I am sick of these fake mentors

[Buy1Sell2]

After carefully reading the "price action" mentors on this site, it is quite obvious that there is zero value in their 100000's of words-- much cut and paste--- I truly feel sorry for anyone who actually takes this bogus advice and trashes their account due to the idiocracy passed off as market knowledge.

I have always sought out and found mentors that have proven histories in whatever they are doing-- It's not hard to find and work with, befriend these folks-- no need for the phony bogus assclowns.

ALWAYS look for evidence when seeking a mentor-- the anonymous mentors on this board RUN whenever any questions are asked--

Here is a great article that explains how to find a real mentor, so you don't have to keep following the loser phony mentors on elite.

THE material on RESEARCH is key---
https://www.linkedin.com/pulse/ultimate-guide-finding-mentor-james-altucher?trk=prof-post

I've had about 8-9 mentors in my life. I've had many many more virtual mentors. And it's an ongoing process. I try to learn from everyone. I constantly try to find people I respect who can teach me what they do. Right now I have mentors ranging in age from 20 to 80.

I also get better at the quality of people who mentor me. No more mistresses, for instance. But this was a learning process.

Learning never stops. Many people die at 25 but are not put in the coffin until 75. The learning stopped for them early.

Every day I seek out mentors: people who have great experience to help me, particularly in areas I am new to, excited about, and know nothing about.

Here are the only ways I've ever been able to find a mentor. I hope they work for you as well.

RESEARCH

I do heavy research on their bios, their histories, everything. One time I even read an academic paper written in 1965 by one person who I wanted to mentor me and I sent him my comments on it.

I read all the books they like and have spoken publicly about. I read all the analysis on the books so I can discuss it with them. I read all of their books. I read about people they've previously mentored and what happened.

This may seem overly coordinated or manipulative. But this is the real world and not the land of legend where magical caddies help golf pros deal with a spiritual crisis in the middle of the most important tournament of their lives.

VALUE

I send ideas how they can improve their businesses. I still do this every day. I just did it about 20 minutes ago with a business I want to learn more about.

But this involves even more work and research. For me at least, I have to put in a lot of time before someone wants to spend time with me.

AGREED

 

[Frederick Foresight]

Surf, every would-be trader with no analytical skills hoping to make a great living off of 15K needs the right fake mentor to guide them through the process. It starts with Delusions of grandeur, then Euphoria at finding the right fake mentor, eventually denial or poor results sets in, and ultimately frustration and despair which causes the light bulb to go off for the select few. At this point an elite group of novice traders step up to become the next generation of fake trading mentors.

If this cycle was not maintained, how many second tier brokerage firms and vendors would go out of business?

Since we're all speaking in the abstract, as no names have been mentioned, what would you make of someone who, hypothetically, posts calls based on, say, a price motorist system, the nature of which he discloses not at all but often encourages readers to trade the calls? Continuing in the hypothetical, let's say he only posts entries, almost always after the fact, and then tells his avid readers to figure out their own exits. Not that any thinking reader would act on such unexplained calls or any other for that matter, but to then not provide even an idea of a protective stop as context of the call's time frame, when to the reader it's strictly a black box call, seems doubly irresponsible, wouldn't you say?

We're just spitballing here, so I'm curious to know what you would make of such a hypothetical. A general impression will do.

 

[Buy1Sell2]

, but to then not provide even an idea of a protective stop as context of the call's time frame seems doubly irresponsible, wouldn't you say?

MOST CERTAINLY

 

[Turveyd]

Since we're all speaking in the abstract, as no names have been mentioned, what would you make of someone who, hypothetically, posts calls based on, say, a price motorist system, the nature of which he discloses not at all but often encourages readers to trade the calls? Continuing in the hypothetical, let's say he only posts entries, almost always after the fact, and then tells his avid readers to figure out their own exits. Not that any thinking reader would act on such unexplained calls or any other for that matter, but to then not provide even an idea of a protective stop as context of the call's time frame, when to the reader it's strictly a black box call, seems doubly irresponsible, wouldn't you say?

We're just spitballing here, so I'm curious to know what you would make of such a hypothetical. A general impression will do.

I see loads claiming to be expert, posting huge P/L, but never actually posting a entry or a exit at all, even an entry would be good, if price goes 20 the right way generally from a entry that would do me, exits are tricky things.

Don't follow ET that much recently, so no idea who the scammers be these days, few old 1's I suspect ofcourse.

 

[loyek590]

Since we're all speaking in the abstract, as no names have been mentioned, what would you make of someone who, hypothetically, posts calls based on, say, a price motorist system, the nature of which he discloses not at all but often encourages readers to trade the calls? Continuing in the hypothetical, let's say he only posts entries, almost always after the fact, and then tells his avid readers to figure out their own exits. Not that any thinking reader would act on such unexplained calls or any other for that matter, but to then not provide even an idea of a protective stop as context of the call's time frame, when to the reader it's strictly a black box call, seems doubly irresponsible, wouldn't you say?

We're just spitballing here, so I'm curious to know what you would make of such a hypothetical. A general impression will do.

what would I make of it? Get a life man. Might as well ask, "Do those high pressure hoses they sell to wash your car and aluminum siding on paid programming on late night tv really work?"

 

[bone]

This reminds me of the "short Shake Shack" proclamation thread on April 25th because it tastes so bad. No price action mentoring was used.

 

[Pekelo]

Today I was so bored, I even clicked on a MS thread although I have the guy on ignore. He is bitching about mentors although not a trader. Then why? ET's viewership won't increase by these fake MS threads...

I will check back in a week...

 

[Turveyd]

This reminds me of the "short Shake Shack" proclamation thread on April 25th because it tastes so bad. No price action mentoring was used.

Goto www.I-Need-A-Sense-Of-Humour.com!

 

[bone]

The irony of it all is that a couple of simple "price action" tools - namely a trend line and the recognition of higher highs and higher lows on SHAK would have kept MS from shorting SHAK.

Price action might be a better way to trade or make public calls than a bad dining experience. Just saying.

 

[dbphoenix]

The irony of it all is that a couple of simple "price action" tools - namely a trend line and the recognition of higher highs and higher lows on SHAK would have kept MS from shorting SHAK.

Price action might be a better way to trade or make public calls than a bad dining experience. Just saying.

Didn't you get the memo? Charts are nonsense . . .