And at a very basic level now consider the plight of the poor tutors, and the predicament they are apt to find themselves in, which is as follows:~
Different individuals are attracted to this profession for different reasons, many of these are looking for a challenge and a change of lifestyle, others because they are housebound for one reason or another, others because they simply cannot face working for someone else, others because they are fed up with what they are currently doing, others because they want to improve their performance, BUT, underneath all of this ALL of them are attracted to what they believe to be easy money without effort.
Here is where the problem starts. When they find they have to seriously engage brain, this they don't like. They don't like it at all. What happens is that they do not believe what they are told. What they are told is the result of the experiences of all that have gone before us. For them to benefit from these experiences they have to dump what they assume and to do what they are required to do. This they do not want to do either.
In fact , many start to work exceedingly hard at not working. This is a curious statement. I will expand on this. As a consequence of their own life experiences they are not prepared for the merciless scenario that trading presents to everyone in the form of a challenge so different to everything they have experienced before that they refuse to accept the rules.
They try to skirt the rules. The rules will always be there. The rules ensure that unsuitable people do not succeed. Therefore in order to have a chance of succeeding first of all the rules (which are the rules of engagement, by the way) have to be recognised and obeyed.
They are not willing to do this either. They think they are cleverer than everybody else and go on to do stupid things.
They trade instruments they do not understand, they enter markets they should not at their level of knowledge and experience enter, they start to trade in multiples that they cannot afford, they put on positions without stoploss protection and saunter off to mow the lawn, they refuse to be self disciplined,
they get agitated at a loss and have another go and another and another, and all of this I mention above WITHOUT USING STOPS, and then they start to create problems by blaming everybody except themselves.
All of these individuals who at first seem to be reasonable and responsible get blinded when they imagine they are going to have the world for breakfast in their first week, because their perception of wealth is the wrong perception.
Their love of money is so great - they are not concerned with the importance of being consistently right first and then the money afterwards, you understand ? They want the money now, or yesterday, if possible.
Now they are persuaded by their own wrong ideas that there are shortcuts. Sadly there are none. When they are told this they don't like it either. They disregard it completely. They now form themselves into KNITTING CIRCLES hoping this will solve the problems they face with their own atttitudes and character deficiencies, that they do not accept as they view themselves as perfect.
They gravitate not towards making efforts to come to terms with what the market delivers in the form of unexpected information shocks, by first of all mastering techniques and then coming to terms with themselves. Oh ! No ! All that is only for "ignorant" people as they have degrees and whatnot. Sadly the market does not recognise who has a degree and who hasn't, as the market is not there for the benefit of some pillock to come along and pluck profits without knowledge, a method, and self governance of the highest order, with protective stoploss precautions in place.
They believe the market to be there for their exclusive benefit. And when they are given repeated warnings by the tutor, morning noon and night they go in one ear and out the other, as this is not what they want to hear.
The tragedy is that all of them are children. They are children in a ferocious adult trading world.
This they are not able to recognise either, because when they are strongly recommended to spend time studying and revising what they have been taught in order to commit it to memory in order to gain complete famiiliarity, as these gentlemen who are on the other side of the trade are not going to recognise they are novices and give them time to make up their minds one way or the other or allow them mistakes.
And the ultimate dilemmma is that even the broker whether voice or electronic cannot force these idiots to protect themselves by using stops and from the dangers of overtrading.
All of these "candidates" appear normal and reasonable as ordinary people to start with but when they perceive "money" they all go mad. I tell you it is quite horrifying. Of course it is never known in advance who is going to behave and who is not as they DO NOT CARRY LABELS STUCK TO THEIR FOREHEADS ,which THEY OUGHT TO for everybodys peace of mind.
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