Looking for Elite Trading Mentor/Partners.

[sillyw10]

Hello,

I just found this site today and I'm a newbie stepping into the trading zone. I've recently certified with Bloomberg Market Concepts and in the process to select a trading brokerage/platform. I have some experiences using Trading-view simulation account, made 49/50 profitable trades. My goal is to be a day trader equities focused, hopefully to move to swing and long-term in time.

Equities are my main focus and I'm also learning macro-quant and python for data science and trading. Options, bonds, Forex, and commodities are not my learning priorities, but I'm open to learn and broaden my knowledge as well.

I'm 34 yrs old Asian American female with a business science background (really digged finance & econ classes). My strategy is more fundamental focused as I like to stay current with Bloomberg news, crunchbase, seeking alpha, and etc. I usually spend a good amount of time daily to grab information on finance, econ, tech, and businesses related articles. Looking to be a high frequency day trader to optimal & max profit/loss via fundamental analysis rather than technical. Looking to gain some hedging experiences too (If you are a fan of Billions we'll have an extra topic to talk about!)

People have similar interests/experiences/learning appetites are very welcomed to drop me a line, if you are:
1) not a Tesla short-seller
2) not a Tesla short-seller
3) not a Tesla short-seller

Happy to join the trading party here, let's paddle together. =)
S

you will find that there are many experts here that will offer you tons of "good advice"..but none will post details of one single trade and explain to you why the trade was entered and exited at such a price!!

you must remember that the world is full of people who daydream..have nothing better to do with their time than waste it posting silly and ridiculous things that do not really matter!!!

if you want to learn about making some money in the markets..do a few simple things as follows..

1. obtain capital
2. set aside X amount to lose as learning tuition
3. do not give a cent to anyone else except the trader you lose to
4. pick a "good market" to risk your money in
5. risk a reasonable amount on each trade..the % depending on the trading frequency..more trading less % risk per trade
6. develop a strategy that is repeatable..not meaning pattern recognition
7. learn what discipline really means by examining every trade you make and see why it went right..or wrong..you should discover that the main reason is "discipline"..as in trading..wrong is often right!!!!!!!

look at the micro e-minis launching may 06 next..good way to learn about trading index futures without risking too much..the commission cost will more than likely be high compared to regular ES..it will not be 1/10 that is for sure..but for swingtrades or position trades the new micros will offer a very good opportunity for any serious person to learn about trading index futures

 

[Turveyd]

I didn't say women make for bad traders, matter of fact I said "women go for the kill" toward many men, women lack for most part ego's.

There are thousands of people who are trying to make the world a better place and they are not billionaires. He has 22.3 billion as of April 2019, he starts companies and sells them off in the past. Unless I missed something, he donates very small considering his net worth. You read the deal he has with Tesla? He made a dollar a year and stock options if the company gets to $650 billion, he'll get 20% ? And he no longer the chairman. His hand will be in anything that makes him more money as I see it to make the world a better place.
Another guy who uses Tweeter too much.

He doesnt patent his tech, free to use by anyone, he lands and reuses rockets dropping the cost of space flight massively, he’s a good billionaire.

 

[wrbtrader]

Hello,

I just found this site today and I'm a newbie stepping into the trading zone. I've recently certified with Bloomberg Market Concepts and in the process to select a trading brokerage/platform. I have some experiences using Trading-view simulation account, made 49/50 profitable trades. My goal is to be a day trader equities focused, hopefully to move to swing and long-term in time.

Equities are my main focus and I'm also learning macro-quant and python for data science and trading. Options, bonds, Forex, and commodities are not my learning priorities, but I'm open to learn and broaden my knowledge as well.

I'm 34 yrs old Asian American female with a business science background (really digged finance & econ classes). My strategy is more fundamental focused as I like to stay current with Bloomberg news, crunchbase, seeking alpha, and etc. I usually spend a good amount of time daily to grab information on finance, econ, tech, and businesses related articles. Looking to be a high frequency day trader to optimal & max profit/loss via fundamental analysis rather than technical. Looking to gain some hedging experiences too (If you are a fan of Billions we'll have an extra topic to talk about!)

People have similar interests/experiences/learning appetites are very welcomed to drop me a line, if you are:
1) not a Tesla short-seller
2) not a Tesla short-seller
3) not a Tesla short-seller

Happy to join the trading party here, let's paddle together. =)
S

With your background...why are you not trying to get a job on the professional side at an institutional trading firm instead of going retail ???

In addition, why didn't you attend a university that had a trading room for its business/econ students or why not go to such at your age (back to school) while getting a post graduate degree ???

There are +100 universities (some elite colleges) across North America with trading rooms for students with your background and they're not doing such to go retail.

