Traders Teaching / Teachers Trading ?

[NVP]

Hey all

I saw an interesting thread discussion the other day that prompted me to throw this Thread into the mix and a few thoughts / Questions


Do successful Professional Traders make good mentors / Teachers ?

Can any other** Trader teach traditional trading techniques and Strategies sucessfully to less experienced Traders

Why does a successful trader chose to teach ?

c'mon I know this will be an interesting discussion
N

** Any other meaning - not consistently profitable and or Part time

 

[NVP]

Do successful Professional Traders make good mentors / Teachers ?
In my opinion ? - The Skill of Trader and Mentor/Trainer are not in anyway correlated naturally and it is a rare breed that can and chose to do both


Can any other** Trader teach traditional trading techniques and Strategies sucessfully to less experienced Traders
Actually yes (to a degree)........c'mon if the objective is to teach the nuts and bolts of trading to newbies and intermediates then its all about communication skills more than trading skills.....

The Problem lies with the claims of most trainers and coaches out there justifying their fees with integrated systems that they also sell as part of the training package

are you then judging the success of the system or the ability of the trainer ?

Good trainer / bad system ? or is it Good system / Bad Trainer ? .


Why does a successful trader chose to teach ?
I have no idea.......to me if you are focussing a significant significant part of your life immersed in successful and consistent trading then the downtime s/be more aligned to pleasant and needed distractions and not leaping back into the business again.......horses for courses I think

just my thoughts :smart:

N

 

[The Leopard]

Hey all

I saw an interesting thread discussion the other day that prompted me to throw this Thread into the mix and a few thoughts / Questions


Do successful Professional Traders make good mentors / Teachers ?

Can any other** Trader teach traditional trading techniques and Strategies sucessfully to less experienced Traders

Why does a successful trader chose to teach ?

c'mon I know this will be an interesting discussion
N

** Any other meaning - not consistently profitable and or Part time

1. "Do successful Professional Traders make good mentors / Teachers ?"

It depends on whether or not they are good teachers. I think it's unlikely that many would be. The change of mindset when one progresses through newbie - OK - good enough to earn a modest living - making enough to live well - etc is so vast and so complete it must be difficult to even imagine what it is like to be a beginner again.

2. "Can any other** Trader teach traditional trading techniques and Strategies sucessfully to less experienced Traders "

In theory yes, in practice it is likely to lead nowhere.

3. "Why does a successful trader chose to teach ?"

They almost certainly wouldn't. Some might do it as a vanity project. The excuse sometimes used by vendors that they do it to "help people / give something back" is so laughable it doesn't even merit discussing. I can shred it with extreme violence if you really want, but to even suggest it might be a motivation is an insult to anyone who isn't severely mentally impaired.

The truth is that the vast majority at least (and in my opinion all) vendors / educators do what they do because they want the money. They want the money because they can't trade. If they could, they wouldn't want the money.

Even if this is not universally the case, the chances of a newbie finding a vendor who is a successful trader are so small they effectively do not exist.

 

[The Leopard]

Let us pause a moment to remember some of the illustrious vendors we have known who are millionaire traders only selling their wares because they enjoy it and want to help people:

Guy "Nazi Box" Cohen
Howard "Fliteskool" Cohodas
Davie "T2W Sucks, Baronjon [sic] Sucks Ass, I'll beat you up if you criticise me but please feel sorry for me because my imaginary child has leukaemia" Robertson
Vince "Vince Scamzione" Stanzione
Andrew "The Notorious P.F.K." Mitchem (for only 15 grand you too can know what a Posing Fat Knacker knows)
Paul "Crappa Smurf" Chalmers of Trading Elite Club infamy
Mike "World Champion Turtle Soup Maker" Baghdady (they call him the Macdady)
Kat "The Forex Slag" Devlon (check out her site to see her lolling around in her underwear)
Wayne "Wacko Jacko wasn't nearly as wacko as the idiots who sent Jacko their money" Jackson

...continued ad infinitum or until the world runs out of gullible, lazy, stupid, greedy idiots. That will be ad infinitum, then.

 

[darkcider]

Professional sportspeople have coaches, which is quite an ironic situation if you really think about it. The golf instructors that i've known in the past are generally at quite a good level, but they earn their money from coaching and not playing.

What is comparable to financial market speculation? Anyone can have a go, and anyone can or may make money.

Trading is just gambling and betting, and there is a whole spectrum of people involved. I'm not sure that there is one law that governs the whole spectrum.

 

[alphadude]

Professional sportspeople have coaches, which is quite an ironic situation if you really think about it. The golf instructors that i've known in the past are generally at quite a good level, but they earn their money from coaching and not playing.

What is comparable to financial market speculation? Anyone can have a go, and anyone can or may make money.

