Why educate, teach or coach your strategy?

[HowardCohodas]

If you are successful at trading, what is the motivation for entering the ETC (Education-Training-Coaching) business? It is not apparent to me that the returns vs. effort are better than trading. It is apparent to me that such plans incur incredible blow-back from many forum communities, especially this one. So why do it?

I'll go first, but I'd like to see some serious responses from others who put in the work and run the gauntlet of ridicule.

1. Ego, recognition of accomplishment, legacy
2. Develop depth and breadth in understanding your strategy from interacting with others who will question assumptions
3. Return in the sense of life stages (Earn-Learn-Return)

I don't think the first two require much elaboration. If I am wrong, tell me and I will.

The last is more important to me at my stage of life. In another forum some discussion led me to write this.

Not only is there no money in teaching, but my pricing almost guarantees I will lose money! Not a wise business plan. However, if my goal is to return some of my blessings, then it works for me. Some have said that if I felt that way, I should give it away for free. If there is anyone here who doesn't understand why that is not wise, just ask. But don't expect to be successful in business. Or perhaps even trading.

 

[brettus]

If you are successful at trading, what is the motivation for entering the ETC (Education-Training-Coaching) business? It is not apparent to me that the returns vs. effort are better than trading. It is apparent to me that such plans incur incredible blow-back from many forum communities, especially this one. So why do it?

I'll go first, but I'd like to see some serious responses from others who put in the work and run the gauntlet of ridicule.

1. Ego, recognition of accomplishment, legacy
2. Develop depth and breadth in understanding your strategy from interacting with others who will question assumptions
3. Return in the sense of life stages (Earn-Learn-Return)

I don't think the first two require much elaboration. If I am wrong, tell me and I will.

The last is more important to me at my stage of life. In another forum some discussion led me to write this.

Howard. 6 months you have been trading and you feel blessed with a money making strategy, with the ability to teach. I could have bought the S&P and gained similar returns. Do you know what the difference between that strategy and your strategy is? Nothing. Both doomed to fail at some point.

Come on Howard. Explain to us how you are the first person in the world qualified to teach after only 6 months trading? Teaching is about getting a guaranteed income, and if you're actually good then it's a bonus for the customer.

 

[Ambrose Ackroyd]

Why educate, teach or coach your strategy?

There can only be one motive if you are honest about it.

To make lots of money.

End of story and hopefully end of thread.

 

[pboyles]

If you are successful at trading, what is the motivation for entering the ETC (Education-Training-Coaching) business?
s.

In order to take a lot of money off gullible fools for little or no effort. The only problem is your name will eventually be dragged through the mud when people realise that what you taught them was either useless or could be found for free.

 

[Pazienza]

If you are successful at trading, what is the motivation for entering the ETC (Education-Training-Coaching) business? It is not apparent to me that the returns vs. effort are better than trading. It is apparent to me that such plans incur incredible blow-back from many forum communities, especially this one. So why do it?

I'll go first, but I'd like to see some serious responses from others who put in the work and run the gauntlet of ridicule.

1. Ego, recognition of accomplishment, legacy
2. Develop depth and breadth in understanding your strategy from interacting with others who will question assumptions
3. Return in the sense of life stages (Earn-Learn-Return)

I don't think the first two require much elaboration. If I am wrong, tell me and I will.

The last is more important to me at my stage of life. In another forum some discussion led me to write this.

 

[new_trader]

Two concurrent threads in the journal section and now this...and probably as much in all the other forums too! Revel in the attention Howard but I sincerely hope you get bored of posting in this forum. I am amazed you have time to do anything else. Less is definitely more.

 

[Pazienza]

The process for the vast majority (doubtless not all, but the vast, overwhelming majority) is:

A desire to make money.

An inability to trade.

A realisation that there are a lot of idiots in the world.

A quick conscience examination and the discovery of a complete absence of scruple.

A rapid process of making more money than their meagre talents warrant.

What is there to wonder here? Scumbag wants to make easy money. Scumbag sees way. Scumbag sets up shop.

 

[meanreversion]

Try putting yourself in a potential pupil's shoes. If he or she were looking for a mentor, they would probably be interested in track record and some indication of longevity in the market.

