In need of a mentor...

lindq said:
There are many adjectives I can come up with for trading. 'Fun' has never been one of them. Nor, is it likely to be for you.
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If it is fun 20% of the time ; 80% can be not fun@ all/losing capital =horrible But with trading/investing research being fun more than 80%; you may find something you enjoy. For people that treat trading like gambling;some jump out of windows=not fun.:cool::cool:, :cool::cool::cool::cool::cool::cool:
 
Sorry about your situation. I think best way is to develop and see which sort of trading you like and passionate of not just for income. Since learning is endless you wanna develop your own discipline way of trading and philosophy etc., I started option trading wiht 15$ book and relatively successful. Friend of mine asked if he should enroll in 4000$ course which I do not recommend. When I tell them I started with sole book $15 a cost, they do not really believe me.
 
MRPaulson said:
My name is Mark and I am new here. I'm interested in an expedited learning curve to day trading, primarily e-mini S&P. I've bought into a couple of programs that promised support and stated emphatically that their program was perfect for beginners only to be very disappointed with what I rec'd. Support was non-existent and both programs expected a fairly high degree of experience.

I'm 57 and 3+ years removed from pancreatic cancer surgery. So far so good, but due to physical limitations, working an office job doesn't work. I've had interest since before the surgery and was studying when I was diagnosed. Put it all on hold, but now I feel that sense of urgency that comes with age and my diagnosis. Not looking for empathy, just a quick start from the beginning with someone that is successful and willing to teach. I need to still earn a living. I realize it takes time to get up to speed and that many often fail. Any recommendations for a program or person who I can speak with about helping. Not looking for freebies either.

Thanks for your help in advance. Mark
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I hope you get better day by day. This is not a fun game! Stressful and stress is the best friend of cancer cells.

If you still insist, i urge you to learn drawing horizontal support resistance, how they work and why they work. Also ascending, descending trend lines.

After learning them, open a chart in 1 minute time frame. Do nothing but watch. Just watch it like you are watching a tv show. Watch it like 3 hours a day for more than 21 trading days. As I said; do nothing but watch!
 
market -( decisions) ----> losses/gains quantified
decisions -----> stop loss / profit target ------> losses/gains quantified (risk management)

Make 1000 decisions over 3 years

decision number decreases to learned behavior of the market, trading only when its been learned to be optimal.
 
MRPaulson said:
My name is Mark and I am new here. I'm interested in an expedited learning curve to day trading, primarily e-mini S&P. I've bought into a couple of programs that promised support and stated emphatically that their program was perfect for beginners only to be very disappointed with what I rec'd. Support was non-existent and both programs expected a fairly high degree of experience.

I'm 57 and 3+ years removed from pancreatic cancer surgery. So far so good, but due to physical limitations, working an office job doesn't work. I've had interest since before the surgery and was studying when I was diagnosed. Put it all on hold, but now I feel that sense of urgency that comes with age and my diagnosis. Not looking for empathy, just a quick start from the beginning with someone that is successful and willing to teach. I need to still earn a living. I realize it takes time to get up to speed and that many often fail. Any recommendations for a program or person who I can speak with about helping. Not looking for freebies either.

Thanks for your help in advance. Mark
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let me be blunt:no you are not 'in need a mentor'.....the mentor needs you or more specifically your money.

all you have to do is to see the trend and find a way to get on it......

do not overthink the markets.....

the markets and all the experts and mentors encourage you to overthink....they will write books and 1000s of pages....because if they do not confuse you, you will not pay up.

if you like, after making some money, you can still read some books....it is easier to read books on a full stomach....unfortunately I read them on an empty one but I imagine it must be more fun on a full one

If you cannot see it, then wait till you do see it. That is the simplest way....to make money

of course if you still have a great urge to lighten your bank account my bank details are in my journal...I will be happy to carry that heavy load
 
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Ates said:
21 trading days
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I would seriously suggest adding a few, maybe even a lot, of zeros to that figure.

that suggestion of yours is the best and only way to learn....I second it....but a few zeros are needed
 
dozu888 said:
but if you don't need the income, but just want to have fun, that's fine, it's like a roulette machine... but still, cash poker, sports betting will be a lot more fun lol...
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Certainly. At least at the sportsbook I get a free beer and I don't have someone bitching at me to do the dishes!
 
Trading is not for fun. You are setting yourself up for disaster. I strongly recommend you to not touch trading. The way you described your situation almost guarantees that you will lose more than you will make. You mentioned you have other sources of income. Make sure that you have a very good health insurance plan, no matter how much it costs. If your other sources of income don't pay for your life style then downgrade your life style and live within your means. You are 57 not 27. This is the best advice I can give you.

MRPaulson said:
Making it rich is not something I am shooting for. It interests me and I'd like to have fun with it.
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