Looking for a Trading Coach?

Looking for a Trading Coach?

  • Yes

    Votes: 42 39.6%

  • No

    Votes: 64 60.4%
  • Total voters
    106
Quote from damnit:

I personally hate trading mentor's and everything they stand for.
More...

Unless of course, they are the 1 or 2 in a hundred that actually know what they are doing :)
 
This guy helped my trading tremendously.

There's a lot of scammers out there but this guy will only accept one student at a time. My only complaint is that the course only lasted for 2 days.

Here's the course info if your interested:

http://crossovertrading.com/
 
Quote from NihabaAshi:

You don't need to follow every trade because that's not possible due to the fact you won't be able to trade every trading day (sick, vacation, personal appointments, computer problems, broker platform problems et cetera).

Therefore, the real question is what reasons do you have when trading that will prevent you from following most of the system trades???

There's two possible reason why traders can't follow a winning system when trading:

* There's something about the system that prevents them from developing confidence in a winning system.

* There's something about you that prevents you from developing confidence in a winning system.

In my opinion, one of the best ways to get over the fear of following a winning system or to develop confidence in the system are via the following:

* Watch someone in person use the system profitably in front of your own two eyes for many trading days.

(no chat room stuff)

They dont' need to coach you unless your need help from someone that specializes in the psychological aspects of trading.

The purpose here is so that you can see someone else that has confidence in using the system and that in itself is very empowering.

* Start very small on your position size until you develop enough confidence to consistently apply the system prior to moving up to your normal position size on trades.

The above will help you endure any drawdown periods that may show up during your early use of a system because you've reduced your risk exposure during that critical early use of a new system.

Last of all, the key is to apply the system most of the time instead of just on a few occasions when you feel good about trading.

At the same time, it will be impossible to trade every trade signal by your system due to the above reasons I stated unless your using a automation trading system that places the trades for you.

Mark
More...

A great post Mark. You are one of the few good posters left here at ET.

After 2 years I am just really feeling comfortable with the method of trading I have been working with for about 5 months. For me, trading with price and volume is very logical because it based on supply and demand and value, and I am a value oriented person. I have a few set ups I really feel comfortable with that I now need to look at some historically and then forward test them and then hit it. Before, some of the things I learned made sense, but a lot of it didn't seem logical to me and therefore, as Mark stated, I couldn't execute because I didn't believe it. Because my method of trading now seems so logical it is much easier for me to execute with more confidence.
 
Quote from trackstar:

awesome thread. best info ever posted in ET
More...

Hi,
chart book included

2vtwkjr.gif
 

Attachments

you seem like a very detail oriented, observing and disciplined person who will not have any problems becoming successful in this biz within a couple 2 years at least.
Your quote below is your perfect guide already.
the only thing additional is don't worry about your own psychology, worry about learning the market's psychology, instead!
when you're there, you'll know it, you'll be trading without stops, you'll know the exact turns and your trades will be very close to 100% successful! although a lot them may not which won't be your fault since the market behaved differently due insider trading but then you must be able to immediately identify and take advantage of the unexpected change.
use books to learn the basics only and then sink deep inside, minimum networking and 20 hr./dayx7 R&D.
You MUST know programming and statistics.
that's all... :)
Quote from Gyles:

Sincere thanks for your informative posts. So, my understanding of the following is as follows:
  • We can not rely on a “Trading Coach” alone to succeed.
  • We need to observe people who have already have had experience in this field.
  • Though, we can dream big, but we should start out with small steps.
  • We need to trust our own instincts and learn by experience.
  • Moreover, we need to overcome fear of losing money and go ahead with a positive attitude towards trading. We should not be let down by loss of money, as we can gain in other places
    [/list=A]
    Am I right? Please elaborate.

    Also, this book “Trading in the Zone by Mark Douglas”, was suggested. Can someone say something about this book?

    Moreover, does anyone have or can suggest any other book(s), they think would be a good investment?
More...
 
You must log in or register to reply here.
Back
Top