I focus.
Unfortunately that would be affirmative.
As on ages you "grow into it".
To this question.
I can't imagine any pro applying themselves and getting -15% after a year of short term trading. a program (blackbox automatic system i think they are called) yes, but not a skilled pro. if that is the case, how can beginners expect to learn and benefit. or is there something i'm missing?
Not speaking
for anyone other than myself but observations of over 20 yrs.
Peter 2 touched on some of it.
There are some educators who do have live trading Systems available for anyone to follow for a moderate fee.
Trading Systems are a set of parameters with variables that are placed against a data set with the addition of various money management filters in the attempt to have a consistent positive expectancy over time.
I've developed a few myself and one Radge published in "Unholy Grail's".
These work like a treat until they don't. Mine (all of them) work brilliantly in conditions they are designed for and less than brilliantly in conditions they are not.
If your looking for someone to do all the work for you---you may choose one of these professional systems in lieu of developing your own. Like all systems you will have periods of draw down and if market conditions (The data) doesn't vary wildly from the data tested then there is a high chance that over time you will see similar results in your trading.
But like most human nature will have you questioning any draw down and when you don't know how it works and how its been tested --- deep draw down will see most withdraw.
If this is within the parameters of the test results and market hasn't dramatically altered then that's not really a wise move.
You and I don't know when ideal conditions are likely to hit for any particular system--even our own.
If your trading this way you need to give it the time it needs---often years.
The other more important aspect I think is overlooked it the invaluable education you get for very moderate costings.
Using My long-term association with Radge I will say that I learnt far more watching how he handles winning and more importantly losing trades. (Through access to his members area). not only that I have a direct line to him and his staff with any questions I have.
Youll learn HOW TO TRADE.
My goal was to be self sufficient. Nick was a great influence in achieving this---although he doesn't know it directly.
But--I achieved it and I'm still a member---even though I don't and have never traded one of Nicks methods.
I have traded some of his trades within my own trading and its interesting to watch/compare his and my management.
Finally.
I doubt that the pros trade a great deal of their net worth in a system/s.
I suspect they trade better in a discretionary manner.
I have no idea how Nick handles his funds--although a friend we never talk "shop".
I also understand why Pros have education businesses.
(1) There is a demand
(2) They know how to trade.
(3) They have time on their hands---Because good trading doesn't take a long time and its a boring as watching paint dry
(4) They enjoy "some" of the interaction with others
(5) Its another earner in the business of life.
Now why don't these guys have the $10K course followed by the $15K Reveal all Master Course.
They don't have to!