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I like to differ. Lets say majority of people living in villages are illiterate. Does it mean that people in villages should not educate themselves. Similarly we need coaching at some point. It may not be prudent to say we dont need coach.
I was mentored by someone who is a successful sub broker. Still I failed several times. Then I learnt myself. Today I am a better trader but if you take into the overall account, I am still in RED. Think about it like this. If my father is a successful trader how will he mentor me. If I had a good coach I need not learn it in a hard way by loosing so much valuable time and precious money.
Some people go shopping. They get trained again and again with different people and keep on adding it their loss. They may never learn till they die.
They talk about trader hill in another forum. Most of the traders surviving odds and many years have climbed up. May be if you have a coach the hill is small.
How you know you have climbed up the hill. You come home hurriedly just open a computer for 5 minutes and put a trade it ends up in profit. If not, you make complex calculations loads of indicators and then wait for many hours to enter but end up with loss.
I was mentored by someone who is a successful sub broker. Still I failed several times. Then I learnt myself. Today I am a better trader but if you take into the overall account, I am still in RED. Think about it like this. If my father is a successful trader how will he mentor me. If I had a good coach I need not learn it in a hard way by loosing so much valuable time and precious money.
Some people go shopping. They get trained again and again with different people and keep on adding it their loss. They may never learn till they die.
They talk about trader hill in another forum. Most of the traders surviving odds and many years have climbed up. May be if you have a coach the hill is small.
How you know you have climbed up the hill. You come home hurriedly just open a computer for 5 minutes and put a trade it ends up in profit. If not, you make complex calculations loads of indicators and then wait for many hours to enter but end up with loss.
I did not see this query earlier or I would have replied sooner.
I am replying because I am currently enrolled in the Pathfinders trading course. The Instructor Mr Vashishtha has experience of several years which he will share with his students. He also has training from international coaches. There are some issues but let me be very clear, he is an excellent trader. His profits, trades and methodology are indeed genuinely impressive. He is not a cheat or a fraud. Having said that I am a little dissatisfied with the experience.
In the beginning I was very impressed because of his humble image. His fees is also quiet low when compared to any other teacher/ mentor I have looked for.
But there are some issues which only come up once you have actually joined. For example
1) Most of the Actual lessons and theoretical knowledge that he teaches can be found online for free. I was a complete newbie just 3 months back and had no idea that if I just keep searching around I will get so much stuff for free through websites, youtube, newsletters, etc. The problem is the effort and time that goes in all of this. I thought I could speed up my basic and advanced learning by joining his course. In the beginning when I knew nothing, it felt like a great deal. But now seeing the free resources available I am regretting paying so much (His fees is still one of the lowest and most affordable that I have seen and I searched a lot).
2) His course is spread out over 6 months (online lecture 1-2 hrs every thursday evening) but he often repeats his lessons. Also you get recording for max 1 week after which you cannot access that lesson. This means no review possible at a later stage. Also since you don't have recordings you can't prove that he has already taught the same topic before. I have raised this issue with them through Email but have not received a reply.
3) He holds a live trading day with the students on the last thursday of every month ,i.e., expiry day. Now this is usually the most exciting day since it is quite volatile. Some students take leave from their jobs to attend these full day live trading sessions. This is also usually the most profitable day for him. As long as I have been his student he has made huge profits on these days. Everyone is impressed. Let me be clear his results are genuine and authentic. But the one thing he does that is a little bit deceptive is claiming that his daily online trading rooms are exactly like this which is not true. Now if you are a bit rational and wise, you should never expect same kind of results daily in stock markets. But when you are attending that expiry day full day trading session and see the actual profits that he makes right in front of you (sometimes in minutes) you can’t help but get a little swayed. That is when he will sell his daily trading room to you.
4) During his course he will keep pushing his students to join his Daily online live trading room. He will sell it as this great experience that will change your trading completely. The trading room is also mixture of good and bad. First of all it is not full day. It is split in two or three sessions depending on the plan you choose- 9.15 AM- 10.30 AM Intraday/Swing/Portfolio, 12 PM- 1 PM Options(exclusive to Option course people only), 2.00 PM- 3.30PM Normal trading. Also 9 PM- 10PM night Commodity sessions on select days only. Now what happens is because of the gaps in the day you are left on your own for a few hours during market timing. A seasoned trader may be able to handle this unguided time but a complete novice like me who doesn’t know what to do when markets move against you, is left completely clueless. He is extremely skillful and almost always books profit. But the students sometimes keep holding on to losses or don’t book profits at the right time.
