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This is an argument I have heard before and just do not understand, and in
fact I find quite offensive. If a trader is successful he/she has no doubt
gone through an extensive and painful journey to figure out how the game is
played. And if they have some kind of courseware/system they no doubt
invested hundreds/thousands of hours to develop it. If that person then
decides to offer a fee-for-service to assist other aspiring traders he/she
is labeled a charlatan. If he/she instead gives that knowledge away for
free he/she is called legitimate and a great person.
Why in h-ll should that person be compelled to then give his knowledge away
to other traders or be labeled a scam?
Personally I see absolutely no problem in charging for expertise. My
accountant does it, my doctor does it, my dentist does it, etc., etc., but
we don't label them charlatans. There are too many people looking for a
handout when instead they should be looking for a hand up. We already have
an over-abundance of entitlements in this country. We also have an
over-abundance of people who are really looking for an excuse to shift the
responsibility for winning or losing to someone/something other than
themselves.
Bobh
----- Original Message -----
From: "DH" <catapult@xxxxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, May 19, 2001 2:15 PM
Subject: Re: [RT] Mentors:What makes a good Mentor
> > Laudible characteristics.
> > Several of the characteristics lacking are:
> > Honesty, Vulerability, and
> > guilessness in the case of transmitting knowledge and technique.
> > Lacking the above the mentor-prote'ge' relationship in this business
will
> > sour rather quickly, when the
> > master say's, "Put another dime in the record machine. "
> > When the Mentor is partially motivated by being needy upon the student
for
> > his/her livlihood, the relationship is poisonous..
>
> Yep. Unfortunately, there seems to be an inverse relationship between
> the amount charged and the quality of instruction. The very best stuff
> is free. I look at it this way. If a trader has been in the business for
> xx years, and is good at his craft, he is making enough that he has no
> need for the chump change of student tuition. If he is charging the big
> bucks for tuition, he is probably depending on that for his income,
> rather than the profits from his trading. You need to ask yourself why
> that is. One possibility is that he is not as great a trader as he
> claims and finds it easier to make money teaching. There are some great
> traders who get personal satisfaction from teaching. They don't need the
> money and they don't charge anything. Look at the stuff Tim posts on his
> web page as an example. He uses the internet as an easy way to
> communicate with as many people as possible and it's all free. Even
> Mark, with his own unique style <g>, gives away a lot of good stuff for
> free. Contrast that to those who drop vague hints about "secret
> knowledge" and refuse to impart their "knowledge" unless you pay (and
> pay and pay). It's pretty clear to me who is motivated by a sincere
> desire to help and who has other motives.
>
> --
> Dennis
>
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