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  • #641
  • Sep 22, 2009 10:38pm Sep 22, 2009 10:38pm
I've just trolled through this thread. (I must be really bored, LOL). Can't understand why it hasn't been binned, as it includes blatant promotion (and with no real supporting evidence), misrepresentation, disrespect, bickering, name-calling. The Eleanor Roosevelt quote in Igrok's signature comes to mind "great minds discuss ideas..... small minds discuss people".

If, for merely daring to question the 'mainstream' view, I'm likewise branded a troll, then so be it. Apparently there's a lot of trollaphobia out there. LOL.

Anyway, on the topic of mentorship in general, I think Billflet says it extremely well back at post #100. I'd add one more comment: a successful trader is not necessarily a good teacher. The art of teaching also includes being able to prioritize the important over the less important, break down complexity, and also put oneself in the student's place, and convey concepts from his point of understanding.
  • #642
  • Sep 25, 2009 7:49pm Sep 25, 2009 7:49pm
Quoting ALThau
Thing is, you ( Jackolopians) don't even have a thread.
All you have is mutual masturbation page, sole purpose of which seems to be promotion of Jackos paid service.
This thread deserve to be in a scrap pile.
ALthau, I am not sure wahat a jackolopian is, but we do have thread. http://www.forexfactory.com/showthre...ighlight=jacko

As a newish member of his group, I have finally found a PROFITABLE and WINNING trader who has shown me his live trading results for TWO YEARS. On top of that I can also go back further in time and see his winning trading for six months live on a Forum. And he has posted his basic strategy for everyone to see.

Why am I telling you this? it is like another trader jamiewhite said. It is because we I have found something special and want to tell other traders about it.
In a forum where most posters get some type of self-gratification from tearing up other traders and having all the best traders leave, this thread does NOT deserve to be in a scrap heap.
  • #643
  • Sep 26, 2009 1:33am Sep 26, 2009 1:33am
Quoting daringdave
It is because we I have found something special and want to tell other traders about it.

Congratulations, I'm sure you've accomplished your goal, I doubt there's a retail forex trader in the universe who doesn't now know the merits of paying $700 for access to that particular trader's trading blog and the caliber of people who are members of the said group, you yourself are an excellent example!

Classic!
  • #644
  • Sep 26, 2009 1:35am Sep 26, 2009 1:35am
Quoting hanover
Anyway, on the topic of mentorship in general, I think Billflet says it extremely well back at post #100. I'd add one more comment: a successful trader is not necessarily a good teacher. The art of teaching also includes being able to prioritize the important over the less important, break down complexity, and also put oneself in the student's place, and convey concepts from his point of understanding.
  • #645
  • Sep 27, 2009 8:01am Sep 27, 2009 8:01am
I have had a quick browse and not sure whether this has been mentioned.
I was always under the impression in a traditional sense that a mentor chooses his student.A mentor MUST see potential in YOU.

He chooses his student based upon a sense that the person will be teachable,have the right personality and mind frame for the venture.
Because the mentors time is at stake,and time is precious,then the mentor needs to be sure,otherwise he/she will waste their time.

I think mainly due to the development of technology and the internet,mentoring for the 'numbers' has become the norm.
'Old school' is one-on-one with the mentor making the initial offer.
You just have to hope that someone sees potential in you.If you don't want to wait,then you make the offer and sign up lol.
Just my thoughts and no offense to anyone.

I think it's a little sad that we've lost 'old school' ways.
It is good though when you hear of guys here that run with tradition.I know that Darkstar mentored Mike(mbqb11) and i think that's spot on.Kudos to you Dark.
  • #646
  • Sep 28, 2009 1:57am Sep 28, 2009 1:57am
Quoting H. Rearden

I suggest that if the said service is of such high standard and quality (which obviously cannot be assessed by novices who have signed up for it, but other professionals who might take a look at the genuity of the trading records), the ForexFactory should consider to make the person and his service a legitimate partner. That would certainly erase all doubts that have been put forward in this thread....

H. Rearden

Both Jacko and James16 had been awarded the status of Preferred Partner of FF by - if I'm not mistaken - Merlin himself, quite some time ago.

