We get inquiries each week about our classes and mentorship program. Naturally, most people get skeptical about whether we actually know our stuff and I expect nothing less from them. In a world full of idiots on Twitter and online, it's hard to discern who is an actual trader and who isn't. I think after four years of being on twitter and also helping real people I hope that we'd proven enough to everybody we know our stuff.
However, sometimes that's not enough and again, I totally understand that. I hope though, that this post, as we close 2015 will clarify a lot of the things that people keep asking. So I'll go through some of the major questions we've been collectively asked:
Are you folks profitable?
F yeah. If not, why the heck would we still be traders? I'm a full time daytrader. 99% of my income is from my own trading.
Why teach when you're profitable?
Hence why, I , Gavin, charge north of $30K per student. Why? Because if you're going to waste my damn time, you better pony up the cash. I clean out 6 figs a month so if I'm going to waste 4 weeks of my life teaching you my trading system, you better be worth it. Otherwise, the big charge is to compensate for wasting my time. Now, the rates we have online are the standard rates and most of our instructors charge the normal rates. But, we have a unique system where I, as a co-founder, can add a premium to my teaching fees. If the student is willing to bear the brunt of my increased cost, then why not? It only shows me that the student wants to learn from someone who knows their stuff. Besides, would you rather learn from someone who really doesn't know how to trade??? There is absolutely no difference in what you're going to learn from an instructor who charges $5K versus my $30K. It's just that I have my own premium.
Will I be profitable after I learn your system?
This is the question that irritates me the most because how the hell am I going to know if you're going to succeed???? It's kind of like asking if you go to Harvard, are you going to be a successful guy after you graduate? It takes two to tango. Learning our system is one thing but properly applying it is another thing. You need to put your heart and soul into this if you're truly serious and maybe, you just have a chance of winning. There are no guarantees in life.
I find your charges a little too steep. Why is that?
If you don't want the rates we post, go somewhere else. There are 1000s of trading schools out there.
Is your system purely technical?
Well, if it was, why don't you go buy a Steve Nisson book from Amazon. It's only $29 and it'll save you from having to waste your money on us.
The Bottom Line
Do not be a trader IF:
- you hesitate making decisions not only in investments but IN REAL LIFE
- you are afraid to lose money
- you suck at math
- you hate going into something without all the info
- you keep asking why stock XYZ went up or down
- you have NO money to lose
- you are too emotional and can't focus on things objectively
I turn away 3 out of 5 people who contact me asking me for advice and also to be their teacher. I can already know in 5 minutes of talking to you whether you're cut out for this gig. If you're the kind of guy who wants to keep playing it safe - you're not cut out to be a trader. Trading is risky and it takes guts and grit to really succeed. Most people want to succeed but don't want to put in the work to get there. I didn't get to where I am just by magically waking up one day knowing every trick in the market. There are those out there who insist on learning via osmosis and I respect that. Like i said, to each their own.
So if you find this post offensive or too abrasive - that's your opinion. I take my gloves off when I tell it how it is. Because sometimes, what people need but don't want to hear is simply the honest, unadulterated truth.
Traders from Equity Sense will be writing on this blog on positions and other market-related things.