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I'm not totally sure if you're joking, but that guy is off the freaking reservation. Please don't give him your money.
Here's a link to his review thread:
With respect to the OP, are used to think all I needed was a mentor to teach me the ropes.... and I would be all set.
I paid a guy 20K to mentor me and teach me the ropes, but all I got was access to a crappy trading room where the guy was taking trades that he could not explain.
I couldn't tell you how many people out there are using totally or almost totally uncluttered charts, nothing but price and sometimes an MA. There are a number of traders on FIO with minimal charts. If you check them out, they will usually steer you to some original source material -- book, website, etc. -- for more info.
I wonder when people finally stop to worry about their charts and start working towards an edge in the market. All I use is a price ladder, a ticker tape and thats it. I look at a chart probably once a week.
I thought u guys were discussing mentoring and not system sellers...
Why am interested in trading?
Because of the money, and because of the freedom. I work my own schedule, don't answer to anyone else, etc. Let's say I make a trade at the opening bell and it hits my price target within an hour, then the rest of my day is free -- that's pretty damn awesome.
Why a mentor?
I've made every mistake you can trading in the past (years ago), so having some guidance would be nice. However, I do get what everyone else is saying with mentors. I've started a paper trading journal.
I see some people are telling me to paper trade for a few weeks just to get a feel for things, then start trading with real money (a small amount like $1,000 to $2,000) to get some skin in the game and see how things really are. Well, I'll see about that. Right now my strategy is swing-trading the Micro futures, so I might only make or 2 trades a week.
I do understand what everyone says about you having to learn this on your own since it's a personal thing for everyone, and I hope that's something I can accomplish. I also appreciate everyone's input. People have been pretty respectful to me here, but also realistic, which is awesome. On some other futures trading forum I've basically been told to eff off until I've become profitable trading stocks.
How much time to you have to trade each day between 7 am NY time and 2 pm NY time?
I applaud you for trading the micros at this stage. But it seems to me that 2 micro trades per week is a bit skimpy, but if they are huge winners then things will certainly add up quickly.
Check out my micro journal where I am trying to make 1% per day using those same micros.
There are several other traders using the Micros successfully now and they also have journals on FIO. Check them out too.
I hate to break it to you but that is not the motivation that carries you through the valley of tears my friend.
You are already free to do whatever you want and if you aren't completly retarded you will always make enough money to support your freedom. I think you'd be more free if you bought a one way ticket to Hawaii and worked as a bartender at the beach.
The only reason why you should trade is because you want to trade. You need to chase the work and not the money. If you do not enjoy the tinkering and the research and do not have the drive to compete with others you will not make it, period. Trading is like going to the mines every day, long hours tons of stress, bad for health. I suffer from chronic gastritis and have to live on a special diet. But I also trade 24/7 (hello crypto).
Think about this very long and hard. Do you really enjoy the process? Do you really enjoy being miserable for a couple of months when you don't make a dime?
Giving up does NOT make you a loser or a worse human being, it's just that there are better ways for you to make a living than trading and it would be a shame to waste a couple of years of your life just to find that out.