Trading Chart guideline for lead with success

This is my first post in the MadeForTrade community.

I am new to trading (only 6 months in), and I am loving the adrenaline rush it brings.

When you are early in your trading career, does mentorship matter?

If yes, what are the things one needs to take into consideration while looking for mentors?

Please share your suggestions

@KirubakaranRajendran @PiyushChaudhry @him_arora would be able to answer this for you!

"I’ve been trading since 2018, and I’d like to share my experience. When I decided to enter the stock market (up until that point, I was an investor in mutual funds and occasionally in individual stocks), I sought out a mentor for a year. My mentor helped me grasp the basics of how the market works and introduced me to simple trend-following strategies. This support was instrumental in managing my emotions, especially during market swings and when tracking profits and losses.

My mentor provided several key benefits:

  • Routine Building: We had regular catch-up sessions, both before the market opened and in the evenings. This routine helped me stay disciplined.
  • Confidence and Realism: My mentor instilled confidence in trusting the trading process and taught me to set realistic expectations.
  • Watchlist Preparation: I learned the importance of having a watchlist ready.
  • Risk Management: My mentor emphasized ledger discipline and controlling overenthusiasm.

Importantly, you don’t need a famous trader as your mentor. Look for someone who aligns with your goals and values. Avoid high-fee internet programs with pre-recorded videos; personalized, one-on-one support is crucial. While my mentor is no longer actively mentoring, the lessons I learned continue to guide my trading journey.

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These are very wise suggestions.

Thanks for sharing @sindbad :slight_smile: Looking forward to more insights from you on the community.