Thread by @theBuoyantMan

If you're a successful trader - post your track record publicly (broker verified track record, p&l statement, ledger, transaction statement) for at least 4-5 years. Charge 2-3L per month for mentorship. You'll filter out non-serious people, and you can also make good extra money.

But even if you're charging 10k, 20k for running a webinar or workshop, and you don't post your track record or at least share your track record + proof of your profitability for people who ask them before paying - then it just means you are not a legitimately successful trader.

You may have a 100 reasons for not sharing them. But in our minds, the only reason you don't share them is because you aren't consistently profitable or you don't have the results to back your claims of profitability.

The most common thing every trader on fintwit who runs webinar/workshop does when someone asks them for proof of profitability before paying for their workshop is reply "dude, pay if you're interested, otherwise buzz off. I have posted all my profit screenshots on twitter".

There's only one problem. Most of the times, these traders don't post their profit/loss screenshot consistently - on a daily basis. That definitely brings suspicion as to why he/she has gaps in their trading p&l history on twitter.

If you can't share your p&l statement, and broker tax statement for last 4-5 years publicly and prove you have been profitable, you have no business running mentorship program or seminars. If you're going to run one, at least be honest with what your current level is.

People would be interested in learning the mistakes to avoid in trading from a trader who has been consistently blowing up and failing for last 5 years, rather than pay for a fake trainers. But people are gullible and they end up paying for trash on Twitter.

So, if you're a trader considering attending workshops, DO NOT pay for a workshop or for personal mentorship unless the trader/investor shows their track record with proper P&L statement (preferably over a zoom call screen share), don't pay. Better knowledge out there in books.