Paying for a mentor vs. Elite Trader Forum

Discussion in 'Educational Resources' started by Iwilldoit, Aug 7, 2015.

Have you ever paid for a mentor?

  1. Yes

    22.6%
  2. No

    77.4%
  1. Probably true.

    surf
     
    #101     Aug 11, 2015
  2. This is what one would say a perfect match! Lucky you and them!
     
    #102     Aug 12, 2015
  3. I fully agree with you, but people would do anything to avoid at all costs sorting out their psychology.
    They'll find tons of escuses :
    - psychology is not the problem, the edge is : but then ask them to be disciplined 4 months even on demo and they can't
    - i am ok , and i don't need a shrink. the ego talking
    etc
    Luckily trading sooner or later becomes a simple mirror of the trader's psychology.
     
    #103     Aug 12, 2015
  4. Visaria

    Visaria

    50 is a minimum if the markets followed a normal distribution. Since we know they don't, we think they follow a fatter tailed distribution than normal, we need more than 50. The 1800 number was suggested by William Eckhardt in an interview.
     
    #104     Aug 12, 2015
  5. EPrado

    EPrado

    No need to apologize. Strange requirement that a newsletter that gives out trades should have to say "don't use our information to trade".

    I don't see how stops could degrade performance. But it's not the first time I have heard that. I guess in a world where every trade is an instant winner and all you will be doing is taking profit it somewhat makes sense. But to say "I am holding this position no matter until this date or until it gets to my profit level" is insane. That's basically the recipe to blowing out your account.
     
    #105     Aug 12, 2015
  6. EPrado

    EPrado

    Surf,

    Do you have a track record for your calls (Price drivers) so potential clients who want to pay for your site can see what the whole thing is about? After reading the below I have to think you do.

    "one must also consider the very real alternative that those who don't provide records have bad or zero results." Surf Aug 12 ,2015
     
    #106     Aug 12, 2015
    samuel11 likes this.
  7. Visaria

    Visaria

    ah, leave him alone...look, it's just human nature to crow about success and to keep quiet about the opposite.
     
    #107     Aug 12, 2015
  8. EPrado

    EPrado

    I hear ya man. That's most likely the case. But if someone is going to charge people for their market calls/trades they really have to be able to back it up. Surf makes a point about going after such people on here. I applaud him for that. But now he's kind of falling into that category.
     
    #108     Aug 12, 2015
  9. Visaria

    Visaria

    fair enough. do what u must.
     
    #109     Aug 12, 2015
  10. nursebee

    nursebee

    NO NO NO, this is a judgement.
    Industry recognition comes only to those in the industry. How would a stay at home retail trader get recognition?
    Lifestyle? So you have to look flashy to prove you got money? This is how suckers get attracted to bad fish.

    Trading records? Yeah, I'm down with that.
     
    #110     Aug 12, 2015