Maybe it's just me, but I would want to see at least 5 years of relatively successful trading (in particular through the volatility of 07 and 08) in order to consider listening to another trader's opinion.

Why do you think you're qualified in under a year ... ? And please don't make reference to paper trading or backtesting, because 1) you won't reveal any results and 2) paper trading does not equal live trading.

 

[Pazienza]

Two concurrent threads in the journal section and now this...and probably as much in all the other forums too! Revel in the attention Howard but I sincerely hope you get bored of posting in this forum. I am amazed you have time to do anything else. Less is definitely more.

He has time, plenty of time. He also teaches people how to stick a gun in the waistband of their trousers without blowing their own johnson off, and he aspires to be a travel agent. Why a retired and supposedly successful man in his 60s, who is also a successful trader, would want to become a travel agent is anyone's guess.

Unless, like his trading tutoring, it's just for the money. :-0

 

[Pazienza]

It has just occurred to me that when Howie sees the replies he will attempt to wriggle out by saying that he did this to test results against his assumptions, and that we have exceeded his expectations, or some such drivel.

 

[Pazienza]

This is too good. Honestly, I don't think that there's a trace of irony here.

If you are successful at trading, what is the motivation for entering the ETC (Education-Training-Coaching) business? It is not apparent to me that the returns vs. effort are better than trading.

That's because you can't trade!

And that is the reason you have entered the "ETC" rolleyes business!

Seriously Howie, what is there to wonder about? Apply a little basic logic and you'll be fine :clap:.

 

[tar]

Because your "strategy" became or will become obsolete at some point ...

 

[meanreversion]

ETC = excessively trusting clients

or maybe

earning through conning ?

 

[HowardCohodas]

Two concurrent threads in the journal section and now this...and probably as much in all the other forums too! Revel in the attention Howard but I sincerely hope you get bored of posting in this forum. I am amazed you have time to do anything else. Less is definitely more.

So advises the guy with nearly 3200 posts. Certainly advice I must take seriously.

Seriously, if it bothers you, walk away.

 

[HowardCohodas]

He has time, plenty of time. He also teaches people how to stick a gun in the waistband of their trousers without blowing their own johnson off, and he aspires to be a travel agent. Why a retired and supposedly successful man in his 60s, who is also a successful trader, would want to become a travel agent is anyone's guess.

Unless, like his trading tutoring, it's just for the money. :-0

There is an astonishingly good answer to that question. I learned the reason from my trader mentor.

 

[meanreversion]

So advises the guy with nearly 3200 posts. Certainly advice I must take seriously.

Seriously, if it bothers you, walk away.

If the poster has too few posts, you disregard them.

If they have too many, that now seems to be an issue as well.

Is there an optimal number of posts that one should have?

 

[brettus]

So advises the guy with nearly 3200 posts. Certainly advice I must take seriously.

Seriously, if it bothers you, walk away.

Howard. You're one of those 40+ year old guys that goes on X Factor convinced that you can sing and you end up being brought down to earth and the whole nation is laughing at you. How old are you Howard? Obviously not old or wise enough to realise there's not point in replying because you won't win, and actually like newtrader said, you're just making it worse.

I blame your parents.

 

[Pazienza]

There is an astonishingly good answer to that question. I learned the reason from my trader mentor.

There's an astonishingly obvious answer to that question as well. You don't need to learn it from anybody.

I'm curious Howie - when you saw all the replies to this frankly bizarre thread you started, why did you choose to reply about New Trader's post count and my musings on apparent inconsistencies in your laughable story?

 

[Pazienza]

So advises the guy with nearly 3200 posts. Certainly advice I must take seriously.

Seriously, if it bothers you, walk away.

Honestly Howie, can you really be as thick as you appear?

New_Trader

Join Date: 01.01.2006

Posts per day: 1.69

HowardCohodas

Join Date: 29.09.2010

Posts per day: 9.87

I think his original point stands Howie.

 

[HowardCohodas]

There can only be one motive if you are honest about it.

To make lots of money.

End of story and hopefully end of thread.

Then you don't associate with the same people I do. For them, making money is not their motivation for teaching and they are far wealthier than I.