5) During his full day trading session he will make a big deal about how he has to log every trade as a rule. In fact he will stop trading just so he can log each trade. He claims that he does this every day. But the truth is that he does not log any trade during his daily trading room. It is just an act to show to his students that he is very diligent when in reality he has a much more casual trading style. ( There is nothing wrong in his casual style but he pretends to be very diligent on that day in front of his students. Later when the students join his daily trading room, they realise that diligence was an act.)
6) The following issue may only apply to me and others may not see it as a problem.
He stresses rule based trading to an extreme degree during his full day session often stopping other students who are taking a risky trade. He says that never break the trading rules. This creates the impression that he is a rule based trader. But on normal days he frequently breaks the rules and in fact ignores the rules completely and often contradicts the students who try to remind him of the rules. Now an experienced trader will tell you that you can not follow the rules mechanically but have to be a bit flexible sometimes. But his particular stress on rules during the full day session acts as a misguiding factor. In fact most traders are left confused as to when they should strictly follow the rules and when can they be flexible.
7) He entices his students with the promise that during daily trading rooms he teaches new strategies regularly and often asks his trading room subscribers whether they are learning new strategies or not. They all reply Yes Sir, Yes Sir, (almost like puppets). But the truth is he has shared maybe 6 or 7 strategies and repeats the same strategy acting as if he is teaching it for the first time. Let me be clear, that the few strategies that he teaches are extremely reliable. If he claimed that I will only teach two or three strategies but they are reliable, that would be a good claim. But promising and enticing outsiders with many strategies and delivering only a few may leave you dissatisfied.
I hope you don’t just listen to my words and weigh the pros and cons yourself. Let me state again that in my opinion he is an extremely skillful trader. His results are authentic. He is not lying when he shows his profits.
But if you are a complete novice please don’t think his guidance will turn you into profitable trader. Most of the time you will be left on your own, often staring at a loss making trade that you only took because he took it. You won’t know whether you should close your position or hold on. His instructions are never clear. Most trades will be stuck between your buy price and stoploss. Then it will square off in loss at market close automatically. Next day he will show that he some how managed to close with profit or with a very small loss. He will claim that following rules is the only way. And on other days he will say you should not follow the rules if you are in loss.
These are just my views. I think some other students will sing his praise. Only you will be able to judge for yourself. I hope my experience helps you in understanding that you can not expect a stop to your loss making even with a mentor if the mentor is not available when it matters.
I am replying because I am currently enrolled in the Pathfinders trading course. The Instructor Mr Vashishtha has experience of several years which he will share with his students. He also has training from international coaches. There are some issues but let me be very clear, he is an excellent trader. His profits, trades and methodology are indeed genuinely impressive. He is not a cheat or a fraud. Having said that I am a little dissatisfied with the experience.
In the beginning I was very impressed because of his humble image. His fees is also quiet low when compared to any other teacher/ mentor I have looked for.
But there are some issues which only come up once you have actually joined. For example
1) Most of the Actual lessons and theoretical knowledge that he teaches can be found online for free. I was a complete newbie just 3 months back and had no idea that if I just keep searching around I will get so much stuff for free through websites, youtube, newsletters, etc. The problem is the effort and time that goes in all of this. I thought I could speed up my basic and advanced learning by joining his course. In the beginning when I knew nothing, it felt like a great deal. But now seeing the free resources available I am regretting paying so much (His fees is still one of the lowest and most affordable that I have seen and I searched a lot).
2) His course is spread out over 6 months (online lecture 1-2 hrs every thursday evening) but he often repeats his lessons. Also you get recording for max 1 week after which you cannot access that lesson. This means no review possible at a later stage. Also since you don't have recordings you can't prove that he has already taught the same topic before. I have raised this issue with them through Email but have not received a reply.
