Anyone looking to coach me (for a fee)?

I am a reasonably succesful property investor (£3m portfolio in 12 months) in the Sheffield area.

I am looking for a succesful share trader to teach me HOW TO MAKE MONEY from the stock market. I would say I am a novice although I have traded covered calls (badly).

Preferably looking for someone in the South Yorkshire area. Ideally I could provide property investment coaching in return. Alternatively name your price.

Shares4me

Hi shares4me,
Welcome to T2W.

shares4me said:

I am a reasonably succesful property investor (£3m portfolio in 12 months) in the Sheffield area.

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I know you only posted this less than an hour ago, even so, I'm amazed you haven't been swamped with replies. Yeah, I'll coach you; I don't live anywhere near Sheffield though. But hey, I can move!

shares4me said:

. . . I could provide property investment coaching in return.

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Errrm. . . I think you're on a hiding to nothing there shares4me. Surely the only worthwhile property investment advice right now would be 'DON'T DO IT'!

Tim.

Buy property 30% below TRUE MV with 130% rental stress.

I quite take your point chaps - and it's a very good one - nonetheless, images of a razor sharpe knife falling with momentum towards my outstretched hand spring to mind!

Hi Timsk, Options how are you?

Interesting thread that naturally grabbed my attention.

How low can it go?

All this is just a minor correction in any case. It had to happen.

As to when the turn around comes, well... Look to the banks. They cannot all fall down.

Started buying certain banks last week or so. (Look what happened to most english banks on a daily chart on the 16th just gone). Nowhere near clear yet though.

For a clear cut way of knowing of knowing when this is all going to turn up again look at the dow futures. At the moment they are under the cash, pulling things down. When the future is back above the cash...

But by then most people will have missed the choo choo.

Sorry to hijack the thread shares4me. Is it just shares you are interested in?

Naz! Good morning sir.

Been a long time. I trust you and your family are well.

Just waiting for cable to break out of a tight range at the moment. Think it will be a narrow range day though. You know what cable is like at month end.

Is the L2 still holding up or has it changed much?

Why Shares?
Like property You will only make money if the market rises unless you are going to use CFD'S
why not forex and you can learn currency trading without paying out to anyone.
What you have to bear in mind is making such a request on an open forum, you are probably flooded by offers,like an earlier post said.
Remember:
Those who can trade trade
Those who can't trade teach.

Apolgies in advance to those who can trade and teach. You know who you are.

Yes, it's been a long time and i just thought I'd pop in.

I saw TimK and your self on this thread and thought I'd say hello. Come August and it's a quiet time and what does a UK based US day trader do while he waits for the US market to open, but trawl the web.

Yes, Level 2 Nasdaq trading is still as good as it ever was. Ok over the years it's changed a a bit but it's still really good. NYSE stocks are really good to trade with it now.

Put it together with the charts and I still think it's very good for day trading. Of course that is only my opinion.

shares4me, I'd say the tell-tale sign of the guy / girl who don't know what they're talking about but still need to make a living is that they'll charge you for their insights to trading.

First thing I'd do is read all you can about markets, these books should be a good start:

Amazon.com: Reminiscences of a Stock Operator (A Marketplace Book): Books: Edwin Lefèvre,

Amazon.com: Market Wizards: Interviews with Top Traders: Books: Jack D. Schwager, (and the second one)

Amazon.com: Pit Bull: Lessons from Wall Street's Champion Day Trader: Books: Martin Schwartz,

Amazon.com: The Logical Trader: Books: Mark B. Fisher,

Amazon.com: Trader Vic--Methods of a Wall Street Master: Books: Victor Sperandeo,T. Sullivan Brown

Amazon.com: Trading Risk: Enhanced Profitability through Risk Control: Books: Kenneth L. Grant

Amazon.com: Schwager on Futures: Technical Analysis: Jack D. Schwager: Books

and

Amazon.com: Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude: Books: Mark Douglas

This site right here (check out traderdantes thread on how to make money as a good, robust method) and the web are full of free info telling you all you'll ever need to know about trading, technical analysis, money management etc, but analysis wise I'd limit myself to understanding what the trend is and how to use support and resistance, that's all you'll ever need to make money, along with a good understanding of risk and money management, plus what's an inevitable part of success in all walks of life, an ability to handle losses.

