Stocks & Commodities V. 23:2 (103): Websites For Traders: TraderMentors.com by David Penn
When Marty Schwartz decided he wanted to move from being a trader who was “always going tapioca” to
someone who traded for a living, he and his wife wrote out a list of things he needed to do in order to make that
dream happen. One item was to develop a sound methodology. Another item was to come up with an appropriately sized “nut” of $100,000 (in the early 1980s, no less). Second on the list was to buy a seat on an exchange. The third item on the list?
GET A MENTOR
I’ve riffed on this theme before. The commandment to “get a mentor” might be the one aspect of becoming a professional-caliber trader that many aspirants find the most vexing. This task is often all the more difficult for those who don’t have ready access to a live exchange, the way Schwartz did with the American Stock Exchange or Linda Bradford Raschke did with the Pacific
Coast Stock Exchange.