Are you looking for a stock market mentor? Do you have trading goals but need help getting started? We give you five questions to ask before making a choice and signing on the dotted line. Starting out many people are looking for that person who can help them along in their trading. Make sure to get the best possible person for the job if that’s what you want.
How to Find a Stock Market Mentor
- Do you know how to find a stock market mentor?
- What’s their experience?
- Do you have any reviews?
- Are they making money?
- Will they share their strategies with you?
- Can their strategies make money no matter what the market’s doing?
You’re excited. Your brokerage account is locked, loaded and you’re ready to roll. With a hot stock tip in the new chat room you just joined, you pull the trigger.
Within seconds $2,000 magically disappears out of your account. Secretly you hope you were right. But here’s the thing, just because your stock market mentor has thousand’s of members in his or her chat room, doesn’t mean you should be too.
So for today, I have put together a series of questions you should ask any stock market service, community, or mentor before you fork out your hard earned dollars to join.
What’s Your Experience?
Would you take your taxes to your barber? What about your will? Would you go to a soccer coach for piano lessons?
I certainly hope not. I guess my point is this: your mentor should be both experienced and accomplished in the trading arena.
What’s more, the market moves in cycles – up, down, sideways. In some cases, well mostly it’s over the course of years.
That said, it’s essential to find a mentor who has traded through all the different types of market conditions. 5-10 years back at least.
Click here for next level stock training.
What are the reviews?
Are they well known? Do they seems to have good reviews? Does it feel like a scam? These are things you should question…do they have a trial? All important.
. If you want to follow our real time alerts with entries and exits, then checkout our stock alerts.
Will You Share Your Strategies and System?
We can all go on FINVIZ or Stocktwits to see what’s trending today and place a trade. But that’s not the point. You sign on to a stock market community with the hope of learning a mentors trading strategy or system.
No second guessing. No overthinking. Follow the rules. You want a mentor that teaches you a full system; otherwise, you’re fishing in the dark.
Furthermore, does their strategy work? Are they currently trading it now? Which leads me to the next question.
Will Your Strategies Make Money in All Market Conditions?
Now it’s essential to keep in mind not all strategies work in all market conditions. Strategies are specific to bull or bear markets, and it’s not a one size fits all situation.
However, quality trading services and mentors should provide you with at least three different strategies you can use to make money, regardless of the market conditions.
Make sure to check out our online trading courses. As a result, you’ll be able to make money in all market conditions.
Do You Offer Education?
Anyone can put together a chat room and shout out plays. But that is not what you want, or at least I hope it isn’t.
The best way to learn is by watching someone successful in making money in the stock market show you how. Also, what materials are available to you to study on your downtime?
I think it’s safe to say without a proper education; you won’t fully evolve as a trader. If you want to learn stock trading look no further.
It’s Not All About Your Stock Market Mentor
- Is your stock market mentor the most important part of your training?
- Is their presence in your trading good or bad?
- Are you learning to trade?
- Can you trade on your own or are you dependent on your mentor?
You’re Part of the Equation Too
I hate to break it to you, but just because you love something doesn’t mean you’ll be great at it. Not if you don’t work.
When there is a crew of encouraging support, including teachers, coaches and peers, interests thrive. Why are other people so important?
For one thing, they provide ongoing stimulation and information that is essential to liking something more and more. Also – more obviously-positive feedback makes us feel happy, competent, and secure.
Keep asking questions. Continue to seek out other people who share your interests, sidle up to an encouraging mentor.
Whatever your age, over time, your role as a learner will become a more active and informed one. Over the years, your knowledge and expertise will grow, and along with it, your confidence and curiosity to know more.
Is It Time to Give up on a Stock Market Mentor?
You blew up your account. The $2,000 you spent on the hot stock tip evaporated quicker than your kids when it’s time to do the dishes.
Your wife is livid. You want to quit. Let me suggest teaching yourself how to change the way you think and feel when the going gets rough: Ask for a helping hand.
Take the story of a retired mathematician named Rhonda Hughes. Nobody in her family had gone to college, but eventually, Rhonda earned a Ph.D. in mathematics.
After seventy-nine of her eighty faculty position applications rejected, she took a job at the only university that made an offer to her.
Reflecting on her experience, Rhonda admits people assume you have some exceptional talent to do mathematics. They think you’re either born with it or you’re not.
But in fact, you actually develop the ability to do mathematics. Don’t’ give up! “There have been so many time in my career when I wanted to pack it in when I wanted to give up and do something easier.
But there was always someone who, in one way or another, told me to keep going. I think everyone needs somebody like that. Don’t you?” (GRIT: The Power of Passion and Perseverance – Angela Duckworth)
What I am trying to say is that setbacks are okay. We all get frustrated and want to quit. But the most crucial thing about Rhonda’s story is that she rarely got back up all by herself. Instead, she realized that asking for help was an excellent way to hold on to hope.
The Bottom Line: Find Your Stock Market Mentor
To become great at something, you have to dedicate tons of time and energy to it. With the right support and encouragement, nothing is impossible, and no goal is beyond reach.
It’s okay to ask for help. And do you want to know why? There are always ways to improve and getting feedback is a gift. By overcoming fears and uncertainty through trial and error, through doing, you will succeed.
It is for these reasons you want a stock market mentor who expects nothing less than your best effort. Be smart. Do your homework and find a stock market mentor and community that suits your needs.
And, when you join Bullish Bears, we’ll push you to be the best version of you that you can be. And we absolutely refuse to pump stocks in our trade room.
We are better than that, and so are you. What’s more, new members gain assess to videos, a free candlesticks e-book, and so much more. Are you ready?