3) He holds a live trading day with the students on the last thursday of every month ,i.e., expiry day. Now this is usually the most exciting day since it is quite volatile. Some students take leave from their jobs to attend these full day live trading sessions. This is also usually the most profitable day for him. As long as I have been his student he has made huge profits on these days. Everyone is impressed. Let me be clear his results are genuine and authentic. But the one thing he does that is a little bit deceptive is claiming that his daily online trading rooms are exactly like this which is not true. Now if you are a bit rational and wise, you should never expect same kind of results daily in stock markets. But when you are attending that expiry day full day trading session and see the actual profits that he makes right in front of you (sometimes in minutes) you can’t help but get a little swayed. That is when he will sell his daily trading room to you.
4) During his course he will keep pushing his students to join his Daily online live trading room. He will sell it as this great experience that will change your trading completely. The trading room is also mixture of good and bad. First of all it is not full day. It is split in two or three sessions depending on the plan you choose- 9.15 AM- 10.30 AM Intraday/Swing/Portfolio, 12 PM- 1 PM Options(exclusive to Option course people only), 2.00 PM- 3.30PM Normal trading. Also 9 PM- 10PM night Commodity sessions on select days only. Now what happens is because of the gaps in the day you are left on your own for a few hours during market timing. A seasoned trader may be able to handle this unguided time but a complete novice like me who doesn’t know what to do when markets move against you, is left completely clueless. He is extremely skillful and almost always books profit. But the students sometimes keep holding on to losses or don’t book profits at the right time.
5) During his full day trading session he will make a big deal about how he has to log every trade as a rule. In fact he will stop trading just so he can log each trade. He claims that he does this every day. But the truth is that he does not log any trade during his daily trading room. It is just an act to show to his students that he is very diligent when in reality he has a much more casual trading style. ( There is nothing wrong in his casual style but he pretends to be very diligent on that day in front of his students. Later when the students join his daily trading room, they realise that diligence was an act.)
6) The following issue may only apply to me and others may not see it as a problem.
He stresses rule based trading to an extreme degree during his full day session often stopping other students who are taking a risky trade. He says that never break the trading rules. This creates the impression that he is a rule based trader. But on normal days he frequently breaks the rules and in fact ignores the rules completely and often contradicts the students who try to remind him of the rules. Now an experienced trader will tell you that you can not follow the rules mechanically but have to be a bit flexible sometimes. But his particular stress on rules during the full day session acts as a misguiding factor. In fact most traders are left confused as to when they should strictly follow the rules and when can they be flexible.
7) He entices his students with the promise that during daily trading rooms he teaches new strategies regularly and often asks his trading room subscribers whether they are learning new strategies or not. They all reply Yes Sir, Yes Sir, (almost like puppets). But the truth is he has shared maybe 6 or 7 strategies and repeats the same strategy acting as if he is teaching it for the first time. Let me be clear, that the few strategies that he teaches are extremely reliable. If he claimed that I will only teach two or three strategies but they are reliable, that would be a good claim. But promising and enticing outsiders with many strategies and delivering only a few may leave you dissatisfied.
I hope you don’t just listen to my words and weigh the pros and cons yourself. Let me state again that in my opinion he is an extremely skillful trader. His results are authentic. He is not lying when he shows his profits.
But if you are a complete novice please don’t think his guidance will turn you into profitable trader. Most of the time you will be left on your own, often staring at a loss making trade that you only took because he took it. You won’t know whether you should close your position or hold on. His instructions are never clear. Most trades will be stuck between your buy price and stoploss. Then it will square off in loss at market close automatically. Next day he will show that he some how managed to close with profit or with a very small loss. He will claim that following rules is the only way. And on other days he will say you should not follow the rules if you are in loss.
These are just my views. I think some other students will sing his praise. Only you will be able to judge for yourself. I hope my experience helps you in understanding that you can not expect a stop to your loss making even with a mentor if the mentor is not available when it matters.
Collin
That was a very good share from you. I liked how you were able to list out pros as well as cons.
I had similar experience with Ravi Bhoske and Deepak Vekharia. Both of their fees were quite lower compared to that of Yogeshwar Vasishtha. Vekharia charged 4000/- something and Bhoske had taken 5000/-. While training itself was lot of ho-hum with little input-of-some-value mixed in randomly throughout, they gave me some sense of direction and what pitfalls to expect. I consider fees paid to Bhoske as being complete waste whereas Vekharia at least revealed one strategy (which was available on internet)
One thing that has always puzzled me is that what is it that drives successful trader to train others? If I am able to earn 10000 per day from market (or even 5000 per day) on an average, why will I spend so much time and energy running classes and sessions such as this? It takes on an average 6 to 8 hours per day for trading related work. If I add load of training to it, my total work day exceeds 16-20 hours per day. What is the point in earning money if you do not even find some time for other activities?
