Mentorship / training fail

[ScottColeFTA]

I often equate trading to golf. The parallels are uncanny. Golfers want to be able to hit the ball like Tiger Woods with just a few tweaks to their current swing. They will invest in all matter of training aids, dvds, lessons etc. When something doesn't work, they move onto the next big thing.

Traders do the same thing if they are struggling, or new.

With that said, why does a mentor/educator need to be a millionaire trader?

Hank Haney is arguably one of the best teachers in golf. He never won a professional golf tournament, yet he was Tiger Woods' instructor for five years, and Woods won 6 majors and over 30 tournaments during that time.

What you really need to determine is if the educator/mentor has something of value to offer. Do they have information that is of value? Can they communicate it well?

If they do have something of value to offer, why would anyone expect to not pay for it? Why would anyone expect to be a great trader after just two weeks of learning?

 

[kut2k2]

If they do have something of value to offer, why would anyone expect to not pay for it?

Exactly.

Why would anyone expect to be a great trader after just two weeks of learning?

It's theoretically possible. Golf requires physical conditioning and muscle memory. Just knowing what to do isn't sufficient, the actions have to become automatic and that takes practice. By contrast, trading is mental. You can learn a working strategy in less than a day and complete understanding can come in less than a week. Of course the chances of finding a mentor who will teach you such a winning trade strategy is vanishingly small, no matter how much money you're willing to pay. Indeed the vulture-scammers will pick your bank account to the bones before you find such a mentor.