Mentor Wanted - Thank you in advance. | Trading Reviews and Vendors


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Mentor Wanted - Thank you in advance.

  #8 (permalink)

Elite Member
Nashville
 
Futures Experience: Intermediate
Platform: CQG
Favorite Futures: ES
 
Posts: 21 since May 2013
Thanks: 32 given, 15 received

Thanks Traderwolf. After having a night to sleep on it. I think I became overly frustrated yesterday after looking at stats all day and not finding a true executable edge. That is probably just part of the journey to finding an edge. Truthfully, I think I just wanted an edge to "come" to me. I wanted to just watch the market and see an edge jump off the page. After realizing it takes real work. I started using my software and creating stats to find an edge. Well, I haven't found and edge yet, but I learned a LOT about my software and how to test using excel over the last week. Back at it today.


Traderwolf View Post
You really should start a journal if that is what you expect.. There are plenty of people who will give you some input if asked I do believe.. The answers to your situation are fairly straight forward if you will put in the time.

A couple of questions:

1. Do you have a defined edge that will deliver you the results you are looking for?
2. Is that trading edge consistent with your personality type?
3. Is it written in a detailed trading plan?
4. Have you back tested this trading plan at length to validate its edge?
5. Have you traded it in SIM long enough to insure you can see all of the setups well enough at the hard right edge?
6. Have you then taken it live and seen what gaps you have from your theoretical plan and your ability to trade it?(most likely psychology issues)

If you haven't completed all of these steps .. you do not need a mentor.. you need to go back to work.

What you need to work on should be very very obvious.. And there are plenty of threads on edges, trading plans, psychology, as well as some great books..


Best to you..

Wolf


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