Do you know Mike Higgins, a jazz sax player. I want his contact info if you have any.
Why the fixation on 5% per day? It's a very tough nut to crack.
I'm looking for a /ES mentor -and i'll give you half my profits for 2yrs.
- Thread starter djporter91
- Start date
Why the fixation on 5% per day? It's a very tough nut to crack.
JAZZ...
yess...
yess...
This is kind of funny when you think about it. OP is going to pay half profits from profits that are only being achieved because of lessons he receives from a principal amount that said teacher could easily just add on top of their own principal from their own profits and receive 100% of profits and not have to have spent a ton of time having to teach on order to receive, assuming the trainee achieves profits at all.
This is akin to working a job that someone else gets paid for you doing, and them being kind enough to give you half the paycheck they only received because you did all the work.
This is akin to working a job that someone else gets paid for you doing, and them being kind enough to give you half the paycheck they only received because you did all the work.
That's why OP must pay half of mentor's profits for 2 years,
irregardless of whether OP make it or not.
Yeah, but even still the mentor is essentially footing the bill. The mentor has his own $10,000, $20,000, $whatever,000 already. He already has the knowledge in his head to make X% each day already. But in this situation he is going to have to sacrifice ample time of his own time just to teach and receive money of half profits (if they are earned at all) to teach a system said mentor learned and sacrificed to perfect because OP doesn't want to learn from their own mistakes.
This same mentor could spend 0 hours that would be better spent perfecting his own edge and receive full profits. The mentor is essentially paying to teach in that he is sacrificing countless hours to receive profits he could make with his own money, and would receive 100% from. Even if OP gave 100% profits it's not worth it because any successful trader could make these profits trading themselves while not having to expend their own time in order to teach the person.
That's just reality of it.
It's a reality many don't understand when they do these types of solicitations for a trading coach.
They need to also financially compensate the coach for any lost income to make them equal to the income they saw in those verification broker statements.
For example, pretend the coach was averaging about 6k per week but only made 3k per week during the coaching of a student for a month worth of coaching.
That's lost income of about 12k for that month alone. This is why any legitimate profitable trader does not get involved in coaching / mentoring unless the trader will be compensated for the lost income.
Simply, its laughable when someone states you'll get part of their profits unless the student has a trading account so large that the offered profits equal or exceed the profits of the coach / mentor.
That alone may not be enough because most traders tend to be the lone ranger type. Their privacy / time / energy is much more valuable.
Then again, if the student has a sexy spouse...throw her into the barter. I'm sure there are some creepy ET members willing to take a look at the offer.
wrbtrader
Lol, exactly. Add the intrinsic value that time could be used for in creating greater value in your trading strategy by sharpening your edge by analyzing your losses, reading educational material, and other aspects. There are so many things far more valuable that time could be spent on that would far outweigh any value in this redundant task.It's a reality many don't understand when they do these types of solicitations for a trading coach.
They need to also financially compensate the coach for any lost income to make them equal to the income they saw in those verification broker statements.
For example, pretend the coach was averaging about 6k per week but only made 3k per week during the coaching of a student for a month worth of coaching.
That's lost income of about 12k for that month alone. This is why any legitimate profitable trader does not get involved in coaching / mentoring unless the trader will be compensated for the lost income.
Simply, its laughable when someone states you'll get part of their profits unless the student has a trading account so large that the offered profits equal or exceed the profits of the coach / mentor.
That alone may not be enough because most traders tend to be the lone ranger type. Their privacy / time / energy is much more valuable.
Then again, if the student has a sexy spouse...throw her into the barter. I'm sure there are some creepy ET members willing to take a look at the offer.
wrbtrader
Basically, the return value would have to be something beyond monetary value thr mentor wanted that the trainee could provide.
Student barters his spouse to ET member willing to coach. Youtube clip of the actual negotiations...
Note: +100 ET members with their verification documents in hand contacted the student to be his coach after the above video was posted.
wrbtrader
Last edited:
OP,
You messed up in the first place by trading the ES. It is THE MOST DIFFICULT e-mini to trade due to its relative lower volatility. You should have concentrated on either the NQ or RTY. Then, you would at least have had a fighting chance.
No one can help you but you. Trading isn't a team sport.
You messed up in the first place by trading the ES. It is THE MOST DIFFICULT e-mini to trade due to its relative lower volatility. You should have concentrated on either the NQ or RTY. Then, you would at least have had a fighting chance.
No one can help you but you. Trading isn't a team sport.