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Re: How Much Would You Pay to Learn from a Veteran Trader?
Heres what you have to remember, you have to charge as much as the customer is willing to pay. This is intellectual information we are talking about, which is a very valuable commodity.
I have had a few people tell me I could charge for the face-to-face meetings I have with them and teach them things I know. But in reality, I'm not as great as I want to be nor am I nearly as good as those I learn from. But to them, I am almost like a God.
But heres the other problem, in reality your trading style should theoretically only work with you. It's designed to fit your personality, and no two personalities are the same. So you could charge someone $20,000 to teach them for 6 months and they could walk away confused as hell - simply because your style doesn't work with their personality. Yet I could charge them $5 and teach them more, because my system works with their personality better. Even though you are the better trader at the end of the day.
I would never pay a veteran trader to teach me his system or anything like that. I would pay to have someone watch over my shoulder and point out things that I don't pick up on myself during the day. Things such as emotions, impulse trades, failure to see the opportunities present, etc. That is something that would be valuable to me, but not to others.
Just my two cents.
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