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Stocks & Commodities V. 23:2 (103): Websites For Traders: TraderMentors.com by David Penn
Stocks & Commodities V. 23:2 (103): Websites For Traders: TraderMentors.com by David Penn
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Stocks & Commodities V. 23:2 (103): Websites For Traders: TraderMentors.com by David Penn
TRADERMENTORS.COM
When Marty Schwartz decided he wanted to move from being a trader who was always going tapioca to someone who traded for a living, he and his wife wrote out a list of things he needed to do in order to make that dream happen. One item was to develop a sound methodology. Another item was to come up with an appropriately sized nut of $100,000 (in the early 1980s, no less). Second on the list was to buy a seat on an exchange. The third item on the list?
GET A MENTOR
Ive riffed on this theme before. The commandment to get a mentor might be the one aspect of becoming a professional-caliber trader that many aspirants find the most vexing. This task is often all the more difficult for those who dont have ready access to a live exchange, the way Schwartz did with the American Stock Exchange or Linda Bradford Raschke did with the Pacific Coast Stock Exchange.
TRADERMENTORS.COM
When Marty Schwartz decided he wanted to move from being a trader who was always going tapioca to someone who traded for a living, he and his wife wrote out a list of things he needed to do in order to make that dream happen. One item was to develop a sound methodology. Another item was to come up with an appropriately sized nut of $100,000 (in the early 1980s, no less). Second on the list was to buy a seat on an exchange. The third item on the list?
GET A MENTOR
Ive riffed on this theme before. The commandment to get a mentor might be the one aspect of becoming a professional-caliber trader that many aspirants find the most vexing. This task is often all the more difficult for those who dont have ready access to a live exchange, the way Schwartz did with the American Stock Exchange or Linda Bradford Raschke did with the Pacific Coast Stock Exchange.
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