Monday, November 20, 2006

19th November 06 - Finding the Right Mentor

It was said that in trading, or in fact all aspects of life, finding and learning from the RIGHT MENTOR is of utmost importance to one's success.

Do and Don't for finding the RIGHT MENTOR (quoted from fellow trader friend, Anna Wong)

DO: Seek out a mentor who can answer your questions and also give you advice other than just what market to trade. Also, seek a fellow trader with similar experience as you. Sharing ideas and discussing markets with a fellow trader is an enormous benefit.

DON'T: Shell out big bucks for someone who claims they will be your mentor and make you a big winner in futures trading in only a few short weeks or months. The old adage, "If it sounds too good to be true, it probably is" should be heeded in this challenging business.

5 comments:

Anonymous said...

Yeah man, especially those mentors who claim high trade win success, charge a bomb for their seminars and fail in their own trading.

Anonymous said...

Totally agree. Thought to have found a good local mentor but later found him to be a "hoax".

tradetowin said...

If the "good local mentor" coincides with the one I am thinking about, I share in your disappointment, and even more, considering the trust I once had in him before :(

Good thing is I've learnt a couple of important lessons of life there. Well, let's move on from here then ...

Anonymous said...

Yeah, let's move on.................

Anonymous said...

The "good local mentor" continues to give calls at his blog, despite all the negativity around him. Really really thick skin...