I assume that the reason you have not tried trading again is that you perceive that it would interfere with your objectivity in dealing with your clients. Yet, given all that you have learned about successful trading during the past five years, I imagine there must be some temptation to try it again. How do
you handle this conflict? What do you envision as the long-term resolution?
There are two reasons I don't trade. The first is the reason you mentioned about objectivity with clients. If I'm
helping someone trade and I have conflicting positions, then I may not be very objective about what they are doing.
An equally important reason, however, is that I am fully committed to doing what I am doing. I love helping other
people, writing, giving talks, and so on. I'm very happy doing that. It is also a sixty-hour per week job right now. If I
wanted to start trading, then I would have to devote almost as much time to doing that, at least at the beginning.
Why should I do that and give up what I already know I love doing? Player coaches, in the history of most sports,
usually are not that effective at either coaching or playing.
Your question also assumes that I am committed to trade, and as a result there is a conflict. Actually, I find
that as I get more and more into helping others become successful, I have less and less interest in trading myself.
I'm investing in myself and in my business right now. I constantly work at improving my skills and knowledge, and
that is paying off forme. Why should I dilute that effort? Perhaps some time in the future, I will decide that I have
done everything I can do, or perhaps I'll want to change what I'm doing, or perhaps I'll just want a break. For ex-
ample, three to four years from now I might just be working with fifty or more top quality traders. If that happens,
then maybe I'll also trade. But for the near future, it doesn't seem very likely.
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