mentorship relationship

Ava said:
In your experience, what qualities should traders look for when choosing a mentor to ensure a productive and beneficial mentorship relationship?
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Question back at you; What do you expect of a mentor and what do you think is fair compensation?
 
speedo said:
There are those who can teach but have not succeeded in trading due to the inability to do what is necessary as an active trader (patience, focus, discipline, courage). But how would you qualify someone with no track record of profitability?

Then there are those who are happy to collect a fee for teaching but are not qualified to do so...again, how would you know?

Most successful traders would not be interested in a fully committed mentoring arrangement as 1. They don't need the money and 2. It takes a major commitment of time and effort with no guarantee that the student will do what is necessary to succeed regardless of the quality of the teaching.

That said, there is no lack of quality technical and behavioral content available to get you started, followed by hours and hours of simply watching price form on a chart. Put what you see with content you have learned from other sources and test ideas. No two people will trade alike as no two people are just alike. We have all had our influences and have received ideas but you have to make this stuff your own.
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Hello speedo,

I agree. I agree. I agree. Best to buy the best course you can and make it work somehow.

Thank you,
 
Ava said:
In your experience, what qualities should traders look for when choosing a mentor to ensure a productive and beneficial mentorship relationship?
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That's easy, you should trade/invest 50% of your assets yourself and they should help you manage your other 50% via more direct approaches such as daytrading, then you can copy the daytrade patterns in to the investment grade patterns (longer timeframes) and learn passively seeking to eventually to take over the shorter timeframe trading, I helped setup hedge funds doing it this way at 50% per quarter returns, it works which is a rare thing in life.
 
alistera said:
I helped setup hedge funds doing it this way at 50% per quarter returns, it works which is a rare thing in life.
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Not just one hedge fund, but multiple hedge funds?

Not just 50% per annum, but 50% per quarter?

Not with discretionary trading but with your algos?


Why don’t you @alistera start a thread and start posting live trades, and give us a bit of a sample of your talent?

There seem to be only few real transparent traders on this forum who walk the talk and post live trades (such as @schizo, @Overnight, @ Laissez Faire, @Buy1Sell2, @themickey, and few others. I do apologize to those which I don’t mention here).

I don’t mind putting my own neck on the line as well and walking the talk.
https://www.elitetrader.com/et/threads/any-one-brave-enough-to-short-nvda.376032/

Unfortunately, the majority of the forum members won’t post live trades or live charts, yet often some of them provide misleading advice to vulnerable newbies, making their journey even more frustrating and confusing.

Since you @alistera are constantly bragging about how good you’re (while providing very questionable advice to vulnerable newbies), I challenge you to start a thread, and post a few live trades, real time so we can all see your expertise.

I’m sure others that others would also like to see your expertise. :)
 
PPC said:
Not just one hedge fund, but multiple hedge funds?

Not just 50% per annum, but 50% per quarter?

Not with discretionary trading but with your algos?


Why don’t you @alistera start a thread and start posting live trades, and give us a bit of a sample of your talent?

There seem to be only few real transparent traders on this forum who walk the talk and post live trades (such as @schizo, @Overnight, @ Laissez Faire, @Buy1Sell2, @themickey, and few others. I do apologize to those which I don’t mention here).

I don’t mind putting my own neck on the line as well and walking the talk.
https://www.elitetrader.com/et/threads/any-one-brave-enough-to-short-nvda.376032/

Unfortunately, the majority of the forum members won’t post live trades or live charts, yet often some of them provide misleading advice to vulnerable newbies, making their journey even more frustrating and confusing.

Since you @alistera are constantly bragging about how good you’re (while providing very questionable advice to vulnerable newbies), I challenge you to start a thread, and post a few live trades, real time so we can all see your expertise.

I’m sure others that others would also like to see your expertise. :)
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While the guy is so super smart, he's surprisingly poor.
 
alistera said:
That's easy, you should trade/invest 50% of your assets yourself and they should help you manage your other 50% via more direct approaches such as daytrading, then you can copy the daytrade patterns in to the investment grade patterns (longer timeframes) and learn passively seeking to eventually to take over the shorter timeframe trading, I helped setup hedge funds doing it this way at 50% per quarter returns, it works which is a rare thing in life.
More...
%%
EASY?/ LOL with all due respect some european benchmarks slaughtered SPY/JAN;
as if that happens every year + seldom does?? :D:D
IF it doesnt mes$ up your edge, is that 50% per quarter year, per quarter $, or quarter euro??
Thanks a million .......
 
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