I don't think I've ever made that kind of money. I make a decent living with a 20% or better return on my capital each year.
I m looking for a mentor
- Thread starter Doncharles2020
- Start date
deaddog,
I agree, but you can buy proper and adequate coaching and teaching as an addtional edge on the road to sucess.
My experience and my experience only is that I ended up with a complementary trading course that retailed for $2900 when I signed up with a broker. There was nothing in the course I couldn't find for free on the internet.
deaddog,
Did the trading course give you confidence or understanding or plan of attack? Did you learn something?
If the answer is yes. Then $2900 was well spent. Good job. You did not know at the time you purchased the course, that same content was online for Free. So you did a good job paying for a course. Money well spent.
As I said before, pay for knowledge and skills is FAR better than learning on your own.
Keep it simple and save time. Work smarter, not harder. I have no problem at all spending thousands on trading course or a mentor. It helps and have helped me. I encourage newbies to the same or bullshit and waste alot of good time. The end goal is not make money.
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I learned that if this course was typical of what was available, and I have no reason to believe it wasn't, that trading courses are overpriced. You can learn most of what you need to know online.
Keep in mind that I moved from being an investor to being a trader. I was aware of how financial markets worked. When I started there was no online. Books, and day old newspapers is where I got my info. School of hard knocks, trial and error were my education. And I'm still learning!!
Yes sir, I understand what mean. It is a continous 90 degree learning curve.
A lot of people make trading much more complicated than it needs to be. Days and years are not required, it can be taught in 15 minutes.
profitable trader = setup + discipline to keep the stop
95% of it is in the setup, if the method is worthless you don't stand a chance.
I learnt my main setup in a multi speaker seminar where each speaker gets 45 mins to talk. 6 months later he put most of the system on the net for free, hoping to get enough publicity to land a hedge fund job.
He used to be a shoe salesman.
The other 11 speakers were not worth the fare to attend the seminar.
profitable trader = setup + discipline to keep the stop
95% of it is in the setup, if the method is worthless you don't stand a chance.
I learnt my main setup in a multi speaker seminar where each speaker gets 45 mins to talk. 6 months later he put most of the system on the net for free, hoping to get enough publicity to land a hedge fund job.
He used to be a shoe salesman.
The other 11 speakers were not worth the fare to attend the seminar.
Thor,
Where does a trader obtain a setup that takes about 15 minutes to learn and become consistently profitable?
Thank you kindly.