learning of a discretionary 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

Re: learning of a discreationary trader

Truly unlucky never got one.

Re: learning of a discreationary trader

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]

Re: learning of a discreationary trader

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]

Re: learning of a discreationary trader

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

Re: learning of a discreationary trader

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]

Re: learning of a discreationary trader

second step...new understanding
................................................
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?
...........
NOTE..NEVER ALLOW POOR UNDERSTANDING...TAKE UR TIME...BUT UNDERSTAND THOROUGHLY....AS ACTION OUT OF WRONG/POOR UNDERSTANDING...SHALL BE VERY COSTLY LATER

Re: learning of a discreationary trader

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

Re: learning of a discreationary trader

hope all those reading it , find enjoyable and thought provoking.....
but first question is why u need a mentor?.
..........................................
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..
.................
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

Re: learning of a discreationary trader

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