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Need a true Teacher Mentor


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Updated June 1st 2020 by Sandpaddict
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Need a true Teacher Mentor

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  #111 (permalink)
Scarborough
 
Experience: Intermediate
Platform: Ninja Trader
Trading: Emini ES
 
Posts: 27 since Apr 2020


Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?

I started my course at the Fibonacci trading institute in October of 2019 with Alla Peters. You can watch her videos on how she teaches here: https://fibinstitute.com/. You can read our reviews of the course and her teaching under the review section. You can listen to our podcasts as well.

I decided to join the Fibonacci institute after watching her videos. I signed up for the three month course and when I graduated I signed my wife up as well. In December or when the kids eventually go back to school both my wife and I are joining the six month mastery course.

You need a complete reset. Please take it from me. Your story is no different from mine and many others. Please listen to me. You need to let go of all you think you know and let Alla help you. She has done wonders for my life. She has given me so much hope and joy and peace. All I wish for you is what I have, what I enjoy. The confidence to trade without fear or panic.

Come and listen and watch us trade. And then decide on how you feel. Watch the videos, ask questions, all Alla and talk to her. Itís all there with nothing to lose and a new lease on your trading life to gain. Her methods allows you to grow your account with confidence.

I should warn you, there is a lot to learn but if you are willing to put in the time, you will be rewarded handsomely.

Please go to the site and read my review which is under my names. Emmanuel Erskine. It is an in-depth review of the course which includes what my personal challenges are and have been what I battle and what Iím working on. Making money is not what your issue will be. Itís all the other stuff she teaches to help you hold on and grow your money. Let me repeat that: making money will not be your issue. That is the easy part.

All I can do is point you in the direction. Any thing else you do other than what I have suggested will just continue to take you round the mountain. You will find yourself in the same position in no time at all.

You need a complete overhaul. A complete reset. You can get it here. Www. Fibonacci institute dot com.

Good luck. Iím in the trading room Monday to Friday. Come and say hi. We so my trade four days a week. We are encouraged to only take one trade a day. Two at the most unless you suffer a loss then maybe a third may be required. One trade is usually enough. Greed kicks in after three trades and you are likely to give all or soMe of your profits back. These are some rules we have. They are like guard rails to keep us on the journey. The market will test you every day. We are well armed to face and pass the test. Come learn how and find your enjoyment and passion in trading again.

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  #112 (permalink)
phx AZ US
 
Experience: Intermediate
Platform: sierra chart
Broker: Infinity
Trading: es
 
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Posts: 211 since Feb 2010
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Ty199 View Post
I have kinda, the Dr. had me do some but it was hard to even do that. Maybe because he had me doing breathing lessons for like 10 min at a time starting out. But I still start to think about so much stuff and loose focus on what i was doing. Honest I really not for sure if I know what mediation is to an exact point of what to do.

https://www.youtube.com/watch?v=3uT7L1Pk8t0

106 - Can meditation give traders an edge with Adam Grimes - Better System Trader
adam grimes had some cool meditations but I cannot find it online.
He had provided it for free. Maybe you can email him.

https://soundcloud.com/yvan-byeajee

here is the ones that I followed at one time...awesome stuff....
https://www.thereisaway.org/ho-oponopono-cleaning-meditation/

there are more at thereisaway.org site and it is all free ( atleast ones I used and those were awesome)....
Good luck
Sam

You can practise your skills all day long, but it's comparatively easy to get better at playing. The hard thing is to get better at winning--anonymous
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  #113 (permalink)
Netherlands
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: IB, NinjaTrader Brokerage
Trading: Futures
 
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Posts: 112 since May 2012
Thanks: 122 given, 186 received


@Ty199, I certainly don't want to underestimate what you have been going through but maybe the next resources can provide some help:

I think Dr. Joe Dispenza offers an interesting distinctive view (scientific) to say the least (you may know his work). See Todd's Testimonial and more on ptsd.

Another one with a different view, highly valued around the world, is Wim Hof or the Iceman. His method is very simple, effective and not expensive. See Wim Hof Method | "Brain over Body" Michigan Study.

