“How do any of these things get agreed upon? Folks come together in agreement (more or less) over time as to what’s important from their perspective.”

This is where we part ways. Education, is a cartel. This cartel has been empowered by government. How’s education doing [standards] in the US?

You provide CPA’s as an example. How’s the CPA profession doing? Do you believe the Financial Statements produced under GAAP for the corporations? I look at many, essentially they are lies.

Yet, a large component of any CPA syllabus, as it is in medicine, law, etc is ethics. Thus, the educational cartel is failing, and failing badly, in numerous areas.

Why, in a profession, where you really have the chance to break from Leviathan, viz. trading, would you invite this schmuck to the party? Allow the best to rise, via an unfettered free market, to sell their product, and be valued by the market.

The internet provides more than enough transparency for information to disseminate with regards to an unfettered free market.

jog on
duc

How do any of these things get agreed upon? Folks come together in agreement (more or less) over time as to what’s important from their perspective. If that perspective is comparable to those who would be employing the certified individual then the certification gains credence and credibility in a fair market way as you are endorsing.

I am not referring to results in a P/L perspective, rather the results of the coach to glean results for his students.

I can definitely respect that. The problem is lack of information in the marketplace, at least the way things currently stand. How do we know how effective a coach has been? There is a strong bias in the current public feedback toward the negative as folks will more readily complain than praise.

“The point I make is a simple one. A certification indicates that the individual in question has demonstrated competency in a proscribed area.”

Which is exactly the point I am refuting. Who decides what is competency, and in what areas?

“You bring up results as just such an alternate measurement. I contend that just as the ability to slam dunk a basketball in no way indicates one’s competency to coach a basketball team”

Agreud. What I actually said though was “let the free market decide what it wants. When I said “results” you have misunderstood the way that I am using the term results.

I am not referring to results in a P/L perspective, rather the results of the coach to glean results for his students. That is to say, he successfully brings them to the point where they feel that they have received value.

jog on
duc

You bring up results as just such an alternate measurement. I contend that just as the ability to slam dunk a basketball in no way indicates one’s competency to coach a basketball team, the P&L of a trader similarly is no firm indication of ability to provide trading guidance. Successful trading is often a very specialized thing and as such not easily transferable. For example, the techniques employed by your typical bank desk trader who makes his money off market making and flows trading, regardless of how many millions he makes, aren’t going to be much use to your average retail trader. Hell, the trader may not even understand the full scope of the market he trades. I once worked with a woman who was an All American collegiate volleyball player, but she didn’t know one of the most fundamental rules about pre-serve player positioning and she was a poor instructor because she had the attitude of “if I can do it you should be able to do it”. In other words you can be highly talented, while at the same time lacking both the knowledge and the ability to pass along that knowledge to others (not to mention motivating them).

“Furthermore, there’s no accreditation process by which trading coaches are certified”

And there is no real need for one. What I would imagine the “market” for trading coaches requiring would be results.

“USA Volleyball which certified coaches based on their fulfilling educational and other requirements at different levels.”

Which opens the box as far as curriculums with regard to areas to be covered. Who’s to decide what is/is not important? Then, what are their qualifications to so decide?

“We have no similar system for trading. Sounds like that would be another really good thing if it were ever to come along, doesn’t it?”

No, for the above reasons.

jog on
duc

Sounds like a Syndicalist model to me. I have two major objections to this: first, some government agency starts to formulate a syllabus of what is and isn’t important, that forms the basis of this qualification. Then they charge you money, to conform to their abitrary decision.

The free market can very easily and efficiently allocate these resources [coaches] without any regulation.

jog on
duc