I m looking for a mentor

SimpleMeLike said:
RDK91,

Good work.

I applaud you for questioning and challenging a trader track record who is seeking to give others traders advice, as in the trading industry there is a ALOT of false advertising. ET members need to applaud you for this effort.


I been a topsteptrader for 4 months now trying to get funded. See my results below. Almost there, but not yet. You see how easy that was for me to say. Everyone needs to be more honest about what they are doing. As I stated on another thread, you never know who is reading this and can send someone down a long wrong rabbit hole. And that is what fucks ALOT of newbie traders is. TOOO much unverfied information. But I have learned that, in the trading business, their is alot of bullshit. I work on a oil rig, and you best to believe we are all RESPONSIBLE for questioning others action as it could kill us all if one person makes a bad decision.

ET needs to really restrict the trading advice that is given and make people have a signature in their profile if they are profitable trader. This way a trader can take the advice as they want it.


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Nice work so far, i hope you get funded!

I have nothing against traders giving advice and tips for other traders (even traders who are not profitable can share useful knowledge), however Padu has more than once posted how great and successful he is, well obviously he is not and it is also my opinion that such things shouldn't be allowed.

Every trader has struggled in the beginning and might get into hard times even after years of profitable trading, nothing wrong with that, however claiming you are very successful and teaching or mentoring others while you are obviously not successful is just wrong.

If i have some free time (and i have plenty since i only take a few traders a day) and i notice someone lying i will not hesitate to expose them, even if that means some people are going dislike me, i don't care.
 
RDK91 said:
Nice work so far, i hope you get funded!

I have nothing against traders giving advice and tips for other traders (even traders who are not profitable can share useful knowledge), however Padu has more than once posted how great and successful he is, well obviously he is not and it is also my opinion that such things shouldn't be allowed.

Every trader has struggled in the beginning and might get into hard times even after years of profitable trading, nothing wrong with that, however claiming you are very successful and teaching or mentoring others while you are obviously not successful is just wrong.

If i have some free time (and i have plenty since i only take a few traders a day) and i notice someone lying i will not hesitate to expose them, even if that means some people are going dislike me, i don't care.
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RDK91.

I APPRECIATE you and others should as well. Keep on exposing any ET member on this forum who is claiming false information. I agree with you, it is OK to be a non profitable trader and give advice, but have the integrity and ethics when someone ask you if you are a consistent profitable trader to speak the truth.

We all can have a friendly trading discussion, but boasting about great trading results, without proof is just not right.

As for Padu, I have skyped with him the past few weeks. Very nice guy and means well and he has helped me read the market price action better and understand Al Brooks teaching methods a bit better. I think he knows alot and needs to simplify the charts a bit and get hisself profitable and spend more time on his own work before attempting to mentor others. In my opinion, he is not ready to mentor others for pay, maybe some free direction and advice as it relates to Al Brooks teachings. But he will get better. He still my buddy, but I have to be honest so others don't get misled. My trading has improved some with his help but as with anything, it requires some work on my end as well to make it fit my personality as well. It is a journey.
 
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SimpleMeLike said:
RDK91.

I APPRECIATE you and others should as well. Keep on exposing any ET member on this forum who is claiming false information. I agree with you, it is OK to be a non profitable trader and give advice, but have the integrity and ethics when someone ask you if you are a consistent profitable trader to speak the truth.

We all can have a friendly trading discussion, but boasting about great trading results, without proof is just not right.

As for Padu, I have skyped with him the past few weeks. Very nice guy and means well and he has helped me read the market price action better and understand Al Brooks teaching methods a bit better. I think he knows alot and needs to simplify the charts a bit and get hisself profitable and spend more time on his own work before attempting to mentor others. In my opinion, he is not ready to mentor others for pay, maybe some free direction and advice as it relates to Al Brooks teachings. But he will get better. He still my buddy, but I have to be honest so others don't get misled. My trading has improved some with his help but as with anything, it requires some work on my end as well to make it fit my personality as well. It is a journey.
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There are a few easy things he could do to increase his performance instantly (not saying it will make him profitable instantly, but he won't blowout as much/as fast as he does), unfortunately he is to stubborn.
 