Take care,
-Mich

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  #114 (permalink)
Hollywood, FL, USA
 
Experience: Intermediate
Platform: MultiCharts
Trading: eMinis
 
Posts: 2 since Oct 2019
Thanks: 1 given, 8 received

Finding a teacher

I have been trading on and off for the last 22 years. The first 'trial' I lost 360k, the second trial I lost 60k, now this time I actually made 150k (this year alone), so yes there is hope, but it comes with ....


Quoting 
'I paper trade and did use real money until I finally learned that I am not doing any good loosing my money.'

Paper trading is good if you want to test some ideas, NEVER treat paper trading as NOT FOR REAL otherwise you are actually just wasting your time.

You will have days that you loose money, suck it up, it comes with the work, main important thing is that you are good at the end of the week/month.

If you are consistently loosing money, than you might be an addict (sorry I am very blunt in my expressions, but I wish people were more non-political-correct and say how it is), so if you cannot afford it, and losing, than stop with this work, it is not meant to be.

About trading courses and 'hot tips', forget about those. I have wasted >20 k on this B.S. and the best thing I learned from it is that they are not there to make you money. Most of those companies need this income as their so called 'super indicators' or 'super strategies' did not made them money, so they try to sell it to you. If it would have worked they would not sell it, believe me, no free lunch.

There are some traders that do have ethics and I am sure you can find a bunch in this forum. The ones that share their experiences are the ones with valueable lessons. Use those to grow, it does work.

The suggestion to use the Micro Futures is a great one, use this to first proof to yourself that you can be consistent (and I mean for months in a row) before adding to your positions (like start with the Russel M2K, 1 contract and perhaps 1 to average but that is it. If it goes bad, well suck it up there is always another trade around the corner.)

If you think you have a strategy and it worked on paper but not for real, you know that you can just throw it away, your system MUST BE AS GOOD ON PAPER AS FOR REAL, if not, trash it.

I hope I did not stepped on anyone their toes, it is just a bit of my experiences shared here. I am a wealthy person and do not need to trade, but I like to do so as it is stretching my brains a bit and I love challenges. I trade about 2-3 hours 4 days a week, or if it rains I do some more

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  #115 (permalink)
Legendary  Vendor: www.jigsawtrading.com 
Bangkok
 
Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
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Ty199 View Post
Really need help to learn. I have been trading for about 4 years and lost so much money. I paper trade and did use real money until I finally learned that I am not doing any good loosing my money. I have tried so many set ups, indicators all that stuff but cant get the solid foundation to start with. Im missing something somewhere and have been trying so long to find what it is. I want to learn ! I have to learn ! This is what I want to do... Even after all the lost money, failing and feeling like crap I still have a drive to do it and it has not slowed down. I am not getting something somewhere. Looking for a true person or group to teach me. I dont want to follow someone I want to be on my own after I learn. Recommendations on where to look and start ?

I understand this need - but are you 100% sure you want a mentor? What if the mentor asks you to do stuff you don't really want to do:

- Be 100% responsible for your trading decisions & your trading plan
- Cut down your trading time so you have more time to go over videos of every trade you make at the end of every day
- Write to your trade journal after every trade
- Stick rigidly to your plan and make no off plan trades (people find this really tough)
- Keep an eye on the news, the volatility, the pace of the market - use that to decide whether to trade or not
- Not trade on some days
- Throw a lot of your beliefs about trading away
- Have 100% faith in your mentor and follow his instructions to the letter

I'm not saying any of these are things you specifically...

In my experience. A lot of people looking for a mentor are looking for setups. They are looking for a shortcut. They are looking for less work. It's normal for traders to underestimate the amount of work involved to improve and when the shortcut initially looks like a lot of extra work - they bail.

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  #116 (permalink)
phx AZ US
 
Experience: Intermediate
Platform: sierra chart
Broker: Infinity
Trading: es
 
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Posts: 211 since Feb 2010
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Jigsaw Trading View Post
I understand this need - but are you 100% sure you want a mentor? What if the mentor asks you to do stuff you don't really want to do:

- Be 100% responsible for your trading decisions & your trading plan
- Cut down your trading time so you have more time to go over videos of every trade you make at the end of every day
- Write to your trade journal after every trade
- Stick rigidly to your plan and make no off plan trades (people find this really tough)
- Keep an eye on the news, the volatility, the pace of the market - use that to decide whether to trade or not
- Not trade on some days
- Throw a lot of your beliefs about trading away
- Have 100% faith in your mentor and follow his instructions to the letter

I'm not saying any of these are things you specifically...

