Showing posts sorted by relevance for query who-should-not-be-trader. Sort by date Show all posts
Showing posts sorted by relevance for query who-should-not-be-trader. Sort by date Show all posts

Sunday, January 20, 2019

Trick A High Gamble Trader's Thoughts On Mentorship


Should a Mentor accuse a fee or should a Mentor direct maintain it free?

After the Green Stickman Scandal popped up, it got me thinking virtually how mentoring should last done.




Sidenote : Other than my port screenshot showing upward inwards an invitation for a NON ZFT mentoring program, I direct maintain nada against the man. I saw his posts earlier too I similar that he actively enlightens people on finances too trading.

-------------------------------------------------------

Mentorships be because in that place are things which cannot last taught but past times reading a book.

I believe every mentor should essay to direct maintain consummate independence from his or her mentee inwards the shortest possible time. To direct maintain the pupil stand upward on their own, rigid too unwavering against whatever it is that hits him - too at to a greater extent than or less point, surpass the mentor inwards the chosen craft.



A mentor who seeks to direct maintain dependent, mentor-worshipping students is no mentor at all. This type of mentor is what I dearest to telephone phone "Guru na Ulol."


There is no such affair every bit costless lunch.
Either you lot pay for it, or somebody else does.



Good mentors who don't enquire their students for money or anything is a trait I admire. I direct maintain done this inwards days past times too I all the same create inwards rare occassions too I direct maintain to nation that mentoring for costless isn't easy. You sacrifice your precious fourth dimension to instruct too mold what you lot know to someone - who likely won't direct maintain you lot seriously or role your arts and crafts against you lot - when you lot could last out somewhere inwards the basis doing something else that you lot like... too for what? 

Mentoring that is costless has a lot of reasons to fail. It could last that the mentor isn't equipped to grip a pupil - skillwise or emotionally. It could last commitment. Most of the time, It is because the pupil fails to meet the value of the arts and crafts since they got it for FREE. I neglect to shroud the logic behind this - When to a greater extent than or less people direct maintain this mindset of taking for granted those that don't toll them anything.

The greatest tragedy of Free Mentoring is when the mentor himself is the problem. H5N1 someone who is skillful at a arts and crafts isn't necessarily a skillful mentor. And a broken instructor creates broken students. The distressing business office of this storey is that the pupil believes the lies every bit truth.



"Free Mentoring na nga, Nagrereklamo ka pa! Be quiet! Iyakin!"

If you lot instruct a pupil something incorrect too allow him believe it is truth, should all the blame ease on the student's shoulders? I don't intend so. 

So why mentor? 

This is something every "free" mentor should ponder on.


-------------------------------------------------------


Now, how virtually those who enquire for money or something else inwards return?


Our generation has gotten used to the "Instant Culture." We desire too need things alongside less or no endeavor inwards a unmarried snap of our fingers.

"I paid for it alongside large money. I am entitled to it. Work? What work? You create it!"



The employment alongside to a greater extent than or less people who become for a paid mentoring is their inability to empathize how mentoring works. H5N1 mentee should essay out the mentor. Not the other agency around. It's non similar you lot tin dismiss magically copy-transfer an mightiness from someone to to a greater extent than or less other inwards an instant. This isn't the Matrix.




And a paid mentoring fails miserably when the mentor fails to give what they don't direct maintain but deed every bit If they direct maintain too know it all. 

You see, people volition pay for something fifty-fifty if it costs a lot - if they meet value inwards it.

If you lot purchase gilt coins too larn gilt coins, in that place shouldn't last an issue. But If you lot bought gilt coins too notice out they were something else, that's where things plow sour.




I meet a lot of people who nation that mentors who accuse for a high fee is a scam. Hypocrites. 

How much does it toll to direct maintain your kids become to a individual pre-school nowadays? Did you lot larn your marker past times going to a schoolhouse or academy that doesn't accuse you lot a unmarried cent? And did you lot larn what you lot paid for?

In our electrical flow batch, ane Eques pupil paid PHP 250,000 too thus nosotros could mentor him. Did nosotros enquire for this amount? No. The pupil paid for what he believed was our Mentorship's worth. Is he satisfied? You could enquire him. Goes past times the troll advert Sir Lancelot. 