Simply, I do not know if you're still in contact with your former school as an alumni but most schools have guidance counselors that can guide you into the above including helping you to select that appropriate university for your post graduate studies and helping you to prepare for the entrance exams into post graduate studies.

wrbtrader

 

[Windlesham1]

49/50 winning trades means zip. Trading equities? Why? Stuck in a belief about Tesla? That's just nasty.
Avoiding options is like the anti-vaccine brigade. You avoid the only level playing field, where brains triumph over randomness

 

[suki5978]

49/50 profitable trades is impressive. Maybe you should be the mentor, not the mentee!

Hi Jim, thanks for the compliment! I just feel like there's so much to learn. Crypto futures are cool btw.

 

[suki5978]

My experiences with female traders have been negative thus far, perhaps males think they are going to circle their prey cause of hormones when often times it is female to allow males to circle and then they go in for the kill. IMHO

I started out as a fundamentalist/chartist and my first degree circled understanding the guts of financial statements and economy, however it was the 1980s when truth ended in USA, thereby I dropped the fundamentalist aspect. As far as using COT in commodities, my entries are often on right side of the commercials.

@maxinger have said, "Prerequisite for trading is neutral emotion", I fully agree, and one reason of having automation.

As far as shorting Tesla, 100% of my trades through automation scan symbols without any human interaction, short Tesla, but not longer term as in years. Been short since weekly/daily Head and Shoulders formed in December 2018 and system has added twice. I leaned on the side of conservative trading using hedging techniques I have developed. But as far as caring the "whys", my trading models were developed on back tested outcomes based on decades of data and not just one stock. Long term best years never has been better than 50%. I am not concerned with how much can be made but how low drawdowns can be had.

Since data is generated most of the time by Forex dealers and one is trading against the dealer is like betting on horse races, all horses owned by racetrack and all the jockeys on salary with racetrack . If the 49/50 was done in Forex shows possibilities, any long time programming trader knows high percent systems generally won't work in real time or of more than months in Forex, you might have to adapt often. Simulations has limits and real time very different.

Certification at Bloomberg Market Concept is watching 4 videos and taking a test? Very far from being accomplished.

The forum gets like handful of requests each month/week for mentors, sounds nice in theory, but realistically, comes down to doing it yourself for years, as in 10,000 hours for most in screen time and this never ends. Time wise, with a mentor, you looking at couple of years if mentor really cares you do well, but most do not want to give this time away unless for family.

http://thepatternsite.com/index.html

Memorize the above like breathing and you might do well, also pre 2009 on ET has much better reading.

Wish you well.

Wow, thank you for everything you've shared! I do have so much to learn. With decades of experiences is there a good equities trading platform/brokerage you'd recommend? I'm mainly focusing on equities now so brokerage like Oanda or Forex wouldn't apply to my learning for now. Thanks!

 

[suki5978]

Mine differs, woman make better investors than men, less fear and greed less likely to fight the trend, much less of them aswell mind.

So trading off Fundamentals not TA should suite them better.

I also wouldn't short TSLA or anything to do with Musk as the guy is doing his best to make the world a better place, which is a rare thing these days.

Thanks Turveyd, Elon is unstoppable for a good cause and value diffidently matters to me. I think its actually rational to invest in whatever this guy is doing, and that Warren Buffet is missing out on TSLA just like how he missed AMZN.

 

[suki5978]

SukI, Before you search for a mentor, ask yourself this question. Can you afford a good mentor? Good mentors several thousand dollars an hour.

Hi Jack, since I'm in the very early stage of trading, freelanced type of professional teachings with premium charges might not be applicable for my current situation. I'm more of a phase I at this very moment, just need some basic directions to get my feet in the door first and test the water. I'd hope to get to phase II as soon as possible and I think what you refer to might actually be the level of phase III and beyond. I hope to get there asap someday.

 

[suki5978]

I didn't say women make for bad traders, matter of fact I said "women go for the kill" toward many men, women lack for most part ego's.

There are thousands of people who are trying to make the world a better place and they are not billionaires. He has 22.3 billion as of April 2019, he starts companies and sells them off in the past. Unless I missed something, he donates very small considering his net worth. You read the deal he has with Tesla? He made a dollar a year and stock options if the company gets to $650 billion, he'll get 20% ? And he no longer the chairman. His hand will be in anything that makes him more money as I see it to make the world a better place.
Another guy who uses Tweeter too much.

His missions can tell that this guy's not in it for the money. Businesses need to be profitable to sustain, but I think a guy who gave out his patent for free to the world and other EV competitors is a missionary rather than mercenary.

 

[destriero]

Thanks to all! I’d like to ask if anyone saw those rockets land!

-suki