Almost all the successful stock traders that I know have had a stock trading mentor. Mentoring is considered a pretty much essential component of learning in business. I have also learned stock trading from a mentor, Millionaire trader, Jason Bond, and I would not be a financially free stock trader without him. This article explains some top reasons why you should have a stock trading mentor.Remember that having even the best stock trading mentor will not guarantee immediate stock millionaire status, but it will significantly improve your odds of success.
Learn from Mistakes.
Most people know that learning from your mistakes can be one of the best ways to learn. I believe that learning from OTHER people’s mistakes is a much better way! If youlearn from the mentors experience it will prevent a lot of pain and save you a lot of time. You can essentially leverage a mentor’syears of experience and take the shortcut to trading success. A good mentor will share with you what he learned and double your learning speed.
A Mentor Saves You Money.
The rules that a mentor can teach you will save you thousands of dollars. Maybe a lot more. The trading world is very dangerous for new traders – who hasn’t heard a trading horror story where someone they knew lost an entire trading account?
You Are the Average of The Five People You Spend Most Time With.
If you upgrade your peer group by associating with people who are where you want to be in life, you will become like them. I suggest you find a stock trading chatroom and fully integrate with other top stock traders. Check out my website Stock Millionaires for the top reviews of the best stock trading chatrooms and mentor services. I promise you that investing just a little in your education will be the best investment that you ever make.
By following a stock trading mentor, you can see what it possible for you in the future. This is very motivating for a new stock trader. I remember when I thought that making more than $3000 per month was impossible. I saw my trading mentor making $40,000 per month while trading part time. That changed my life forever, and sure enough a few years later my income has increased exponentially and I do occasionally have months where I reach those income levels. Belief is such an important factor – remember the 4-minute mile? Once people believed it was possible, it changed from impossible to perfectly possible and routinely achieved. Your mindset is everything and you cannot underestimate how important surrounding yourself with profitable traders and mentors is for your success.
Learning to trade from a stock trading mentor is an essential part of the learning curve. I urge you to find the best one that is 20 years ahead of you and learn everything you can from them. If you need some inspiration, please check out my website that details many different millionaire traders and how to contact them.