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 Welcome to the newly
updated Mentorship Page
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As this program
has 'aged' and I've gained quite a bit of experience with it, I've increasingly
been recognizing the need to revise and update the description and overall
'attitude' of the program. When I first began the program I wanted to attract
only the hardest working students, the most serious of the serious. The only
way to do this that I could think of was to make the program sound as difficult
and intimidating as I could.
Perhaps there were better ways to accomplish my goals
there, but I couldn't think of them at the time. I think I succeeded quite well
in weeding out all the candidates who thought they could learn to be
super-traders in a weekend, but I think I also weeded out a lot of potentially
great candidates. I started to realize this, and attempted to 'cure' this a bit
with the Kane Trading Course. The problem is, although this course option was a
lot more structured, I still kept the intimidating overtone to my one-on-one
work.
As
the Kane Trading project has evolved, and especially with the freeing up of
time with the discontinuation of the Kane Trading members' section (February 1,
2006), I have decided to focus my attention much more strongly on the
mentorship program. This is the area of the project that I get the most
personal satisfaction from, especially from a standpoint of reward to time
invested. The comments I get back from students are the motivating factor for
me, as well as the potential lifelong relationships that seem to develop from
the program.
I have decided to make the necessary changes to make this program
much more 'user-friendly'. That's not to say I won't still hold the same high
standard 'entry requirements' as before, as I will. And that's not to say I
plan to take on notably more students, as I am not planning on that, either. I
will remain in the 4-6 per year range. What will be different is the
intimidation factor. I want to welcome anyone who is willing to work hard. I
will carry the ball throughout the training program, and all that I ask is that
you read the books prior to the start of the one-on-one sessions.
Instead of
rehashing the old description of the program I will just start fresh here and
describe how it works. The program is designed for anyone who feels the Kane
Trading methodology fits his or her personality and style for trading. It is a
very flexible methodology, with a lot of room for individual adjustment and
tailoring. And although there is what I consider a very solid core approach in
the methodology, what I am really trying to teach is how to develop one's own
'Trading Plan', from top to bottom. I show my approach, and explain exactly why
I do each and every step, and explain how to create variations on that so
individual plans can be created, suited to each individual.
I put a lot of
emphasis on unique development of a 'Trading Plan', and not on a rigid
application of the principals I have developed for me. Each student's journey
in trading is a unique one, and each plan is unique. I recognize that and work
from that perspective. Each mentorship experience is adaptive to the individual
student's abilities, needs, and trading 'personality'. I feel my experience in
teaching this methodology and in teaching about formulating a 'Trading Plan',
as well as my past experience as a classroom teacher, puts me in a good
position to be able to adapt to the specific needs of each individual
student.
Based on my work with this program over the several years I have
run it before this update and revision, I have discovered a few things that are
of importance. The program consists of twenty-four hours of one-on-one time
with Jim. I used to do this as three eight-hour days. I have found that this is
just too much information for almost everyone to absorb in one shot. I have
since experimented with splitting this up into two sessions, each with two
six-hour days, equaling the same twenty-four hours. I usually space these two
two-day sessions six to eight weeks apart. Here's what I discovered.
The student could
attend the first get-together and work with me and get a lot of solid ideas.
Questions that were already on hand could be addressed, as well as new ones as
we progressed. Now, here comes the key aspect. The student leaves with the
ideas, hopefully not too overloaded, as may be the case with three full
eight-hour days. He or she can then start to work with the material. Phone
support can be used during this time. Then the student returns, this time with
experience working with the material, as shown by me one-on-one. This next
session tends to be a lot more fruitful.
Overall, I have found this approach a lot
more productive, and less exhausting to me. I tend to give everything I have in
these sessions, and three full days is actually quite a bit for me, too. Sure,
I could just not give as much, but I am a 'give 110% in everything I do' type
of person. Now, this approach does require two trips, but the relatively
nominal extra cost is well worth it, based on my experience. I could still do
the program in one trip if that is mandatory for the student (such as an
overseas student), but we would do it in four six-hour days.
The remote support
(formerly called 'phone support', see *** note at page bottom) is a big part of
this package. Many mentorship programs have phone/remote support, but it is
'token' at best. This is 'hard-core' remote support. It amounts to up to
twenty-six hours of support, which is figured based on up to one hour per week
for six months. The six-month period starts at the time of the first meeting,
although some students request that it start before that so they can ask
preparatory questions. A time is arranged and I have the student call me. That
puts the onus on the student, which I feel is best for the learning
experience.
