According to you, the student should have to pay to find out whether or not the mentor is competent. If the mentor does not have a trading edge,...
Sounds like you agree with me that anyone thinking of hiring a mentor should require proof of a sustainable trading edge before handing over money...
A flight instructor has to pass tests and get a license to prove that he/she is qualified to teach flying. That includes actually flying an...
When I first started trading 17+ years ago, I tried to find a mentor. Even way back then, there were plenty of people offering services for a...
As a general rule, people who make money trading aren't selling software (or anything else). There may be exceptions to this rule, but they're far...
I want more trades if it puts more money in my bank account each week. I want fewer trades if it puts more money in my bank account each week....
This is excellent advice, and I would add that those new to the profession need to be realistic about the learning curve. From my own experience,...
I'm not a tech expert, but the tech guy who set me up said that quality of DSL service is highly dependent on how far you are from the switch. If...
Why didn't you papertrade (simtrade) until you were sure you had a tested system? Never trade real dollars until you have a tested method. Then...
"...be able to recognize both..." Words of wisdom. Perhaps the most important aspect of maintaining an edge in the market.
I've been using Munger Tolles & Olson (www.mto.com) for 15 years. They're always the smartest guys (and gals) in the room. Their hourly rates are...
I'm not an expert on anti-virus software, but I've learned a lot lessons the hard way by having bad experiences with most of the name brand...
We have exactly the same situation here in California. Our governor is either incapable of understanding the problem, or he doesn't have the...
Good guess. I trade ES & CL.
Here's what I do: 1. I have a home office with a door and a sign that says "DO NOT DISTURB." I tell my wife and kids that when that sign is on...
Where are you putting your stops? 1 point? 2 points?
I'm in California where many people are waiting for the other shoe to drop. In our area, prices are down about 25% off the peak. I'm close to the...
Israel is not going anywhere. Neither is Iran. This crazy shouting match has been going on since the beginning of time and it will continue into...
Almost every trader goes through what's happening to you. Here's how I got myself to follow my rules and I continue to do this every day, even...
Separate names with a comma.