwise, youve both fallen into argumentative waffle.......
I don't teach and I often get people to ask me to teach them. I either refuse outright or if I think it will be fairly painless for me, I do the following.
- tell them to go through the theory - stuff I have written
- tell them to go through the theory on another site and buy a cheap ebook there
- set them some simple but painful tasks and tell them to get back to me with their observations
- I then email back/Skype them with some pointers and other tasks if necessary OR I tell them that what they have seen is what there is to see (as opposed to some big neon "BUY NOW" signal).
There is no fee for this. I do it because I get a kick out of it.
The most amount of actual time I spent was with a complete newbie with no experience at all and it was an email a day for 30 days with a few Skype chats. Normally, it's no more than 5 or 6 hours per week answering questions.
My observations from doing this are:
- Some people flat out refuse to do the tasks set, they see the tasks and immediately go looking for something easier
- Some people spend a week and decide it's not for them
- Some people don't do the tasks and send questions anyway. I immediately recognise they haven't really done the tasks set because the questions they are asking would be different. They get told to do the tasks set before asking questions.
- Most people do the tasks and send questions, over time they ask fewer and fewer questions until I tell them there's no much more I can do for them
- Some people actually get it straight away
The toughest guy emailed me for 18 months. He never did the tasks without trying to have something else in the mix. He'd email me constantly about other stuff until in the end I told him to either stop emailing me or just spend 2 weeks doing those simple tasks. About 2 months ago he emailed to say he'd finally done what I (and someone else) recommended and that he was now profitable. He still sends me trade videos every couple of weeks.
Theory doesn't cut it. Markets are dynamic, theory is static. You can use the word "speeding up" in theory but it's subjective and each person will interpret that differently.
You need feedback to be able to push somebody forward from where they are. With feedback, you can understand how someone has progressed or if they are going down a blind alleyway. Then you can give them a nudge in the right direction.
