Mentors are worthless. You can probably get by with the free stuff put out by the CBOE.
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- Thread starter Badget01
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Mentors are worthless. You can probably get by with the free stuff put out by the CBOE.
There's a lot of price action trading groups at the meetup link I posted earlier to you. You can find one that's closer to you...meet them in person and arrange real trading sessions in person with the few that would be interested in such.
Its a lot more than hanging out at some bar or pizza joint and talking to a bunch of traders and a lot better than hearing opinions about trading by anonymous people online.
Also, if you can not find one near you...I highly recommend you form a group on Meetup for your area to find others out there just in case they are like you...not aware that there's a resource out there for traders to meet in person.
https://www.meetup.com/start/location
If you're not in the U.S., there's a Meetup for other countries/cities too.
https://www.meetup.com/cities/
There was an ET member that did the above when he couldn't find anyone near him. He formed his own group and a dozen people joined his group within a few months that lived within 30mins driving distance from him. People out there that he didn't even know existed out there. Now they're hanging out together, trading together and most importantly...helping each other.
Seriously, the more time you spend at this forum / any other forum and less time in a trading club in your area that will enable you to cut through the B.S. you come across online..the more you're going to be LOST and explaining what you do or want to do to a bunch of anonymous people.
If someone from your trading club can not help you...that's when you can come to ET to ask questions & advice.
Another benefit of a trading club on Meetup, you can see the trading software, equipement, home office environment that others are using that can spark improvements in your own...all in person.
Yet, if you insist on spending your time with people here at Elitetrader.com, you can post a link to meet others in person from your area @ https://www.elitetrader.com/et/forums/hook-up.28
wrbtrader
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there is a use and utility for everything in this world.....the past does point or hint towards the future.
it is important that you have an idea of what is likely....what sort of animal you are dealing with.
certainty does not exist and this can only be obtained by watching the animal for a long time.
but you have the right idea.
you have to develop your own style
False. A good mentor/teacher is priceless.
Hey if you want to shell out 10,000 of tuition money to someone be my guest.
The market is legitimately the only mentor you need. If you can't swing it by yourself, paying someone to feel better about your failure isn't going to solve anything.
I see your point, but someone willing to pass on experience will save you a lot of time, money, and bad positions.
yes but why would he charge for it unless he needs the money which means he is not making any.
in any case nobody succeeded by copying someone else 's wisdom.
by your definition putting on a price tag means that he is not a good mentor.
every tool has to be used for a specific purpose.
a spanner cannot be used for screw.......so a spanner is not useless.
just like that an indicator is not useless.
a spanner cannot be used for screw.......so a spanner is not useless.
just like that an indicator is not useless.
Hi Badget,
I have read many books. Some were good primarily because they were very interesting/ entertaining (e.g., Pit Bull, Winner Take All, Liar's Poker, Schwager's Market Wizard books, Confessions of a Street Addict, Running Money, Trend Following, Reminiscences of a Stock Operator, Evidence-Based Technical Analysis, Hedgehogging, Fooled By Randomness and several others).
There were only a few that I thought were extremely practical, so much so that I would recommend them to a new trader. The most immediately useful ones that I wish I had been able to read when I started out are probably Weissman's Trading Like a Casino, Elder's How I Trade For a Living, Chande's Beyond Technical Analysis (2nd ed.), Tharp's Trade Your Way to Financial Freedom, and possibly the psychology and performance-related books of Mark Douglas and Brett Steenbarger. I don't agree with everything written in these books, but I believe that they have a lot of good, practical advice that makes them among the best that I have seen.
I have read many books. Some were good primarily because they were very interesting/ entertaining (e.g., Pit Bull, Winner Take All, Liar's Poker, Schwager's Market Wizard books, Confessions of a Street Addict, Running Money, Trend Following, Reminiscences of a Stock Operator, Evidence-Based Technical Analysis, Hedgehogging, Fooled By Randomness and several others).
There were only a few that I thought were extremely practical, so much so that I would recommend them to a new trader. The most immediately useful ones that I wish I had been able to read when I started out are probably Weissman's Trading Like a Casino, Elder's How I Trade For a Living, Chande's Beyond Technical Analysis (2nd ed.), Tharp's Trade Your Way to Financial Freedom, and possibly the psychology and performance-related books of Mark Douglas and Brett Steenbarger. I don't agree with everything written in these books, but I believe that they have a lot of good, practical advice that makes them among the best that I have seen.