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The 38 Steps of Trading


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The 38 Steps of Trading

  #21 (permalink)
SMLMikXL
Toronto
 
Posts: 12 since Mar 2014
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Thanks for sharing.

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  #22 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
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tigertrader View Post
Where was the part about where you get married, and then get divorced, and you wife takes half your money?

Throw it into one of the steps where you get 'humbled'.

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  #23 (permalink)
 
TorontoTrader's Avatar
 TorontoTrader 
Toronto, Canada
 
Experience: Beginner
Platform: TWS
Broker: IB
Trading: Stocks
Posts: 41 since Oct 2013
Thanks Given: 63
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Isn't it preferable to have a mentor who can help you in getting to where you want to go rather than trying to find the way/path at your own???

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  #24 (permalink)
 
Scalpingtrader's Avatar
 Scalpingtrader 
Hanover, Germany
Legendary Amateur Trader
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 1,945 since Apr 2014
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TorontoTrader View Post
Isn't it preferable to have a mentor who can help you in getting to where you want to go rather than trying to find the way/path at your own???


imo the answer is mostly a matter of

a) finding a mentor that
# knows how to guide people without forcing sth upon them
# is not a fraud

b) personal preference

I guess.

I personally never wanted/looked for a mentor, as I understood relatively early, that ultimately I have to find/develop/alter the system that really suits me on my own and moreover need to control myself psychologically, anyways.
But I have always been the type of person who prefered self-education.

For some it might be better to find a mentor, I guess.

ST

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  #25 (permalink)
 
deaddog's Avatar
 deaddog 
Prince George BC Canada
Legendary Market Wizard
 
Experience: Advanced
Platform: National Bank Direct
Broker: NBD/BMO/Questrade
Trading: Stocks
Frequency: Every few days
Duration: Weeks
Posts: 1,295 since May 2013
Thanks Given: 184
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Scalpingtrader View Post
I personally never wanted/looked for a mentor, as I understood relatively early, that ultimately I have to find/develop/alter the system that really suits me on my own and moreover need to control myself psychologically, anyways.
But I have always been the type of person who prefered self-education.

For some it might be better to find a mentor, I guess.

ST

I looked for a mentor when I first started. All I found were people wanting to sell me systems. I had one guy who was only going to charge me a daily rate. Set me up with software so he could direct me in real time how to trade ES. Day one we broke even and when I asked how much he made trading he said he didn’t trade. End of relationship.

You shouldn’t expect a mentor to show you a method. You should expect a mentor to guide you through the process of finding and developing a system that suites you. Too many people are looking to copy a method that may not be appropriate for them.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #26 (permalink)
 
teamtc247's Avatar
 teamtc247 
Fairburn, Georgia
 
Experience: None
Posts: 980 since Dec 2012
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I'm for sure on step 19, but do fall in line with some of the higher steps. I haven't really paid that much tuition or donations. I'm done going in circles and realize I'm always going to be learning. I've been humbled and know I will be humbled some more down the road. Something so simplistic that I've twisted and made it more complicated than it needs to be.

Thanks for sharing your trading milestones.

Process oriented goals #1.
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  #27 (permalink)
NoiseTrader716
Buffalo, NY
 
Posts: 64 since Jul 2014
Thanks Given: 4
Thanks Received: 38

39. I get out of my harem just long enough to click the mouse and wash my Bugatti

Even the most consistent and profitable strategy is on the clock and has a finite life span, those upper levels are not real.

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  #28 (permalink)
 Anna K 
LA, ca
 
Experience: Intermediate
Platform: TradeStation
Trading: Es
Posts: 507 since Jan 2014
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Thanks Received: 1,062

I think I'm at 25-29.

At least I don't have to worry about getting a divorce and a wife taking half of my money

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  #29 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
Posts: 99 since Apr 2013
Thanks Given: 190
Thanks Received: 25

I think I'm around 15-20 but not sure. I only know that I'm past step 14 and haven't quit. I've also realized that it's something that I want to keep doing.

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  #30 (permalink)
 HectorBarbosa 
Ekaterinburg Russia
 
Experience: Intermediate
Platform: Any having DOM
Trading: emini
Posts: 2 since May 2013
Thanks Given: 64
Thanks Received: 1


I am at level 19-21. Recently watching the video record of my trades I had the feeling that the success is in me, because nobody else can control the execution. But its not the belief yet, just a feeling.

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