Trading is just gambling and betting, and there is a whole spectrum of people involved. I'm not sure that there is one law that governs the whole spectrum.

i disagree with you. Trading is not like playing golf; trading is like performing a surgery.

would you learn how to perform surgeries by learning from fat knackers who know nothing about what they are talking about; and after all; claim to be the foremost experts in surgery; and world champions.

IMHO; government should regulate who can teach trading; just like they do on medical schools; and even in primary schools.

Unfortunately if you want to learn trading; and you are not lucky to find a full time trader who can mentor you; the journey will be little longer; and with lots of trial and errors.

I believe that successful traders will be useful as teachers; even if they suck at teaching. you will be happy to listen to their advice; and buy them starbucks to keep them talking. Or; worst case scenario; just watch them trade (aka perform the surgery). you will learn a lot by just doing that.

*hang out with losers and you will be a loser*. If you learn from world foremost experts on fraud; before you know it; you might start committing fraud. just like the Baghdady turtles; who are no where to be seen. perhaps preparing their next version of 300% profit per trade; and teach it to lizards

 

[darkcider]

i disagree with you. Trading is not like playing golf; trading is like performing a surgery.


You're absolutely correct, trading is not like playing golf. The only comparison that i would make to outright speculation is gambling, plain and simple. I personally wouldn't compare it to anything else.

I believe that a consistently profitable 'outrighter' is akin to a professional gambler. There is obviously a skill involved, but is the skill transferable? I'm sure the trading coaches and instructors will have us believe that it is.

 

[robster970]

IMHO; government should regulate who can teach trading; just like they do on medical schools; and even in primary schools.

The assertion that government regulation ensures quality control is specious. Do you really think the current crop of teachers we have in school in tandem with the national curriculum is good?

Government regulation solves nothing apart from to create more 'meaningful' work for the state. Any quality improvement is more likely to be an accidental by-product.

 

[alphadude]

The assertion that government regulation ensures quality control is specious. Do you really think the current crop of teachers we have in school in tandem with the national curriculum is good?

Government regulation solves nothing apart from to create more 'meaningful' work for the state. Any quality improvement is more likely to be an accidental by-product.

lol; i do agree that governments are not very effective in getting us there.

what they are effective at; is at least keep out jabrounis who claim to be the world foremost experts in a domain that they know nothing about. this means not every man and his dog can step in and steer the pot. we should give the gov some credit for that. it also means that fraudesters can be caught.

it's akin to the necessity of having achieved a degree in your resume. It does not mean you are foremost expert. but it does tell us that you know at least the basics; and that you have managed to pass some obstacles

 

[pboyles]

Let us pause a moment to remember some of the illustrious vendors we have known who are millionaire traders only selling their wares because they enjoy it and want to help people:

Guy "Nazi Box" Cohen
Howard "Fliteskool" Cohodas
Davie "T2W Sucks, Baronjon [sic] Sucks Ass, I'll beat you up if you criticise me but please feel sorry for me because my imaginary child has leukaemia" Robertson
Vince "Vince Scamzione" Stanzione
Andrew "The Notorious P.F.K." Mitchem (for only 15 grand you too can know what a Posing Fat Knacker knows)
Paul "Crappa Smurf" Chalmers of Trading Elite Club infamy
Mike "World Champion Turtle Soup Maker" Baghdady (they call him the Macdady)
Kat "The Forex Slag" Devlon (check out her site to see her lolling around in her underwear)
Wayne "Wacko Jacko wasn't nearly as wacko as the idiots who sent Jacko their money" Jackson

...continued ad infinitum or until the world runs out of gullible, lazy, stupid, greedy idiots. That will be ad infinitum, then.

What about Stoploss Sue from CMC Markets and of course Alex (no)Hope?

 

[alphadude]

Let us pause a moment to remember some of the illustrious vendors we have known who are millionaire traders only selling their wares because they enjoy it and want to help people:

Guy "Nazi Box" Cohen
Howard "Fliteskool" Cohodas
Davie "T2W Sucks, Baronjon [sic] Sucks Ass, I'll beat you up if you criticise me but please feel sorry for me because my imaginary child has leukaemia" Robertson
Vince "Vince Scamzione" Stanzione
Andrew "The Notorious P.F.K." Mitchem (for only 15 grand you too can know what a Posing Fat Knacker knows)
Paul "Crappa Smurf" Chalmers of Trading Elite Club infamy
Mike "World Champion Turtle Soup Maker" Baghdady (they call him the Macdady)
Kat "The Forex Slag" Devlon (check out her site to see her lolling around in her underwear)
Wayne "Wacko Jacko wasn't nearly as wacko as the idiots who sent Jacko their money" Jackson