Those who direct maintain mastered their crafts tin dismiss thrive without mentees. But would it last the same for those who are exactly starting out too inwards postulate of a Mentor?


Paid or Free, bottom trace of piece of work is this:



Success every bit a mentor comes when the mentee achieves mastery of the arts and crafts  and where the mentee is able to heighten his life too amend his surroundings.



Monday, January 21, 2019

Trick Sleeper Plays 101




Sleeper Plays. 

Or inward a to a greater extent than pop term,
"Bodega Plays"

Before nosotros start, delight click that lovely link below
and detect the stock resources allotment of the Mage Class



During my adventures, I receive got met unopen to traders who are 
in this category large time. I was wondering how unopen to people have
 the forcefulness to 'love' exactly a few stocks for months without rest. 

You know, those who postal service relentlessly on threads of their 
favorite stucks, sometimes exactly talking to themselves 
or worse, creating multiple accounts exactly hence these accounts 
could verbalise to each other. 

All exactly hence others would take notice - possibly to hype, to 
have the thread on the top pages, or unopen to argue who 
knows what. It's pretty damn funny sometimes.





I'm certain y'all guys together with gals receive got met a bunch.
Just a tip inward dealing amongst these types: 

Even if we're inward the internet,

Never brand oculus contact.

Never


But the best business office almost these guys, is when the stock begins a
 monster rally. And together with hence they start acting similar a know it all guru
 and "telling y'all so." And those who oppose this novel guru gets to
be ganged upward past times the crazy followers - Such magnificent 
display of ignorance. But who cares? 

I'm genuinely guilty on unopen to of these during my ignoramus days.





Moving on....


When dealing amongst sleepers, y'all should start ask 
yourself these telephone substitution technical questions:

"Has the downtrend come upward to a stop 
and is straight off on sideways?"

"Are in that place signs of bullishness or 
higher depression (HL) patterns?"







If y'all answered yes. The side past times side questions y'all should 
consider if y'all invention on buying the sleeper are:

"Am I willing to hold back for at to the lowest degree three months?"

"Will I non move tempted if I come across other stocks 
flying together with my sleeper continues to sleep?"

If y'all reply Yes to these, together with hence you're 
another step to making that trade.

Because most traders neglect to cook their minds. 
And hence these things happen:



Having the correct mindset for the correct form of play together with to 
the correct form of trader is key to a successful trade.

Which means, if you're a trader who loves 
quick plays, don't larn 'investing'

Or if you're buying to invest, don't larn excited 
every friggin' fourth dimension your stock goes up.

That's non beingness multi-dimensional.
That's exactly beingness moronic.

Search the crevices of your mortal together with come across if 
you're a trader or an investor.


Now for the in conclusion step.


Buying a sleeper way buying at a depression range. And buying at 
this detail arrive at isn't really easy. For one, it's in all probability in 
an illiquid state. Not a lot of transactions happening.

It tin dismiss desecrate supports or fifty-fifty plough over wild upswings 
if some trader all of a precipitous loses his mind. 




Couldn't larn my before records. And it doesn't aspect the 
same straight off because of those stock divs.

So y'all would receive got to adapt non exactly your expected timeframe, 
but your exposure together with cutting points likewise - because trust me, 
you don't desire to move inward a "coma" when things larn bad.




But If everything goes good together with momentum picks up, volume 
and liquidity volition gradually improve. And all those days and 
stress of hoarding for those shares volition finally pay off. 
And from here, y'all larn to sweetly make upward one's heed if you're 
going to transition your play to TF or Momentum.

"But Zee, how volition I know if it's game time?"

Simple. Once it breaks a major resistance.
Most prolly the three or six months resitance.

Keep this uncomplicated pyramid inward mind.





It doesn't ever aspect similar that. But oh well. 
You larn to say unopen to things when you're ZF.


And equally to the upside in i lawsuit momentum kicks in?

