Is a mentor necessary to have success as a trader

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I think Brandon is absolutely correct. Been in the business for almost 10 years and 9 out of 10 of all the best traders I know have had a mentor early on in their trading careers. I am certain that I wouldn't have experienced as much success if I didn't have mine. I watched and emulated one of the best traders during my learning year. You end up customizing your own style but to be able to have a "mentor" is not the same as just sitting next to someone who is successful. When I refer to a "mentor", I mean someone who has in interest in your success. I'm sure there are some who say they don't need one but that's because they didn't have one. Having a true mentor is priceless.
 
I think a high majority of all new Traders would choose mentoring over teaching themselves how to trade,but finding a good mentor is like searching for the Holy Grail,in the end the new Traders either teach themselves or call it a day.There will be a small percentage of people who got lucky and found a good mentor.
 
Quote from StockOperator:

I think a high majority of all new Traders would choose mentoring over teaching themselves how to trade,but finding a good mentor is like searching for the Holy Grail,in the end the new Traders either teach themselves or call it a day.There will be a small percentage of people who got lucky and found a good mentor.
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That is so true.
 
Quote from Brandonf:

Quote from OPTIONAL777:

Looks like the yes votes have it so far to me.
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Here is the exact quote from you:

"Ask anyone living the dream of trading for a living to list the most important factors in their success and nearly every one of these men and woman will list having had a mentor as one of the most- if not the single most important factor in their success.

You claim nearly every one lists that having a mentor as the most important, or one of the most important factors.

Nearly everyone would be, in my estimation in the 90th percentile.

To this point, based on the polling data, you are incorrect and/or misleading in your statements of the number of traders who list mentoring as essential or at least one of the essential requirements for a career as a trader as being nearly every one.

Better get on the horn and have your followers create a ton of aliases to swing the vote into the 90th percentile.
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Quote from marketsurfer:

it all depends on how the individual learns. some people can read and learn, others need to be shown, still others need to be shown again and again and again. as you know, 777, there is a difference between a "mentor" and an "educator". an "educator" teaches someone to do something so they can do it themselves. a "mentor" ,at least in the way the term is being used here , seems to indicate dependence on or never ending tutelage. it also seem to be condescending to those who are seeking true education but end up with a "mentor". i support educators but question mentors.

best,

surfer
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I quite agree. My point of the thread is not whether mentors can help, if you can find the right mentor, but whether or not mentoring as suggested and sold as a service by Brandon is essential to success.

Brandon claims that nearly everyone who is successful agrees with his perspective on mentoring, and I don't believe that statement to be true, I believe many have become successful without a mentoring process....and if Brandon's statements are not true then he falls into the category of hyping by a salesman to sell a product or service.

Once some has been shown themselves and their business practices as those of a liar or one prone to exaggeration, you begin to wonder what else they are lying about or exaggerating about.

Brandon put his credibility on the line, I am simply employing a poll as a means of testing that credibility.
 
Quote from OPTIONAL777:




Here is the exact quote from you:

"Ask anyone living the dream of trading for a living to list the most important factors in their success and nearly every one of these men and woman will list having had a mentor as one of the most- if not the single most important factor in their success.

You claim nearly every one lists that having a mentor as the most important, or one of the most important factors.

Nearly everyone would be, in my estimation in the 90th percentile.

To this point, based on the polling data, you are incorrect and/or misleading in your statements of the number of traders who list mentoring as essential or at least one of the essential requirements for a career as a trader as being nearly every one.
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Based on the way you've set this up, you can't make this statement unless you can demonstrate that everyone who has responded to the poll is making a living out of trading. And I somehow doubt that this is the case.

Now if you want to create another poll which reads "anyone trading" rather than "anyone living the dream of trading for a living", your results might differ considerably. But then that would have nothing to do with BF's original statement.
 
Quote from StockOperator:

I think a high majority of all new Traders would choose mentoring over teaching themselves how to trade,but finding a good mentor is like searching for the Holy Grail,in the end the new Traders either teach themselves or call it a day.There will be a small percentage of people who got lucky and found a good mentor.
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if that is true, then that is very sad. i personally sought after direction -- this is part of how i start to learn anything that i want to master. you may not find the perfect teacher, and the 'teaching' may be very informal, but this is vital. people who give for nothing in return are very easy to spot. they stick out like sore thumbs most of the time. unfortunately, alot of people FEAR asking that person for help. this is a problem throughout all human nature.

you'd be surprised how easy it is to find help if you try. you'd be even more surprised to find out that the best help is usually free.
 
Quote from dbphoenix:



Based on the way you've set this up, you can't make this statement unless you can demonstrate that everyone who has responded to the poll is making a living out of trading. And I somehow doubt that this is the case.

Now if you want to create another poll which reads "anyone trading" rather than "anyone living the dream of trading for a living", your results might differ considerably. But then that would have nothing to do with BF's original statement.
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exactly.
 
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