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Old 03-20-2008, 09:51 AM
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Re: How Much Would You Pay to Learn from a Veteran Trader?

On one level a mentor would not charge one thin dime – unless s/he needs the money. (and then the question becomes is s/he eligible to mentor )
The mentor would feel ‘payed’ by being blessed to have found someone willing to do the work, answer the tough questions, and develop in accordance with their own nature.
Most potential mentors believe that the most important function is imparting knowledge / sharing shortcuts and techniques. NOT! The mentor’s most important function is asking the right questions of the student at the right time - Questions that engage the ‘whole brain’. Qualified questions will test of the efficacy of the relationship for both sides and will prevent either party from ever ‘wasting’ the other’s time or money.

Ask the mentoree to clarify their goals for the process. Ask the mentoree to place a value on what that would be worth to him/her when goals are accomplished and s/he is operational at new level. Have mentoree contract to pay that amount ( or percentage of profits) if s/he feels the original goals were accomplished in the training period.

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