That is - before the advent of the commercial forum with all it's ramifications.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #647
  • Sep 30, 2009 3:47pm Sep 30, 2009 3:47pm
Quoting H. Rearden
I suggest that if the said service is of such high standard and quality (which obviously cannot be assessed by novices who have signed up for it, but other professionals who might take a look at the genuity of the trading records), the ForexFactory should consider to make the person and his service a legitimate partner. That would certainly erase all doubts that have been put forward in this thread and in addition, it would give newbies the peace of mind to join without hesitation or doubts - or the need to indeed having to listen to a bunch of...
I emailed Jacko and asked him if all of his members were novices. His reply was that 40% of the members in the group had been trading for 3 years or more.
  • #648
  • Sep 30, 2009 4:54pm Sep 30, 2009 4:54pm
I'll follow this thread as well
"The person who knows that enough is enough, will always have enough". .
  • #649
  • Sep 30, 2009 5:27pm Sep 30, 2009 5:27pm
I have been live trading forex for about 5 months. At first, I was surprised at how easy it was to make money. Then, I was surprised at how easy it was to lose money. As my account kept growing. so did my losses. Finally, I stopped trading for a month and did some reading and thinking about why I was losing. Pretty simple and typical things, really: lack of a trading plan, lack of discipline to stick to simple rules re: risk & money management, etc. I got a lot of help from Steenbarger's "The Daily Trading Coach:.." book and I have returned to live trading with the experience of loss and the need for reform to guide me.

If I had a mentor to guide me, maybe I would have still experienced painful loss, maybe not. If I lived somewhere amongst alot of traders maybe its possible that I would have found someone to help me learn to trade, someone to mentor me. But paying someone for this relationship to be conducted over the internet seems a little shallow to me.

At any rate, in learning to trade I have had to confront my own weaknesses and psychological quirks and recognize how those were hurting me, to recognize my strengths and try to work out how to best use them to make money trading. I am nowhere near done with this work. If someone had pointed these things out to me and patiently explained to me what I needed to do and why, would it have been better? Probably not. Anyone will probably have to do this for him/herself anyway. So, is it necessary to suffer painful monetary loss on the road to becoming a successful trader? Probably, although there may be exceptions....anyway, how should I know - ask me when I'm a successful trader.

Bottom line, I have come this far on my own and I am still kicking. I don't need a mentor now.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #650
  • Sep 30, 2009 5:45pm Sep 30, 2009 5:45pm
Quoting The Fool
I have been live trading forex for about 5 months. At first, I was surprised at how easy it was to make money. Then, I was surprised at how easy it was to lose money. As my account kept growing. so did my losses. Finally, I stopped trading for a month and did some reading and thinking about why I was losing. Pretty simple and typical things, really: lack of a trading plan, lack of discipline to stick to simple rules re: risk & money management, etc. I got a lot of help from Steenbarger's "The Daily Trading Coach:.." book and I have returned to...
This is the only vocation I know where the participants say that you don't need to learn from other more experienced and succesfull participants in the vocation.
Or that it is a badge of honor to have busted your account a couple of times because of ignorance or being too proud to ask for some guidance.

Not for me. I suppose it depends on how serious a trader you are. A mentors fee is peanuts if you are a serious about being a forex trader.
  • #651
  • Sep 30, 2009 6:06pm Sep 30, 2009 6:06pm
Quoting kenkomo

Not for me. I suppose it depends on how serious a trader you are. A mentors fee is peanuts if you are a serious about being a forex trader.
Of course, if you are getting paid to continuously pump Jacko's "service", maybe you won't need to trade anyway...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #652
  • Sep 30, 2009 11:55pm Sep 30, 2009 11:55pm
Quoting kenkomo
This is the only vocation I know where the participants say that you don't need to learn from other more experienced and succesfull participants in the vocation.
Or that it is a badge of honor to have busted your account a couple of times because of ignorance or being too proud to ask for some guidance.

Not for me. I suppose it depends on how serious a trader you are. A mentors fee is peanuts if you are a serious about being a forex trader.
  • #653
  • Oct 1, 2009 12:48am Oct 1, 2009 12:48am
Quoting daringdave
I emailed Jacko and asked him if all of his members were novices. His reply was that 40% of the members in the group had been trading for 3 years or more.
What, you mean 4 out of his 10 members?

As mentioned before, 'paid mentoring' is an oxymoron - it does not exist on an ethical basis. Call it a course fee or training fee.

The only thing this membership increases is the dude's bank account.
You have to learn to walk on your own - or not at all. All the traders I have known in my career have done it without - you either have it in you or you don't - paying out money for letting someone else tell you how to supposedly do it is a wast of the same.

Then again the world consists primarily of lemmings and at the end of the day its your own choice, so good luck whereever you end up.

