{"id":2000,"date":"2010-04-21T01:30:51","date_gmt":"2010-04-21T05:30:51","guid":{"rendered":"http:\/\/club.ino.com:80\/trading\/?p=2000"},"modified":"2010-04-20T13:16:20","modified_gmt":"2010-04-20T17:16:20","slug":"do-you-need-a-trading-coach","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2010\/04\/do-you-need-a-trading-coach\/","title":{"rendered":"Do You Need a Trading Coach?"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignnone\" src=\"\/img\/sites\/ino\/email\/2466.jpg\" alt=\"\" \/>Have you ever consulted a trading coach, and if so, what was your  experience like? Long-time followers of the Trader's Blog are familiar with the educational content that we provide and often have questions about other ways to learn how to trade including, trading coaches.<\/p>\n<p>Today, we're sharing a bit of commentary on the subject from <a href=\"http:\/\/www.traderplanet.com\" target=\"_blank\">TraderPlanet.com's<\/a>, Trader Ed. Read on to see what Trader Ed thinks about the subject and then leave a comment and share your insight or experience with us.<\/p>\n<p>------------------------------------------------------------------------------------------------------------------------------<\/p>\n<p style=\"text-align: justify;\"><em>How do I choose a trading coach? Do  you have any recommendations? How much should I be paying, and how well  do they really work? Any other advice would be helpful.<\/em><\/p>\n<p style=\"text-align: justify;\">Personally, I have never used a \u201ctrading  coach.\u201d Perhaps one could have helped me become a better trader, but I  will never know \u2026<!--more--><\/p>\n<p style=\"text-align: justify;\">In my thinking, a  trading coach is only necessary if one is having issues with his or her  discipline. Now, I am sure some would say, \u201cOh, but a trading coach does  so much more than help with discipline.\u201d Well, that may well be true,  but, again, in my thinking, it is better for a trader to slog through  the process of learning how to trade, both making mistakes and making  money. When one or the other happens, the learning trader analyses that  thing to find out what he or she did in that process. I believe that  experience is the best teacher, and in trading, nothing substitutes for  experience. I attended a university that has the motto,\u201d Learn by  doing.\u201d I still believe this to be true, and I practice this philosophy  today.<\/p>\n<p style=\"text-align: justify;\">So, unless you are having  trouble with discipline, my advice is to throw yourself into the fray  with a minimal capital account. Along the way, read everything you can  about the market you are trading, talk to anyone who knows anything  about what you are trying to learn, and take advantage of any and all  free educational opportunities. In short, get to work  trading and learn how to do it.<\/p>\n<p style=\"text-align: justify;\">I  have no recommendations as to which trading coach would work for you,  nor do I know how much you should pay. How well does the concept of  using a trading coach work? If you ask someone who has succeeded with  the aid of a trading coach, you will get one answer. If you ask someone  else who thinks he or she threw away money using a trading coach, you  will get another answer. As with everything else in life, what you get  from any endeavor is at least equal to what you put into that endeavor.<\/p>\n<p><strong><em>Trade in the day; invest in your life \u2026<\/em><\/strong><\/p>\n<p><strong>Trader  Ed<\/strong><br \/>\n<a href=\"http:\/\/www.traderplanet.com\/commentaries\/user\/tradered\" target=\"_blank\">Ask Trader Ed<\/a><br \/>\nTraderPlanet.com<\/p>\n<p>------------------------------------------------------------------------------------------------------------------------------<\/p>\n<p><em>Trader Ed lives on a small ranch on the beautiful Central California coast. He is a writer by trade and a trader by choice. To learn more about Trader Ed or to read some of his other commentary, stop by his column by visiting the link above.<\/em><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Have you ever consulted a trading coach, and if so, what was your experience like? Long-time followers of the Trader's Blog are familiar with the educational content that we provide and often have questions about other ways to learn how to trade including, trading coaches. Today, we're sharing a bit of commentary on the subject [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[7946,3200,3201,3202],"class_list":["post-2000","post","type-post","status-publish","format-standard","hentry","category-general","tag-trading-tips","tag-trader-ed","tag-traderplanet","tag-trading-coach"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Do You Need a Trading Coach? - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2010\/04\/do-you-need-a-trading-coach\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do You Need a Trading Coach? - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Have you ever consulted a trading coach, and if so, what was your experience like? 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