“I don’t need to pay for trading education; I can figure it out on my own by watching some free Youtube videos and following Twitter alerts.”
If I had a dollar for every time I heard some variation of that statement from a struggling trader, you’d see a lot more sun-soaked beach pictures on my Twitter feed. And if I had another dollar for every time that didn’t work out the way the struggling trader planned, there’d be a yacht in those pictures.
It sounds great, in theory. After all, there’s a lot of free information out there. But there are a couple of huge problems with the self-education approach. Trading is not like history or literature, where you memorize facts, and then you’ve mastered it. It’s much more like driving a car: you can read a book about driving, but without spending some hours behind the wheel, you’ll never be a competent driver. And without the guidance of an experienced driver, it can be downright dangerous. I’ve met a lot of traders who can identify profitable patterns and know where you are supposed to stop out and take profits. But they can’t trade them. They haven’t had someone experienced walk them through all the ways those patterns can play out, how to manage their risk and emotions, and showing them the mistakes they’ve made and how they can improve.
Another problem you’ll encounter if you try just to figure it out on your own is that there’s a lot of bad information out there. There are many gurus just trying to make a buck, selling you the snake oil of the week. They promise huge gains and fail-safe systems, but can’t back up their claims. Then there are the wannabe traders who mean well – they have a good couple months and think they’ve figured it out all and want to share their strategies. But have no long-term track record. Once the market turns bearish, as it inevitably will, a lot of these traders get wiped out
So often I see struggling traders bouncing from guru to guru, system to system. They’ll keep trying new techniques and styles, and getting burned more often than not. Sometimes they will eventually stumble on something that works, but usually, they burn out and give up. It’s unfortunate, but you get what you pay for.
Every trader gets an education. The question is whether you pay for your tuition with years of frustration and lost capital, or do it right the first time. I’m a proven, profitable trader. I trade full time and have been doing so for fifteen years now. Before that, I worked on Wall Street. I have a degree and formal training. The strategies I teach work, and I can prove it. Almost as importantly, I can show you exactly how they work in the real world – not in an ideal, hypothetical scenario. Send me an email if you are ready to get serious about your trading education. I am here to help. email@example.com
By the way- if you want proof that I am a consistent trader- check out this blog