H. Rearden
  • #654
  • Oct 1, 2009 6:41am Oct 1, 2009 6:41am
Quoting H. Rearden
What, you mean 4 out of his 10 members?

As mentioned before, 'paid mentoring' is an oxymoron - it does not exist on an ethical basis. Call it a course fee or training fee.

The only thing this membership increases is the dude's bank account.
You have to learn to walk on your own - or not at all. All the traders I have known in my career have done it without - you either have it in you or you don't - paying out money for letting someone else tell you how to supposedly do it is a wast of the same.

Then again the world consists primarily of lemmings...
You are too hung out by the fact that he is being paid for his time .
We have all just closed out another trade at 100pips (some made higher) in profits at around 8.00am EDT today. Easiest trade I have ever done. And he is showing us precisely what he is thinking and doing and why. He does it step by step. He explains everything before we need to do anything, so we are not doing anything on blind faith.
And I am learning at an incredibly accelerated rate.

Beats the shit out of learning by losing money
  • #655
  • Oct 1, 2009 7:07am Oct 1, 2009 7:07am
Quoting kenkomo
You are too hung out by the fact that he is being paid for his time .
We have all just closed out another trade at 100pips (some made higher) in profits at around 8.00am EDT today. Easiest trade I have ever done. And he is showing us precisely what he is thinking and doing and why. He does it step by step. He explains everything before we need to do anything, so we are not doing anything on blind faith.
And I am learning at an incredibly accelerated rate.

Beats the shit out of learning by losing money
Sorry, my fault for getting involved in this petty thread.

If you want to get into a pissing contest about pips, go ahead - it means nothing at all. I make far less on each of my trades. Despite this, I have made 8 figures in 2008 and 7 so far this year - those are Pound Sterling and enough to buy me another small island in the Caribbean - beats the shit out of peddling someone else's get rich quick scheme.

As I said: good luck to you and the 'around 20 posts bunch'.

H. Rearden
  • #656
  • Oct 1, 2009 4:03pm Oct 1, 2009 4:03pm
Quoting H. Rearden
If you want to get into a pissing contest about pips, go ahead - it means nothing at all. I make far less on each of my trades. Despite this, I have made 8 figures in 2008 and 7 so far this year - those are Pound Sterling and enough to buy me another small island in the Caribbean -
H. Rearden
What little credibility you had, has now totally gone.

On to the troll list for you
  • #657
  • Oct 1, 2009 7:37pm Oct 1, 2009 7:37pm
impressive

where in the uk you from?


Quoting H. Rearden
Sorry, my fault for getting involved in this petty thread.

If you want to get into a pissing contest about pips, go ahead - it means nothing at all. I make far less on each of my trades. Despite this, I have made 8 figures in 2008 and 7 so far this year - those are Pound Sterling and enough to buy me another small island in the Caribbean - beats the shit out of peddling someone else's get rich quick scheme.

As I said: good luck to you and the 'around 20 posts bunch'.

H. Rearden
"The person who knows that enough is enough, will always have enough". .
  • #658
  • Oct 1, 2009 7:40pm Oct 1, 2009 7:40pm
p.s. if you refuse to mentor me i will just have to mug you


Quoting H. Rearden
Sorry, my fault for getting involved in this petty thread.

If you want to get into a pissing contest about pips, go ahead - it means nothing at all. I make far less on each of my trades. Despite this, I have made 8 figures in 2008 and 7 so far this year - those are Pound Sterling and enough to buy me another small island in the Caribbean - beats the shit out of peddling someone else's get rich quick scheme.

As I said: good luck to you and the 'around 20 posts bunch'.

H. Rearden
"The person who knows that enough is enough, will always have enough". .
  • #659
  • Oct 2, 2009 1:36am Oct 2, 2009 1:36am
Quoting maq
impressive

where in the uk you from?
Maq,

Sandbanks nr. Bournemouth in the summer, in the winter on a small island off Anguilla in the BVI's.

H. Rearden
  • #660
  • Oct 2, 2009 2:04am Oct 2, 2009 2:04am
Maq,

I am renting the one (in Sandbanks) on the right since a few years and thinking of buying it. Prices have come down here too since the credit crises has effected even this spot - which one of the dearest on the globe.

During the bad weather in the UK, I stay in the Caribbean (for the last 7 years on this little island off Antigua) - but bought a place off Anguilla which is still under construction, well sewers and electricity are still improvised, haha.

H. Rearden
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