ADVANTAGES OF TUTORING AS A METHOD OF LEARNING:
Becoming a good trader is not easy. There are no quick solutions. One session will not make you ready to successfully trade or invest in the markets. There is just too much to know, and even if you know everything, good trading is a skill and requires practice. MRDVD tries to keep trading as simple as possible, but at its simplest it requires knowledge and skill. Short term trading often require fast decisions. Long term approaches are more appropriate for extremely busy people, but usually cannot equal the returns from shorter term swing trading.
For every trade, you must analyze several components quickly and make a decision. It is not a simple yes or no. It is not like flipping a heads or tails coin. When should you enter? What is a good trade setup? Where should you put a stop loss order? How do you know when to exit? Is the move over and you should exit, or will the trend continue and make you more money if you stay in the trade?
There are many dangers that you must be aware of and many careless mistakes you can make, like hitting the buy button instead of the sell button when you want to exit a trade. One time I had four futures contracts in the Dow, and hit the wrong button upon exiting the trade during a sudden adverse move. Not only did that cause me 4 additional commissions, but several hundreds of dollars due to the delay in getting out of a bad move. I have carelessly placed my order in the wrong currency pair when I am making multiple trades. If there is a mistake you can make, I have probably made it more than once, but that means I can help you to avoid stupid errors and be better than I was when I was learning.
After each tutorial session I suggest practice assignments. Isn’t that just like a teacher? I have a Masters Degree in Education, and I know most human minds can only absorb so much information at one session, and to retain that information it must be used. I have tutored hundreds students over many years. I have tutored struggling students in Geometry, Algebra, English, Physics, and other subjects. I have brought students from failing to A’s. I have helped many traders turn their losses into profits.
My assignments are geared to getting you to practice the skills I teach, and getting you ready to make the money you want to make faster. I can quickly direct you away from failed ideas and methodologies, and begin building solid trading habits that will work and serve you well. It is the fastest quickest way to learn, and ends up being the least costly method of learning. My tutoring can quickly spot dangerous ideas or trading habits and redirect you to the correct approaches.
Sure, anyone can learn to trade successfully from many different sources. There are a zillion CD's and courses and seminars out there at very costly prices. Some work. Some just add complexity and confusion. Some are total frauds. None of those programs can answer your questions immediately! None can spot a bad habit or technique you are using and correct it. None will see your errors and help you correct them. I believe a trader is far better off to know why he is making a trade versus trying to follow some buy or sell recommendations from a black box or trading service.