noads
Junior member
- Messages
- 31
- Likes
- 4
This two doesn't go together, you cannot not know somebody to have opinion about him.I'm not a mentor, I've never had one, I don't think I've ever communicated with one. I don't believe they are scammers.
This two doesn't go together, you cannot not know somebody to have opinion about him.I'm not a mentor, I've never had one, I don't think I've ever communicated with one. I don't believe they are scammers.
No. The mentor is there to show you which is a mistake and which is not. For example, he will show you his mistake that he committed 5 times, he will show you in which context it was. Then you will make the same mistake, but only twice, so the time is saved. So, there is a faster way.now your mentor through his own experience has not found a holy grail, but you are able to learn from his past mistakes. surely the whole point of a mentor. you are now distrusting. with 99% certainty, as you too have to go through the same mistakes he did. because there cannot be a faster way
You are mixing contexts, so it's not applicable to trading. You cannot mix contexts in that way, because if you do, we will end up with saying that if somebody sells parachutes which opens 6 times out of 10 -it's not a great value, but it can be good value for somebody, because it works more than it doesn't.For me a scammer is someone who sells something which the reasonably competent client cannot possibly make money with. Selling something which is poor value is not a scam, that's normal business - look at the price of designer sunglasses for example. But it could still even then be good value for some customers.
So basically the mentor even if he could show you a round wheel, his job is to point out the mistakes of the square wheel you're still trying to develop. Regardless if a strategy exists that the mentor is aware of, your advice is to say no, no mentor please dont show me a round wheel, thats not your job.No. The mentor is there to show you which is a mistake and which is not. For example, he will show you his mistake that he committed 5 times, he will show you in which context it was. Then you will make the same mistake, but only twice, so the time is saved. So, there is a faster way.
Mentor will have his own edge that he owns, or he learned from somebody else, and it is a "holy grail" for him, so he will not waste time to give it freely. If you have something valuable, you will only exchange it for value.
Yes, I don't have a clue what you are saying. Get out of your inner world and try to communicate clearly. Not by supposing what others would say if you think that they are saying.So basically the mentor even if he could show you a round wheel, his job is to point out the mistakes of the square wheel you're still trying to develop. Regardless if a strategy exists that the mentor is aware of, your advice is to say no, no mentor please dont show me a round wheel, thats not your job.
You honestly don't have a clue
As I've said I don't know any mentors, I have no experience using a mentoring service.You are mixing contexts, so it's not applicable to trading. You cannot mix contexts in that way, because if you do, we will end up with saying that if somebody sells parachutes which opens 6 times out of 10 -it's not a great value, but it can be good value for somebody, because it works more than it doesn't.
No, there are certain standards when it comes to trading. We all are making those standards, the higher we go, the fewer scammers will be. This will help new traders and humanity overall.
Yes, my experience is bad with mentors, thus my involvement into this subject. For example, my bad mentors were saying that you shouldn't feel emotions while trading and if you do, then stick to the plan, ignoring them. Till this day, sometimes I make the simple mistake trading against trend, "sticking to the plan" or allowing the pain to be there. Trading too much with my multiple stop losses taking out. Which in most cases is bad for my trading. When I listen to my emotions, and deconstructing what they try to point out. I usually trade less and make less losses. This is what a bad mentor can do for your trading. After I flipped and ditches many bad mentors, I can generate more profits, because there is less frustration of "sticking to the plan". So my mental capital is preserved, and I can trade the next day better.As I've said I don't know any mentors, I have no experience using a mentoring service.
But perhaps you have more experience using mentor services. What can you say about your experience?
Or perhaps you are a mentor? It would be good to get that side of the story, which we don't often see on forums.
Thanks. Some interesting observations, such as listening to your own emotions, ditching the trade plan and avoiding trying to get "into the zone". This is stuff we don't hear much on forums like this.Yes, my experience is bad with mentors, thus my involvement into this subject. For example, my bad mentors were saying that you shouldn't feel emotions while trading and if you do, then stick to the plan, ignoring them. Till this day, sometimes I make the simple mistake trading against trend, "sticking to the plan" or allowing the pain to be there. Trading too much with my multiple stop losses taking out. Which in most cases is bad for my trading. When I listen to my emotions, and deconstructing what they try to point out. I usually trade less and make less losses. This is what a bad mentor can do for your trading. After I flipped and ditches many bad mentors, I can generate more profits, because there is less frustration of "sticking to the plan". So my mental capital is preserved, and I can trade the next day better.
Also, bad books can mess you up. For example, "Trading in the zone" was the worst focus for a while in my trading. Because I chased the mental state which exists from time to time, but you will not be 100% of the time in the zone. Sometimes shy trades are the best when you are not in the zone. But the phrase "Trading in the zone" sells best, and generates a lot of profit, not for traders, but for the author selling books.
