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Rene December 26, 2012 at 3:11 pm

Hello guys!

what do you think about this?( talk about it in some later episode?)

“The question is asked: if these traders were really good, would they teach? I’d venture to say that while some of these teachers/operators may be producing a level of profitable consistency, none of them are at the peak of their game. The reason is pretty simple: when traders are at their peak, they simply don’t have the time or energy to spend on a trading education business or arcade where a significant amount of time is devoted to dealing with customers and their needs. They have to sacrifice the need to diversify their income with their desire to keep trading. ”

Source article:
http://www.meetpips.com/members/TonyIommich/blog/57327-trading-education-and-trading-arcades-worth-it-or-fluff

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Rene December 26, 2012 at 3:18 pm

This is an interesting one too

“The truth is quite different by comparison:

It takes years to learn to be consistently profitable, as you learn to develop your own style, understand different market environments, and go through your own cycles of inspiration and having to become re-motivated.
Seminars and trading education are wickedly over-priced in exchange for the time-instruction value you receive, and there is no guarantee that you will be getting credible education from market professionals that have a proven track record (and if so, why are they teaching and not trading?)
The only way to run up an account real fast is to take a lot of risk AND happen to fall into a cycle where your style is in tune with the market. The sad thing is that most of the time this ends with an account blowing up, as the market never tells you when your lucky streak is about to run out, yet your risk keeps increasing. By the way, nobody realizes it but Tim Sykes’ hedge fund ended up closing down. Now you know why he’s showing up to Trader’s Expo hawking his for pay website.
Trading is a profession that has high earnings volatility. That is a main reason why traders either have spouses/parents who have a day job, or they start their own businesses on the side. More often than not, those side businesses are related to trading education (that explains the plethora of books, signal services, and seminars you see out there!)”

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Rene December 26, 2012 at 3:19 pm

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