Looking for a mentor

Hello, I would like to offer £1000 mentor fee to a person that can teach me or rather show me a way to make consistent profits by holding positions from 1-3 day periods, basically I don't want to learn how to scalp. I have been observing market behavior patterns since 1999, yet can't seem to find a way to be profitable. The reason I am offering only £1000 is because I can't afford any more as I am bringing up 2 young children and other money is reserved for trading capital, which isn't much anyway. Without sounding rude I would like to point out that I will not be able to accept propositions from people that don't have brokerage/sb statements for last 3 years. I understand that it may be asking for a favour by offering to pay just £1000, hopefully one day I will be able to return this favour. Thank You.

piker said:

Hello, I would like to offer £1000 mentor fee to a person that can teach me or rather show me a way to make consistent profits by holding positions from 1-3 day periods, basically I don't want to learn how to scalp. I have been observing market behavior patterns since 1999, yet can't seem to find a way to be profitable. The reason I am offering only £1000 is because I can't afford any more as I am bringing up 2 young children and other money is reserved for trading capital, which isn't much anyway. Without sounding rude I would like to point out that I will not be able to accept propositions from people that don't have brokerage/sb statements for last 3 years. I understand that it may be asking for a favour by offering to pay just £1000, hopefully one day I will be able to return this favour. Thank You.

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Do you really need to do this? What you're after is a swing strategy for forex, perhaps working on a 4hr TF. Why not google it, have a look on babypips, iirc there's suggestions on there for swing strats, or look for forex strategies revealed, look at their "complex" strats. they're not complex at all.

IMO your mentorship is here on T2W, gratis, if you ask the right Qs in the right way

piker said:

Hello, I would like to offer £1000 mentor fee to a person that can teach me or rather show me a way to make consistent profits by holding positions from 1-3 day periods, basically I don't want to learn how to scalp. I have been observing market behavior patterns since 1999, yet can't seem to find a way to be profitable. The reason I am offering only £1000 is because I can't afford any more as I am bringing up 2 young children and other money is reserved for trading capital, which isn't much anyway. Without sounding rude I would like to point out that I will not be able to accept propositions from people that don't have brokerage/sb statements for last 3 years. I understand that it may be asking for a favour by offering to pay just £1000, hopefully one day I will be able to return this favour. Thank You.

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Keep the 1000
Open an account with it
come on the Gbp/usd breakout thread
trade 2/2.50 a point
it will make you 40/50 pounds a day
WE DO NOT SCALP.
Oh! and if you want 3 years statements I can provide you with some fake ones that you will not be able to tell from the originals.As I am sure others can as well.
Good Luck!

The problem that I experience is that I get shaken/squized out of positions and when I make a gain it equals losses, if I widen stops, they tend to get triggered as well. Especially so recently, it's as if they hunt for all stops in this world in order to find liquidity.

piker said:

The problem that I experience is that I get shaken/squized out of positions and when I make a gain it equals losses, if I widen stops, they tend to get triggered as well. Especially so recently, it's as if they hunt for all stops in this world in order to find liquidity.

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I don't wish to be rude but that's now history, wanna change things, then why not take up Gamma's suggestion?

Black Swan said:

I don't wish to be rude but that's now history, wanna change things, then why not take up Gamma's suggestion?

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I will have a look at that thread.

piker said:

The problem that I experience is that I get shaken/squized out of positions and when I make a gain it equals losses, if I widen stops, they tend to get triggered as well. Especially so recently, it's as if they hunt for all stops in this world in order to find liquidity.

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HI piker,
One of the biggest problems with trading is managing a trade.
I even wrote a big post about how I was victimised and singled out by the brokers, who manuplated the whole forex market just to get my 100 pounds.

One of the ways of overcoming this problem is Get into and out of the trade before you are found, by the brokers just so they can manage the market to get you.

Most days on the cable thread, we are in and out before the brokers can find us.

gamma said:

HI piker,
One of the biggest problems with trading is managing a trade.
I even wrote a big post about how I was victimised and singled out by the brokers, who manuplated the whole forex market just to get my 100 pounds.

One of the ways of overcoming this problem is Get into and out of the trade before you are found, by the brokers just so they can manage the market to get you.

Most days on the cable thread, we are in and out before the brokers can find us.

Click to expand...

I am not interested in short term trading, what will you do if market reverses suddenly, platforms hangs & broker doesn't pick up the phone for 3 minutes? Your stop is 15 pips, market spikes 100+ pips against you. That is poor risk control IMO. You can reduce risk by reducing size, but that will generate really small gains.

