Should your mentor be aware?

[Stepstowealth]

What could be the best possible way to have a trading mentor? could it be to select a mentor and then let them know that you have chosen them as your mentor or follow them anonymously without their knowledge that their mentoring someone, and you are following in their steps?

Whats your thought?

[_act_]

You have to let the mentor know about it and you have to seek for his guidance, that is what mentors are for. Mentor will have to teach you about trading, risk management, trading strategies and everything about trading in a way you will make money from trading until you are able to make money on your own.

But one bad thing about mentors these days is that some are doing it to make money from people but people will not really benefit from them in a way they will trade and be losing. Also some people can say they are mentors but using it to scam.

[Jegileman]

What could be the best possible way to have a trading mentor? could it be to select a mentor and then let them know that you have chosen them as your mentor or follow them anonymously without their knowledge that their mentoring someone, and you are following in their steps?

Whats your thought?

If you’re following someone that you claim to be your mentor without letting the person know is like you’re just looking up to his lifestyle of trading. You will never get the result you want and such person won’t be called your mentor but just a trader you fancy his type of trade. A mentor should know that you’re looking up to him and you should be able to ask him some questions where you’re lost and he should also be willing to guide you on many things in the market, that’s the only way they can be called a mentor. I think the generally used case of a mentor we see used as example is not actually what it depicts, until they know and can immediately put you through when you most need their guidance they can be called a mentor.

[mindrust]

Be your own trading mentor that’s the best way. Why do you even need a mentor? If you can’t make your own trades, if you don’t have the skills, why don’t you just buy a market ETF or a mutual fund? If you are even richer, you can hire your own financial planner. When you copy someone else’s trades or make trades on other people’s tips; the moment you lose that guy, you are cooked. That’s no good. Either educate yourself and make your own educated guesses or buy an index ETF. (If you are into crypto just buy btc and hodl. Beats any trading)

[taufik123]

-snip-
When you copy someone else’s trades or make trades on other people’s tips; the moment you lose that guy, you are cooked. That’s no good.

Maybe it's not about copying, but learning what the basics or strategies are and then modifying them.
Because I do it to develop my knowledge of trading, not just copy and paste other people's strategy tips.

I started everything as well as self-taught, learning from google and Youtube and many other references, so I knew how the crypto market works.

Either educate yourself and make your own educated guesses or buy an index ETF. (If you are into crypto just buy btc and hodl. Beats any trading)

It may not be a guess, but an analysis made according to market conditions so that you know where the market will go, this is basic knowledge that needs to be understood.
and the advice to buy Bitcoin and hold it for the long term is good advice because Bitcoin is the top coin that is already trusted,
but also to know when the right time to buy and determine what the target price will be reached.

[Zaguru12]

What could be the best possible way to have a trading mentor? could it be to select a mentor and then let them know that you have chosen them as your mentor or follow them anonymously without their knowledge that their mentoring someone, and you are following in their steps?

It depends on the kind of mentor, I think the best mentorship is actually that which you have close relationship with, it is only with this relationship that they can actually share some of their secrets with you. In fact if not for privacy reasons I will even prefer physical mentorship. Having your mentorship afar will only limit some knowledge they can impact. But does this mean you cannot admire someone afar I don’t think so.

I think there are many very well dedicated traders who teach on YouTube and other social media platforms this type of people can be hand picked as mentors and you can follow up their guides to build your knowledge on trading and it can be anonymous but this will certainly not be same as someone who knows your his mentee. There is responsibility that comes when they know you are there mentee they will want to go extra to see you succeed and this is where you get extra motivation and information from them

[tvplus006]

What could be the best possible way to have a trading mentor? could it be to select a mentor and then let them know that you have chosen them as your mentor or follow them anonymously without their knowledge that their mentoring someone, and you are following in their steps?

I don't understand who you consider your mentor, the lead trader from whom you copy trades, or the signal provider? A mentor can be considered a trader who, for free or for payment, will teach you how to trade independently. But it will be very difficult to find a trader who will agree to teach you how to trade.

