I m looking for a mentor

[Sekiyo]

Thor,

Where does a trader obtain a setup that takes about 15 minutes to learn and become consistently profitable?

Thank you kindly.

IMO the theory should be simple.
A break out can be explained in less than 10min.

But to recognize the pattern in real life,
To master all the repetitions and the differences,
This is ultimately what’s going to take time to learn.

To Master a setup takes time.
Even if it’s simple like ABC.

You won’t be mastering till’ 100s + of iterations.

 

[ironchef]

learning to trade is hell...i know it... i have lived through hell for 13 years.

but with a smile kept my eye on the goal: HEAVEN

but this is the best advice i have seen:

https://www.scoopwhoop.com/inothernews/arjunas-bird-eye-test-teachings/

always trade technicals......... forget targets......i want to be that sort of trader .....a chameleon.... i do not want to buy and hold...... that is why i lost money for 13 years.......to learn to be a Darwin trader...one that adapts too his environment...and not get killed like the dinosaurs

yeah yeah....i do not want to get a point ...i can only see the bird's eye

I thought you said 20 years at one time.

Wait, at another time you said 30 years?

 

[ironchef]

Besides, i would never trust a mentor that has learned nothing from his own mistakes for 30 years. How can anyone that doesn't realize what his own mistakes are and even after 30 years makes the same mistakes, blow out an account almost every day, be the best mentor out there.

You don't have a winning mentality, you have a fairy tail mentality.

I am not saying traders can't learn anything from you, you can add some value, but only when the topic is about how not to do it ...

Correction, he said 13, not 30.

 

[deaddog]

IMO the theory should be simple.
A break out can be explained in less than 10min.

But to recognize the pattern in real life,
To master all the repetitions and the differences,
This is ultimately what’s going to take time to learn.

To Master a setup takes time.
Even if it’s simple like ABC.

You won’t be mastering till’ 100s + of iterations.

You mean; when price does this; the next bar will always do this; except when it doesn't.

 

[p0box4]

Correction, he said 13, not 30.

He said so many things in the past ...

He said 30 multiple times and 13 multiple times.

 

[ironchef]

How do we make it up to him? Can everyone put down a book or timeless advice for him? I thought FrankInLA was on board to help.

I am in the same boat as OP, learning, trying to improve. Besides, OP wants to trade futures. I have no clue how to trade future, I only trade options.

ET, all of you including @padutrader, who I like to poke fun at sometimes, are my mentors. Something @padutrader said makes sense: Mostly, you learn from you mentor what NOT to do. What you do you need to figure that out yourself, no one can teach you because trading is so personal. What works depends so much on personal situation and personality.

 

[Sekiyo]

You mean; when price does this; the next bar will always do this; except when it doesn't.

When it doesn’t is part of the plan.
No setup is 100% successful of course.

 

[deaddog]

When it doesn’t is part of the plan.
No setup is 100% successful of course.

Always comes back to the plan!!

 

[a_c]

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.

I agree 100%. fake training coaches , unprofitable boasters & those who don't want to share their method often say it takes years to learn & you need to find a method that suits your personality - this is just to dodge questions & fool around. A profitable method will be profitable for anyone if followed correctly, it will not check personality of the person. It may take years to find a profitable strategy but it does not take years to learn a profitable strategy.

 

[ironchef]

I agree 100%. fake training coaches , unprofitable boasters & those who don't want to share their method often say it takes years to learn & you need to find a method that suits your personality - this is just to dodge questions & fool around. A profitable method will be profitable for anyone if followed correctly, it will not check personality of the person. It may take years to find a profitable strategy but it does not take years to learn a profitable strategy.

Two questions: How long have you been trading profitably and are your trades on autopilot without your intervention?

Very few of us newbies can strictly adhere to a set of rules and how we trade depends on our situation, whether we have a day job, need the profit to put food on the table, willingness and ability to take risks... will affect our trading method, affect our results. Trading is a probabilistic game not a deterministic game.

Even with auto-trade, most algorithms need periodic adjustments, it is a probability game and the probability keeps changing, hard to pin down.

Imagine in Mid March, how many had the nerve to kept buying when everyone was dumping? It is easy to pontificate, hard to execute.