learning of a discreationary trader

learn and read is a hobby.since i comeback again ...i find change in some thread..some annoying element..comments on analyst,hurting to senior , aggressive personal propaganda........luckily traderji, and some good soul r taking care of it.
so i decide to write...proponent of some theory...which has not touched so far. MENTORING
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HOPE U SHALL ENJOY IT

Truly unlucky never got one.

MENTORING
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it is a process by which a more skilled /experienced person teaches/encourages/counsels a less skilled /experienced one for promoting latters professional and personal development in a friendly environment.
1]first understand what is going on
2]discussion is the method
3]relevency
4]learning a job/skill development
5]ready to change but how?
mission and strategic statement ....aim....strategy..to reach it.
strive for excellent concept
6] concept of VALUING.
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MENTEE'S AIM: SUPPORTIVE SELF DEVELOPMENT
relation depends on degree of trust and mutual regard
MENTOR HELPS TO MENTEE TO REALISE HIS POTENTIAL[ ACTUAL]
first aspire...then aspire to ACHIEVEMENT
PLAN:
GET A WHOLE PICTURE AND LEARNING ATTITUDE[ i know little , i must work hard to learn & change myself]
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IDENTIFY MENTOR[confidene build up measure]

1] who shall take interest in my welfare and development
2] can he be role model?
3] can he be helpful to uncover my talent or ability, resolve difficult situation
4] aim to acquire new vision.
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some concept r useful
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concept of a manager....suppose to manage the situation both man and material to the best of interest of organisation & situation
...
discussion type..open and close......
open ...ready to discuss anything
close..ready to discuss to sp. related topic ..as agreed
AFTER LEARNING MENTEE gets a new vision what is possible
then practice to apply
benefit to a mentor
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something monitorily....but actually of trust/more fulfilled ..concept of purposeful
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COACHING...SP. TIGHT FOCUSSED GOAL
TRAINING.......A REPEATATIVE CONCERN TO FOLLOW AFTER UNDERSTANDING....TO DEVELOP SKILL
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APPRAISAL......ITS A PAST OF FORMAL SYSTEM/INDIVIDUAL..TO EXPRESS ONE'S STRENGTH AND WEAKNESS, MAY BE PERFORMANCE RELATED ,TO PROMOTE OPPURTUNITY[ if wrong penalty]
it is also knowing 'matter of fact' ....regarding ones +/- pt
to improve performance
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notes taking is a good way to learn.......
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oilman5
[next i shall write progress or development]

progress and development
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step 1: getting started ................talk to other mentor/ talk to who has gone through it
reflect upon 'own experiment'
step2:relevent job relaterd experience and skill[u have]
. interpersonel skill to learn and to deliver
a DESIRE ...
AN OPEN MIND FLEXIBLE ATTITUDE
..RECOGNISATION OF WHAT U WANT TO IMPROVE
..TIME AND WILLINGNESS TO CONTINUE
...DEVELOPMENT OF U VS. DEVELOPMENT OF OTHERS
..VALUE OF EXPERIENCE AND COOPERATION
.......................
STEP 3] AREAS OF DEVELOPMENT.
........A] UNDERRSTAND SYSTEM [MARKET]..HOW IT WORK
B] HOW CAN I BE FIT THERE
C]ACQUIRE OPEN FLEXIBLE ATTITUDE TO LEARNING/GOING THROUGH DIFFERENT EXPERIENCE
D] UNDERSTAND DIFFERENT AND CONFLICTING IDEAS/ SITUATIONS
E] BE AWARE OF VESTED INTEREST
F] OVERCOME PERSONAL SETBACK HOW TO WIN OVER OBSTACLE
G]ACQUIRING SP SKILL
H]GAINING OF KNOWLEDGE AND CHECKING ITS RELEVENCY
I] PREPARE YOURSELF AS EXPERT[EXPERTISE IN ANYTHING]
J]ADJUST TO CHANGE
K] UNDERSTANDING VALUE IN THE CONTEXT OF SITUATION ...[VARIABLE TIMEFRAME BY VARIOUS ONLOOKER...IN SHARE MARKET]

