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Aurthur, this is one of the best posts I have seen on RT. Also, Don
Thompson pointed else pointed out that if the teacher can't produce some
brokerage statements, forget it. Thats also great advice. Only fair that you
should be able to prove you can walk the talk before you charge for it.
On the other side of the coin, show me someone who thinks trading is easy,
and I'll show you someone who can't trade. Show me someone who wants something
for nothing, and I'll show you someone who will never have the mindset to trade.
Show me someone who constantly criticizes others, and I'll show you a very
frustrated wannabe trader. If you can show the bro statements fire away. Your
qualified. Otherwise don't throw the stones and then hide.
After you've traded for a lot of years, believe me there are times you need
a break. Being a teacher can provide those respites. It risk free and stress
free, and provides a lot of liesure time. Just be prepared to show that you can
and have done it successfully with real money.
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Arthur
Marcus
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, May 19, 2001 6:41
PM
Subject: Re: [RT] Mentors:What makes a
good Mentor
If you're seeking the "Holy Grail", if you want a system which
promises vast fortunes with only 15 minutes of work after the market
closes or a line of code that pops up blue for buys, red for sells, maybe
you're on a dead-end quest and destined to only find "mentors" who want your
money. But rather than the Holy Grail, if you're seeking a way to make a
good living, there are mentors out there who can help. There are those
even on this list who will offer their knowledge (many of them do, right here,
for free). But with that quest, ask *yourself* these questions:
Am I willing to put in a long period of apprenticeship while I learn a
methodology?Am I willing to come home from the "day job" and put in long
hours studying charts, indicators, historical data, etc. as I put the pieces
together?Am I willing to stay up well into the night and give up weekends
to study?Am I willing to give up time with my family and friends, time
which is necessary if I'm to learn the method (and I mean a lot of
time)?Am I willing to forego the weekly golf game, a good dinner
engagement, the favorite TV show or the NBA finals, because the time is
needed to learn the method?Am I willing to lose perhaps a little more
money in the markets as I test my new method and I'm not "getting it."?
(To me, one of the keys to a "real" mentor is whether or not he/she will stay
with you after the initial work begins or do they impart some facts, and
disappear. A mentor in other studies is constantly there to answer
further questions. Mentoring isn't a one-time t hing.)And are you so
sure you can learn someone else's method. Just because the mentor put in
thousands of hours figuring something out, can you do it too?
Most true teachers/mentors are on a constant search for knowledge. Even
when successful, they're still looking for more and better ways. Their
research has led them to a way to trade the markets successfully. A true
mentor will share the "way" to get that knowledge, not hand it to you on a
silver plate (which can't be done).
The cost of a private college education and law school or medical
school is over $200,000 these days. How much are you willing to pay
to learn to make a living trading?
Prosper <brente@xxxxxxxxxxxx> wrote:
<BLOCKQUOTE
style="BORDER-LEFT: #1010ff 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">I've
heard the money for instruction discussion both pro and con for about
9years that I've been involved. On the one hand, if someone truely had
a"holy grail," how much would it be worth? On the other hand most of the
freementoring will be worth what it cost. If anyone of you spent 10 or
20 yearsfinding the HG and were finally successful, would you give it to
anyone thatwanted it for free? How much would you charge for something
that could makesomeone 200 million?No one can teach true knack
no matter how much money you can pay, even ifthe teacher has knack. I
use pro sports as a comparison, how many will makethe pros and how many
will be a household name? It is similar in tradingalthough no trader has
ever become a household name to my knowledge.Before anyone gets a
mentor to train them, they should investigate them inevery way thats
reasonable. They may want to fin d both those persons thatlike them and
those that don't, because hearing only one side of the storyis a good
way to get taken.ProsperTo unsubscribe
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