[Distinctin]

What could be the best possible way to have a trading mentor? could it be to select a mentor and then let them know that you have chosen them as your mentor or follow them anonymously without their knowledge that their mentoring someone, and you are following in their steps?

Whats your thought?

If you aim to be mentored personally, then you should let the mentor know that you want to be mentored by him. Assessments will be made prior to mentoring in order to identify your strengths and weaknesses, and it will only be possible if you set a clear appointment on him. Otherwise, following him secretly may not be a form of effective mentoring that may still lead to some inevitable losses before you learn trading on your own.

[boyptc]

What could be the best possible way to have a trading mentor? could it be to select a mentor and then let them know that you have chosen them as your mentor or follow them anonymously without their knowledge that their mentoring someone, and you are following in their steps?

Whats your thought?

Yeah, you can tell that straight to them to let them know that you like them as a mentor.

But two things here.

It's either you're going to be mentored seriously because of how you admire them and being straight to the point. Or, they're going to make you pay for that admiration and they can take advantage of it for the fees that they're going to charge you.

[BitMaxz]

The good thing of having a mentor is you can ask anything you want, unlike if you do self learning you still need to research them.
So why not ask them first for the summary of what they teach so that you know what skill you can get from the mentor?

I love a mentor that can teach about the list below. I didn't include the technical and fundamental analysis since that's pretty common everywhere and I am sure mentor also teach this.

Code:

position sizing
risk management
portfolio management
discipline and patience
trading mindset

This list for me is very important; most of these are related to risk management if you want to stay long on the market and be profitable.

[Davidvictorson]

What could be the best possible way to have a trading mentor? could it be to select a mentor and then let them know that you have chosen them as your mentor or follow them anonymously without their knowledge that their mentoring someone, and you are following in their steps?

Whats your thought?

When I needed a mentor in one of the areas of my life that I was trying to improve myself on, I just emailed them and they accepted. That is the direct approach. If distance were going to be a problem then just follow them anonymously particularly if they post a lot on social media more of the stuff that attracted you to them.  You can also read their books if distance and location difference is an issue. It is good to meet with your mentor at least twice a month or once depending on how busy they are. In trading this can also be applied here. And during the meeting there should be questions that you have prepared to ask them and not just a hi, hi meeting.

[Potato Chips]

Just be careful with who you consider a mentor.

Many scammers out there are parading as a mentor as well. In some cases, they would point you to an obscure exchange they secretly own and at the end of it, they would block your withdrawals. There are shady folks too wherein you would actually get learning resources but the quality is doubtful as some are just good at marketing that they earn so much more from mentoring rather than their actual trading skill as it is not as good as they pitch it to be.

[death69]

It relies on the kind of transformation you actually want. If you want to extract skill, certainly, you can follow someone silently, monitor their logic, reverse-engineer their perspective. That’s observation. That’s analysis. That's safe. But true mentorship lives in conflict, in criticism, in vulnerability. Knowing they are a mentor allows you to be challenged, see your blind spots, talk straight to your areas of weakness. Silent following keeps you comfortable. Direct mentorship forces growth.

Should they know or not? That's surface, though. You should ask yourself - are you ready to be seen? The most of them are not. They’d rather build an imaginary version of someone than confront the awkwardness of human interaction, of being corrected, of not being impressive yet. Furthermore remember that mentors are people. They’re not always available. Not always right. Not always stable. But when you step up and declare, "I'm choosing to learn from you," you are practicing clarity rather than dependence. That act alone is part of your development. And that matters. a lot.

[Negotiation]

A mentor can only be someone who gives you guidance and works directly with you to improve your business. If you follow someone you consider your mentor but they don't know you then you are unlikely to benefit from it if you are only learning from their lifestyle or their business. The mentor follower relationship should be a two way street if you truly want to learn from a mentor you should let them know that you are following their path and that you are willing to ask them specific questions or learn from their experiences. Your own expertise is most effective when it comes to trading.

