Link: What to Look for in a Good Trading Coach

Jan 7, 2008: 12:11 AM CST

The Lonely Trader recently posted a very detailed post entitled “What I would look for in a Trading Coach“.

I highly recommend the post and offer a few points in summary from the article:

“[Avoid] coach or mentor with too many endorsements on internet….”

“[Avoid] someone who appears to take a cookbook approach, or has a one-size-fits-all course of instruction.”

According to the Lonely Trader, the perfect coach should:

  • “Be keenly interested in my trading history, current performance and long term goals;

  • Thoroughly assess my current skill level, as well as my current trading attitudes;

  • Push me out of my comfort zone at all times, constantly challenging me to sustain a high level of motivation;
  • Share ideas, methods and tools that develop skills, habits and traits conducive to successful trading; and
  • Willingly provide evidence of trading credentials – not to mention credible references.”

The concluding thought is the strongest: “To ensure the greatest possibility for success, the relationship should be a meaningful collaboration between teacher and student.”

View the full article for personal experiences and more insights.


3 Responses to “Link: What to Look for in a Good Trading Coach”

  1. Paul Says:

    Hello Corey,

    Do you know of any free service that provides MOC (market-on-close) imbalance on DOW stocks, which comes out at 3:40 pm.

    Thanks in advance,

  2. Corey Rosenbloom Says:


    Oh gosh, no, not off the top of my head. There are plenty of services which provide closing data – too numerous to list, but I know of none which specifically show imbalances.

    I invite any reader to comment and post a link here to help us out.


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