Mentorship (4th year still not profitable)

themickey said:
My point, anyone contemplating buy & hold of stocks, it's a lazy form of investment and laziness has it's price, basically a random outcome, may as well buy lottery tickets with the money you would otherwise spend on holding positions.
On the other hand, buy & hold with the simplest bit of homework (but that too would be difficult for a non financial literate person) and drop in maybe a loose weekly trailing stop would be better than nothing. One of the metrics I use is historical volatility, looking back over the last couple of years. If it has been too volatile, don't touch from an investment perspective. Unfortunately for them most lay investors are not able to get this information.
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Understood, but you'd have buy a basket of Li miners.
 
iamnewuser911 said:
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.
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take it from someone who has 10 years experience like your 4.....i turned profitable only when i started using my own brains and figuring things out by myself.
if you do not have time to think and do it then better leave trading
 
Buy and hold is absolutely appropriate for most people. Any suggestion otherwise is just hubris. The boggleheads do just fine. It never ceases to amaze me when people think their way is the only way.
 
Yep, the time will come, most 'investors' will be so jacked off with the continual market dipping they will decide, "no more..." then they'll buy & hold into the face of the biggest recession which will see them into the poor house for many a year to come.
 
i am realising that if you are trading discretionary you cannot trade without a plan.

i am thinking of using structural pivots to trade,to enter and exit and to place stops.

have to look into it a bit but it seems to have possibilities and makes technical sense to me
 
themickey said:
Yep, the time will come, most 'investors' will be so jacked off with the continual market dipping they will decide, "no more..." then they'll buy & hold into the face of the biggest recession which will see them into the poor house for many a year to come.
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Very few people rely on their tradable investments to put food on the table.
 
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