Seminars vs Mentorships

[Guest rwalkerx]

I don't know about most of you guys but I'm not good learning in a GROUP environment. Have you ever known anyone who was to home schooled? Well they were always the smartest guys I've met. There is something to be said for 1 on 1 mentorships.. or even small groups. I've been to 10+ trading seminars. My trading did not start to turn around until I completed a mentorship in PA with a guru. It was expensive ($5,000) but I'd lost that in one week of trading.

 

The trading expo's I went to were just a bunch of system vendors trying to grab a few bucks for their product.

 

RW

[Soultrader 12]

Although I had 2 mentors in the past, most of my learning was done alone. I found myself alot more productive and tend to push myself harder in an isolated environment.

 

I never attended a seminar nor do I plan to. One thing about mentorship which I keep telling traders is that you are basically paying to absorb the mentors trading style. If his/her style doesnt fit yours, this could become a conflict in the learning process. For example, my first mentor used alot of moving averages, sector analysis, and fibs. I grabbed the concept of identifying key levels but it did not fit my style 100%.

 

In my opinion, most seminars are overpriced and are a waste of money. I had the opportunity to watch some from on DVD's but never found it any useful.

[Reaver 10]

Yeah my perspective is that cramming information like that found in a seminar is not a good way to learn either. No way to grasp all that info in such a short time frame. Not to mention they are generally VERY expensive. I wouldn't mind sitting in on some to compound knowledge, etc, but no way am I going to pay $2-3000 for the experience.

[Anna-Maria 10]

One thing about mentorship which I keep telling traders is that you are basically paying to absorb the mentors trading style. If his/her style doesnt fit yours, this could become a conflict in the learning process.

 

That's a very important point James & the key to how (fast) a trader will develop, if at all.

 

In fact I'd go as far as to say that unless the trader-mentor relationship is in synch, the progress will be sluggish at best, virtually redundant at worst.

 

A mentor worth their salt will/should undertake a rigorous pre-training analysis before agreeing to an association. And one of the most important aspects of that informal assessment will revolve around the psychological make-up of the attendee.

 

That's where the trainee will 'fly or die'

[Reaver 10]

That's a very important point James & the key to how (fast) a trader will develop, if at all.

 

In fact I'd go as far as to say that unless the trader-mentor relationship is in synch, the progress will be sluggish at best, virtually redundant at worst.

 

A mentor worth their salt will/should undertake a rigorous pre-training analysis before agreeing to an association. And one of the most important aspects of that informal assessment will revolve around the psychological make-up of the attendee.

 

That's where the trainee will 'fly or die'

 

I noticed Alexander Trading does an extensive profile, etc on you before they agree to have you begin mentorship with them....