Another question: Yogeshwar himself told in one of his free session that I had attended that he himself is a student of Online Trading Academy which means he can attend their courses as often as he wants. Why does he not pass down same benefit to his own students?
That was a very good share from you. I liked how you were able to list out pros as well as cons.
I had similar experience with Ravi Bhoske and Deepak Vekharia. Both of their fees were quite lower compared to that of Yogeshwar Vasishtha. Vekharia charged 4000/- something and Bhoske had taken 5000/-. While training itself was lot of ho-hum with little input-of-some-value mixed in randomly throughout, they gave me some sense of direction and what pitfalls to expect. I consider fees paid to Bhoske as being complete waste whereas Vekharia at least revealed one strategy (which was available on internet)
One thing that has always puzzled me is that what is it that drives successful trader to train others? If I am able to earn 10000 per day from market (or even 5000 per day) on an average, why will I spend so much time and energy running classes and sessions such as this? It takes on an average 6 to 8 hours per day for trading related work. If I add load of training to it, my total work day exceeds 16-20 hours per day. What is the point in earning money if you do not even find some time for other activities?
Another question: Yogeshwar himself told in one of his free session that I had attended that he himself is a student of Online Trading Academy which means he can attend their courses as often as he wants. Why does he not pass down same benefit to his own students?
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I now realize its a western mindset that teachers are not good traders. We Indians teach for a sake of satisfaction. I would like to mentor lot of people into successful traders, only if I achieve certain level of success.
Why did Abdul Kalam meet students and teach after becoming president? Ever pondered ?
Why did Abdul Kalam meet students and teach after becoming president? Ever pondered ?
The fees not 30k- it comes to about 40k (just for the online classes, which are nothing but mostly prerecorded videos ). But more importantly, once you join you are told that the training is essentially worthless unless you also join their “trading room”, which costs another 20k. So, there goes your 60k …They give you some discount if you open a Sharekhan account but why would you pay thousands of rupees to SKhan type of brokers in the world of Zerodha and Upstox.
Coming to the trading rooms: they are comprised of a bunch of confused traders trying to follow the leader in the hopes of making money but that hardly ever happens. I have watched them take really stupid trades and felt sorry for the traders whose stop losses were hit. It’s painful and stressful.
My other objection is the cost of trading itself= most of the times, I saw Yogeshwar taking losing trades but on those few occasions he made money, the cost of trading (STT+brokerage) either surpassed or ate away majority of profits.
Bottom-line is that this training be better avoided. My advice is that if you have the patience of reading top three books on trading and candlesticks, you will know more than Pathfinders will ever teach you AND you will save those 60–70k.
All the best!
Coming to the trading rooms: they are comprised of a bunch of confused traders trying to follow the leader in the hopes of making money but that hardly ever happens. I have watched them take really stupid trades and felt sorry for the traders whose stop losses were hit. It’s painful and stressful.
My other objection is the cost of trading itself= most of the times, I saw Yogeshwar taking losing trades but on those few occasions he made money, the cost of trading (STT+brokerage) either surpassed or ate away majority of profits.
Bottom-line is that this training be better avoided. My advice is that if you have the patience of reading top three books on trading and candlesticks, you will know more than Pathfinders will ever teach you AND you will save those 60–70k.
All the best!
I am sorry to butt in uninvited but there is really no replacement to screen time. Even a system (any one) which gives 40% right trades can deliver wonders if your MM skills are sharp. The good traders (Not the best) are right just 30-40% of the times, but they make those times count. Their loses in losing trades are miniscule to the manifolds profits when they are right. ( If you were to lose say 1 point in a losing trade and make 40 to 50 points in a winning trade you can afford to go wrong 9 times out of 10 and still make money).Adding to a winning position quadruples the profits. There are umpteen systems available on the net. Till one understands the usage, one will always have difficulty in earning from the best systems. As they say any system is as good as the trader. There is nothing new that a paid instructor can teach you which you cannot get free on the net or through a good book. Though i must confess that i am a self taught trader with only the markets as my mentor. And though i am not bragging, i can give a run for the money to any of these so called Gurus.
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