Mentor

You want a mentor; put your trading plan here on ET.

You'll get a lot of feedback. Maybe some of it will be useful to you.

What you have to understand is trading is all about learning about yourself. Someone can give you a system to follow but you have to buy into the system. If you don't trust it completely you will find ways to override it.

You cannot buy trading success. There is enough free instruction in cyberspace to keep you busy for years. Come up with your own plan/strategy, trade it and if/when it doesn't work, figure out why.
 
Each person is different so, your risk tolerance and approach will vary as will other traders. Even with a mentor guiding you, you will at some point have to create your own trading system. Chances are good even with a mentor, he will keep his secret sauce because you would be competing against him if he gave it to you. So, he will give you maybe, enough to be good enough as a trader. Whether you succeed, it still will depend on you. Most newbie traders believe they can be successful, only if someone will mentor them? Most of the information on trading is already out there. Be it on You Tube videos or internet. Where there is separation is how you use information you have in your hands.
 
Trade on my own through the various self learning practice in demo account and some via youtube.
Good luck finding the mentorship. It will be very useful to have mentor who can guide you but be careful in choosing one.
 
ChipShotTrader said:
Be careful out there, and always do your due diligence on anyone who charges to be a "Mentor". I exposed a major conman here. Someone who claimed to be managing, and trading 100's of billions of dollars. He was able to completely FOOL the CME, and Interactive Brokers!!!
https://www.elitetrader.com/et/threads/tim-morge-and-the-well-chosen-example.305061/page-23

About a year later, he dismissed his "partner", later relabeled an "employee", of 20+ years, Shane Blankenship (a recent bankrupt), to pocket his fees. I then knew Timothy Morge was broke.

He is now trying every trick in the book to stay alive:
https://marketgeometry.com/blog/tim-draws

And the Pandemic was the final nail on this fraudster's coffin. No one is going to pay $500+ a month, for a confirmed liar. There is NO Queen Elizabeth, NO Fighter Jet flights from Arizona to London, NO MI6 protecting him, NO 100+ Billion dollar sovereign wealth hedge fund. It's all LIES ;)
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ChipShotTrader,

Thank you for exposing people like this. It is really ashamed people like this exist.
 
jalee802 said:
Stare at price moving every day all day for 3 months. Humans were designed to see patterns. You will get it. Buy low, sell high. Sell high, cover low. Everything else is just fluff.
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%%
That can work: buy hi + sell higher works well ............................................................
Inverse etf s, buy high+ sell higher, but counter-trends are a different deal
 
jalee802 said:
Stare at price moving every day all day for 3 months. Humans were designed to see patterns. You will get it. Buy low, sell high. Sell high, cover low. Everything else is just fluff.
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That was what @MrScalper told me to do, got rid of all indicators and focused on the price charts. After a few months I started getting some ideas.
 
tradermike99 said:
Hi guys,

Hope everybody is doing well in this market. :strong:

Did you had a trading mentor at the beginning of your trading?
I mean a mentor where you had personal contact or skype, not in a forum or so.

Do you have any tips on how to find one?
And if you want to share some experiences from the past, we newbies really appriciate it.

Thanks a lot.

Mike
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Hi Mike,
I think it's a good idea you are looking for a mentor. I am a trading coach and I work with experienced traders to help them with their psychology to become successful traders. In my experience, psychology is by far the most important aspect of trading. I do know a few trading mentors I can recommend who teach how to trade (price action). If you want to talk, let me know.
Andrea
 
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