Quote from innersky:
Jack,
You asked the question but didn't answer it. How many hours does it take to learn the (correct) market mechanics?
I have time lines on three local groups.
One has been around for years and they absorb a new person quickly and he just blends into the trading being done. An assortment of prompts are used and most learning is afterhours in 1 on 1's. this takes months.
A host of a party I went to expressed an intereast. we met three times with a week or so in between. So he printed five copies of three 3 ring binders.
yesterday, he had rearranged his offic and had the rug cleaned added a conference table and five ergonominc chairs. His IT joined us at about 9:30 and we went to lunch at 12:30.
The wall TV was up and a white board was leaning below where it would be mounted.
first we agreed on the eletronics from router to laptops to TV switching to printing to drilling holes in oak and why hard wiring to IB's was going to happen. The new computer assembly began by four oclock.
the traders met as a group for the first time.
We ripped through 75 pages of text for trading four capital streams over a week long period.
the talent ranged from office manager, IT installer, and regional jobbing of vegatables (3).
so we talked in terms of baseball and grape grower to consumer parlance.
they set up:
1. Universe and sort. (seven stage sort and Excel tracking system).
2. weekly plan four four capital streams per trader. (run in parallel)
3. how to enter late and exit early to get the max d$/dt on crossover trading using a hot list.
4. they discussed capital compounding from IC to 512 times IC. they agreed to remove IC on first doubleing. the psychologial aspects of only trading profits was clearly addressed.
This took three hours of contact in an office being wired and having computers built. Most of the computer construction is done today I was told (16Gigs of ram will work for first year when move to bigger location will happen).
Each of the five folks is responsible for training two NFP finance guys after each has facility.
Can you point me to a successful trader that is willing to mentor?
Yes. All towns, small or large, have pools of great mentors. It is a two step process and works quite fast.
1. Join a trading club.
You will find all sorts of traders. They luv to share experiences. And they like to have guest speakers.
2. Part of most trading clubs is the aspect of "What's New". usually a few will express and interest is checking out something new. Take Renko it is not new to the world but it might be new to the club. surely someone will know ll about point and figure. It is a "natural" to get a few interested in the similarity of Renko to P&F. Soon the people checking out Renko will be prepared to do a public meeting on what they figured out.
In Tucson, we had bi weekly meetings and two of the C2 contract programmers began to sit in. A lot of people allowed them to discuss how to join C2 for building a track record. a lot of us actually when out to their programmming office to see demo's of shaping up trading approaches to get them to work on C2.
So there is a pseudo mentoring source already built for any one wanting to learn any approach. Just join a trading club and ask around if there is any interest in building an ATS or manually trading the complete set of sheets posted in this thread.
Any experienced and successful club member can "can" all of this stuff in a NY minute. most clubs have members that are "out of the box" if there is any recognition of finite math and coding in boolean algebra, then you have it made.
--
innersky
