[brownsfan019]

Originally Posted by XDTrader »

An Iron clad NDA, legal agreement, and future payments placed in escrow would seemingly prevent any potential "backfiring" imo.

There is so much more to be gained than monetary compensation. That is a myopic view. Investing in the life of someone else yields lifelong, (perhaps longer?) rewards.

It is usually when we die to self a little, WE are the ones that reap the most from the experience.

I agree XD and if not talking about a complete stranger, I am right there w/ you. When I initially posed the question, it was from the view point of teaching a complete stranger your methodology for the purposes of making extra money.

I do like the idea of an escrow account though... of course, that entails the other party being able to have enough funds to place in escrow and enough to trade so that it remains worthwhile for all.

[thnickster]

I can teach people mechanically how to make profitable trades, but I cannot make them abide by what I teach them. Even when I have spent days with them and taken profitable live trades in front of them..held their hand.. it often went bad for them. Everybody has a different psychological makeup. Day trading plays into every bad habit you can have. An emini trader, essentially, must become a robot. An hour after I left my first coachee..the phone rang. "I did exactly as you showed me and I'm down $500. Well..you guessed it. They didn't. Because I was sitting and watching the same charts and saw no trades.

I disagree that an emini trader has to know all the formulas for calculating the oscillators. They are mostly worthless anyway as they are all lagging. Taking crosses of macd or
CCI..it is all late. Learning the inside of how MACD is created is an unsuccessful traders exercise. What you have to know about MACD (which I don't use anymore) is the divergence patterns VS price. I only trade two areas and have had days of 8 trades..and no trades. If I don't get what I exactly want..forget it. Just my 2 cents.

[MightyMouse]

Originally Posted by thnickster »

I can teach people mechanically how to make profitable trades, but I cannot make them abide by what I teach them. Even when I have spent days with them and taken profitable live trades in front of them..held their hand.. it often went bad for them. Everybody has a different psychological makeup. Day trading plays into every bad habit you can have. An emini trader, essentially, must become a robot. An hour after I left my first coachee..the phone rang. "I did exactly as you showed me and I'm down $500. Well..you guessed it. They didn't. Because I was sitting and watching the same charts and saw no trades.

I disagree that an emini trader has to know all the formulas for calculating the oscillators. They are mostly worthless anyway as they are all lagging. Taking crosses of macd or
CCI..it is all late. Learning the inside of how MACD is created is an unsuccessful traders exercise. What you have to know about MACD (which I don't use anymore) is the divergence patterns VS price. I only trade two areas and have had days of 8 trades..and no trades. If I don't get what I exactly want..forget it. Just my 2 cents.

Your post is somewhat of a breach of protocol. Please identify yourself as a vendor.

[thnickster]

I am not a vendor. Do you see anything anywhere in my remarks where I am pushing some product? Don't understand what you mean. Do you understand what you mean? Just offering up some opinions based upon many years of experience.

[BlueHorseshoe]

Originally Posted by thnickster »

An hour after I left my first coachee..the phone rang. "I did exactly as you showed me and I'm down $500. Well..you guessed it. They didn't. Because I was sitting and watching the same charts and saw no trades.

While I fully appreciate the point that you're making about people's ability to muck up even with a profitable strategy due to their own psychological makeup . . . has it occurred to you that mistakes such as the one you describe could be the product of poor teach and a student left not having fully understood your strategy? Or a genuine ambiguity or subjectivity in the strategy?

Bluehorseshoe

[BlueHorseshoe]

Originally Posted by kchaskel »

There was a time that trading was a community of gentleman - not thieves in Brooks Brothers suits! Why not try to help some young guys and hope they can help the old guys!

You seem to have a bit of a rose-tinted view, but to some extent, isn't a forum like this one just a modern electronic 'community of gentlemen'? Admittedly there is the odd thief around, but I've certainly gained plenty from just a few months of talking with other traders on here. And if I have a specific query, I can get brief and to-the-point input from countless people, rather than relying on one particular mentor's viewpoint. Although none of this is perhaps the same as me going and sitting in front of a computer screen with a coach for a week, it certainly has other advantages in my opinion.

Bluehorseshoe

[onesmith]

It's not worth anything. There's more value in my passionate obsession with spreading disinformation.

[wrbtrader]

Originally Posted by thnickster »

I can teach people mechanically how to make profitable trades, but I cannot make them abide by what I teach them. Even when I have spent days with them and taken profitable live trades in front of them..held their hand.. it often went bad for them. Everybody has a different psychological makeup. Day trading plays into every bad habit you can have. An emini trader, essentially, must become a robot. An hour after I left my first coachee..the phone rang. "I did exactly as you showed me and I'm down $500. Well..you guessed it. They didn't. Because I was sitting and watching the same charts and saw no trades...

I strongly believe a student should not be left alone to trade via real-money for the first time unless you are their to guide him/her through their first day of real-money trading because everybody knows that real-money trading is a lot different than simulator trading or hindsight chart learning.

Hopefully, that was as much of a learning experience for you as it was for your student in that you no longer allow a student to trade on their own the first time with real-money. Thus, you now give in-person mentoring on the first day of real-money trading and/or you provide a real-time chat room for your clients to use where you're available on their first day of real-money trading. If they choose not to use your support on their first day of real-money trading and things go bad for them...that's on them.

If you don't understand, just view this from a sports perspective. Just imagine the fallout if coaches of professional athletes or amateurs just didn't show up to watch or coach their athletes on their first day of real competition...

The coach would get fired and/or create an environment where the coach is viewed as not reliable.