Day Trader’s Aftermarket Lounge 10 Mar 2020, page-53

  1. 6,340 Posts.
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    Mentoring ends up being "more of what you already know" if you're been around for a year or so you probaly won't learn anything significantly new in terms of TA.
    My trading techniques aren't anything particularly special; comprised of basic trend lines, horizontals, fibonacci, MACD (for divergence) and occasionally VWAP.
    I've dabbled with every indicator and moving average under the sun. It's all either garbage or just noise on the screen that doesn't tell you anything beneficial.
    With TA; less is more

    I've mentored a few people in the past. The ones who failed to continue as traders simply didn't have the personality for it.

    Them: "I've done XYZ, was this the right thing to do?"
    Me: "Walk me through the decision process"
    Them: *Proceeds to list absolutely everything they're not meant to do, and acknowledge they know they're not meant to do it but did it anyway. Then feel embarassed and eventually repeats the same mistakes*

    Honestly, don't waste your money on mentors. Unless you're really after a specialised skill.

    A mentor may teach you more about FA and how to understand things in the microcap space, but I've basically undercut every mentor out there with my free YouTube videos. Sure they're not in-depth like a lecture series, but they point you in the direction of what you need to know and at least provide the essentials. So you're welcome to buy me a $5 coffee on Patreon biggrin.png
    Last edited by demoniaco: 10/03/20
 
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