SOME GROUND RULE AND A MODEL
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1]ALWAYS ASSESS FIRST
2]A SCHEDULE TO WORK
3] A 'GROUND' TO WORK[ON WHICH] ...AND WHICH NEEDS FURTHER ATTENTION
4] RELATIONSHIP STUDY FOR EFFECTIVENESS.....ENHANCE ONES KNOWLEDGE ....UNDERSTAND FILTRATION IN LEARNING/MATURING
.........FEEDBACK LOOP CHECK
..................I PROPOSE A 3 STEP MODEL
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1]EXPLORATION OF NEW IDEA
2]NEW UNDERSTANDING
3] PLANING UR ACTION
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this model pt i expand later

first step ...exploration of new idea
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clarify what to learn
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create a discussion mode friendly enough to encourage further exploration
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be patient
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realise with time ...own answer..[resist temptation to tell others]....[ u see the fool in me...i dont follow what i am preaching]

second step...new understanding
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1.LISTEN....yet check and check any new idea if right
2. ask open question and discussion pl.
3.recognise individual strength/weakness
4.ESTABLISH PRIORITY
5. SHARE EXPERIENCE..[CASE STUDY METHOD]
6 BE FLEXIBLE..LEARN TO SEE FROM BACK..AS WELL AS FROM FUTURE
.......ENCOURAGE TO 'SEE' DIFFERENTLY...BUT QUICKLY LEARN WHAT IS RELEVENT[WHAT ONLY CAN HAPPEN..SO THAT IRRELEVENT LOOSE PRIORITY]
7.REMEMBER AN WORD 'COMFORT'...LEARN AT OWN PACE
8. KEY WORD IS CONSOLIDATION...REFLECT BACK AND CLARIFY
9.NEED...GOAL AND ASPIRATION........WHAT IS TO LEARN FURTHER?
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NOTE..NEVER ALLOW POOR UNDERSTANDING...TAKE UR TIME...BUT UNDERSTAND THOROUGHLY....AS ACTION OUT OF WRONG/POOR UNDERSTANDING...SHALL BE VERY COSTLY LATER

Third Step...action Plan
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1.examine Alternate Action And Its Consequence [risk/reward Analysis]
2.choose One Or Two Proper Action Plan...monitor Progress Of Event[price].....evaluate Outcome[later..in Cool Brain]
3. Commitment Factor....[expect Many A Time U R Wrong]
4.evaluation Of Oppurtunity....believe/faith Factor How Far Helpful In This Particular Occation
5.learning Cycle...think Of Experience.....what U Can Generalise From Experience? Apply It........experience Loop

hope all those reading it , find enjoyable and thought provoking.....
but first question is why u need a mentor?.
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the answer is as mentee needs a support /trust...stress relieve mechanism
as trading is always an uncertain event....
who can be mentor?
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who has knowledge , experience and skill in related field............who has vast experience of facing difficulty and yet to run smoothly[what to do now].ie. calibre to face stress
HE MUST HAVE SKILL ...TO BE OPENMIND.+IVE OUTLOOK..GOOD LISTENER...to think and feel how others plan to behave..
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hence check the fitting mentor and mentee...a concept i find useful ...
'pentagonal peg and 5sided hole'....a basic job fitting criteria used by professional interview board

Being A Mentee
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Accept Challenge ...ready To Learn Willingly And Highly Committed
...believe In Balanced Risk Approach...must Believe Learning Is A Continous Process....achieving Progress Is Always Possible With Time
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Expectation Of Mentee
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1.proper Guidance Yet Challenge To Perform
2. Enjoy Friendship And Support
3. Learn From Example
4. Learn From Mistake
5.take Wise Counsel/know To Listen
6. Self Aware
7.share Critical Knowledge