I m looking for a mentor

padutrader said:
yes

i found that out in my 25 years of golf.

mentoring helped me define my method because what ever i said i would be challenged and i has to explain it so my mentoring actually helped me.
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I like the analogy of trading and golf. There are a lot of similarities.

In theory it is a simple game. All you have to do is hit a little ball down a field and put it in a hole.

The best of the best earn millions of dollars doing it.

Anyone can buy a set of clubs and call themselves a golfer. Yet less than 1% of golfers who keep a handicap are able to break par regularity.

You can go online and buy or get free instructions on how to improve your game.

There are teaching professionals who teach the fundamentals of the game who are not good enough to earn a living playing the game.

And finally, there are thousands of amateurs giving advise to other amateurs that is completely wrong.
 
wrbtrader said:
You should consider just writing down your trade method and then share it with anyone that wants to learn it. Let them use it anyway they want to even if its different than how you're using it.
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Hello wrbtrader,

I agree with this part regarding writing down your trade method. I trade price action on the lower time frame chart, 5 minutes and when I right down my why/how/when to enter and exit trades, it helps me. Traders think they can just "give it a try and see". yes this is fine, but after about 20 trades, its time to put on paper like a business plan. Yes, it takes awhile, but lets you add your personality and how I want to run my business.

Also, writing the method down allows for going back a few years and back testing for about 100 trades, just to get feel or modifications of the method.

I feel the more you see, the more you practice, the more you get better.
 
destriero said:
I hope you didn't spend too much on that BS. A collar is a synthetic bull spread. Yup, just a bull vertical. It's what made Madoff's fraud possible. Knowing synthetics would have saved $50B (Madoff's Ponzi).
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The book isn't just about collars, there is a complete trading method described using a collar and ratchet by adding shares and includes example trades.
Even an average trader can benefit, for a market timer, the potential is much higher. There is a thread in this forum from 2008 or so, on the book, based on which I read it.
 
Thor said:
The book isn't just about collars, there is a complete trading method described using a collar and ratchet by adding shares and includes example trades.
Even an average trader can benefit, for a market timer, the potential is much higher. There is a thread in this forum from 2008 or so, on the book, based on which I read it.
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The fact that the author doesn't know they are identical makes his knowledge suspect.
 
Hi guys.
Back testing ideas is great, although I found that in real time it works differently. Market conditions might change, prices wont move, e.t.c. I seached for years for a mentor and only after few years found one that taught me to make profit every day. Thats going back years now. I started a journal to share few screenshots and how I trade and show that profits can be made. A little hint, throw away indicators and focus on price movements. Although every trader trades and analyses differently. Better trading to all
 
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