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Preston,
Yes, I see your point -- the risk/reward in selling tools and
knowledge can be much better than the r/r of trading.
Still, the fact that traders need to supplement their income by
divulging their "secret sauce" (something rarely done in technology
and biotech) makes me think these traders cannot make a sufficient
income from trading alone? Still confused...
Andy
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx> wrote:
>
> Andy,
>
> It may be just a matter of perspective. Calculating the rewards for
> an instructional seminar you need to realize that there is a great
> deal of reward with little risk. On the other side if the seminar
is
> free and I charge you for the tools, I can reap larger rewards with
a
> little higher risk. Compare this then to the risks/reward of
trading.
>
> You mentioned also a weekend event. The markets are not really
active
> over the weekend. This could be a great way to supplement income at
a
> time when you might not otherwise be capable of doing so.
>
> I once calculated the rewards for a seminar that was conducted in
> numerous cities over a two week period. The per registrant income
was
> only $120 but when you calculated this over the two weeks and
figured
> the number of per day participants minus expenses the income
exceeded
> $50k. Not bad when you figure this could have been done during a
> vacation from work.
>
>
> Preston
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "metastkuser"
> <andysmith_999@xxxx> wrote:
> >
> >
> > I have grappled with this for a while -- have asked friends,
> traders,
> > my wife -- no satisfactory answer yet -- so I'll try this forum.
> >
> > I've attended seminars in the past where the instructor impresses
> the
> > audience with how great life is for him (never encountered a
female
> > instructor yet), how much money he makes (one guy went on and on
> > about how much he spends on sushi) and so on. Yet he is spending
> his
> > weekend in a stuffy hotel hall teaching trading basics instead of
> > spending time with his family or flying his lear jet or eating
> sushi.
> > Why?
> >
> > I've also come across traders who claim they are very successful
> BUT
> > want to sell their knowledge/tools to others. Same question: why?
> >
> > The only answers I've been offered is "I want to help others be
> > successful like I am." I don't buy that -- charity is free, not
> > $1,999.95.
> >
> > Please enlighten me.
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