Traders Laboratory - View Single Post - Trading mentor. Necessary or not?
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Old 08-21-2006, 09:23 PM
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Does anyone have any experience working with a trading mentor? Is it recommended that I get one? Would love to hear your advice. Thanks!
Necessary? Not really. Recommended? Most definetely.

Finding the right mentor is very important as well. In my trading career I have had a total of 2 mentors. You take what fits your style, tweak it, then create your own trading style. My first mentor relied heavily on moving averages, fibs, and identifying key price levels. My second mentor was a pure tape reader in combination with market internals.

I have combined both styles to form my own. This is something you can not do while learning on your own. Depending on where you live it may be hard to find a mentor. There are plenty of subscription based chat rooms. I dont know the quality of them but I am sure if you take the free trial offers you may find a mentor you like. Also if you ever have a chance, work for a professional trader for free. Eventually he may even back you up on your initial stake.

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