Monday, April 09, 2007

Call For Trading Coaches And Mentors: Upcoming Linkfest

I recently mentioned some of the factors that contribute to success in performance coaching. In the trading world, the terms "coaching" and "mentoring" are used in a variety of ways, as John Forman has perceptively noted. That makes it difficult for traders to find the kinds of helping that are right for them.

To address this challenge, I'm collecting links to experienced coaches and mentors who work with traders. In several days, I'll post a linkfest that will highlight coaching and mentoring resources.

For purposes of clarity, I'm using these terms in the following way:

1) Coaches - People who help traders with the mental/emotional/psychological aspects of trading, including techniques for improving self-control and trading consistency;

2) Mentors - People who help traders with the actual mechanics of trading; the "how-to" aspects of defining setups, setting stops and price targets, position sizing and risk management, etc.

By this definition, coaches function as counselors for traders; mentors function as trading teachers.

If you are a coach or mentor and would like your website or blogsite to be included in the upcoming linkfest--or if you're a reader who would like to recommend a coach or mentor--please email me in the next few days. My email address is at the bottom portion of the "About Me" section of my blog home page. Feel free to include in the email a brief synopsis of the services you provide and your specific areas of expertise.

My hope is that this will provide a useful resource for traders seeking assistance.

Also stay tuned for Volume Two of my linkfest covering blog sites that teach How To Trade. There's some great stuff out there for traders seeking ideas for self-mentorship!

Thanks as always for your interest and participation--

Brett

9 comments:

MIsstrade said...

Brett,

How much time to you spend coaching/mentoring/teaching vs. your own trading? How do you balance your lifestyle? Tell us what a typical day/week/month looks like

Miss Trade

John Forman said...

Hi Brett,

It's interesting how you have differentiated between Coach and Mentor. I would have actually gone the other way round. The coach being the technical teacher and the mentor the advisor. As we talked about before, though, that could just be a function of my background in athletic coaching vs. yours in medicine.

John

Kathy said...

Hi Brett,
I can’t wait to see the linkfest.
I have been trading for a long time but only recently my trades are starting to make sense (to me!). I hope I will be able to show my trading strategies to your coaches/mentors to get their advices.
Another idea is that I can write my trading and publish it here so that you and your readers can comment on it. Maybe my recent luck is just by luck?
Thanks.
Bruce

Brett Steenbarger, Ph.D. said...

Hi Misstrade,

I have really pulled back from working with traders since early 2006. I now only work on a very part-time basis with groups of traders at hedge funds, proprietary firms, and investment banks. That's a few days out of the month typically, not including follow up contact via phone and email.

My day begins between 4-5 AM, when I start my research for the coming day's trade and prepare my first blog entry of the day.

I trade most mornings, and do my writing (I've started a new book project) in afternoons. Evenings are for family and updating my personal site. The websites have become my way of doing teaching and coaching, while enabling me to trade and be with family.

Brett

Brett Steenbarger, Ph.D. said...

Hi John,

Yes, I can see where you'd identify a coach as teacher and a mentor as a support. Mentorship in the medical world does indeed convey the notion of teaching, either in the lab or at the bedside.

Brett

Brett Steenbarger, Ph.D. said...

Hi Bruce,

Interesting idea! Thanks for your interest. I'd encourage you to start your own blog and share your trading perspectives and experiences!

Brett

Kathy said...

Hi Brett:
Thanks for your reply and encouragement. When I say publish my trading work I meant to publish it in your blog so that you and other readers can comment on it. I have basically 3 rules to trade stocks. I did not know if it is proper to write them and invite comments on your blog.
Thanks.
Bruce

Brett Steenbarger, Ph.D. said...

Hi Bruce,

The comment section of the blog is precisely for such dialogue, and I'd be happy to respond to your rules if you'd like to post them via comments. At this juncture, I don't use the blog for guest articles or postings. Thanks for the interest!

Brett

Syano said...

We share the same definition for coach and mentor. I will always keep it in mind when I am switching hats from coach to mentor and vice versa.www.YoungEntrepreneurSociety.com has great stuff related to your post. Thanks for the info