[TheUltraElite]

I do not agree with the concept of mentor in trading, maybe true in teaching and learning something but not trading.

Trading can be learnt from free videos posted online - you dont need someone to tell you to trade or teach anything in it. Anyone selling a course in this manner is essentially a scam disguised in the form of giving information which is already available for free.

Its like selling a book called how to get rich, when in reality the author is the only one getting rich - how? By selling the book.

[tottong]

What could be the best possible way to have a trading mentor? could it be to select a mentor and then let them know that you have chosen them as your mentor or follow them anonymously without their knowledge that their mentoring someone, and you are following in their steps?

Whats your thought?

To choose a mentor who has the best ability in trading is difficult especially if it is related to anonymous, I see many people who learn trading with people who have knowledge.
But in certain conditions they do not succeed because sometimes they do not follow the correct instructions and even go out of the strategy given by him.
An experienced mentor will not put much pressure on people to start trading because they understand the psychology of people who are new to trading.

It is okay to follow the trading steps they teach, but we must also have an attitude in making decisions, so that when we want to trade we know what needs to be done.
Most people just follow the mentor fully but they do not learn how decisions are made must also be based on consideration.

[hd49728]

What could be the best possible way to have a trading mentor? could it be to select a mentor and then let them know that you have chosen them as your mentor or follow them anonymously without their knowledge that their mentoring someone, and you are following in their steps?

Whats your thought?

Trading is very hard in Bitcoin and cryptocurrency market that is highly volatile and unpredictable. There are events like Pandemic, Tariff war that can break all technical indicator signals and if you don't use weapons like Stop loss order, Stop limit order, your positions will be at very big losses.

You can choose anyone as your mentor with an official contract or without it as an unofficial mentor just by action from your side like anonymously and secretly following that professional and experienced trader. Without any contract, there are many limitations in shared trading strategies as well as real-time trading actions from that "unofficial mentor".

The mentor can do things behind the scene, like using stop loss, stop limit orders and exit the market without any announcement to you and his followers. If you don't know what to do, and miss that important exit step from the mentor, your position can be at big loss while your mentor successful protect his initial capital nearly intact.

Trading if you have enough knowledge, experience and skills; avoid trading just by following anyone in this volatile market. Only trading independently and be fully responsible with your trading capital, trading positions and results as either profit or loss.

[jcojci]

Having a mentor is good but you must find your ways and style because one method from others will not work for you. That is why you can learn from someone but you still need to learn by yourself to improve your skill. You can not always rely on your mentor to trade because you have different interest and analysis that you use. Your mentor maybe will not tell all things to you and keep some parts for them. But if you can learn more by yourself, you will get more information and knowledge about trading. That knowledge will help you to trade so you don't need other people to analysis because you can do that by yourself.

[yhiaali3]

I don't think a trading mentor is necessary except for beginners. You can follow a trading mentor at first, and then, after learning and gaining experience, you can develop your own trading strategies. You don't have to follow anyone else's strategies.

If you want a trading mentor, it's best to choose one from Telegram or YouTube without telling them. This is better for you, as it prevents you from being taken advantage of, as many of them are scammers who may ask you for money. This way, you won't be defrauded. Also, if you don't like him, you can move on to someone else. There are plenty of them on Telegram or YouTube.

[EarnOnVictor]

What could be the best possible way to have a trading mentor? could it be to select a mentor and then let them know that you have chosen them as your mentor or follow them anonymously without their knowledge that their mentoring someone, and you are following in their steps?

You need to first differentiate between mentorship and a role model or someone you are just following his ways. The latter could be openly or anonymously done, so you don't have to know each other. But mentorship is different, it's actually a RELATIONSHIP that's not, but similar to apprenticeship. You guys must both be aware of this relationship to make it a mentor-mentee agreement.