Mentorship (4th year still not profitable)

[Sprout]

Hershey's no longer here to mislead you so that's one good thing.

That’s such an ignorant comment from someone whom clearly has no rigor in their Due Diligence.

 

[motif]

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.

Dont quit trading. Follow your dreams.

Never quit.

 

[destriero]

Guys, he hasn't posted since June.

 

[MarkBrown]

did the mentor make money? if so you have a problem, my mentor taught me quickly how he made money. but it took me 10 years to find my own way of trading. he was an option seller and i wanted to be a day trader. i was stupid and stayed poor but "i did it my way". don't be stupid if your guy makes money get with the program.

 

[nakachalet]

If it resonates with you, find and do Jack Hershey drills here in the archives. Build a glossary. Build an ignore list <- essential.

Jack talks about learning how to learn and how to know when you are learning something correctly or not.

Extremely in-depth market knowledge - to the point of incomprehensible but can be understood by doing the drills he suggests.

The drills build perception from a granular marketview as well as builds long term memory.

With that said, The suggestions of stop trading are wise. If you don’t understand why you’re not profitable, all you are learning is how to fail and all the associated trauma. There’s a point where this becomes irreversible.

Start a thread, post an annotated chart with your log, invite to comment.

A great suggestion....

Start a thread, post an annotated chart with your log, invite to comment....

 

[nakachalet]

did the mentor make money? if so you have a problem, my mentor taught me quickly how he made money. but it took me 10 years to find my own way of trading. he was an option seller and i wanted to be a day trader. i was stupid and stayed poor but "i did it my way". don't be stupid if your guy makes money get with the program.

And what is that.... but it took me 10 years to find my own way of trading....?

We are eager and all ears; thx in advance.

 

[MarkBrown]

And what is that.... but it took me 10 years to find my own way of trading....?

We are eager and all ears; thx in advance.

so yea if you think it takes less than 10 years to master trading. i would say it's typical to think that, i did also.

i am just being honest with you, everyone seems to have to find their way no matter how great a mentor you have. you will not be satisfied with a canned method most likely, no matter what. most people who trade are in it for the money, the ones who make the money are focused on the challenge.

 

[themickey]

did the mentor make money? if so you have a problem, my mentor taught me quickly how he made money. but it took me 10 years to find my own way of trading. he was an option seller and i wanted to be a day trader. i was stupid and stayed poor but "i did it my way". don't be stupid if your guy makes money get with the program.

When I was a young lad, I was too stupid to know how to communicate with knowledgable people, but I put this down to my upbringing, my family had this "be independant, do it yourself, stand on your own two legs" beliefs. Losers have loser beliefs which keep them captive as losers, it is extremely difficult breaking out of that mould.
Why invent the wheel again?
But trading is a mixture of independance and being humble enough to listen with respect to smarter people.

 

[nakachalet]

so yea if you think it takes less than 10 years to master trading. i would say it's typical to think that, i did also.

i am just being honest with you, everyone seems to have to find their way no matter how great a mentor you have. you will not be satisfied with a canned method most likely, no matter what. most people who trade are in it for the money, the ones who make the money are focused on the challenge.

Thx MarkBrown

Listen to themickey, he/she said something worthy of digesting....
WHY OR WHY, INVENTING THE WHEEL OVER AND OVER AGAIN....?

My mentors on the floor said I could post these pix
to verify that CANNED METHODOLOGIES ARE EXCEPTIONAL,
but then too many traders to be, are too independent to, only want to
do their own stuff, not wanting to learn from others, as themickey
wisely eluded.

A few years ago, there was a young trader expressed that he truly wishes to be successful in trading futures, but he also said that he just someone to help him, to trade profitably and consistently, using his setups....
LOL. My response was he was using butcher knife for surgery....! ;

but then where would one find such CANNED STUFFS....
perhaps ditching out a finder fee of 50K, might or might not
even get you close to those entities.... LOL No I seriously
do not think they would be interested.... enjoy everyone....

 

[nakachalet]

When I was a young lad, I was too stupid to know how to communicate with knowledgable people, but I put this down to my upbringing, my family had this "be independant, do it yourself, stand on your own two legs" beliefs. Losers have loser beliefs which keep them captive as losers, it is extremely difficult breaking out of that mould.
Why invent the wheel again?
But trading is a mixture of independance and being humble enough to listen with respect to smarter people.

That you can say it over and over and over again,

but I seriously doubt anyone would ever listen to

your superlative suggestions one bit, except my humble self, of course.... LOL