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Originally Posted by MickMason
A genuine mentor won't mind you being suspicious and asking for real-time proof of his ability, in fact he expects it. He needs you to have total faith in what he tells you to do and the only way to achieve that is by him gaining your trust.
Of course there are rogues in this business, it's up to you to satisfy yourself that the service you're buying is the real deal and not just take it on face value.
Mick
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Thanks MIck
quite true, a mentor can be worth his/her weight in gold etc.... But it is not easy identifying people and motives on the faceless internet. I would love to meet people and be in a position to weigh them up at face value but that is not possible in these days of super technology. It would be fab if you could work with or for someone who knows the ropes. i can teach a trainee lawyer heaps and have a lasting (positive) effect on their career. but on the net everyone professes to be an expert and you can not sortthe wheat/chaff - analogy. I am bombarded with adverts and emails trying to sell me books, cd's and courses, anything from $50US to £5,000. I would be more than willing to spend this money just to sit beside a city whizz for a day and watch, but that wont be happening so lets keep it realistic.
when i was a kid i used to account trade on teh london stock exchange. in those days it was barely legal and high risk. at 14 years old i was making £1,000 plus a month. but then came the crash of '87 and i walked away from the stock exchange with serious losses. I knew the business and had a feel for the market and was considered a real winner at the time. but a very bad experience drove me away - i.e the crash of '87.
Now, more mature and with the scars of adulthood, i am looking to re-enter. but this time on the Forex. So far I am not doing too well, but frankly I have not been giving it the attention it needs. Because it's
demo trading I have a tendency to take risks that i would not take in real life and i also have the illness of letting losses run (with considerable prayer), and cutting profits short. Precisely the opposite of what i ought to be doing. Also, whilst waiting for the markets to move, i tend to get bored and just do a quick scalping trade for the hell of it. that usually sets the emotional rollercoaster going and is a great way to ruin an otherwise potentially profitable day.
it is difficult to concentrate on a single system. you see something happening and suddenly you get the urge to jump in. you take the jump and zooom, the market reverses.
All the mentors talk about discipline. Wow, they really got that one right. It takes immense discipline. sometime when in a trade you dont know whether to turn left or right. while you sit there wishingthe indicators your way, the market bottoms out and a $50 profit transforms into a $600 loss before you can think straight. When the position is going my way, i think 'nice, lets see if i can get another $10 or $30. When the position starts going the wrong way and i am say $100 down, the little devil on my shoulder says, 'wait a minute mate, it's sure to reverse back in your favour'.
pk
