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Last, I would be a bit careful about getting advice from anyone. I've been down this road many times and it never works. All that happens is that they take you away from what you are doing because they think they know better. They more than likely are not a trader who is killing it, so all...

Thank-you for the detailed explanation.

My guess is that since Tesla's have no Lidar or other fancy sensors, it has to do everything by vision, like humans. And my guess is that it's extremely difficult to do this unless you have lots of computing power.

Here is my confusion. I'm not making any calls as I'm not mentoring. What I was suggesting was the best type of mentor would let you see him trading live. He would be sharing what he is doing with you, both calling out trades as he enters them, and making comments on why he is entering...

What indicator is that line please? And what affects the color change? I'm not sure what your arrows are pointing out, is it an indication to enter a trade? Is it affected by the indicator line? But based on what I'm seeing, if we stop the chart right here where I crop the image, then the...

Although I fully appreciate how dangerous it can be that crypto transactions are irreversible, and in this regard not nearly as safe as having a bank account perhaps, we have to look at this as a whole. The money in your bank account can easily be seized by authorities, and you can also get a...

I honestly have no idea what you are asking and your post is very confusing. Also, I'm not making any price action commentary. What I suggested was a mentor working with a student and the mentor calling out what he sees in real time and any trades he takes based on his observations. This I...

You do realize that there aren't separate buttons for ignore and block for each poster? As far as I can tell, you have the option to ignore any individual, but then only one option to block everyone on the ignore list. So if you block them, they are all now ignored and blocked.

Pretty much all of it... but hey, if a mentor who is killing it would want to point out other stuff, I'd be all ears. Maybe he is using the DOM and sees a thick level, which although I don't consider price action since its not something that price has done, it just another thing to watch. Or...

No offense but are you human or AI?

In this latest crash, much of it was forced selling because of all the blowups from the DeFi companies. When you got 40k bitcoin to unload, and the smart money knows it, they probably are not going to help support the price on the way down until it does hit rock bottom, where ever that is...

Bitcoin is already this. When you do hundreds of hours of research like I have, you find answers to all of these objections. The part about security is interesting because today, it would be impossible for bitcoin to do what it did stealthily like bitcoin did it. Growing slowly until it was...

But perhaps what you see is what won't work. Its all about watching good habits be executed over and over. Imagine wanting to play tennis, and you think you're doing good because you know how to hit the ball, but for some reason you never win matches. Then after watching a pro play, you learn...

Yes, I agree with this. But this also means that the educator can be just as broke as the student because although they know methodology, they can't put it all together.

Excellent story, thanks for sharing. Here is the thing for me though. If I was a successful trader, highly profitable and decided to help, this is what I would think would go through my head with regards to mentoring. (clearly its difficult with a random person, because why give away the holy...

ET had a shit ton of mentors over the years, and all of them failed traders. The only thing I would expect a mentor to do would be to allow me to follow his trades (clearly for strategies that aren't liquidity constrained like trading the ES or NQ as an example) Now why do I say this? Its...

Thanks for this reply and your understanding. It is almost ironic how essentially everything you need to do can be distilled into a simple statement, like cutting your losers and letting the winners run, but figuring out all the parameters to get there is really quite involved. Its like a...

And this is in fact the problem. The new trader will absolutely let his imagination run wild and every trade will be different. Some will have a tight stop, others will use a bigger stop. Some trades will be with trend, other will be counter-trend. Then perhaps a scaling-in strategy will...

Although your post is excellent, and I don't mean to argue with it, there is I believe a fallacy that stands out. If you are meant to take profits on trades so that you at least hit a win 20% of the time, how are you going to capture that outlier which would give a 50:1 or 200:1 payout? Sure...

I think its excellent that you ask SML, but I would like to give my own input. If we consider a dice with 6 sides, hence lets call it a 1:6 vs 1:5 ratio, and you win $100 for each time you hit a 6, but lose $10 for each time you get any other number, this would clearly be profitable. (its of...