Mentor

Discussion in 'Psychology' started by tradermike99, Aug 4, 2020.

  1. deaddog

    deaddog

    You want a mentor; put your trading plan here on ET.

    You'll get a lot of feedback. Maybe some of it will be useful to you.

    What you have to understand is trading is all about learning about yourself. Someone can give you a system to follow but you have to buy into the system. If you don't trust it completely you will find ways to override it.

    You cannot buy trading success. There is enough free instruction in cyberspace to keep you busy for years. Come up with your own plan/strategy, trade it and if/when it doesn't work, figure out why.
     
    #11     Aug 4, 2020
  2. smallfil

    smallfil

    Each person is different so, your risk tolerance and approach will vary as will other traders. Even with a mentor guiding you, you will at some point have to create your own trading system. Chances are good even with a mentor, he will keep his secret sauce because you would be competing against him if he gave it to you. So, he will give you maybe, enough to be good enough as a trader. Whether you succeed, it still will depend on you. Most newbie traders believe they can be successful, only if someone will mentor them? Most of the information on trading is already out there. Be it on You Tube videos or internet. Where there is separation is how you use information you have in your hands.
     
    #12     Aug 4, 2020
    tradermike99 likes this.
  3. Overnight

    Overnight

    Fixed it for you.
     
    #13     Aug 4, 2020
    They and deaddog like this.
  4. socool

    socool

    Trade on my own through the various self learning practice in demo account and some via youtube.
    Good luck finding the mentorship. It will be very useful to have mentor who can guide you but be careful in choosing one.
     
    #14     Aug 5, 2020
    tradermike99 likes this.
  5. ChipShotTrader,

    Thank you for exposing people like this. It is really ashamed people like this exist.
     
    #15     Aug 5, 2020
    ChipShotTrader likes this.
  6. %%
    That can work: buy hi + sell higher works well ............................................................
    Inverse etf s, buy high+ sell higher, but counter-trends are a different deal
     
    #16     Aug 5, 2020
  7. ironchef

    ironchef

    No mentoring for me.

    300+ books and thousands of ET posts.
     
    #17     Aug 6, 2020
    murray t turtle and tradermike99 like this.
  8. ironchef

    ironchef

    That was what @MrScalper told me to do, got rid of all indicators and focused on the price charts. After a few months I started getting some ideas.
     
    #18     Aug 6, 2020
  9. Andrea Wylan

    Andrea Wylan Sponsor

    Hi Mike,
    I think it's a good idea you are looking for a mentor. I am a trading coach and I work with experienced traders to help them with their psychology to become successful traders. In my experience, psychology is by far the most important aspect of trading. I do know a few trading mentors I can recommend who teach how to trade (price action). If you want to talk, let me know.
    Andrea
     
    Last edited: Aug 8, 2020
    #19     Aug 6, 2020
    murray t turtle and tradermike99 like this.
  10. I have a book written by 17 successful traders -they are all discretionary and all learned the hard way. However most traders have had some sort of mentoring. Check out John Carter on Youtube -he's 100% the real deal
     
    #20     Aug 8, 2020
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