I have tried all sorts of systems and have come to a conclusion that one needs an methodical edge to win more than lose or have an edge in a money management strategy, I am looking for a MMS as it is not based on loopholes in ebb & flow, but a math formula within trade management that I am struggling to establish myself.

See, again tried to nail gold. Yesterday's long was shaken out of, today's short breakout got squeezed out of. God damn it! They are shopping for ALL STOPS, no signal works unless used with a huge stop. I used to win 1 out of 3 times before, now it's more like 1 in 10!!!

piker said:

I am not interested in short term trading, what will you do if market reverses suddenly, platforms hangs & broker doesn't pick up the phone for 3 minutes? Your stop is 15 pips, market spikes 100+ pips against you. That is poor risk control IMO. You can reduce risk by reducing size, but that will generate really small gains.

I have tried all sorts of systems and have come to a conclusion that one needs an methodical edge to win more than lose or have an edge in a money management strategy, I am looking for a MMS as it is not based on loopholes in ebb & flow, but a math formula within trade management that I am struggling to establish myself.

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good Luck!
I wish you well in your quest

Just shorted DAX, will probably get squeezed again.

Thanks Gamma

Hi piker,
Welcome to T2W.
I concur with the views expressed in the thread so far, hang on to your money, at least for the time being. Finding any sort of a mentor to train you in return for hard cash is a very difficult task in itself. You have to find one that's not only good, but is right for you. To do that, you first have to know a bit about the markets and a hell of a lot about yourself. Only once you know the kind of trader you want to be and the timeframes and instruments you want to trade, can you really begin to look for a mentor.

So, in the meantime, I would suggest you start a journal and record your (paper) trades in there. Importantly, you must outline what it is you're trying to do and the strategy you're going to use to achieve whatever it is you're trying to do. Otherwise, it's akin to saying 'I want to travel' without specifying where it is that you want to go or the means of transport for getting there. If I had a pound for every post where a newbie says 'I want to trade' but hasn't addressed these two fundamental issues - I'd be a very rich man indeed! If you decide to go down the journal route, making it clear what your objective and strategy is, you may well find you'll get all the mentoring you can handle for free right here on T2W.
Tim.

timsk said:

Hi piker,
Welcome to T2W.
I concur with the views expressed in the thread so far, hang on to your money, at least for the time being. Finding any sort of a mentor to train you in return for hard cash is a very difficult task in itself. You have to find one that's not only good, but is right for you. To do that, you first have to know a bit about the markets and a hell of a lot about yourself. Only once you know the kind of trader you want to be and the timeframes and instruments you want to trade, can you really begin to look for a mentor.

So, in the meantime, I would suggest you start a journal and record your (paper) trades in there. Importantly, you must outline what it is you're trying to do and the strategy you're going to use to achieve whatever it is you're trying to do. Otherwise, it's akin to saying 'I want to travel' without specifying where it is that you want to go or the means of transport for getting there. If I had a pound for every post where a newbie says 'I want to trade' but hasn't addressed these two fundamental issues - I'd be a very rich man indeed! If you decide to go down the journal route, making it clear what your objective and strategy is, you may well find you'll get all the mentoring you can handle for free right here on T2W.
Tim.

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I've done all that, paper trading, sim trading, real money trading, reviewed dozens of systems, traded with trend, counter trend. It's not working. I don't want to spend another 10 years searching.

I guess real problem is my inability to identify real from non-real moves.

timsk said:

So, in the meantime, I would suggest you start a journal and record your (paper) trades in there.

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Have you tried this? Online so people can offer you advice/opinions etc.

mb325 said:

Have you tried this? Online so people can offer you advice/opinions etc.

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Did that. The trouble is that price action is not based on actual levels, so nobody really knows where to have stops, especially nowadays. Maybe because we are in a potential trend change times, I feel trading is not going well for lots of people right now. So what advice can people give if stops aren't an objective matter?

I feel it's because the carry trade is about to end.

Maybe I should just go long gold & have stop @ 0, LOL.....NOT!

piker said:

I've done all that, paper trading, sim trading, real money trading, reviewed dozens of systems, traded with trend, counter trend. It's not working. I don't want to spend another 10 years searching.

I guess real problem is my inability to identify real from non-real moves.

Click to expand...