...continued ad infinitum or until the world runs out of gullible, lazy, stupid, greedy idiots. That will be ad infinitum, then.

also Kathy and Boris on Trading News. The poor fellow did a webinar and a live trade it and it turned pale shape

 

[alphadude]

Let us pause a moment to remember some of the illustrious vendors we have known who are millionaire traders only selling their wares because they enjoy it and want to help people:

Guy "Nazi Box" Cohen
Howard "Fliteskool" Cohodas
Davie "T2W Sucks, Baronjon [sic] Sucks Ass, I'll beat you up if you criticise me but please feel sorry for me because my imaginary child has leukaemia" Robertson
Vince "Vince Scamzione" Stanzione
Andrew "The Notorious P.F.K." Mitchem (for only 15 grand you too can know what a Posing Fat Knacker knows)
Paul "Crappa Smurf" Chalmers of Trading Elite Club infamy
Mike "World Champion Turtle Soup Maker" Baghdady (they call him the Macdady)
Kat "The Forex Slag" Devlon (check out her site to see her lolling around in her underwear)
Wayne "Wacko Jacko wasn't nearly as wacko as the idiots who sent Jacko their money" Jackson

...continued ad infinitum or until the world runs out of gullible, lazy, stupid, greedy idiots. That will be ad infinitum, then.

also Kathy and Boris on Trading News. The poor fellow did a webinar and a live trade on news announcement; but it turned pale shape. He learned the lesson that; if you are a *teacher* you should only trade the left side and middle portion of a chart; not the right side

 

[darkcider]

If a person really feels the need for mentoring or coaching, then they should at least be able to ascertain wether or not a certain coach is genuine.

For a start, any genuine coach would never guarantee success for the student. A trading coach can only teach the student certain aspects, "here is a DOM, these are the buyers, these are sellers...etc etc", the 'technicals' so to speak.

What type of coach would hide behind so-called historical profits? Be very wary of these types! These types are promoting profits first, which is very misleading, underhand and dishonest.

 

[the hare]

He learned the lesson that; if you are a *teacher* you should only trade the left side and middle portion of a chart; not the right side

The whole idea behind these sorts of webinars is complete nonsense.

Every day I take a bunch of trades, some win and some lose, and there's absolutely no good reason for the outcome. I win about as many as I lose, and the winners are a tiny bit bigger than the losers.

The process of making money isnt observable in real time, or something that can be demonstrated in a webinar. The only thing you see in a webinar, or day to day, week to week, month to month or even year to year is VARIANCE.

As for Kathy and Boris, dont get me started on those two creatures.

 

[alphadude]

The whole idea behind these sorts of webinars is complete nonsense.

Every day I take a bunch of trades, some win and some lose, and there's absolutely no good reason for the outcome. I win about as many as I lose, and the winners are a tiny bit bigger than the losers.

The process of making money isnt observable in real time, or something that can be demonstrated in a webinar. The only thing you see in a webinar, or day to day, week to week, month to month or even year to year is VARIANCE.

As for Kathy and Boris, dont get me started on those two creatures.

these two creatures are complete jokes. the fact they hang out together is interesting. :clap:

i sadly own two books written by both of them. i use them for decoration.

 

[robster970]

what they are effective at; is at least keep out jabrounis who claim to be the world foremost experts in a domain that they know nothing about. this means not every man and his dog can step in and steer the pot. we should give the gov some credit for that. it also means that fraudesters can be caught.

I think we're going to have to agree to disagree on this one. State regulation = jabrounis setting regulation

That aside, if people choose to request help/support, then it is down to them to perform sufficient due diligence on their teacher/mentor. People are very good at not taking responsibility for their own actions and choices, relying on bellyaching when things don't go right for them rather than reflecting on the possibility that they were wholly responsible for making a poor choice.

It's easier to be a 'victim' than it is to be 'responsible' isn't it........

 

[Greenlight]

"Every day I take a bunch of trades, some win and some lose, and there's absolutely no good reason for the outcome. I win about as many as I lose, and the winners are a tiny bit bigger than the losers."

my learning curve increases finding gems like this.

 

[The Leopard]

... if you are a *teacher* you should only trade the left side and middle portion of a chart; not the right side

 

[The Leopard]

As for Kathy and Boris, dont get me started on those two creatures.

I'm sure I've seen a video with that Boris idiot at an event with Slackhbladdery on the same stage. Seemed like an absolute ******.

 

[rsh01]

3. "Why does a successful trader chose to teach ?"

They almost certainly wouldn't. Some might do it as a vanity project.

....'They do not teach, but those that do must be vain'....hmm great comment. How short sighted are you?

I know a successful trader who teaches, and its not a 'vanity project'...is this ok? He used to post on here a lot, but I guess you were too busy making sweeping generalisations to stumble upon them.