15 Oct A chance to chat it out
The response to the blog and my tweets has been overwhelming. I am currently unable to handle the emails coming through with questions, requests and so on. Given that I’m also chairman of a non-profit group that is fairly active as well as a single dad, I am not able to devote the time to address all the questions/requests.
Yesterday, it occurred to me that it would be much easier to just "talk it out". I posted a tweet about potential conferencing software that can be used to host a chat session. Again, the response has been overwhelming. After reviewing the capabilities, stability and limitations of all of the options, it became obvious that a Ventrilo session would be best.
I want to reiterate that I am a trader first and foremost. I am also an educator for the traders who work for me and to whom I pay a cut of profits under a proprietary contract agreement. This is my main business. For this reason, I am unable to commit to consistently updating blogs, answering questions, etc. In fact, tweeting trades often costs me a little because of the distraction it creates to trade and tweet. Additionally, I have had messages from various people who have followed me into trades blindly and without defining risk or a position management scheme. They write because they don’t understand why I did this or that and how it cost them something. This is actually scary to see, frankly. It is impossible to be successful by blindly following someone else’s trades…not to mention the fact that people would love to hold someone else responsible for their loss (hence, the disclaimer on my blog).