This answer is fine if you want to learn ‘technical analysis’ or more specifically candlestick charting but not if you want to learn to trade. Your not going to learn golf from a guy who makes golf clubs or a better analogy a guy who sells golf clubs. Learning enough technical analysis to trade is trivial but won’t make you a trader.First proof
First proof should be about research.
For example, Steve Nison. Back in the days, he was an honest man teaching Japanese candles based on years of research. He simply stated that he is not a professional, but he likes to make the best of candles. He translated and researched candles for years, doing his own research on the chart, studying successful traders. Why would anybody discard his teachings only based on his track record. Maybe there are some traders using his method who are successful? If so, then he would be a good mentor to teach you about Japanese candles.
Better still, why not to make your own research back testing his knowledge? Why not to first take his free materials and research. If you like it, why not to buy his book? And if you proved to yourself that based upon your research it's a good knowledge, but you have questions, why not to buy his course or mentorship?
I'm just saying, I'm not promoting him, nor do I buy his courses. Just simple observation and resolution on how to find a good mentor.
Traders often think that they have to pay first and then... Why not to have cautious approach and use your discernment, researching first?
Who these days want to research? 0.001 percent of traders? I saw many (probably hundreds) wannabe crypto traders who didn't even research anything, just watching YouTube crypto videos, and putting money into Shiba Inu. Everybody saw it. Did it work for them?
Proof is in the charts, I don't have to believe, I just check on the charts if some method works or not. That's how I found a good mentors. It's a modular thing, you don't have to find one and marry him.
So, the real question is how to research charts and people. Then it's easy to find a good mentor or be a mentor to yourself.
uld be about research.
For example, Steve Nison. Back in the days, he was an honest man teaching Japanese candles based on years of research. He simply stated that he is not a professional, but he likes to make the best of candles. He translated and researched candles for years, doing his own research on the chart, studying successful traders. Why would anybody discard his teachings only based on his track record. Maybe there are some traders using his method who are successful? If so, then he would be a good mentor to teach you about Japanese candles.
Better still, why not to make your own research back testing his knowledge? Why not to first take his free materials and research. If you like it, why not to buy his book? And if you proved to yourself that based upon your research it's a good knowledge, but you have questions, why not to buy his course or mentorship?
I'm just saying, I'm not promoting him, nor do I buy his courses. Just simple observation and resolution on how to find a good mentor.
Traders often think that they have to pay first and then... Why not to have cautious approach and use your discernment, researching first?
Who these days want to research? 0.001 percent of traders? I saw many (probably hundreds) wannabe crypto traders who didn't even research anything, just watching YouTube crypto videos, and putting money into Shiba Inu. Everybody saw it. Did it work for them?
Proof is in the charts, I don't have to believe, I just check on the charts if some method works or not. That's how I found a good mentors. It's a modular thing, you don't have to find one and marry him.
So, the real question is how to research charts and people. Then it's easy to find a good mentor or be a mentor to yourself.
That's fair enough but finding one extremely hard.I might be able to add something of value here. I used to work in the hedge fund industry for several years after I graduated. My first boss was a former head of EMEA equity prop trading at Morgan Stanley. My second was former global head of proprietary trading at Goldman. I sat next to these people and watched them trade for several years. My job changed but generally involved doing risk management, research and modelling for them. So I would say I was mentored, in the literal apprenticeship sense. I got to understand their thought processes and the research/sources they used, and how they managed risk. It was literally invaluable as a formative experience.
If you think of the top investors in the world, a spectacular number came from a very few places - Commodities Corp, Soros, Tiger, Goldman, etc. I think that says it all really. A real mentor (not a trainer) can be game changing and a source of massive competitive advantage I think.
Nobody on any forum I've used has ever volunteered to report just what their mentor actually did.
This is odd. If they made a profit you'd think they would like to tell people how it happened. If they made a loss and believe the trading system they bought was defective, you'd think they'd be equally happy to tell everyone.
What we have is a lot of opinions (my own included). But no facts.
True! I myself couldn’t find any genuine mentor.You don’t need one, tbh! It’s great if you do find someone. But if you are honest with the trading process and critically analyse yourself, then you could also make it your own.
I do not have a mentor in cryptocurrency trading, I learned everything myself. But I have a mentor who deals with investments and business, his name is Oskar Hartmann. If you understand how investments work, and how money should work for you, then you can easily trade, the main thing is to learn the basics. And of course, it is desirable to find a mentor, but this mentor does not have to be from the world of cryptocurrency, it should just teach you how money makes money, and then you figure it out yourself.Hello, I am new to Trade2Win and thinking to start trading. How can I find a good mentor?