Looking for a mentor

[Purepriceactiom]

Hey guys
I'm currently living in Canberra, Australia. I've been trading stocks and forex for 2 years now. I have a sound understanding of technical analysis in many aspects.
I'm really searching for someone who's truly mastered the art of trading and turns over big profits, who might be willing to show me the ins and outs of what they do. I would be willing to travel and take care of everything else. I'm really relying on the empathy of the potential bigger players out there to think back when they were struggling and help a newcomer out.
I believe it is really essential to be properly mentored by someone who has greater experience.
I've tried several online programs that teach technical analysis where discussions can be had, but I have found that doing things online simply doesn't cut it.
Basically, I'm seeking for someone to take me onboard and let me sit in the passenger seat to observe and learn while they trade.

 

[SirRumpole]

Have you written to Warren Buffett ?

 

[Purepriceactiom]

yeah mate, hes not answering my dms

 

[garrettjones]

I am not a big player in $ terms but I manage trading accounts for 7 people at this point with ~$170k in the market. I combine technical analysis and fundamental, but I'm more a fundamentals guys. I bought in big in retail in Feb, before the big run up (think SUL,RFG, etc). I'm always happy to shoot through ideas to each other.

The wiser the fool gets, the more money he makes

 

[Rypieee]

Hey guys,

I am 23 and fairly new to the stock market (5 months in the market) and have done extensive reading on TA and FA prior to starting (6-8 months) my quest in the share market. As the same poster above, I use a combination of technical and fundamental analysis (equally balance, not bias towards one or another) .

If Garretjones starts a group, would be happy to join up since our ideas are similar

Started my trading account on the first day of the financial year and am up 16% as we speak, breaking my method down in the most simplest way, fundamental analysis on stable/strong companies and technical analysis after to determine entry/exit points. Using only trend trading and breakout trading strategies, I would say that I have been pretty lucky so far

Worst loss - TPM when it fell 20%+ in a day but in hindsight a sell signal was there (just too busy with work at the time)
Best gain (currently holding) - BGL / CCP (both from breakout trading) & WEB (trend trading)

Please to meet you

 

[CanOz]

Hmm, bull market?

 

[Quant]

Hmm, bull market?

yes reminds me of the old cliche " Dont confuse genius will a Bullmarket " the fact 1st day FY was after brexit dump likely to pad any short term returns , just saying no offence intended

 

[Rypieee]

Hey guys,

Portfolio was in play since April/May (started off by riding up the end bits of the lithium excitement if you would call it) and I did go through the Brexit day when my total portfolio was down 4% in that one day
Maybe it is beginner's luck but who knows, don't mean to come off as a show-off, just wanted to share what i had.

Some started at the start of the tech boom, others started at the top of the GFC, i started in a very confusing world where one moment its good news and the next day is SELL EVERYTHING

Still got a long way to go from here on no doubt about it but happy to hear what you have to teach CanOz you did mention that you trade EU hours on a different post about mentoring?

Regards,
Rypieee

 

[CanOz]

Hey guys,

Portfolio was in play since April/May (started off by riding up the end bits of the lithium excitement if you would call it) and I did go through the Brexit day when my total portfolio was down 4% in that one day
Maybe it is beginner's luck but who knows, don't mean to come off as a show-off, just wanted to share what i had.

Some started at the start of the tech boom, others started at the top of the GFC, i started in a very confusing world where one moment its good news and the next day is SELL EVERYTHING

Still got a long way to go from here on no doubt about it but happy to hear what you have to teach CanOz you did mention that you trade EU hours on a different post about mentoring?

Regards,
Rypieee

Yes, at the moment I'm back to afternoon shift..

 

[Airflix]

Looking for a mentor I can spend time with and learn strategies to trade. I'll have some seed money and would provide 5% commission on profits. I'm in Geelong and I'm available days to learn with someone hands on.

 

[Quant]

Looking for a mentor I can spend time with and learn strategies to trade. I'll have some seed money and would provide 5% commission on profits. I'm in Geelong and I'm available days to learn with someone hands on.

