Changes to my One-on-One Mentor Programme

Due to capacity constraints I have to make some changes to my mentor programme.

As a result I have stopped taking enrolments recently to design the new programme and implement the necessary changes.

To understand the changes and help you decide whether this programme presents a good opportunity for you, I thought it would help to set out the structure and purpose of the programme.

I call it One-on-One because it is tailor-made in some crucial respects for every individual participant. Also, I provide you with an open door in terms of communication with me via email and Instant Messenger, Skype, telecon and even personal visits.

The structure of the programme

It consists of two parts.

The initial part of six months is more a "theoretical" phase during which I assist you to explore the intricacies of my 4X1 strategy and median trading methodology. My goal is to make you self-sufficient, able on your own to intelligently observe the market and manage your own 4X1 strategy. I take you through several steps to make sure you have all the basics right and then I also provide you with detailed insights in especially median trading within the 4X1 strategy context.

By the end of this phase you will understand median grid trading tactics, how to manage your money according to these principles and most importantly, you will see the market like never before and you will in most cases be able to do an adequate analysis to support your trading strategy. My experience is that most clients feel comfortable to open a live trading account (even if it is a small one) within three to four months. Those that already trade live and follow my suggestion of making a “clean break” before starting again will do so within two months.

The second part of the programme is a continuation of the one element that I have not mentioned yet - my Daily Briefings. My Daily Briefing is on the one hand an example of relational & real-time analysis of the market and provides assistance when you apply your own 4X1 trading strategy on a day to day basis. But it is much more than that. It is a structured continuation of the mentoring programme. Trading is not theoretical, the market is constantly in flux and things that were applicable yesterday don't apply today, or don't apply in the same way.

The Daily Briefing is an email message I send out around 06:00 GMT and it covers the immediate future in terms of what's cooking and what to look out for to understand the market better and to apply your own 4X1 trading strategy more effectively. It also alerts you to the hard-to-detect shifts in market sentiment which, but only if you know what to look for, helps you to understand price action and how to do your own relational analysis (relating price - time - events).

This second phase of the programme is subscription based and continues for as long as you pay the subscription (quarterly in advance). The one-on-one service is still applicable. You can still contact me and discuss whatever is on your mind. This is usually very structured because during the first phase I have provided you with a Median Trading Blueprint Template which you discuss with me and keep me posted with any updates and adjustments you make. For instance, you may decide to switch your "one currency". You will have your own good reasons and you will be able discuss it with me.

We become web-based friends and collegues and this is one of the reasons why I have decided to bring the current One-on-One programme to an end. There is a tipping point where it will not be possible to render the same service in the same effective manner to a contiuously growing group. I am close to that tipping point and I don't want to go beyond it.

This is what I plan for the future.

Mentoring-in-a-Box

I am confident that I have learnt enough during the last five years to be able to present the retail forex market with a training programme (call it a home / self-study course) that will go beyond anything currently available. My mentoring motto is the Jiddish saying: "Own your own brain". My programme measures up to this motto.

Yes, I plan to release as an "off-the-shelf" product the Phase 1 material of the mentor programme. You will be able to read BWILC and then get into the detail of the 4 X 1 strategy and median trading methodology - exactly like on the one-on-one mentor programme. The cost will not be prohibitive but it will reflect the fact that it is unique and special and will take you a long way to success.

The ongoing part of the mentor programme, namely a subscription to the Daily Briefing will complete the programme. After working through your self-study programme you will be able to subscribe to and receive the Daily Briefings. In fact, you will receive the Daily Briefings as part of your self-study programme, after a delay of about 4 weeks during which you have to do the basics first.

You see the one thing that I came to understand over the last number of years is that many people are initially very excited about trading and new things but it soon peter out. And I also know that theoretical training is severely limited. You need to take your time, have leisurely goals and take things in your stride, while institutionalizing it in your daily and weekly routine. Don't rush things. Marketing wizards want you to rush things because next month you must buy something else. If it is not a product by the marketing wizards themselves, it will be an affiliate product. You know what I am talking about - how many emails of the "latest and ultimate forex wonder product" have you received by now?

One of the biggest downfalls of novice traders is that they never learn to properly evaluate their experience and progress. They take a few weeks of experience with some system they bought or reviewed or heard about and then extrapolate that they have a successful consistent system (assuming they made some profits). Then more ofthen than not, this supposedly "successful, consistent" system turns on them and becomes rather "unsuccessful" and "inconsistent". But maybe the problem is the original evaluation. Was it ever successful and consistent? Can't be. You can't base future performance on past performance unless you have a very long time of past performance (multiple decades) and nothing in the strategy or approach must change. A few weeks can't give any reliable data to make any sort of "success" evaluation and novice traders tend to change most parameters all the time! A vital part of my programme is to assist you with objective evaluation of your progress and to stick to the basics, without changing any important parameters..

You can buy forever and get nowhere. I know the drill. I do it with Internet Marketing products. Even though I am not a compulsive buyer, I buy lots of stuff that doesn’t do much except take up space on my hard drive. There is a reason: I have not settled on a strategy and a course of action which I know I can trust. I don't (yet) own my own brain with respect to Internet Marketing.

You will own your own brain with respect to currency trading if you join my mentoring programme (while you still can) or if you chose the alternative option, Mentoring-in-a-Box plus Daily Briefing subscription. They are designed to set you free from the eternal loop of trying something new.

A recent wonderful testimonial

After about four to six weeks of the mentoring programme I ask my cleints to summarise the highlights of new insights and "AHA" moments they have had up to that stage from reading BWILC and the mentoring programme. Very recently I have received this response:

Wow, because this is my very first exposure to trading (I probably say this a million times already) my mental picture towards trading was blank. What I knew before was nothing to say I had any experiences with trading whatsoever. My break through insight for me is how the information in BWILC and the mentoring program is structured so that someone like me with zero experience is able to learn so much in such a short space of time.

When I discuss certain items with my wife and friends about the program they say I sound like I have been doing this for a long time. So my aha is how good the information is structured in BWILC and the mentoring exercises for such a complex subject that it allowed a complete beginner (myself) to get in and actually is enjoying the whole learning process.

I am very happy that I had a blank slate also, because it allows me to adapt without any mental fight. If I had experience before then I probably would have to unlearn a lot of things. I am glad I have the opportunity to have a skilled artist (Dr. Forex) paint on my canvas than a skilled artist trying to fix a tainted canvas. So that is my second aha.

There are a lot more aha that came as I start to understand more the concepts of 4x1, and median trading basics.

To summarize, everything I am learning now through BWILC and the mentoring program is setting my foundation for the future in trading. You can compare it to a child just beginning school. Whatever that child learns from then on will be a foundation for his/her future. As we know if the foundation on which you build on is weak so will everything else. That is why it is important for the child or trader to have a good solid foundation.

This client has set it as a goal to become a full-time professional trader and join my trading team.

Professional Trader Incubator Programme

From the very first days of DayForex I have included in my marketing materials the fact that I take a long-term view which includes becoming a professional currency money management firm. I have also indicated that it is my intention to develop a trading team from my mentoring client base.

I have now reached the point where this process needs to step up a gear. This is one of the main reasons why I have decided to stop the current one-on-one programme. I need to create capacity to focus on this trading team development and everything that goes with it.

Without resorting to any details I can say that the One-on-One mentoring programme, in a very intensive manner, will continue for a small group whose goal it is to join the ranks of service providers. It will be tough, with barriers to entry, but the rewards will more than compensate.

Find out more

To find out more about the mentoring programme, send an email to dayforex at gmail dot com