Once you have a good understanding of the basics you'll meet more than enough traders who'll let you look over their shoulders for free.

Or have a look at some of the proprietary trading firms out there like these:

http://www.tcamarkets.com/]TCA Markets - Proprietary Trading

SMB Remote Training - Overview

Good luck !!!

PS, good read as per my last suggestion of checking out prop firms:

"Training Successful Traders: The New Breed of Proprietary Trading Firm

Increasingly, I'm coming across prop firms that are succeeding by investing in training their traders. These firms tend to be owned and operated by successful traders with a passion for teaching their skills to others. It's a great win-win: the firm wins by earning a percentage of each trader's profit; the trader wins by receiving an education you couldn't pay for.

Interestingly, because veteran traders are running these training programs, they recognize the importance of both teaching skills and instilling proper trading psychology. In my opinion, this makes the training programs far more "real world" than many of the "trading education" offerings from self-anointed gurus.

As an example of this new breed of prop firm and the kind of skills and information they teach, check out the blog for SMB Capital. I had the recent privilege of visiting with SMB and witnessing their program first hand. Steve and Mike, featured in this video summarizing their ideas, strike me as experienced traders who run their firm with integrity. (Here is Part II to their video).

Perhaps the most interesting part of what they're doing is that they've opened up their training programs to traders who can't join their New York firm. This enables independent traders to receive the same education/training/support that would be available in a professional firm, thanks to the online medium.

Keep your eyes open; a number of proprietary trading firms--several of which have been in touch with me--will be entering this space: going public with the training they offer their traders. As they compete, they will be driven to offer more and better training. Eventually, the most savvy ones will integrate coaching with the education/training through videoconferencing and intermittent personal visits. If they're even more savvy, they'll use their public training efforts to identify future successful prop traders.

Few people realize it at the moment, but it's a great time--a very promising time--to be a trader."

LINK: TraderFeed: Training Successful Traders: The New Breed of Proprietary Trading Firm

gamma said:

Those who can trade trade
Those who can't trade teach.

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Best advice I ever saw! I'd rep you gamma but I gotta spread some love first.

If you amassed your 3m portfolio in the last 12 months then you bought at the peak of the market. 30% off bmv means nothing, especially if you bought new builds...

And that's 3m of debt you have now - not assets.

shares4me said:

I am a reasonably succesful property investor (£3m portfolio in 12 months)

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Apologies in advance, I know it isn't relevant to the thread, but how exactly do you measure success as a property investor? Is it the ability to take out the biggest loan you can get to buy the most amount of property? Is it the paper value? Is it the change in paper value (we all know the prices have dropped - is your portfolio worth 10p if you cash up now)?

Everyone was a trading god in the dotcom boom. Everyone was a property guru in the property boom: buy a ropey house, take a dump in each room, sell 12 months later for huge profits. Thing is, the truly successful property investors are those who are making money inspite of the recession. The rest are crapping themselves with idiotic debt. And swearing at the likes of Sarah Beanie. And Fast Track.

As for making money in property, it's still fairly easy but you have to play the waiting game. 2 years of waiting, I think.

Good luck, anyway.

Hoggums said:

And that's 3m of debt you have now - not assets.

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It's only a loss if you close the position.

BSD said:

Few people realize it at the moment, but it's a great time--a very promising time--to be a trader."

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That's what I love about trading... the skies the limit and unless you only buy and hold (which makes you an investor in my book), its always a great time to be a trader. Whatever is happening in the world, the markets still bounce up and down all day and the only limitation to your income is your capital. Higher gas bills, higher food costs, higher petrol costs, recession... so what!

