Quote from: Viscore on Today at 09:28:37 PM

Quote from: alastantiger on October 16, 2023, 06:55:17 AM

I have a fair knowledge about Bitcoin and cryptocurrency. I can hold down a good conversation in it however when it comes to trading, I have come to the point where I need to up my game. After using a mock trading app for some time, I stopped and tried the live environment. I lost money. Since then I have done some trading again. I feel I need to get back in the game. Right now I am coming in with a different strategy which is a mentor. Yes, I need a mentor in this renewed trading journey who would teach me the practical aspect of it. Because any of us can easily quote the theoretical knowledge of trading.
What is the best reward for mentorship? How do you think I should reward the mentor when I have one? And how often should this be?

If you guys can give me some ideas, it will help me to take charge of the conversation when I meet with the potential mentor.

Thanks.

I suggest do not focus first on the rewards you can offer to the mentor. The fact that you pay him decent amount for every trading session, then that's enough for now. Focus on how to build your skills and strategies as a trader. And you can achieve that through frequent market experience as you become highly exposed to what real trading is all about. Do not fear if you commit mistakes and losses from trading, that's a good motivation for you to improve your trades and be the best version of yourself so you can be successful in your trading endeavor.

When you are making big from trading, that's the time that you will find time to reward your mentor more than from what he is expecting. He is also a part of your success that's why he should be given some credits whatever you will achieve as a successful trader.

You should really be making yourself aware that if you are that someone paying up some subscription fees then it would already be that enough.Its up to you whether you would really be adding up some amount for some complimentary then its up to your choice but its not actually that necessary on which you wont really be needing on doing so because you are already giving those kind of benefit. How much more if you are really that under his referral specially on exchange which we know that they could really benefit out in terms of some referal bonus or what their referrals been earning on which it is normal that they would really be earning too.

I dont really like on having a mentor on which considering that everything could really be known and could really be learn up for yourself then i dont see the relevance or the need for this one.
You could really be able to trade on your own but if you want to fasten up a little bit then go ahead and get or follow some mentor but of course there's really that a fee or payment for that.
If you do find out some free then its good but be careful on whom you are following into yet not all mentors that do exist are really that worth for your time and effort.