Sounds like a lot of money for a mentor, a shrink or a coach for that matter. Hard to understand the need especially given that you are a seasoned successful trader.
Free Mentoring
- Thread starter Brandonf
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Sounds like a lot of money for a mentor, a shrink or a coach for that matter. Hard to understand the need especially given that you are a seasoned successful trader.
YES. It is expensive the thing is that he is giving me a great starting point. If I am able not to lose money with all the ups and downs of the market, it is only a matter of time before I make money.
I am a successful trader, but only at stealing candies from kids.
Jan -0.82% Feb + 8.05% March + 0.48% - - - - - - - - -
Q1 Performance 7.68%
I usually make about 30% a year.
To make more I would have to take more risk. My mentor is teaching me how to apply the same strategies I already apply in the market also for futures. Didn't star yet, but I will start soon I am about to open an account to trade futures with Interactive Brokers.
Futures are like options on steroids because there is a lot of leverage 1 to 20.
The idea is to make 50% or more AND keeping the same risk exposure I have now.
Thing is that I too have been looking for a mentor and I did it for a long long time. I finally found a good one and it was not easy. We started 1 month ago. When people think that all they have to do is to go online ... again, good luck, you are going to need it.
( By the way I saw his track record and is rock solid )
Q1 Performance + 20%. He is a hedge found manager, since he manages money for other people his first obligation is toward his clients and his time is limited. That's why his time is valuable, that's why I pay him $ 2000 x month.
Honestly I am happy to pay him because he doesn't mentor or want to mentor anyone. I think I will make it all back and some once I learn from him.
So, how did you find your mentor? Is he mentoring others or you only?
This is some divorce statistics:
38.8 % of men that got married between the ages of 20-24 end up in divorce.
and only
6.5% of men that got married between the ages of 35-39 end up in divorce.
Does it mean that older guys have more patience? (or deaf
)and eventually more likely to succeed?
My guess is even after hundreds of hours of Brandon's valuable time many guys will be disappointed.
38.8 % of men that got married between the ages of 20-24 end up in divorce.
and only
6.5% of men that got married between the ages of 35-39 end up in divorce.
Does it mean that older guys have more patience? (or deaf
)and eventually more likely to succeed?My guess is even after hundreds of hours of Brandon's valuable time many guys will be disappointed.
Maybe he made a pact with "god" and promised to help people to learn how to trade IF he would just let him survive his cancer. Who knows? Maybe he believes in Karma.
I'm a becoming a better trader everyday, by trading. That said, I'm not against learning something new. Brandon, if someone drops out I'll happily take their place.
I'm a becoming a better trader everyday, by trading. That said, I'm not against learning something new. Brandon, if someone drops out I'll happily take their place.
Whats a realiable sourse? How about someone who currently manages $35million and who has never had a losing month, let a long a losing year since starting the program in 2002. How about a person who used to charge $5000 for the basically the same thing that will be given to people.
If you feel it wont be of value then go do something else? How hard is that?
Good luck with your quest Brandon. I commend you on your generosity.
Although I should say good luck to your students. They will need it. I doubt half will last 6 months. Not because I doubt you, but because your work ethic will be too much for many.
Your style of trading is what would like to do. Unfortunately ( or better yet fortunately), I have a business that is quite successful.
and I doubt even I could have the discipline to research and study like one needs to succeed at your style trading.
Although I should say good luck to your students. They will need it. I doubt half will last 6 months. Not because I doubt you, but because your work ethic will be too much for many.
Your style of trading is what would like to do. Unfortunately ( or better yet fortunately), I have a business that is quite successful.
and I doubt even I could have the discipline to research and study like one needs to succeed at your style trading.
I already read 1 of the books Brandon recommended - confessions of a stock broker
they author's strategy is building a great portfolio - is to do a very extensive "hand made" research (all the way to calling printers ho print cardboard boxes or the product) and looking at backlogs of the products not earnings, also he likes "undiscovered" companies with "cookie cutter ability to replicate their business strategy" that have no or very little analyst coverage.
Currently reading "hedge fund edge"
One up on wall street has "miniature edition" - its a joke, that the one I got - make sure get a normal version
they author's strategy is building a great portfolio - is to do a very extensive "hand made" research (all the way to calling printers ho print cardboard boxes or the product) and looking at backlogs of the products not earnings, also he likes "undiscovered" companies with "cookie cutter ability to replicate their business strategy" that have no or very little analyst coverage.
Currently reading "hedge fund edge"
One up on wall street has "miniature edition" - its a joke, that the one I got - make sure get a normal version
One up on Wall Street is great because it gives you a great idea of the restrictions placed upon major players in the market. As a smaller player you can be all over this and use it very much to your advantage.
Second, I saw a commerical last night for something like GoTo, it wasnt gotomypc, but something very similar. It allows unlimted participation and had a free thirty day trail. I'm going to continue to look for that and see what we see.
Brandon