Hey Wasp, I'm wading through your trading journal step by step at the time, great stuff you're doing there, KISS and successful, thats another thing our property investor shoudl read, along with TD's thread:

http://www.trade2win.com/boards/trading-journals/20529-wasp-s-journal.html

http://www.trade2win.com/boards/first-steps/26947-making-money-trading.html

wasp said:

That's what I love about trading... the skies the limit and unless you only buy and hold (which makes you an investor in my book), its always a great time to be a trader. Whatever is happening in the world, the markets still bounce up and down all day and the only limitation to your income is your capital. Higher gas bills, higher food costs, higher petrol costs, recession... so what!

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However I don't know about today though?
Oil and Gold rising but the advance gdp from the states are expected to be better.
Maybe today is not a good day, well see.

thanks for the comment hoggums.

BSD said:

Hey Wasp, I'm wading through your trading journal step by step at the time, great stuff you're doing there, KISS and successful, thats another thing our property investor shoudl read, along with TD's thread:

http://www.trade2win.com/boards/trading-journals/20529-wasp-s-journal.html

http://www.trade2win.com/boards/first-steps/26947-making-money-trading.html

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Cheers BSD and thanks for the reps too for the journal.

It was an interesting, rewarding and extremely educational journey and whilst I agree worth reading, I'd say even more so is doing it for oneself. It teaches you not only about the markets but also your own path.

As it goes, that journal is over complicated in comparison now. These days I keep things so simple its scary! All I went through in there to come out with nothing more than 2 or 3 horizontal lines on my chart now!

Definitely a route worth taking for a newbie especially with others input.

wasp said:

It was an interesting, rewarding and extremely educational journey and whilst I agree worth reading, I'd say even more so is doing it for oneself. It teaches you not only about the markets but also your own path.

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That is oh so true !!

That's also why I think teaching someone how to trade is usually an endeavour doomed to failure from the outset because you need to figure out what works for you yourself, not somebody else.

That's what I did starting out, first I tried to contact only those who are successful, walking the talk, and tried to figure out what and how they made money from markets, their success gave me what's most important initially, confidence in their methods, but then I moved on and synthesized sthg from all the stuff I'd seen to suit me.

All the stuff I'd seen was admirably simple as far as that goes, but some guys were contrarians, others went with the trend, some used a moving average to define the trend, others relied only on price itself, pretty much all based their trading on support and resistance, but with variations, eg some only traded flags or bought swing breakouts in the direction of the trends on several time frames, others only sold double tops / bought double bottoms, some didn't use charts at all and simply looked at the numbers and could vizualize S/R there, that sort of stuff, but all in the KISS camp.

I forget where I read that recently, was it someone who posted that here, but what they said certainly rings true, the difference between a so-so trader and a real money printer is simply that in general they do the same thing, but the outperformer simply does it better !

It really is just about you !

Good trading !!

BSD said:

It really is just about you !

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Exactly. Everyone is different.

You and I may both trade purely off the reactions at levels of supply and demand but,

I may have a bigger appetitive for risk.
I may be greedier.
I may use a trend line here and there.
I might favour a tighter stop and more trades.
I might be after 400 points per week whilst you are content with 20.
I might prefer holding for a day or two whilst you only an hour.

I may have my eyes on trading till I can afford a 40ft yacht, the next man just wanting to pay the bills and afford presents for the kids.

There are so many variables in not only how one trades, but also ones goals, risk appetite, targets, wants and needs. Not to mention all the markets on offer....

This partly negates the point of forums too as most new threads will head in the direction of finding one particular final answer when there is no such thing. Someone comes along and will state emphatically you must do X, Y or Zee which, for one person is perfect, another useless. Take stops for just one example banded about constantly.

Anyhow, I am waffling. End of the day, there is no definitive way as everyone is different and thus, the best path to success, IMO, is doing it all yourself.