You want a mentor to teach you the ways to profitability and your offering 5% of profits , hope you got a 7 figure account because i beleive as good education to become a consistent quant trader is worth 6 figures minimum , with that offer you will get a numpty but certainly not a pro trader .. good luck

 

[Quant]

You want a mentor to teach you the ways to profitability and your offering 5% of profits , hope you got a 7 figure account because i beleive as good education to become a consistent quant trader is worth 6 figures minimum , with that offer you will get a numpty but certainly not a pro trader .. good luck

Hell any decent outperforming hedge funds wants 20% , maybe you want to revise your offer ... that offer is insulting tbh

 

[Airflix]

Hell any decent outperforming hedge funds wants 20% , maybe you want to revise your offer ... that offer is insulting tbh

I'm starting out with $2000 and I'm sorry if my offer was low, I don't know the going rate for mentoring or teaching. I'm hoping there are other's that are more welcoming. I'm offering 20% commission on learning.

 

[tech/a]

$40.
That's about 30 min for a plumber.
You have a long road and to become proficient probably 5-10000 hrs
of learning and at time very costly.
People wont and don't mentor because its just not worth the time and effort.
They can make far more trading or coaching en mass on line or both.

As I say to people
If you were to buy a business that returned $200K a year on investment
a good one would cost you approx. $600K.
How much do you think it will cost to start your business?

It is a business ----- even with $2K.

 

[pixel]

Many years ago, I gave in and allowed a family friend to sit with me for 2 weeks. Worst decision I ever made! By the time I had answered questions and explained the reason for the next order, the conditions had often shifted, causing yet another missed trade.
Part of the reason may be that you can't put "intuition" or "discretion" into brief words. Take yesterday's FGR trade: I snatched a profit in spite of what looked like a solid breakout. And I didn't buy any FGROB either. It just didn't "feel right" to stay long overnight. Check this morning's announcement and watch where she'll go when the Trading Halt is lifted.

 

[tech/a]

You know what Id do.

Pick a stock between $1 and $2 and trade in and out of it
learning all the way.
Attempt to make clear of fees 10-20%.

If you put it up hear while you do it we could all pass an opinion
and confuse the bejesus out of you!

 

[Airflix]

My goal is to make $100 per day profit starting out, minimum by the end of the day I'm up $100 gp. I'm using Commsec so the commission fees are $30 per trade.

 

[Airflix]

You know what Id do.

Pick a stock between $1 and $2 and trade in and out of it
learning all the way.
Attempt to make clear of fees 10-20%.

If you put it up hear while you do it we could all pass an opinion
and confuse the bejesus out of you!

I'm totally up for this as a journal or study for other members. Is there a "pick of the day" thread or leads thread?

 

[tech/a]

Ill have a look tonight
Ill suggest say 3-5 depends what comes up.
Leave it to you from there.

Perhaps the fundi guys can chip in or make their own suggestions, either from scratch or from others posted up by the duck or anyone else.
You can then learn how to pick a prospect by asking the right and wrong questions.

 

[Habakkuk]

My goal is to make $100 per day profit starting out, minimum by the end of the day I'm up $100 gp. I'm using Commsec so the commission fees are $30 per trade.

I'm not sure why I'm responding to this. Maybe just to find out what "gp" refers to in your first line

" by the end of the day I'm up $100 gp."

although it's not vitally important for me to know.

But do you have even the faintest idea what you are trying to do?

Commsec brokerage is $19.95 up to $10,000. You have apparently $2,000. I would assume you're going to put all of it in one trade. To clear $100 by the end of the day you really have to make $140. O.K., $139.90, that's a little easier.

Do you know what that is in percent?

Now I have no clear idea what tech/a means by this

"Ill have a look tonight
Ill suggest say 3-5 depends what comes up.
Leave it to you from there."

Presumably 3-5 stocks to trade/invest in. Surely not for diversification purposes. That would be sheer lunacy, but I don't know. This is sheer lunacy already.

Anyway, I'm looking forward to what tech does come up with tonight that will produce a 5% average return per day. Seriously, can hardly wait ...