Link: What to Look for in a Good Trading Coach
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:
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“Be keenly interested in my trading history, current performance and long term goals;
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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.
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,
Paul.
Paul,
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.
Corey