RDK91 said:
There are a few easy things he could do to increase his performance instantly (not saying it will make him profitable instantly, but he won't blowout as much/as fast as he does), unfortunately he is to stubborn.
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RDK91,

You right. He did teach me how to trade the pull backs with strong trend more effectively with some good success. I made about $3K trading crude oil in sim with it. But those trades require a big risk, and has to fit personality type and know when to exit.

He is a good guy, very technical indeed. I want bash him as he trys to help me. He will take the time to answer your question if you have a question. I like him because we both study Al Brooks trading methods.

I think as a trading community its important to help each other. We only 1 brain and 2 arms, with limited amount of time.
 
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If I were getting a trading coach I would focus on someone who could help me with managing expectations, risk management, bankroll management, and most importantly, the psychology of the game. I personally could care less if they ever traded a day in their life. If I need to speak to others (or if the OP needs to speak to others) to find a strategy, then the OP is doing it wrong.

Working with others should be based on significantly increasing your trading through a deeper understanding of your own mind's patterns when losses occur, gains occur, and dry periods, in addition to someone who can develop a strategy of bankroll management that is correlated with your psychological state.

If someone is following another person's strategy they will almost definitely fail in my opinion, as there is very little edge in the market and if someone is willing to tell you their strategy then immediately that strategy should be less valuable to them. Why would they do that?

I'd advise that person to learn to think for themselves and define what their edge is, instead of asking others what they do. If they can't define an edge, then I think they should study charts, markets, nonstop for thousands of hours on their own until they find that edge. Just my contribution, obviously there are other ways then this.
 
SimpleMeLike said:
RDK91.

I APPRECIATE you and others should as well. Keep on exposing any ET member on this forum who is claiming false information. I agree with you, it is OK to be a non profitable trader and give advice, but have the integrity and ethics when someone ask you if you are a consistent profitable trader to speak the truth.

We all can have a friendly trading discussion, but boasting about great trading results, without proof is just not right.

As for Padu, I have skyped with him the past few weeks. Very nice guy and means well and he has helped me read the market price action better and understand Al Brooks teaching methods a bit better. I think he knows alot and needs to simplify the charts a bit and get hisself profitable and spend more time on his own work before attempting to mentor others. In my opinion, he is not ready to mentor others for pay, maybe some free direction and advice as it relates to Al Brooks teachings. But he will get better. He still my buddy, but I have to be honest so others don't get misled. My trading has improved some with his help but as with anything, it requires some work on my end as well to make it fit my personality as well. It is a journey.
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Why do we go through the same crap different year?https://www.elitetrader.com/et/threads/looking-to-find-a-trading-mentor.275739/
 
SimpleMeLike said:
JesseJamesFinn1,

Take it easy man. It is not crap. The OP is just trying to make money and make good decisions. Have some compassion for the newbies as well. It is a forum, people are allowed to post at free will.
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"I
am looking to find a trading mentor to take my tradingto the next level. I am looking to find someone who has a proven track record of profitably trading and earning in excess of 6 figures on an annual basis. I only trade stocks and options. No Forex.". 2013 Does this sound familiar? How would you respond because I felt insulted this op was so blatantly disrespectful. Don Charles has been cool, his question was honest without pretentiousness.
 
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JesseJamesFinn1 said:
"I
am looking to find a trading mentor to take my tradingto the next level. I am looking to find someone who has a proven track record of profitably trading and earning in excess of 6 figures on an annual basis. I only trade stocks and options. No Forex.". 2013 Sounds familiar?
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In 1997-99 nobody wanted a mentor because almost anything you bought went up. Not till 2001 did mentors have value.
 
RDK91 said:
Exactly, a strategy with a 80% win rate can be losing money.
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But no strategy Will make ANY money if it has “0” win rate. So win rate does matter. May we should all hope for and devise strategies with a low win rate? Sound pretty stupid doesn’t it?
 
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