Mentorship (4th year still not profitable)

are you guys that bored? or is the market ranging on low volatility? I'm here cos stupid windows is pulling its 1~2hr update crap on me, this US open

seems like forum post count is a great way to tell trend from range :D
 
A little background: I've traded/studied the technical part of trading (FX/Commodities) for almost 4 years every single day, testing out new ideas, analyzing, logging down, backtesting etc however hundreds of system and patterns that I come out with just stop working. It might work for 3-5 years on backtesting, if I put it onto another pair it stops. Or it might only work for a certain period of time. I am from the little red dot.

I am looking for a mentor to guide as well as teach day in day out. I will not and never give out your systems or strategies. I am willing to work 20 hours a day or do anything that helps me towards achieving profitability. I am willing and desperate to sacrifice anything in return for trading success (Even my life). Flying over to your country to learn is also fine with me. I do not know what I can give in return but I hope my willingness to succeed can make up for it because I will never give up.

So if anyone that has already succeeded and looking for a student to impart your knowledge, please do tell me, I may not be the brightest but I will make it up with hard work, I will make sure it will be a good decision and you will never regret it.

Thank you.

I will mentor you right now and for free: sorry, there are no systems or patterns that consistently work. Nobody makes money doing that. (although a lot of people would like you to believe otherwise because of business reasons). If you want to be successful, find an edge: but based it on something real. Something you can do very well to add value to the markets. Once you find it, go and trade based on that. But just stop looking for systems or patterns. Some of the things you can do are: be willing to take risks from the markets (ie, sell short side), do great fundamental analysis (ie, find the next company), etc. No patterns, systems, setups and definitively, it is not easy. If it was, you would not be able to make much money. That is why working at McDonalds is not very profitable. Because anybody can do that. Don't foul yourself into thinking otherwise. Question anybody's motivation if they tell you otherwise. Are they making any money out of you? Nobody can make money trading a pattern, a system, just putting a software to work on its own. If it was possible, it would be arbitraged quite quickly rendering it unprofitable or with very very thin margins.

Good luck and keep your feet on the ground!
 
I will mentor you right now and for free: sorry, there are no systems or patterns that consistently work. Nobody makes money doing that. (although a lot of people would like you to believe otherwise because of business reasons). If you want to be successful, find an edge: but based it on something real. Something you can do very well to add value to the markets. Once you find it, go and trade based on that. But just stop looking for systems or patterns. Some of the things you can do are: be willing to take risks from the markets (ie, sell short side), do great fundamental analysis (ie, find the next company), etc. No patterns, systems, setups and definitively, it is not easy. If it was, you would not be able to make much money. That is why working at McDonalds is not very profitable. Because anybody can do that. Don't foul yourself into thinking otherwise. Question anybody's motivation if they tell you otherwise. Are they making any money out of you? Nobody can make money trading a pattern, a system, just putting a software to work on its own. If it was possible, it would be arbitraged quite quickly rendering it unprofitable or with very very thin margins.

Good luck and keep your feet on the ground!

Your terminology is all over the place. You say "find an edge", "take risks" but not based on patterns or systems. Patterns and systems are taking risk just the same.
So a guy sitting around in his underwear and clicking the mouse can make a living but the same guy writing software to find "patterns" can't? Interesting logic.
Discretionary trading barriers to entry are even lower than writing trading algorithms based on patterns.
 
I am looking for a mentor to guide as well as teach day in day out. I will not and never give out your systems or strategies. I am willing to work 20 hours a day or do anything that helps me towards achieving profitability. I am willing and desperate to sacrifice anything in return for trading success (Even my life). Flying over to your country to learn is also fine with me. I do not know what I can give in return but I hope my willingness to succeed can make up for it because I will never give up.

So if anyone that has already succeeded and looking for a student to impart your knowledge, please do tell me, I may not be the brightest but I will make it up with hard work, I will make sure it will be a good decision and you will never regret it.

Thank you.
I love your will to learn and achieve success, I am quite a profitable trader, I don't know if I can be of any help, maybe you should pm me.
 

lot of good points in here.

Spectre has provided a nice "Gift" here and it is worth studying. So this should be of interest to those that are sincerely looking to become consistently successful traders. Thanks Spectre2007
 
Will is a great guy. He taught me personally about position sizing for entries and exits. He was also the first guy to open highlight the hopelessness of trading 1 and 2 lots.
Evident in this video. I like the way he highlights his psychology towards the last contract on in this trade. "How do I feel about this last contract? I dont care really"... or something to that effect. And hes completely right.
I still see traders who take 1 and 2 lot trades and they don't have an option of taking early profits. These guys and girls still don't understand that you can take profits early or half way on the trade expectancy, then bring stop to scratch and be comfortable that they will be profitable no matter what happens next.

Thanks to timdug for his contribution here. Note that you might recognize that TimDug is an experienced trader who has worked for several well known Prop Firms in both Ireland and London.
 
Trend-following consistently works.
%%
I agree with about 80-88- 95% of that. But my comments are limited to stocks+ real estate.....PT Jones noted Bitcoin + fine art.I like redneck or green art myself, 3 polar bears on red Coca-Cola can+ green yahoo Mountain Dew art. NOT a stock tip. I dont know why they bring out red polar bears about SEPT/OCT-Not a prediction, . LOL I like thier blue bottled water or spring water. :caution::cool:
 
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