Ask the Tough Questions.

Here is an interesting question. Why would anyone get into the business of educating someone about trading successfully?

If you look back on my blog’s early days, you’ll soon find out that I just wanted to get a bunch of people like myself to learn from each other, and find the “holy grail of trading”: make money consistently.

To be honest with you, I never thought that was even possible. Since markets change, trading success appeared to me to depend on one’s adaptability to trade in different markets. I would admit, however, that recognizing the change would be in itself a great feat of trading knowledge.

So, assuming there are people out there really willing to teach others this “holy grail of trading”, why would anyone do it. If you are really successful at trading, let’s say to make 30% a year, you could, in a matter of years reach any goal one sets for one self. Compare that to risking time and money into developing a business of educating people. Yet if you went to the Trader’s Expo, you’d see dozens of businesses willing to teach you how to make nice living from the comfort of your home, by just taking a few lessons for the modest sum of $3,000. Then there are also softwares, websites, newsletters and services of all kinds, designed to “make you rich”, or so is the implied or expressed promised.

Yet, how many of these services actually claim what sort of returns have they had in the last few years? months? You figure that if they had achieved a return that exceeds the S&P500 index, they would only be very proud to show their results. That would not be a very hard thing to do, considering the the S&P has fallen 50% over the last 12 months. Yet, no one is ready to boast that they have even exceeded 5%, let alone 30%. Why is that? Therefore, asking for the performance over the last 12 months seem to be a reasonable thing to ask, at least to give you an idea how much would you be expected to make in the next 12 months.

The reason some of these people don’t even say that much is because they may not even be traders themselves, so a reasonable question to ask when contemplating buying into a system is: do you trade the system or software or newsletter recommendations? After all, I want to learn from another trader, not from someone that may have traded in the past, but found “educating” rather than “trading” to be a better business. Some may find “software development and marketing” to be a better business than trading. Which begs the question: Why would I not do a better job of developing my own strategies? after all, I trade every day, and thus continue to sharpen my skills.

When I finally came up with my PCCRC strategies, I thought about sharing them freely to anyone that would visit my blog, but clearly, not many took it seriously until I begun to trade the strategies on a fictitious account and started to generate amazing results. Once I produced my first few Videos, I had to make a decision: Do I create a business of teaching my strategies? The irony is that once I thought of the possibility, I started to “sell” my system. I started telling people about the great results I could obtain with this approach. I insist to the participant of my group that not every trade is going to turn out and that trading is always a risky operation. However, by following every trade through to the end, I am demonstrating my techniques, not just making claims. Real time demonstrating of the trading I do is essential to back up claims. Yet very few do.

When someone claims to be teaching the “art” of trading (I’d call it simply an inexact science, but a science nonetheless), they should be very proud to show you their past performance, they should tell you how many trades they place in a day, week, month, or how much time they actually spend trading, in addition, the should be able to show you their trades LIVE, as they enter them and how the manage them to their conclusion, losers and winners alike. If they are not willing to do that, then you can’t expect them to teach you how to trade consistently. Personally, I have taught myself how to trade.

For me, teaching how to trade the PCCRC has become more of mission, rather than a business. I decided that I wanted to teach the very people that were struggling, as I was at some point. The very people that can not afford a $3,000 program. In addition, I decided that I did not want to enter the business of teaching how to trade. When I reentered my trading career in late 2002, it was to make money without having to spend hours a day trading, and to develop an approach to trading that would permit me travel the world, and not be tied down to a desk. So I could not make a business of teaching trading. I felt so confident that the PCCRC would make me the money I needed, that I felt that my life was full, except for one thing: make a contribution to help make the world a better place.

I urge you to try my PCCRC by paper trading it at first, and learning about the Greeks, and implied volatility under special circumstance. If you reproduce what I have been doing, you’ll find that the PCCRC is a stress free approach where you DO get more winners than losers, and where the winners are often larger than the losers. The results, of course, is profits months after month.

Remember, I don’t have much to gain from teaching what I know, but hopefully, you’ll “Pay it Forward” and help me make the world a better place.