I had an interesting discussion today with a trading friend/colleague and the question posed to me was - how much money would it take for you to teach what you know?
I wasn't quite sure how to respond. In my mind, the hours and thousands of dollars spent is priceless. His reply to me was - but for the right price, wouldn't anyone consider an offer?
I asked why he was asking and he was approached by someone willing to pay what I would consider an offer with entertaining if he would mentor him...
I guess it's the age old question, right? Would you sell your trading 'secrets' for the right price? If so, what's the right price? And why?
I told him that to gauge the seriousness of the offer, that the offer would need to be substantial to begin with - money up-front and some sort of % of profits or something.
After thinking about it, it's a great way to annuitize your business if your pupil(s) make money. There's my broker side coming out - the important of annuitizing your income stream... those were the days.