In my experience. A lot of people looking for a mentor are looking for setups. They are looking for a shortcut. They are looking for less work. It's normal for traders to underestimate the amount of work involved to improve and when the shortcut initially looks like a lot of extra work - they bail.

IMO, Mentor is essential...but also someone who can be with you long term ideally lives in same city and you can consult regularly say once a month ...one who can guide , encourage and provide subtle insights....not just to learn from...and yes...he/she needs to be a real trader....

You can practise your skills all day long, but it's comparatively easy to get better at playing. The hard thing is to get better at winning--anonymous
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  #117 (permalink)
Legendary  Vendor: www.jigsawtrading.com 
Bangkok
 
Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
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Trading: ES
 
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tradersam View Post
IMO, Mentor is essential...but also someone who can be with you long term ideally lives in same city and you can consult regularly say once a month ...one who can guide , encourage and provide subtle insights....not just to learn from...and yes...he/she needs to be a real trader....

Yes - but it's not available to everyone and certainly many people could make massive strides without one.

Most married men would do well to talk through the days trading with their wife at the end of the day. I've yet to meet a married male trader that wasn't horrified at the thought.

Having an accountability partner is also much better than flying solo. Someone you catch up with each week and you take turns going over what you said you'd do vs what you really did.

Most people are not disciplined enough to do it alone.

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  #118 (permalink)
Joplin, Mo. Jasper
 
 
Posts: 32 since Sep 2019
Thanks: 16 given, 39 received

What I see as a Mentor would be showing and teaching what and why the market moves and what to look for. Lets be honest, you do something long enough and see it many times over you can have a good , very good thought of what is going to happen. Law enforcement, many times just standing talking to people that was of interest or did something you could tell what the plan to do or get close to what they are going to do. Body language, is he going to run , fight, or just be hard to deal with or easy going. Language, how he is using his words or words in a manner you could tell most likely what he would do. Just eye quick eye contact you knew to get ready. Many times new Officers I would pull the to the side and tell them, hey, this dude is going to run when we go to arrest him just by his attitude and body moments. The way a person looks off and not at you, cant keep a conversation on topic, he is most likely lying and. A person who is carrying a weapon, look at his clothes, pants to the side more than the other, shirt undone just a little imprint of something that shows on the shirt when they move. You can read so much from a person. I would teach new cops by watching videos and pointing out what , why and how, and in what direction is things going to happen. I still do it today. Was in the store at the check out paying for my stuff and a cop walks in and from his look he was looking for someone. I looked to my right and there was a guy, Bamm I knew what was going to happen. He ran for the door. I turned and tripped him and slammed him down and the cop come around the isle to cuff him.. Did not mean to, I just did it out of instinct and reaction to what I saw.
Now same with charts, patterns, volume, time and sales news, anything. These things show signals of what is most likely to go on and how. This is what I want to learn, you see something and you know a move is pretty much going to happen. Someone to show me how to read this and why it did what it did. People do things to show what they are going to do, charts do things that show people what to do. It all pattern from the person who can see it. Thats a mentor as I see. What to look for, why to look for it and what to do with it.
Long post but just putting what I think a person a teacher , mentor should be like.

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  #119 (permalink)
Manchester, New Hampshire, United States
 
Experience: Intermediate
Platform: TradingView
Trading: ES, GC
 
Posts: 3 since Apr 2020
Thanks: 6 given, 2 received


n5rinivas View Post
Price action can help you. I was in a similar position and i have seen lot of improvement. I have not been consistent in profit making , but my winning rate has increased after joining here. You can trade Oil, ES and other Futures with mechanism thought in this group.



https://www.oiltradinggroup.com/







Sent using the futures.io mobile app

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  #120 (permalink)
Joplin, Mo. Jasper
 
 
Posts: 32 since Sep 2019
Thanks: 16 given, 39 received


Like to say Thank you to everyone that commented and gave advise. I have been sim trading using the micros. The main thing I found out is my patients gets in my way. I have been waiting for a set up instead of trying to make one happen. Also taking a few trades and being done. Still working on this, the greed .. wanting more than what the move is giving. Making some progress so its better ! Thanks everyone for your help !

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