Explore fintwit, lot's of noise but there is signal. The main difficulty is that it's not a "one size fits all" type of question to answer - your training will be uniquely your path and it will include many things that you were initially hyped for yet lost it's shiny new gloss after working with it over time and evaluating the fruits thereof. If there are three things; 1) Know thyself <- intimately and with radical honesty 2) Meditate daily <- is the path to 1) 3) Fall in love with the process of backtesting. Testing cuts through hype. <- grounds one in reality
Getting rich is a worthy goal. If you live in a western or westernized economy, it isn’t difficult. However, a serious obstacle for you is overcoming your naïveté. If you are as young as you hint at, there will be numerous opportunities in your lifetime to get rich. You just have to be open to the generational opportunity of the time and have some liquidity available to participate. The trick will be in keeping most of the windfall. That takes luck or experience. Focus on building a career in your field and maximizing your opportunities there. Enjoy being young and being around other young people. Avoid thinking like an old person. As for mentors, no one worth being mentored by will ask you for money or make you buy something from him as a condition of being mentored. There are no exceptions. Warren Buffett isn’t a real person to emulate. He is a caricature. You should imagine the lifestyle you want by considering what is available around you. Then figure out how much money that lifestyle will require. Unless you’re looking to field a private military or open your own space program, I doubt you will require as much as you think currently. Good luck.
Give me 40M AND I will show you how to make 20M.. guaranteed are you so XXXXX to understand if anybody makes even 1 m why would they sell a course ?
Look into the charts a few month every day. Watch price develop. Soon you can reliably predict what price does. All you need from there is eisk management and psychology which are easier to find a good book/ course for.
Good Morning traderjo, Exactly, anyone selling trading courses is selling Trading Theories of what they THINK makes money. They are simply selling Unproven Trading Theories, they can not prove to make money. Basically scamming and lying. I GURANTEE you for a FACT if I am making a consistent profitable trader, I am not selling anything to anybody and damn sure not wasting my time making a trading course and marketing the trading course.
I have been playing around with having a kind of mentorship service. Just to help someone on their way. I would also like to document every step for my upgrowing children to be able to have them have access to this kind of lifestyle. But it is like you say. The hassle with outsiders is not worth the money or time. But never say never. If one person would show promise and the timing is right, I would maybe do it.
Since you’re selling courses and claiming to be expert on institutional order flow, market structure etc, so let’s put options aside for a moment, and can you please give us (“non-institutional traders”) a quick lesson on the SPX institutional order flow? About 20 years ago, I was mentored for 12 months by Kevin Haggerty. He was a head trader for Fidelity (one of the largest institutions in the world), and so I have fairly good idea about how the biggest intuitions work their orders, so I’ll keep you honest. You can start with how market makers look at the order flow in their books in the morning, how they decide in which direction they’ll take the stock in the morning, how far they’ll run it up or drop it down, and their reasoning behind it. Thanks
Good Morning danielc1, Exactly, why would you waste your time and energy making a trading course and trading mentorship for a fee? And you have spend time, energy, money and effort marketing it to get customers. The ONLY reason you would do is if you are not a consistent profitable trading and can not make money year to year trading to pay the bills. So you spend the capital making trading coures and writing books. If you was a consistent profitable trader, you just increase your position size and enjoy life with your family being wealthy. Why bring on extra stress trying teach for a fee from like 1000 customer/traders? Then you lose sleep worrying about if customer A or B is making money and answer 50 emails a day. Makes no sense to me. Anyone selling trading course is just selling Unproven Trading Theories/Methods of what they they think make money to hustle traders out of their money. PERIOD! Trading Sellers are just hustlers and pimps trying to get rich because they can not trade and make money consistently. I would be a damn fool to waste my time teaching trading for a fee, when I can just simply increase my positions sizes and make over $XXX,XXX per year.
There are more nuances in the story of selling a course or teaching someone to trade. Money is not the only motivation. I could hire people to take care of the business side. It is more that most people have no clue what it takes to become a consistent profitable trader and do not have the commitment in many cases. I like to mentor or teach in something I'm good at. I do not mind that people sit next to me to watch how I trade and get belief that it is the real deal. But what put me off is the follow trough or preparation that a traders need to do, to get to the level of performance. It is like an athlete, working up to a Olympic medal. Daily habits, mindset, learning how to become a master. Most just give up, when they see what it takes. And then it is a waste of time I do not get back...