Not at all. I did and the guy let me stay at his house watching him trade for a week. He said it actually helped him because he gave extra thought to everything while I was there. I think he made about 30K that week. That was 10-11 years ago and we're still good friends.
I think that would work if the trader is actually making money. However, if he is losing money, having you look over his shoulder could be seriously stressful. I know in the trading house on good up days and everyone was making money people were happy and happy to share, but I dared not say a word when the other traders were cussing because of losses. You have to play it by-ear. ~please don't ask me what by-ear means~
I would not mind the question. I would even say "Yes, come and sit with me"... There are no real secrets to profitable trading. It just has to fit your personality. Many profitable traders think they have a secret edge, and are afraid to share, but in reality the edge they have discovered is known by thousands of people or more. Only the profitable trader has put in the time and effort to make it fit to their personality and that is the reason they think they have discovered a secret edge of profitable trading because of the time and effort put in it...
you can sign up for Al Brook's live webinars where he talks about price action throughout the day. he doesn't post his trades live though due to regulatory measures...but you get an idea of his thought process google "Al Brooks Webinar" its $100 a month but if you're a beginner i doubt you'll learn anything except how difficult discretionary price action trading really is
Thanks for all the great responses. I think whether your profitable or not I can learn to try no to make those mistakes. I am newbie interested in learning.
If you can avoid repeating mistakes, it is just as good as profit in fact. Do anything you can to preserve your capital while you learn how to survive in the marketplace. Once you learn how to survive, then you learn how to consistently take profits and make a living out of it. I know it sounds cliche, but honestly do keep a journal. The journal is the most effective tool I know of to minimize mistakes ( by making them only once or twice versus routine ). You will find that trading is the ultimate accountability exercise, and it has way more to do with the five inches between your ears than most give credit for.
successful traders in the house don't want to be bother by small traders. That is because small traders are losers and annoying. They know too well for the facts: More than 90% of small traders lose. They just lose! Successful traders in the house only deal with other successful traders. Who the hell wants to deal with a loser (SMALL TRADERS)
Because those successful traders were once losers too. Most of us were when we first started. My recommendation would be to ask a CPA. It might sound odd, but I did that a year ago and found a couple of great references locally, and the CPA gained some additional business out of the transaction.
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