[angelaktariel]

So, I am wondering, how does one find a coach? How do you even look for one? Do you look for one that you can see face to face, or someone you just talk to on the phone, or just in a chat room? I don't know where to start.

I am at the point, where I want to find someone who can help me set up my day trading system. I am trying to keep it simple as Brownsfan says, but I need to be able to speak to someone about the day to day things one does, when they do trading full time.

I am about to get the right capital to have a good chunk to trade with and for now I am looking to trade stocks strictly. I would be interested in futures and options, but I don't want to get an overload and want to learn those as I have perfected one thing at a time.

So, I am asking you guys, those who really jumped into this, as I am planning on, how do you find a coach, mentor, or whatever you may call that person who is going to help you day to day in the beginning.

I would appreciate the help. The education is tremendeous here, so I know I am asking the right people. If anyone would like to call me, if they have time for a chat, even a quick one, if they can help, please send me a PM and I will send you my cellphone number, as I wasn't sure if I should just advertise it for the world literally to see...hehehe.

Thanks,
Eva

[torero]

Hi Eva,

You can check LBR.com and tradethemarkets.com. I think they do face to face mentoring if this is what you prefer, but I don't think you can do that for a long time (1 week course) without putting alot of money. This is the reason why phone or chat room mentoring is a cost-effective way of doing it.

I think you can go any chat room and just familiarize yourself to the traders and their styles of trading and try to see if they can mentor you. I think this is better than those paid chat rooms where are 40 traders all being mentored by 1 or 2 persons. You can go to TL chat room and hang out and see if anyone is willing to help you out. It just a matter of getting the right match that is important. Good luck.

[brownsfan019]

Eva,
The coach/mentor thing is a tricky one. You'll want to screen any services that you pay for very hard. In particular, you'll want:

• Someone that trades similar to you. No point of having a scalper mentor you if you plan to trade 1-3 times a day.
• Similar/same markets.
• References that you can contact would be great.
• Local or in the area, would be even better.
• Need everything in writing when paying.

The value of a coach/mentor cannot be underestimated. The problem in trading is that there are many 'coaches' out there more than willing to snatch up your dollars. You really have to do some research to make sure it's a good fit.

As a side note, I've thought about doing something along these lines down the road. The problem is that I think my fees would not be manageable for a new trader. That's the catch 22 here - any good coach, is probably going to be real expensive. And when new to trading, that can be a large capital expenditure.

I would start with checking the ads and articles in trading magazines. One that I see a lot BUT CANNOT SPEAK TO THE VALUE is http://www.tradingontarget.com/

Here's a thread I started on the same topic: http://www.traderslaboratory.com/for...rent-2084.html

Keep us posted on your search. If you came back to this thread and provided reviews, that would help many traders out.

[brownsfan019]

Eva,
You can also sometimes find decent pay for seminars at http://www.tradersexpo.com

I believe Adrienne and others have spoken there in the past, so that could be a way to see some of these coaches live before plunking down any serious cash. Again, have to do your homework first.

[monad]

According to some folks on teh VSA thread, Joel Pozen is an excellent coach especially in the field of Price/Volume relationship and market manipulation by smart money. It might be worth contacting some of these guys via PM to get more details.

[fred333]

That sounds like a great idea.

[zdo]

90% of trading coaches are sincere and well intended - but 80% of trading coaches are incompetent. They attribute their own deficits to you and try to fix them. They ‘re actually learning to trade by teaching. They learn to fix themselves by learning (usually unsuccessfully) how to fix you – and as soon as they get it they no longer coach. Hm… so, basically, few trading coaches are actually strengths based…

I suggest you go for mentor instead of a coach. Unless you can precisely state your trading style and predilections, expect to go through a series of potential mentors before hopefully finding a fit. If you aren’t yet sure of your trading style(s), I would suggest you spend equal time in self exploration to your ‘screen time’ until you ‘know thyself’ - then apply the ‘speed dating’ technique to find a mentor.

If you want to post (or PM) your trading style – I will put together a few referrals for you.

All the best

[torero]

Very nice suggestion zdo! How true it is. I agree with the mentor part, I think it's the experience that needs to be relayed and learned rather than the technique of trading. I think the last part to success is more mental than market competence.