David interviews Mark McRae about why he does other things besides simply the business of trading.

Mark: There was a good friend of mine at one point who wanted to try trading, and his question to me was exactly how difficult it was. My answer was: “I’m actually psychic. I’ll prove it to you, I’ll show you how easy this market is.” At that time it was the first Friday of that month, and the time was eight thirty, Eastern standard time. I put him on the market and told him that it was going to go up, or it was going to go down in about thirty seconds, but it was going to go in one direction regardless. Naturally he did not believe me.

As he watched, he was amazed when the market went up two hundred points in the period of time that I had predicted. He asked me if I could always do that, and I said yes. You have to understand that this was the time before news trading became popular. Predicting what will happen with money management is hard, and staying in the game is of crucial importance.

David: Okay, so I have a question that I really didn’t want to ask because it tends to mess things up constant, but it’s one that people want to know. If you’re such a success, then why do you teach others to do it as well? I mean, wouldn’t it be a better option to just use your trading system quietly somewhere, making the money all for yourself?

Mark: Well that’s actually pretty simple, I do it to make money. That’s the exact reason I teach people how to take advantage of the market and learn the business of trading. No matter what, your goal should be to make money, and there are many parts of trading that you probably wouldn’t be able to learn unless someone taught you. Right now, I’m sitting in Australia and I’m not trading.

So even though a large part of your trading — you really have to be active in trading if you are going to be active, even if you use daily charts, you have to monitor it on a regular basis. So when I can’t, on occasions like this, the royalties, or the money that I make from selling books and courses, or I don’t teach people anymore, but the little money that I make from the other interests in trading is what helps support me.

When you trade you will find that it goes up and down a lot, and when I teach, making money that way, I don’t have to deal with the fluctuations. The pressure is gone, and it lets me do other things. For instance right now I’m talking to you guys.

David: That pretty much answers it all regarding about stock trading system The last thing I want to know is how much money do you need to make this your full time job? Should those in trading actually branch out and try other interests?

Mark: In all honesty, this is something that anyone could do to make extra money on the side, and if you are comfortable with it, then go for it.

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