Hi piker,
Sorry, no, the real problem is you. You want to be handed something on a plate. You're not prepared to do what is necessary to get to where you want to be. Take up the challenge and start a journal. Otherwise, just coming on here and moaning that nothing works is a waste of everyone's time, not to mention really rather boring. The mentor route isn't the short cut that you think it is and will actually lead to more frustration than you're experiencing now unless you address the points in my last post. I guarantee 100% you'll spend the money, get all excited and then you'll start trading and lose money. You'll blame the mentor and, finally, you'll come on here to let off steam about how you've been ripped off. All along it's you that's the problem, not the mentor, the markets, the strategy, advice on T2W or anything else. Just you. I apologize for the patronizing nature of this post, but my motives are honorable. Anyone who's been a member of T2W for as long as I have, has seen 100's of people like you before and, sure a eggs are eggs, we'll see 100's more. If I'm wrong about you then great, prove it. You claim to have done everything pretty much. Here's one thing you haven't done: click on the link in my signature and complete a trading plan (which you clearly haven't got at the moment) and I'll happily review it with (in private) if you'd like me too.
Tim.

I will complete your plan, thank you. I am not winging, I just feel frustrated after years of work resulting at point 0.

timsk said:

Hi piker,
Sorry, no, the real problem is you. You want to be handed something on a plate. You're not prepared to do what is necessary to get to where you want to be. Take up the challenge and start a journal. Otherwise, just coming on here and moaning that nothing works is a waste of everyone's time, not to mention really rather boring. The mentor route isn't the short cut that you think it is and will actually lead to more frustration than you're experiencing now unless you address the points in my last post. I guarantee 100% you'll spend the money, get all excited and then you'll start trading and lose money. You'll blame the mentor and, finally, you'll come on here to let off steam about how you've been ripped off. All along it's you that's the problem, not the mentor, the markets, the strategy, advice on T2W or anything else. Just you. I apologize for the patronizing nature of this post, but my motives are honorable. Anyone who's been a member of T2W for as long as I have, has seen 100's of people like you before and, sure a eggs are eggs, we'll see 100's more. If I'm wrong about you then great, prove it. You claim to have done everything pretty much. Here's one thing you haven't done: click on the link in my signature and complete a trading plan (which you clearly haven't got at the moment) and I'll happily review it with (in private) if you'd like me too.
Tim.

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piker said:

Hello, I would like to offer £1000 mentor fee to a person that can teach me or rather show me a way to make consistent profits by holding positions from 1-3 day periods, basically I don't want to learn how to scalp. I have been observing market behavior patterns since 1999, yet can't seem to find a way to be profitable. The reason I am offering only £1000 is because I can't afford any more as I am bringing up 2 young children and other money is reserved for trading capital, which isn't much anyway. Without sounding rude I would like to point out that I will not be able to accept propositions from people that don't have brokerage/sb statements for last 3 years. I understand that it may be asking for a favour by offering to pay just £1000, hopefully one day I will be able to return this favour. Thank You.

Click to expand...

I actually disagree with most of the posts made thus far boo-hooing mentors..... on brief reflection, all the people I know that make money in the markets have been trained / coached / shown / mentored... how ever you describe it. No one has done it on their own.

There are a few guys that have been written about and say it was all their own idea....... but normally if you look into it, even those guys have been shown the way by someone (even Buffet).

Happy to be proved wrong.

I've started a thread Swing Trades, comments welcome.

D70 said:

I actually disagree with most of the posts made thus far boo-hooing mentors..... on brief reflection, all the people I know that make money in the markets have been trained / coached / shown / mentored... how ever you describe it. No one has done it on their own.

There are a few guys that have been written about and say it was all their own idea....... but normally if you look into it, even those guys have been shown the way by someone (even Buffet).

Happy to be proved wrong.

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D70,
I actually agree with you completely, I wouldn't be trading today or writing this post even, but for the 1-2-1 coaching / mentoring that I've received. So I'm not 'boo-hooing mentors' at all, far from it. The catch 22 is that most wannabe traders don't know how to go about looking for a mentor and, intuitively, they go about it in the wrong way. Trading isn't like network marketing which works on the principle that what one person does (i.e. the mentor) can be taught and duplicated by others (i.e. the students). I'd be willing to bet that the successful traders you know who have been taught by someone else don't actually trade exactly like their tutor trades. There may well be similarities, basic style, strategy, timeframe, choice of indicators (or not) etc, but there will be many differences too.They are successful because they had the ability to align their own detailed goals as wannabe traders with a mentor who trades in a way that suits them and who would be able to help them to capitalize on the skills and talents they already had. Where there's a mismatch (and there nearly always is) then the student fails and blames the mentor. This is the norm and why T2W is littered with aspiring traders who cry foul because they're not millionaires after a few hours of coaching. I don't think piker should pay for a mentor, not because mentors are all snake oil salesman who can 'talk the talk but can't walk the walk' etc. but because he's not able to define what he needs from a mentor and spot that person when he sees him or her. Most people never get that far because they're too busy thinking about the $$$$$$$ they'll make the very next day after they finish the course. And, as we all know, that day very rarely ever arrives.
Tim.