If you have ever thought about getting a coach or trading program, or you have bought a book about online trading or day trading, this may have crossed your mind.
If the coach knows so much about trading, why is he or she teaching others?
This reminds me of the old adage: Those who can, do. Those who can’t … teach. Those who were unsuccessful at day trading move to the teaching or coaching others.
But does your coach’s personal success really matter? In other words, is a full-time trader in a better position to help you than someone who no longer trades or has never traded?
When we break down the pros and cons, you may realize you weren’t giving some people the credibility they deserve and were possibly giving too much credit to others.