It is easier to make money if you start with a good mentor: but mentors that make millions on their own and they do still accept to teach are really few in the industry. Much common to find a good system since an algo can easily be duplicated and sold. But when you talk with the TRADERS’ CUP winners you understand that in the end there is also an hope for the average Joe: maybe you will not make a fortune but you can still learn how to make money.
We organize in Italy and in many other European countries since 1999 the TRADERS’ CUP, that is a real money real trading competition that in 2015 will reach its 17th edition (www.traders-cup.it) and it will sponsored also by TRADERS’ MAG UK. I audited more than 5000 accounts of traders coming from UK, Germany, Switzerland, France, Spain and Italy. Out of this competition some of the most famous traders around met the glory that they deserved like Achille Capecce that made dozen of millions in trading or the latest winner who is Giuseppe Minnicelli that in 35 trading days transformed a 5.000 euro account in an almost 55.000 euro account trading mostly Italian and French biotechnology stocks. When you are facing such successful traders first thing you think is if trading skill is transferable and this is logic since you too you want to make millions. First thing you realize when you talk with a top trader is that you will never be like him since what you lack is focus. A top trader is a real money making machine, very seldom you find people, like for example Giuseppe Minnicelli, that have a higher bright education and a real grasp of what counts in finance and in life. Giuseppe Minnicelli is also a part time painter and his trading room is filled by his masterpieces. But average successful trader are a pain in the neck if you talk with them about life, arts or politics. Second thing you realize is that in the long run success depends also from a team work: successful traders tend to meet and form a group for obvious scale economies you have in trading together with other successful traders. If you are lucky and you enter such a group you can make good money, even if it is rare you will become a top trader. So good news is that you can learn, bad news is that you will not learn everything because in the end there is nothing to learn. If you were born to be a top trader you already would be a top trader and you would not be hovering around looking for a mentor. So a trading competition like TRADERS’ CUP convey an interesting message: you can make money for sure, the amount of that will depend you your focus and skills. But in the end you can. It is why we invite you to join our next edition of the TRADERS’ CUP that will also have an English standing for English traders. Competition will start in May 2015 and end in October 2015, award-giving will be at the Milan Stock Exchange in late October 2015. Good luck ! Either as a mentor or as a student you need to see how real trading is in the biggest European real money competition.