About Trading Coach Directory
The Trading Coach directory provides a list of coaches that can coach or mentor you in trading the markets. Most coaches offer coaching via phone, email or internet and may travel to see clients. Please note that this directory is provided for informational purposes only. It is not providing advice or specific recommendations to use a particular coach or service. To learn more about trading coaching, click here.
Interview with Jon Levine
Could you tell us a little about yourself?
I am a
full time Forex trader and Trading Mentor.
I live in the
How did you get started trading?
After 17
years in the corporate world in IT, my company was transferring me all over the
states every two years to open and manage new computer rooms. At the same time my interest grew about the
markets. Eventually I left the company to trade for myself.
How long have you been trading now?
18 years
now.
What do you like best about trading?
Developing
a trading system and watching that system work consistently. The freedom that trading allows, and how
trading helps you improve yourself as a trader and as a person.
What markets do you trade?
Currently
Forex only. I started years ago with
stocks, options, and futures.
What style of trading do you use?
I trade
technicals while keeping an eye on major news events. Mainly I watch support and resistance levels,
volatility of the market, and use market patterns to enter and exit.
What have been the biggest influences on your development as a trader?
Learning
about myself by analyzing all trades. You learn most from the losers. Trying to
improve the emotional/mental obstacles that keep me from trading at my best.
What is the one biggest lesson that you have learnt since starting trading?
To trust
yourself and your system. Not being
influenced by anyone else’s opinions.
About Your Trading Coaching
How did you get interested in coaching other traders?
At a
certain time in my life I felt like I wanted to give back to the trading
community. I was seeing many Forex scams
in the market. I vowed to start a
program based on integrity and honesty.
Do you focus on coaching of one particular area of trading, e.g. risk management / psychology or finding trades?
You
cannot coach one area of trading and be successful. In order to be a successful
trader a person has to work on it from a mental, physical, emotional, and
intellectual standpoint. That, along
with a proven trading system and good money management is the basis of a Forex
trading career.
How do you work together with your clients? E.g. phone / email / screen sharing?
I offer three different mentoring courses, which are three months
in duration. The students learn the trading system before mentoring starts.
Then I email detailed charts to them at the end of each trading
day. The charts explain in detail why a
trade should or shouldn't be taken and why per the rules. Students review
his chart with theirs to determine their daily trading progress.
Within a month most students are taking the same trades as me. I also now have a live trading group that I offer run by a senior trader which is offered free of charge.
What sort of results do your clients get after coaching with you?
My goal
is to teach students to be independent Forex traders. The results they get are entirely based on
how hard they want to work to be successful in this business, just like any
other business. Some have become millionaires and some barely make it. It’s all
based on their psychology and beliefs.
What is the most satisfying part of coaching traders?
I’ve
received hundreds of comments and feedback from students thanking me for
changing their lives for the better.
What is the biggest but most easily fixed mistake that you see traders make?
Not being
patient and waiting for the correct setup.
Exiting trades too early or entering too late.
Do you recommend journals or other record keeping as an important part of trading?
Do you
recommend journals or other record keeping as an important part of trading?
Yes. It
is important for traders to log the trades and the reason for the trade working
or not. They need to know if any emotions caused them to trade wrong. They also
need to know what they did right. Each
week I ask them to review their log. Once they do, they will start to see
patterns in their behavior that they have not seen before. With that knowledge
they can begin to improve those behaviors.
What are the most common issues that you see in your clients that prevent them from becoming better traders?
Fear and
greed. Many start out with the
expectation that Forex is easy and a lottery ticket. It isn’t. It’s a job, a business, and a skill that
needs to be learned and honed over time.
General Advice
What advice would you give traders who are just starting out?
What 3 books do you recommend traders read?
"The Disciplined
Trader" by Mark Douglas. (Hardcover – 1996)
“ The Daily Trading Coach: 101
Lessons for Becoming Your Own Trading Psychologist”
Brett N. Steenbarger (Hardcover -
“Reminiscences of a Stock Operator” by Edwin Lefevre. (A
classic)