Need a mentor

[linkon7]

What is: Bol bachan

its the carrot that dangles in front of the donkey...so that he never loose hope...!

 

[Smart_trade]

Very difficult to find a good mentor who will spend enough time in preparing the new traders. It is a very time cosuming and at times frustrating job.

Good mentors don't come cheap...many will pay Rs 2 Lacs as trading loss but wont spend on learning the craft.....In India we consider that all information/ training related to trading is free and it is our birth right to get everything free...

So in most cases one will never get a good mentor and he has to walk the thorny path all alone.....

Smart_trade

 

[sr114]

Very difficult to find a good mentor who will spend enough time in preparing the new traders. It is a very time cosuming and at times frustrating job.

Good mentors don't come cheap...many will pay Rs 2 Lacs as trading loss but wont spend on learning the craft.....In India we consider that all information/ training related to trading is free and it is our birth right to get everything free...

So in most cases one will never get a good mentor and he has to walk the thorny path all alone.....

Smart_trade

ST

u caught the indian mentality very well. we think that everything sud come to us free - be it knowledge or mentorship.
thats why we never get good mentor (lately had a bad experience in that context - ...........)

sr

 

[DanPickUp]

its the carrot that dangles in front of the donkey...so that he never loose hope...!

Thanks Linkon7 for your answer

Two thoughts on that:

1. Not loosing hope is not a bad habit as long as we have a chance to reach the target.

2. I think some of us do know about that problem (posting only to give hope) and do point our posts in a direction where the readers get a realistic idea about what trading is and not what it could be.

I wish at least that my post's are understood and recognized as that and if not, I made a mistake in my way of posting.

Good trading

DanPickUp

 

[altaf petiwala]

I am ready to mentor someone, if he so wishes.

There would be no charges involved.
Pre requiste would be, that he should have a system to trade intraday.
He should have backtested the system
He should have statistics.

I would help him to overcome his psychological blocks through yahoo messenger, or email or some such avenue.

I would help him to execute his system and make him realise where he is going wrong.

By the way, I would not need disclosure of the system or its rules, just that there should be some rule bound system

People wanting to avail this offer from me, may post here.

 

[altaf petiwala]

People are not ready to be mentored for free also. This shows an ego issue with traders who dont want to accept that they have a problem. OR< no one has a back tested system.

Anyways, offer withdrawn. Keep it up, forum members!

 

[techtrader2]

I agree...most people in India expect services to be free...it's like being penny wise pound foolish....trading with a master/mentor can help one go through the 3-4 years of painful mistakes in a shorter period of time....many give up trading because they are unsuccessful...a mentor can help a trader become successful...so a mentor should be paid...be it education or trading calls or guidance on psychology/MM...whatever be the nature of mentorship...if it is providing value there should be a fee...that also makes the service more valuable...because free advise is in many cases not regarded seriously...just my 2 cents on this...

 

[techtrader2]

Altaf I have 2 good system that works and wouldn't mind being mentored...both are backtested systems... on NF and BNF...how do i contact you?

 

[linkon7]

Thanks Linkon7 for your answer

Two thoughts on that:

1. Not loosing hope is not a bad habit as long as we have a chance to reach the target.

2. I think some of us do know about that problem (posting only to give hope) and do point our posts in a direction where the readers get a realistic idea about what trading is and not what it could be.

I wish at least that my post's are understood and recognized as that and if not, I made a mistake in my way of posting.

Good trading

DanPickUp

Dan,

You are a gem in TJ and one of the few reasons i return to TJ...!

I think chart reading is an evolution process. People move the market and not the other way round. If a trader starts looking at the chart for HOPE and BELIEF instead of patterns, the whole profit curve of the trader will show steady higher high higher low.

a break out is a HOPE... price testing support - resistance... is BELIEF...! Being able to identify when the HOPE or BELIEF of a group of participants is working /failing... is a good reason to enter the market...! failed patterns have better success rate than the original pattern.

 

[altaf petiwala]

Altaf I have 2 good system that works and wouldn't mind being mentored...both are backtested systems... on NF and BNF...how do i contact you?

For initial benefit of what mentoring is, lets keep the discussion here, then we can shift to a different medium.

Initial questions.

Is the system Intraday?

Is the system having absolutely rock solid entry and exit rules, or does it have some ambiguity about trader discretion?

Whats your R/R?