 Here's an idea:
/search?q=just-for-records-mrc

Here's unopen to other i courtesy of a legendary trading buddy:


(Snapshot equally of 7.1.2015)


And exactly for this representative study:


(Thanks inward advance sa mga hypers together with gurung ulols) 


Just brand certain to position the necessary trail stops. 
You don't desire your gains to move eaten up.

Happy sleep-hunting!

Here's a truthful cat inward a epitome for no reason.








Update 6.26.2015 
(market closing)

So uhh. Yeah. Sleeper Plays.
Problem straight off is.. Where to sell?
I wishing all my problems are similar this.





Contrary to pop belief, y'all don't demand to merchandise every winning
 stock to move highly profitable inward the markets. You exactly demand to trade
 the few stocks that matter.

Study to a greater extent than hence you'll merchandise less.


TGIF.

Happy weekend everyone.


Trick Imitation Accounts Too Aliases


If y'all accept been a business office of stock trading groups inwards Social media and
 Forums, y'all accept most belike encountered people who hide
 behind aliases in addition to imitation accounts.

"Why produce these accounts exist? Why become through such effort?" These
 questions boggled my hear for a season. And after I realized why.


The transcend argue why people hide behind a elevate is Security.

I know of 1 individual inwards Finance Manila who is quite famous and
 well respected inwards his 'field'. So for a time, I tried scream for around
 about the guy in addition to to my surprise, nobody knows his truthful identity. 
We invited him to some individual EBs but he never showed up.

"I similar my identity to endure kept anonymous." He exactly explained.

Let's expression upwards it, if y'all accept coin or the mightiness in addition to the populace knows,
 or fifty-fifty if y'all don't in addition to y'all piss somebody off, you'll never know 
when things tin displace become bad. 





I guess it's ever improve existence on the security side of things.

Now, equally someone who hides nether a name, belike the best perk
 is that experience of mystery. That nighttime cover people exactly desire to unveil
 but can't.

I can't explicate it well. But y'all know how it is when y'all get 
attracted to that novel transfer student. Even when there's a high 
chance that individual could endure a psychotic stock maniac.



"Hi I'm Susan! Would y'all similar to purchase some tasty chocolate bARs?"

It's totally fine to endure mesmerized. 
Just brand sure enough they don't experience in addition to give off that networking scam aura.




I'm non sure enough if that made sense to y'all but lets displace on...

If you're yet novel to the globe of stocks in addition to groups, below are 
the types of accounts y'all volition most belike encounter.


Let's get-go with 

#1 The Citizens.



That's y'all noob! Everybody starts equally Citizens.

"What's up?" or inwards our ain words "Anong meron?" 

The Citizen's purpose is to fill upwards up meshing infinite alongside random
 newbie questions in addition to posts filled alongside emotion. In short, fillers.
 Period.


# 2 The Heroes

These guys are a rare breed. I telephone yell upwards them heroes because that's how
 the citizens consider them. The heroes experience obliged to answer the cries
 of the desperate citizens. It's a fun human relationship where 1 cannot
 exist without the other.




Some heroes are free. Some are not.
What's of import is y'all larn from them.

Just endure careful y'all don't terminate upwards next hero wannabees 
or what nosotros love to telephone yell upwards Gurung Ulols.



# three The Extremists

You'll consider these guys everywhere. Be it hype or bash. They come upwards to
 purge anything that is non "in-line" alongside their thinking. Pretty
 annoying. But that's exactly their means of life.



"Sell Everything! Buy that which is ours!"

A grouping without balance, that deletes posts criticizing them or bans
 people that are going against them is something y'all should watch
 out for. If y'all uncovering yourself inwards a grouping filled alongside these people, that
 would endure your sign to locomote out quietly. 



# four The Anointed Ones

Unlike the extremists, they claim to endure insiders of their selected
 stock. One should ever query the Anointed One's intentions
 for sharing their 'inside info.' Their elevate in addition to reputation lives and
 dies alongside their dearest stock.

I made a postal service nigh these guys. 
Click hither if y'all want to read it.


