Mentor Required

[formikatrading]

Great point. I've learned more from bad traders than good traders because it's easier to see what not to do. By contrast, some good traders may not benefit you because you can't trade the way they trade anyway.

Quote from ARogueTrader:



Actually anyone can learn a lot from losers....just don't do what they do.

The real issue for most people is they need a mentor for their emotions, not their intellect.

Once a trading systems is understood and practice of that system begins the problem is usually in the emotional obstacles to proper execution of the system.

An executioner will do better with a poor system than one who cannot execute does with the best system.

Mentoring execution and mentoring the emotions that prevent execution is a very difficult task.

No one can take the fear and greed away from anyone else, that is an inside job.

Many mentors understood the process, but could simply not overcome their own fear and greed, so while they can teach the process, they can never teach overcoming fear and greed which they themselves have not conquered.

They can explain what needs to be done to get the job done, but they can't transmit what it takes to get the job done.

There are mentors who are also successful traders who offer to help others, but it is not really about the money that they make mentoring, it is about sharing who they are with others.

The best mentors will always be free of charge, in the same way that the best lovers don't charge you for sex. You may learn techniques of sex from a prostitute, but you will never learn about love from a hooker.

 

[formikatrading]

One other thing I'd like to point out -- I would have never been good with a mentor. I'm very independent in a lot of ways and I tend to "rebel" against people telling me what to do. Accordingly, as a result it has taken me longer to get a handle on trading, but at the same time, I think I will benefit in the long run because I created my own methodology and my own guidelines through trial and error -- not someone just telling me that I should do it this way or that way. Therefore, I have more confidence in the way I trade and I believe I have better set-ups and instincts than most traders I know. Just a thought. Make sure whatever you do that you stay true to yourself.

 

[nkhoi]

Quote from CONTRARIAN:

those are who you want. They are hard to find.
Why would you want to train someone for free when you are busy trading profitably on a consistent basis?

Why would anybody take their precious time to devote to someone looking for a handout?
..

- for companionship
- to verify that the method can be taugh successfully
- because it is higher calling
- because it is better to teach than to learn
- because teaching has its own reward
- because it is a type of payback since you learn the method from someone else

 

[Trapper]

Quote from ARogueTrader:
The best mentors will always be free of charge, in the same way that the best lovers don't charge you for sex. You may learn techniques of sex from a prostitute, but you will never learn about love from a hooker. [/B]

Never heard it like this I will remember this one.

Best regards,


Trapper

 

[dnaj65000]

Quote from formikatrading:

One other thing I'd like to point out -- I would have never been good with a mentor. I'm very independent in a lot of ways and I tend to "rebel" against people telling me what to do. Accordingly, as a result it has taken me longer to get a handle on trading, but at the same time, I think I will benefit in the long run because I created my own methodology and my own guidelines through trial and error -- not someone just telling me that I should do it this way or that way. Therefore, I have more confidence in the way I trade and I believe I have better set-ups and instincts than most traders I know. Just a thought. Make sure whatever you do that you stay true to yourself.

You bring up a good point. That is, only people who WANT to be mentored will actually learn and benefit from it.

Likewise, successful traders like yourself who learned the hard way and want to be fully independent and DO NOT WANT to teach will probably make a poor mentor. That is because they are seeking education from others' experience while you would "teach" them by a sink or swim method.

Different strokes for different folks.

 

[traderob]

Quote from Scientist:

Waahaha!

You know what, Nana Trader: The reason why I believe in my mentor being very genuine one is because I've never been charged a cent. In fact, my mentor taught me how to reach for the stars in this business, yet vehemently refused ever taking any compensation. What is the reason for mentoring me you'd say? Well, I asked, my mentor thought I had more potential, and wanted to pass on oodles (basically half a life) of trading experience, before passing away. Good Luck,
Scientist.

Who is your mentor?