The Road to Successful Trading

Hiring a trading mentor.
This is an excellent way to get hooked up, trained and monitored. But, needless to say, it 
depends very much on the mentor. Some of the key questions in this regard are:
1. 
What type of trading is the forte of the mentor? 
2. 
What is the trading background and level of education of the trader? 
3. 
What is the training and mentoring syllabus like? 
4. 
Is the amount of capital you have for trading sufficient to justify a mentor? 
5. 
What has been the experience of current and past students? 
6. 
Can you obtain telephone contact numbers (not e-mail) of current and past students 
and can you talk to them? 
7. 
What has been the typical average win-loss ratio of students? 
8. 
How much personal time will you get with the mentor? 
9. 
What does the mentor see as the most important factors needed to become a 
successful trader? 
10. 
What is the cost of the program and are there terms if you need them? 
11. 
Does the mentor think there is a way to measurable return on the investment in their 
services? 
12. 
Has the mentor ever had problems with regulators? 
The benefits of working with a mentor who has a good reputation and record of performance is that 
the mentor can get to know you and your weaknesses and strengths. When you hit a wall, they will 
know you well enough to effectively help you technically and emotionally. They may very well be 
able to be proactive enough to steer you away from potholes and walls. More than anything else, 
working closely with a mentor can greatly accelerate the total learning process of how to become a 
successful trader and overcome the initial bumps in the road. 
The Disciplined Trader (
www.thedisciplinedtrader.com
) is an online mentoring program which 
offers an intensive program aimed specifically at the psychology of trading. What makes this 
program special is that they are specialists in providing proven techniques on how to maintain the 
proper trader attitude. Most trading mentors are experts on trading per se but may not have the 
training and experience to offer the best techniques for this important aspect of trading. 
Do you accept the fact that an experienced set of eyes and ears can provide valuable input and if left 
on your own, you will miss some important observations? If you don’t accept this statement, then 
maybe it is better to consider the next option for “hooking up”. 
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