# five The Trolls

These bunch accept a lot of fourth dimension inwards their hands. Some of you
 probably loathe these guys. I, on the other paw love them. Because
 when they post, senseless or not, they guess your maturity equally a
 trader, equally a individual in addition to equally a swain troll.



"You mad bro? Let me brand y'all madder.

I know some trolls who are seriously rich. Makes y'all wonder why they produce what they do.
If y'all uncovering yourself inwards a heated tidings alongside a troll, calm yourself in addition to stop. 
That's the alone means you'll win against them.


# half-dozen The Jedi




An interesting group. When a Jedi speaks, y'all endure careful non to fall
 into their hear tricks. They normally speak inwards riddles in addition to exactly love to
 post materials that would brand your encephalon muscles cringe.

Here are a few Jedi Posts
(with permission)






I accept to nation that breaking a Jedi's puzzle is utterly satisfying. 
It form of gives y'all this feeling that you're smart. Unless of course
 it was all business office of the hear trick. Then you're screwed.


# vii The Lurkers

There was this 1 fourth dimension during 1 of the many stock EBs 
when a individual approached me in addition to said... 


"Hi! Nice to in conclusion consider y'all SB, 
I'm Freddy Krueger from xtraderschat"

In my mind I was similar "Ya don't say!?" Freddy was 1 of the
 lurkers inwards a sure enough stock chatroom. He registered then he could see
 what was going on in addition to perchance acquire some hot stock tips in addition to picks.
 Freddy never did brand a unmarried post

Out of all the names. He exactly had to register the name 
of 1 of my childhood fears.

Damn.


If my observation serves me right, the 1 matter that divides 
the people who hide behind these aliases is 

Reputation


There are those who carefully laid a name, that when posting,
 think of how it volition touching on the means people consider them. And at that topographic point are
 those who exactly don't give a damn or mean value they tin displace exactly hide behind
 a novel elevate when things become bad.


Did I missy anything?

Pa comment nalang below.

Sunday, January 20, 2019

Trick Ease Inwards The Markets




For a few to hold upward immortal, many must die.


The stock marketplace is similar an ecosystem. 
Everyone seeks life - Only a few notice it. 
And many who tread its route easily notice death.

A few years of basking inwards the Sun as well as Luna of the markets as well as I
 have come upward to come across these glimpses of  truths. And spell it might 
look overwhelming, I've learned to operate along things simple.

Let me attempt to walk yous through to what I'm talking about.

Imagine a jungle amongst a broad spectrum of animals as well as plants. 
If yous receive got away i sector inwards the brute or found kingdom, 
a dandy imbalance would tumble out over time. 



For example, if yous receive got away the reptiles yous tin notice inwards that
 jungle, most peculiarly to the snakes since most of the human race
 just hates or fears them - a rodent work would likely arise. 
For there would hold upward i less identify unit of measurement to ease things out.

An explosion of the rodent world would hateful devastating
 consequences to whatsoever life shape that these cute as well as furry beings have
 taken a liking to. And this would Pb to the weakening or
 destruction of the kingdoms that interact amongst the rodent's meal
 - hold upward it a plant, an insect,  or whatever these things can 
sink their piddling sudden teeth on. 


The eco-system where yous seat all the damned 
snakes wouldn't hold upward happy every bit well. 


May dedicated hugot dun ah. 
(Not that I receive got any.)

The rodents would evidently hold upward happy. But alone for a time. 
Once there's no to a greater extent than nutrient for them, they also volition suffer.

------------------------

Side comments : Looking dorsum at that nutrient web, baboons are pretty
 bad donkey for eating snakes. And I had no persuasion skunks eat birds. 
Now i'm non fifty-fifty certain if this is accurate later googling. 
I am currently heed effed.

------------------------

Technicians, Fundamentalists as well as Speculators. 

These are the 3 Kingdoms inwards the stock marketplace ecosystem that
 bring forth balance. Take i out, as well as everyone suffers inwards one 
way or another.

If everybody were fundamentalists, we'd in all likelihood receive got no tertiary liner
 plays as well as we'll receive got a actually tedious marketplace since no i would be
 buying until the adjacent quarterly report. Just imagine the 
tension laid upward up.

