1. What is the purpose of an Institute Trader Mentoring Programme?
The purpose of an Institute Trader Mentoring Program is simple. By joining the Mentoring Program, you will become an Institute Trader by default. Any person that wants to become an Institute Trader must complete the Institutes Professional Trading Masterclass (PTM) Video Series at a minimum in order to be eligible. Please see the FAQ documents Institute Online Educational Courses, Becoming an Institute Trader and Institute Trader Benefits – You should also view our Student Progression Chart prior to reading this FAQ document. You will get to know a lot more about how the Institute works and where and how Mentoring Programs fit in.
The main purpose of a Mentoring Program is to help you implement what you have learnt in the IPLT, PTM and POTM Video Series with real money in the financial markets. Once you have passed your PTM Examination you are eligible to become an Institute Trader.
You are then faced with three choices;-
i) Do Not Choose Institute
Don’t Become an Institute Trader
You can implement what you have learnt from any ITPM Online Video Series program with real money elsewhere, using any good brokerage platform in the world. We do not mind you doing this. The Institutes educational programs can be taken by anybody in the world online and each course has an online transactional value. However, if you want to join a highly educated global community of traders and have access to the Institutes community you must become an Institute Trader by opening your trading account with one of the Institutes contracted Brokers so we can see everything you are doing on a read only basis and manage your track record for you.
ii) Choose Institute – Self Implementation
Become an Institute Trader via Self Implementation.
Become an Institute Trader and implement what you have learnt in the IPLT, PTM, POTM and PFTM Video Series yourself within the Institute infrastructure. By doing this you will open your trading account with one of the Institutes contracted Brokers that the Institute uses themselves. You fund your trading account yourself and by doing so you will give the Institute “Read Only” access to your account. This means the Institute has no authority to trade your money. All we can do is see your account / portfolio and your P/L becomes part of the overall Institute Community statistics. Therefore our incentives are aligned. We want you to do well and make money because if you lose money you will contribute negatively to our statistics and if you make money you will contribute positively to our statistics.
By becoming an Institute Trader and self-implementing, you will be given two main support resources. Firstly, you will receive back-end Read Only support. If you begin to trade in a non-profitable way or get into bad habits, our traders will contact you and initiate an “intervention.” Do not mistake this with the Institute becoming a “support desk” to your trading. The Institute receives no ongoing payments / commissions from your trading activity therefore we do not provide you with a generalist educational “helpdesk” or “support desk” by which whenever you have a question relating to our education or your trades you can ask us for advice. The Institute simply does not work like that. We will intervene if we see you doing things in your trading account that equate to dangerous activity in order to protect you from yourself and protect overall Institute profitability. This means you can continue to trade in the financial markets with the comfort of knowing that if you do things that you shouldn’t be doing, you have real Professional Traders behind you (with no conflict of interest) that will initiate an “intervention” if you start to step outside of the realms of sensibility when trading as a beginner Institute Trader. In terms of “support” the Institute will provide you with this intervention support, ongoing platform support and track record management support.
For more information on becoming a self-implementing Institute Trader see the FAQ’s document Institute Trader Benefits.
iii) Choose Institute – Mentoring Implementation
Become an Institute Trader via Mentoring Implementation
The premium choice at the Institute after passing your exam, is to become an Institute Trader and initially be Mentored by one of the Institutes Senior Trading Mentors in the first 3 Months of implementing what you have learnt in the IPLT, PTM and POTM Video Series’. You will spend 3 Months being taught on a remote basis by one of the best traders in the world of the last 25 years over Skype / Zoom.
What is the purpose of this? It is to get you off to the best start possible by literally showing you step by step how to implement what you have learnt in the IPLT, PTM and POTM Video Series with real money in a live trading account. Differing people have differing circumstances and abilities. If you believe after taking the IPLT, PTM and POTM Video Series, that you can self-implement successfully that is fine. However, many people need a helping hand in the early stages of implementation. This can be for numerous reasons however it can simply be a case of time management i.e. having to work in a full time job for 35+ hours per week or even down to ability and confidence. The Institutes Mentoring Programs are designed to help shortcut you to effective implementation and to give you the ability and confidence to do everything yourself and be self-reliant as a trader. The entire purpose of a Mentoring Program is so that when you complete your program you can confidently do everything for yourself and not have to rely on anyone in the financial markets to stay profitable for the rest of your life.
Please Note: If you choose to self-implement for several months then want to pursue a Trader Mentoring Program, you can easily “Upgrade” to a Three-Month Mentoring Program. To do so you must send us a message via the Mentoring Application form that corresponds to the Mentor that you would like to coach you via the Institute Website https://itpm.com/mentoring/
2. Who are the Institutes Trading Mentors?
You can read the Resumes / Bio’s of each of our Senior Trading Mentors and APPLY for the Mentor you want.
