Rockwell Trading, Inc. - Markus' Blog
, 03-09-2009 at 01:32 PM (565 Views)
Submitted by Dave Immel on Thu, 03/05/2009 - 05:52
During my time as a coach at Rockwell, I occasionally get asked the question "Why do you coach if you can just trade yourself and make your income from your personal trading?"
That's a good question! One that I feel deserves a well thought out response. So as I began to ponder this further and discovered some interesting reasons:
1. Coaching is what I do; its what I'm about. I believe very strongly that giving back (or paying it forward) is a very important quality a person can possess. You see, I've been exposed to some amazing teachers/coaches throughout my life and I believe those people have been incredibly influential in helping to shape me as a person.
Personally, I've been coaching basketball athletes for over 20 years, and I've been able to see firsthand the impact of our player/coach relationship when visiting with them after their basketball careers have concluded. It's very gratifying for me to watch these people take the lessons they have learned through their basketball experiences and to successfully apply them to other areas of their lives.
It would be nice to have that similar impact on people as they learn to successfully build a career as a day trader and how that can change their life.
2. If you truly want to learn something - TEACH IT TO SOMEONE ELSE. You see, before I became a trading coach, I was a student first. Probably not unlike where you might be today, I was up and down in my trading success. I had tried many programs (all seemed to be missing one or two important components) and spent thousands of dollars and countless hours before coming to Rockwell. Overall, I just seemed to slowly figure out ways to give my capital to the markets - WITHOUT A CLEAR PLAN.
Then I stumbled upon Rockwell Trading, and thats when things began to change. The comprehensive program that Rockwell offers made it possible for me to succeed in this endeavor (something I thought to be impossible before then). Once I was able to prove myself as a consistent trader, the next logical was to STAY SHARP! I felt the best way to accomplish that was to master the material at such a level that I would actually be able to teach others
and thus, a Rockwell Coach was born.
3. Coaching holds me accountable. So much of what we do in the game of day trading requires focus and discipline in order to achieve success. When I'm coaching others and providing feedback to help them improve, Im constantly reminding myself of how important the fundamentals and having a clear trading plan are to trading success. I believe this constant reminder actually makes me a better trader because I know that I cant coach a student one way only to do it a completely different way myself
seems rather hypocritical doesnt it?
To be honest, I love what I do. I enjoy people and I enjoy helping others but as Ive outlined, coaching actually makes me a better trader, too.
Therefore, if youre thinking about how you might elevate your trading, consider teaching what you do to someone else. You might be surprised to learn that the preparation alone necessary to create a well thought out lesson plan (or trading plan) will make you a better trader, too!
Thanks for reading and Happy Trading!
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.