Always enjoy your posts by the way.
Yeh. I addressed this on another thread somewhere not too long ago. I myself have always made the same sanctimonious argument i.e. if you’re making money then why charge. Well I’ve changed my stance on this for sure. I do this for a living. That means I have to withdraw profits to pay bills and to live. So: if I had another course of income then I could just leave my capital and let it grow. Makes a whole bunch of sense to me. And then as I said: just look at the inane stuff that goes on here. Let me tell you that if this were a paid site the quality of posts would be a LOT different. And that’s only become apparent to me since I’ve been back here.
But let me say this: I DO believe that any compensation should be on merit and performance. In other words: I help you and you make money then you pay me a percentage. The ins and outs of that I’ve not quite yet worked out but I’m for sure trying to come up with something. I still do NOT believe in this business of people charging membership fees or monthly fees or whatever and whether that be for signals or mentoring or anything else. Essentially all it means is that they can feed the person the biggest bunch of garbage and still get paid. And that’s why there’s so many people around that are complaining that they paid for stuff and it was crap and they never made any money.
And I also agree: by mentoring I mean in a PRACTICAL sense. Not this pie in the sky BS that gets regurgitated here every hour. I’m talking about being in constant contact with whoever and training on two or three proper, tested (and I don’t mean by some BS MT4 back test), technical trading systems which I trade every single day. Not “well identify support and resistance and once you’ve done that then place your order somewhere where you think it should be”. Not like that. Specifics. Practical. And yeh: if I’m sitting helping on Skype or whatever other medium at midnight every night then why should I NOT get paid if you’re making the same money that I am as a result of my efforts. And not forever: just on a certain number of trades or for a certain period. Something like that. But again: performance based. Not rip off based.