Why do you sell this information?
We have taught people in the past for free.
We have found that sets up a problem in that they have not earned
through hard work the right to be a trader.
They invariably simply do not continue when the going gets a
little tough as it does with trading.
Rich Dennis and Bill Eckhardt
knew this and as a member of the original Turtle program
Russell Sands had to pay his dues and trade
Richard Dennis's money for a set period after the teaching phase.
The golden rule of finance is to have 3 different sources of
income. This is one of ours.
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.