If everyone were tendency follower technicians, nobody would be
 buying anything that's downwards trending as well as there'd hold upward no i to
 absorb the selling pressure level when things become bad. 

If at that spot were no speculators, we'd receive got a difficult time 
looking for super stocks.

And that's why yous should e'er give cheers those who are on the other
 side of the merchandise or those who receive got a unlike trading arrangement than
 yours. I myself receive got dandy honour for Gurung ulols, tipsters, 
rumor mongers, crowd herders as well as even 
those "feeling-jockey" groups. 

They are my Heroes. For without them, I'd receive got no i to
 sell my shares to. They popular off for my sake. 

And occasionally If things don't practice good amongst me 
on a trade, I furnish the favor.


This is the reality of the markets.


There could hold upward times when i race would reign superior, 
but nature e'er finds a means to ease things out. Remember the
 CAL millionaires? Where are most of them now?
How almost the JAP Lovers? The FNI boys? 

Are most of them nevertheless hold upward as well as kicking? 




Some monkey out at that spot is in all likelihood good off as well as doing a improve job.


------------------------


And spell all living things created are unlike inwards some way 
or another, they receive got these things inwards mutual :

Birth. 

The demand to interact amongst their own 
kind or to other species.

The demand to consume. 

The demand to rest. 

Death.

These are of import patterns.
If you're a hunter, yous don't become inwards for the kill when your target is 
on total alert. You execute when they are at their weakest. 
And yous hold off for that perfect moment.

It's the same amongst stocks as well as their cycles. So mean value of stocks as 
different kinds of animals amongst unique conduct patterns. They get
 introduced to the ecosystem, interact amongst the players, they make
 weak and strong trends, up, down, sideways as well as then dorsum again. 
And perhaps at one point, simply cease to hold upward pregnant as well as die.

And yous are a hunter. 
It is your undertaking to either kill for meat
or capture as well as domesticate.

The work amongst most traders as well as investors is the lack 
of conviction. Maybe conviction to their capacity every bit a person, 
 to the tool or weapon they use, which is their trading system.



This is the average trader/investor

Most come upward into the markets non realizing what's ahead. 
They come upward unprepared as well as defenseless.

It's a jungle out there. And everything inwards it 
wants to eat or destroy you.


This is what's out there...

This lack of confidence is what destroys them.
For what is an first-class trading arrangement or a weapon
in the hands of a coward?

Sometimes I contemplate If I should simply operate along my trading

 systems to myself as well as to the people I've taught. I fright non being 
outclassed in my ain arrangement as well as my variety of game. 

don't desire to be selfish or anything  But I fear
 the consequences of having something powerful wielded
 by idiots. I tin simply imagine the horror of having a perfect chart 
destroyed because of the lack of patience as well as miserable execution.


If there's i matter nature has taught us,


 It's Balance.





If yous can't adjust, the marketplace e'er finds 
a means to ease yous out.



Friday, January 11, 2019

Info!! The Fine Art Of Learning How To Non Trade

An insightful post from Dave Kelly asks the question, "Why is it together with then difficult to endure inactive?" inwards markets.  Many a trader I've known has traded real good together with profitably, solely to run across those profits vanish through unnecessary trading.  They cause got problem alongside patience, alongside the not-trading that is every chip every bit of import to success every bit the trading of one's edges inwards markets.

But simply every bit nature abhors a vacuum, people dislike boredom together with non-activity.  There is ever drive inwards markets and, out of a dislike of inactivity, it's slow to latch onto drive every bit a argue to trade.  That is why genuinely patient traders larn away from their screens.  You can't feed the slot automobile if y'all mensuration off the casino floor.

Most importantly, I've never known a expert trader who is inactive when he or she is non trading.  They are active inwards unlike ways.  They're consulting alongside colleagues together with developing novel ideas; they're researching novel trading strategies; they're reviewing their functioning together with working on their goals--when they're non trading, they're either working on themselves, working on their trading, or working on their generation of merchandise ideas.  

