Toni Hansen's Online Trading Blog

Saturday, October 13, 2007

"Toni, why to you run a website, etc.?"

Here is a question I received via email:


> I am considering getting back into trading. As you have mentioned, I was
> one of the new traders who started out doing very well, only to pay a
> steep "tuition" later, thinking I was better than I was. I used to listen
> to you and Brandon a lot.
>
> Anyway, my question is this. If you are a successful trader, why do all
> this? The website, the blog, emails all of it. Why not just trade?
>
> There is the old saying, "Those that can, do. Those that can't teach."
> or something like that.


Hello ----,

Why do I do it? Why not?

I started doing the site because another site asked me to and was willing to pay me for work I was already doing for free... Didn't take a genius to decide what to do! Extra income takes the pressure off needing to perform each and every month in the market. It certainly doesn't hurt! If you notice, however, most of the things I do I simply give away and those I do charge for are at a substantial discount as compared to the industry norm and the quality of the information is substantially higher.

Additionally, I like to do it. It's nice having recognition for my skills. All that remains of us once we are gone from this world are the impressions we have left in the memories of others and those whose lives we impact while we are here. If I am holed up in my office just talking to my cat all day... what is the point of what? My cat could care less... Well, I should not say that... She would prefer to have my attention instead of the computer...

Regarding... "Those who can, do... Those who can't, teach." What a silly statement. It has to be one the of the worst fallacies on earth. I have very few "heroes", but all of me heroes were teachers.... including my mother. Without teaching others, a person must be very selfish indeed...

So, why do I do them? To me, there is no compelling reason why not to and all the right reasons to do so.

All my best,
Toni Hansen

3 Comments:

At October 14, 2007 3:43 AM , Anonymous opw said...

I want to say 2 things:

1. Great post and I could not agree more...

2. Thank you very much for sharing! I love all your material, you are a great teacher and it has helped me beyond believe :)

 
At October 15, 2007 1:33 PM , Anonymous Anonymous said...

Well there might an additional aspect to it. Trading is hard work but the outcome is not certain. You may prepare well and perfectly execute a trade (hard work) still you may lose money. On the other hand if you get payed for a website, or any other project for that matter, the payment is certain as long as you deliver the product.

 
At October 15, 2007 3:52 PM , Blogger Toni Hansen said...

re: anonymous... yes, this is exactly what my thought was when I started... they offered to pay me for the analysis work I already doing on my own, so it took that pressure off the need to perform each and every day and the frustration of when I didn't

 

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