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Understand Don. But this thread seems to want to paint all "mentors" as
charlatans and that is something I find truly ridiculous.
Another point that needs to be made is that trading is not for everyone as
much as some would like it to be. I'd love to play golf like Tiger does, or
run a business like Welch does, etc., but that doesn't mean that I have the
mental/physical abilities to do so. Under the dubious argument in this
thread, if Mr. Welch would mentor me and I then turn out to be less than
successful, does that then make Mr. Welch a charlatan?
Bobh
----- Original Message -----
From: "Don Thompson" <detomps@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, May 19, 2001 5:44 PM
Subject: Re: [RT] Mentors:What makes a good Mentor
> Bob,
> We are talking about people who say they can deliver and then they don't.
> It depends upon the contract that is made.
>
> Don Thompson
>
> Subject: Re: [RT] Mentors:What makes a good Mentor
>
>
> > 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
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
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> > >
> > >
> >
> >
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> >
> >
> >
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> >
> >
>
>
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