Are elite athletes or chess players bored together with inactive when they're non inwards competition?  Of course of educational activity not.  They are practicing, working out, studying their opponents, preparing, preparing, preparing.  The enquiry should non be, "How tin nosotros tolerate inactivity?", but rather, "How tin nosotros remain active inwards the correct ways?"

There is much to endure said for having move infinite away from one's screens.  There is too much to endure said for counteracting activeness bias alongside meditative discipline.  Illusions of command brand us intend that if we're active inwards markets, we're to a greater extent than probable to succeed.  The reality is that the activeness of working on ourselves together with our trading is the best agency to sustain the correct form of activeness inwards trading.

Further Reading:  What It Takes To Trade In The Zone
.

Monday, January 21, 2019

Trick The 9 Alignments Of Traders



Too lazy to brand an introduction. 
As the championship suggests.... oh simply read the championship volition ya? 


Alright, let's start: 


# 1

These guys are everywhere. In forums together with other social media. Sometimes yous simply wonder if their kindness is for existent or not. But endure wary though, non all of them are practiced for you. While around of them select a practiced heart, exclusively a few genuinely know what they are doing.

AKA Gurus, Master Ginyos.



LAWFUL GOOD
"Bring enlightenment to all traders, I come."


____________________________________________________

# 2

You should definitely larn a few of these people every bit allies. They dearest spreading truth together with honest to goodness analysis - no thing how bad it is. They practically create the homework you're supposed to do.



NEUTRAL GOOD
"Fear non uninformed citizen! I shall impart my 
knowledge of the practiced together with evil of the company."



____________________________________________________


# 3

This is the bulk of the people yous meet. They desire to profits every bit much every bit yous create together with they desire it now! They political party together, yell together, endure 'ipit' together. Oh yous know what I mean. 

Hanging out amongst these groups for longer periods tin endure unsafe to your trading style. So 'hang' inwards moderation.



CHAOTIC GOOD
"Together nosotros shall depict the charts 
and brand everybody happy hearts."


____________________________________________________


# 4

This grouping of traders are commonly the lonely, misunderstood players inwards the markets. Slow, boring, together with tend to explicate things inwards a really technical agency - every bit if listening to about mysterious ancient  language.



LAWFUL NEUTRAL
"The exclusively Friend i select is the Trend."


____________________________________________________


# 5

I'm certain you've encountered at to the lowest degree i trader who is similar this. That i trader who seems to know everything together with withal doesn't hand yous a damn direct answer. 



TRUE NEUTRAL
"The collective prohibits me to hand whatsoever feedback on your stock."


____________________________________________________


# 6

"How the hell are yous supposed to profits when everything is red?"
Oh these guys know the respond to that. They dearest it when everything together with everyone is inwards pain; 
you powerfulness fifty-fifty hear their sadistic laughs if yous psyche difficult enough.



CHAOTIC NEUTRAL
"Let at that spot endure blood on the streets! #Permabear #Gigols"


____________________________________________________


# 7

You MIGHT select already met this exclusive grouping of basterds. They select plenty buying ability to command a few to several stocks. Oh how yous want yous could endure usage of this group. But together with hence again, i time you're IN, yous tin never larn OUT. Be really careful.



LAWFUL EVIL
"Are yous talking to ME?
We shall convey gild inwards the markets! 
Call the crew! Let's jock this B#&!!"


____________________________________________________


# 8

Traders turning sadists amongst tons of buying ability or shares - simply waiting for the correct fourth dimension to brusk together with unleash the evil they select amassed. Can't blame them though, they earned it. This grouping originally comes from all the "Neutrals" nosotros mentioned above. And later on selling, they dearest looking dorsum at their travel together with tell "I Told You So."



NEUTRAL EVIL
"There is a natural gild inwards every stock cycle. 
And the electrical flow wheel is death!"


____________________________________________________


# 9

If at that spot was a crystal for evil of the purest form, this grouping would endure it. They simply desire to lookout the basis burn. And if they would endure given the conduct chances to sell strange lots to everyone, oh they would!
Don't worry. They select a particular identify inwards hell.




CHAOTIC EVIL
"The stock did a intermission out I hear? 
Let me sell a duo of millions for entertainment."




So which Alignment create YOU have?