David holds an interview with Trader Mark McRae over his interests outside of trading.

Mark: When a friend of mine wanted to know how hard it was to trade on the market, I informed him that I was a psychic. It was the first Friday of the month at 8:30 PM EST. I showed him the market and predicted that it would drop or rise in thirty seconds. He informed me that he didn’t believe me, and I told him to keep watching.

He watched, and like clockwork the market jumped about two hundred points in thirty seconds. He was utterly amazed, and wondered if I could do it every single time. This was before news trading was popular. It’s impossible to predict what will happen with your money management, which means remaining in the game is very important.

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: That’s an easy answer – to make money. I mean, that’s why I teach people how to check the markets. It doesn’t matter how philanthropic you would like to be, your first objective is to make money for whatever you are going to do with it. But there are lots of different parts of the business of trading, and if you think of learning trading, you probably couldn’t learn how to count, unless somebody read a book to you some time. Somebody has to teach somebody. Now here I am. I’m in Australia, in Melbourne, and I’m not trading.

During a large part of your trading you have to be active, even if you’re using daily charts you need to keep an eye on it, and you need to do it regularly. Even though I can’t at times like this, there are royalties I make from my book sales and courses, but the small amount of money I make from other interests is what keeps me afloat.

Trading has it’s ups and downs, and teaching takes out those fluctuations. It takes off the pressure of trading, and allows me to do what I’m doing right now, which is coming over here and talking to you guys. So why do I do it? I do it to make money, nothing more, nothing less.

David: Well that’s a pretty good answer. I feel you’ve answers all the questions about stock trading systems I can think of. What kind of money do you need to make to do this full time? Should other people involved in trading try other interests? Should other people actually do this?

Mark: It’s definitely something that you should do. If it is morally and professionally acceptable to you, then why not?

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