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Monte Carlo, Monaco
Legendary Market Wizard
Experience: Advanced
Platform: NinjaTrader 8
Broker: NinjaTrader Brokerage
Trading: Futures
Posts: 647 since May 2012
Thanks Given: 801
Thanks Received: 1,193
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Hi Ty199,
Using the search button on the homepage I found this thread " Sam Goldberg (futurestradingcoach.com)"
Read post #1, post #5 (and post #7).
If you're around long enough in this business then you will know (often learned the hard way) that what's written in post #5 counts for all of them.
They are making money by teaching. They cannot make you a profitable trader. That's something you have to do yourself. It seems plausible to think you need to be taught because this counts for most everything we do (learn) in life, but trading is different (in a lot of aspects). You have to do it and experience it yourself (like learning to walk, you fall and stand up, fall and stand up etc. Or swimming, bicycling, skating and so on). If you want to learn then read as many books as you can. Nobody is gonna tell you how to make money. Even if they do make money (then they won't teach!) it is very unlikely you will too because you have a different mental make-up. You have to learn who you are and keep in mind that the markets are an expensive way to find out. You will read time and time again that trading is a journey into knowing yourself. You're fighting your own thoughts and feelings.
Don't think the more expensive a course is the better it is. It's expensive it must be good. Or the other way around. This comes cheap, it will be of little value.
In your thread " Need a true Teacher Mentor" you've got so much good advice. There must something in there. Read my post there again.
You're on your own. You have to do it (the work) yourself. Nobody is gonna tell you (or gonna do the work for you). A lot of self proclaimed so called pundits will make advantage of you and your dream and will exploit you.
To be honest I think you can better lose that money in the market and learn a lesson from it.
Look for a setup (you will find one here on FIO or in a book) based on the time-frame you choose to trade on (which is based on your personality and personal circumstances). Use the menu or search button on FIO and read as much as you can (learn from the experience of others). There will be something that resonates with you. SIM trade for months. Analyse what works and what doesn't. Stick to your method. Don't change too much in a short period of time. When profitable in SIM start live trading but do it small (with the micros). The SIM trading is to learn the technical aspects. In live trading you will learn the mental aspects which is the hardest part. So be very careful and protect your money. The longer you can stay in business the more time you'll have to learn the ropes eventually. Prepare for a long & hard road. Don't forget to enjoy. Hope it helps. Just my personal but honest opinion. Take care.
Added:
p.s. if still looking for a mentor, or something to hold on to, you might want to take a look at Trader Dante. He is sincere, knowledgeable and affordable. There is a lot of interesting material for free (to start with) and the "Edges for Ledges" series are good (in my opinion). You can then purchase the whole course and even take his mentor ship if you want to.
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