The student can request reasonable variations on this, and if I can
accommodate the requests I will. For example, one student wanted to do two-hour
sessions every other week. Another wanted to send chartwork and have me write
comments and such and use some of the hours for that. Another wanted to use
some time having me put together various papers on certain topics, with chart
examples. I am flexible as far as how the time is used. I will generally do
whatever works best for the individual student, as long as it is
reasonable.
Another resource that is now included in the mentorship program is
access to the archives of the Kane Trading members' commentary. This is a full
year of daily commentary, which includes over 1,350 charts, each with comments
and explanations of the most advanced aspects of the methodology, in over 250
posts. This is an invaluable resource in my opinion. This bonus commentary to
study (and copy for personal use, if desired) adds a tremendous amount of
valuable material to the program.
The program will cover all aspects of the Kane Trading
methodology, from formation of the potential trade area (PTA) using Fibonacci
numbers (especially my uniquely derived numbers), ABCD patterns (especially my
uniquely developed variations), and median line work (also my own unique
techniques), to entry techniques, 'context' and filtering, synergy, trade
management, trailing stops, multiple timeframe use, and many other aspects of
the work. (Don't worry if you are not extremely familiar with Fibonacci
numbers, and don't feel that you have to be a math wizard to be able to do the
mentorship. I adjust the training to whatever level the student is at.)
I have found this
methodology to be 'fractal' (it applies to all timeframes from tick charts to
monthly charts) and applicable to any liquid issue, from the mini's to stocks,
treasuries, metals, energy, FOREX, grains, whatever market, as long as it is
liquid on the traded timeframe. I can work with a student on whatever issue(s)
and timeframe(s) he or she desires. I consider the flexibility of the
methodology as one of its biggest positives. I discuss the concepts of trading
as a business, and how being too dependent on one setup or one indicator, as
many 'Trading Plans' are, may not be a wise business decision.
The program cost is
as follows. I will also offer additional remote support in ten-hour blocks. The
additional support can be used by ongoing students who want continuing support
(for stand alone support see the Remote
Support page).
- Mentorship with four six-hour
one-on-one sessions with Jim (normally done in two separate two-day
get-togethers), six months of remote support (up to one hour per week), and
access to the members' archive, priced at $5,999.95.
- Additional 10-hour blocks of remote
support, priced at $1,149.95.
Please contact Jim if you want to sign up
for the program, or if you have additional questions.
There are a few terms specific to
this program:
Payment must be made in advance in the form of a wire transfer to
my bank account for the full amount. I cannot accept cashier's checks, credit
union checks, money orders, credit cards, PayPal, or any other form of payment
for this program.
We will meet and work at a specific Washington state resort/inn
located right in the old growth rain forest (students must pay for their
lodging there, their plane fare, etc.). I have chosen this location as part of
my new 'lifestyle change'. Although it is less 'professional' and sterile than
a business hotel (like I used to work at in Tucson), it is an incredible
vacation spot. Click here for a more
detailed description of the changes in the location and accommodations, the
reasons behind the changes, and of the area itself. Sessions will be held on
the weekend.
The student must bring his or her computer, preferably a laptop,
and a separate mouse and mouse pad. I will bring an extra 19" flat panel
monitor and we will set it up to act as a second screen (not a mirror of the
primary screen, so you must confirm this can be done on your computer). QCharts
basic version 6 must be installed and tested, as I require this program for
teaching. Don't worry if you do not know how to use it when you arrive, as I
will do most of the 'driving' to start and you can see how it works (it is very
user-friendly). You will also be required to install a small utility program
that works with QCharts, and confirm that it is operational, before we meet.
Instructions for this will be given once payment is made.
There will be a 25%
cancellation fee. Cancellations made within 7 days before our first scheduled
meeting time (or once any support or services have been used, such as remote
support or archive access) will forfeit the entire cost of the program. Hotel
costs, plane fares, rental cars, food, and any other related travel expenses
are the responsibility of the student. The program costs are for the one-on-one
sessions, the follow up remote/phone/e-mail support (if applicable), and the
members' archive access.
At no time will any specific trade recommendations be
made or discussed. This mentorship program is purely educational. Additionally,
no performance claims of any kind will be made about any trading.
***
Please note: 'Phone support' has become
a bit of a misnomer, because although I do talk on the phone with my students
as we work, we use GoToMyPC (the student will be required to have an account
with them) so I can see the student's screen, and I can then work right there,
or highlight and explain things, and such, while we talk. It would, perhaps, be
more aptly called 'remote support work' instead of 'phone support', hence I
have changed the name to 'remote support'.
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