What has been ur experience with COACHING?

cornix said:
Hypothetical examples of BS coaching vs. productive coaching:

1) Client: "Dear Mr. Coach, I want to live high but don't know how to trade profitably".

Coach: "Oh yes, you are lucky to find me! Now with the cutting edge mind-hacking technique I'll turn you into a super trader. All for just $500!"

2) Client: "I am a pro trader for past 10 years, I am licensed, consistent and have audited track record. But I got caught in a flash crash badly and now can't cope with consequences of this trauma despite fully understanding chance of repeating that is miniscule and despite the fact I took all the measures necessary to avoid it in the future. Fear simply paralizes me".

Coach: "We can work on that fear you have, it will take time but I have successful "track record" of helping people curb their post-traumatic syndrome. We can start.... hmm, the closest time window is in two days 2:00PM, is that OK"?

You decide which is BS and which is not. :D
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No, u are completely on the wrong track.

Truth is, you don't want anyone who "markets" coaching or mentoring. Either stealthly which seems to be the modus operandi of elites finest cranks or out in the open. The mentors you want are not mentors teachers or coaches but fill this role on an individual basis. surf
 
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cornix said:
Hypothetical examples of BS coaching vs. productive coaching:

1) Client: "Dear Mr. Coach, I want to live high but don't know how to trade profitably".

Coach: "Oh yes, you are lucky to find me! Now with the cutting edge mind-hacking technique I'll turn you into a super trader. All for just $500!"

2) Client: "I am a pro trader for past 10 years, I am licensed, consistent and have audited track record. But I got caught in a flash crash badly and now can't cope with consequences of this trauma despite fully understanding chance of repeating that is miniscule and despite the fact I took all the measures necessary to avoid it in the future. Fear simply paralizes me".

Coach: "We can work on that fear you have, it will take time but I have successful "track record" of helping people curb their post-traumatic syndrome. We can start.... hmm, the closest time window is in two days 2:00PM, is that OK"?

You decide which is BS and which is not. :D
More...

Actually you're confusing coaching with therapy. If one needs a more robust trading plan, that's one thing. If one has "psychological issues", he'd best look for someone who's qualified to address those problems.

If it's simply a matter of discipline, that can be addressed by a coach up to a certain point. But when the failure to exercise discipline becomes pathological, the coach is out of his depth.
 
lemarche said:
Yeah I get the idea (I believe, even before your post Cornix ;) ). Now question is: how do you find them? (through recommendation was my guess..)

Also I would tend to think that most "BS coaches" are more skilled at hiding the BS than what you suggest... LoL
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The question is: if YOU really need a coach assuming we now agree on limits of what coaches can or can't do. :)
 
marketsurfer said:
No, u are completely on the wrong track.

Truth is, you don't want anyone who "markets" coaching or mentoring. Either stealthly which seems to be the modus operandi of elites finest cranks or out in the open. The mentors you want are not mentors teachers or coaches but fill this role on an individual basis. surf
More...

We are talking about coaches in the sense of career coaching here I believe. It's somewhat different from variety of trading gurus/mentors around and results are much more realistic, certainly no miracles.
 
dbphoenix said:
Actually you're confusing coaching with therapy. If one needs a more robust trading plan, that's one thing. If one has "psychological issues", he'd best look for someone who's qualified to address those problems.

If it's simply a matter of discipline, that can be addressed by a coach up to a certain point. But when the failure to exercise discipline becomes pathological, the coach is out of his depth.
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Agree. Strictly speaking therapy is solving a problem (away from pain) while coaching is "toward the goal". In this sense my example is a bit wrong probably because my own career in psychology (when I still had time for it :D ) was more therapy oriented.

Good example of legit coaching approach in trading would be: a professional trader is consistent, but is stuck at a certain level which is not what makes her truly satisfied by career. Coach can assist to develop a new goal, make a plan and control realization of the plan to achieve that new goal.
 
I did not attend any coaching for forex . I trained my self with self efforts . Internet is my mentor in forex. I get all basic knowledge from here. After knowing about forex concepts I trained my self with demo trading. I can not afford coaching , it may helpful for traders but main thing is your personal hard work in trading.
 
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