In over 20 years of trading, I have seen only 1 educator show a live trade. One. Let that sink in. Trading educators often face skepticism when they don't demonstrate live, in real-time futures trades for several reasons:
Market Risk: Trading live in front of an audience exposes the "guru" to real market risk. If the trade goes against them during the demonstration, they could incur losses, potentially damaging their reputation.
Privacy: Some traders may prefer not to disclose their personal trading accounts or strategies, which can be sensitive and private information.
Education vs. Trading: Many trading gurus focus on education rather than trading for profit. They see their role as teaching trading concepts, strategies, and techniques rather than actively trading for income.
Risk Management: Successful trading involves a comprehensive risk management plan. A guru might not want to share their personal risk management strategies or expose their audience to potential risks during live trading.
Market Conditions: Market conditions can change rapidly, and a live trade may not necessarily align with the educational message the guru is trying to convey at that moment.
Account Size: The size of a educators trading account might not be representative of what an average retail trader typically has. They may have a significantly larger account, making it challenging to replicate their trades.
Transparency: Some gurus might opt for transparency by sharing their trading results post-trade, allowing them to demonstrate their strategies without the pressure and risk of live trading.
In reality, a significant portion of these educators comprises unsuccessful traders peddling questionable strategies. With over 20 years in this industry, I've witnessed such individuals entering and exiting the scene for more than two decades!
It's essential for anyone interested in learning from trading educators or gurus to conduct due diligence. Look for educator who provide transparent and comprehensive educational content, demonstrate their strategies using historical data, and prioritize risk management and trading discipline.
Remember that successful trading goes beyond just executing live trades—it involves consistent strategy, discipline, risk management, and a deep understanding of market dynamics.
Comments