I am a good teacher, and people are willing to pay me for
it.
1. If you’re such a good trader, why do you teach
seminars
Well, I could give you a whole bunch of charitable talk about
how I enjoy helping people,
which is true, but the real crux of the matter is that the most
important reason is money.
I have some valuable information, I am a good teacher,
and people are willing to pay me for it.
I am a real (and profitable) trader, but even the best traders
in the world go through some
losing periods. Teaching is guaranteed income, with no variance,
and no drawdowns.
I run a business and finance a household, and have expenses
to pay every month. I cannot very
well tell my programmer or my banker that I will pay them their
salary or mortgage payment the
next time I catch a big trade (whenever that may be). Also,
if the teaching income allows me
to pay all my business and living expenses, then I can allow
the trading profits to build up
and accumulate in my account.
And finally, people tend to like to do what they’re good
at, and I happen to be very good at
teaching. Maybe better than I am at trading. Many people, from
large money managers to exchange
executives, have said so. I’m a pretty good trader, with
over twenty years experience
and still going strong. But you know, some of the best hitting
and pitching coaches in baseball were
only ‘average’ players. So even if my trading track
record is not hall of fame material, that doesn’t
mean I am not well qualified to teach others.
I also like to make money. And my time is valuable.