All ITPM Mentors Information can be found here https://itpm.com/mentoring/
3. What is the schedule of an Institute Trader Mentoring Programme?
i) High Quality Trade Idea Generation
On each call your Mentor will go through your Trade Ideas with you, discussing the benefits of both Long and Short ideas across multiple asset classes. In the first stage of your program you will be shown how to effectively generate a continuous stream of high quality Trade Ideas so you learn to become self-reliant. You will be shown simple and effective techniques that apply to all markets at all times in order to generate high quality trade ideas successfully. The self-reliance principle is a principle that continues throughout the program, so when you finish your program you do not need to rely on the Mentor themselves or anyone else in the financial markets for trade idea generation and everything else that is necessary to become a successful trader. An effective Mentor / Teacher is one that teaches their student how to do things for themselves, so they can do it forever for themselves.
ii) Portfolio Construction
As your program continues your Mentor will also show you how to construct effective Long / Short portfolio’s. Portfolio Construction in practice can be very different from theory. This is because there are real time multiple dynamics at play and the financial markets are moving everyday according to short term, medium term and long term news flow and expectations. A winning portfolio is not just a collection of great Long and Short ideas. Even good ideas must be timed well and constructed as part of an overall portfolio that works for the trader, not the other way around. Correlation will also play a major role when constructing portfolios and your Senior Trading Mentor will show you how to balance all of these dynamics when building your Long / Short portfolio so you can do this yourself successfully over the long term. There will also be a specific focus on Equity Options Trade Structures and Long / Short Equities Options Portfolio construction for higher ROI and more efficient / optimal trading.
iii) Risk Management / Staying In Motion
As you are building your live portfolio you will also be required to manage risk. You will be shown how to effectively manage the risk in your portfolio when there is movement in the market and in the profitability / loss of individual positions, themes and in the overall portfolio. Your Mentor will also be showing you how to run your trading account as a business and to hit performance metrics on a regular basis whilst at the same time how to manage risk properly. This is all done on a probabilistic analysis of actions taken on positions at certain times. We refer to this in trading as “Staying in Motion.” This is a discipline that can never every be taught in a Video Series and is an entire new discipline in itself. Much discussion will also centre on current and future news, trends and expectations and how to best position and manage risk going forward. You will be taking actions on positions and “staying in motion” based on expected news flow.
The Professional Trader approach is very much a multi-dimensional / flexible approach and implementing it successfully can take time. No one Trader Mentoring Program can be exactly the same due to changes in market conditions over time, however all participants of the 3 Month Mentoring Programs walk away knowing how to constantly provide themselves with high quality trade ideas, construct effective Long / Short portfolios across asset classes and manage the risk of those portfolio’s effectively by staying in motion so they can be a self-reliant trader moving forward and become a valuable asset to the Institute Community.
You will learn how to do all of this with real money in live financial markets on a remote basis with screen sharing over a 3 Month (12 week) period via Skype conference.
4. How much time per week do I need to dedicate to an Institute Trader Mentoring Program?
5. Do I have to be located in a particular place / geography to complete an Institute Trader Mentoring Program?
A participant on an Institute Mentoring Program (the Mentee) must be an Institute Trader, meaning that the Institutes Senior Trading Mentors can see their positions / portfolio in real time so they can properly discuss those positions and the portfolio at large. With Skype, Zoom and TeamViewer software’s available and the Institutes global brokerage reach and infrastructure, a Mentee can be located anywhere in the World as long as they have an internet connection.
6. How much does an Institute Trader Mentoring Program Cost?
All participants in a 3 Month Trader Mentoring Program receive the following resources and coaching; –
- 12 Months Access to IPLT Video Series = $1,299 Value
- 12 Months Access to PTM Video Series = $3,499 Value
- 12 Months Access to PFTM Video Series = $2,999 Value
- 12 Months Access to PFTM Video Series = $2,999 Value
- 12 Months Data Access to Institute Data = $999 Value
- Total value $11,795 + 12 weeks Mentoring with chosen Institute Mentor dependent on availability.
- Institute Trader with Institute Trading Account Access including all Institute Trader benefits
You have two choices in applying and booking a 3-Month Trader Mentoring Program. Firstly, you can either purchase any of the ITPM Online Video Series programs before you book your program and then “upgrade” to a Mentoring Program at a later date or …, Secondly, you can apply, book and pay for your Mentoring Program all upfront and get access to all our Video and Data resources immediately as part of your Program.
i) Complete ITPM Online Video Series Program(s) first
You can choose to complete ITPM Online Video Series programs first, pass your exam(s) and then apply for your Trader Mentoring Program via the Institute website at the following URL https://itpm.com/mentoring/ – We will first check our database to see which Online Video Series program(s) you have completed and which exams if any you have passed. We will then contact you within seven working days to schedule a telephone call. You will be told all of the details of the Trader Mentoring Program on this call and you will be expected to pay for you Mentoring Program at a discounted rate according to the ITPM upgrade formula for students that have taken ITPM Online Video Series programs previously.
ii) Apply, Book and Pay Upfront
Apply for your Mentoring Program via the Institute website; –
Due to the restricted capacity that each ITPM Mentor has each financial quarter this is a very popular option as students can secure their Mentoring Program start date and whilst waiting for your Mentoring Program to start, you can complete each Video Series.’ You just need to let us know in your application that you want to book your Mentoring Program in advance and to reserve your place. After paying for your Mentoring Program in advance, we will then grant you 12 Months Access to all of our Online Video Series Programs. To proceed onto the Trader Mentoring Program, we will expect you to complete the IPLT, POTM and PTM Video Series’ and pass your exams.
The advantage of choosing this approach is guaranteed less waiting time for your Mentoring Program to start and complete. This option is essentially the Institutes Premium Fast Track Option to consuming all of the Institutes Resources and jumping the queue for a Mentoring Program.
Please Note the booking lead time for Trader Mentoring Programs is between 4-12 weeks. If you intend to proceed onto a Trader Mentoring Program you must book your program at the latest 4 weeks in advance. Your program will be scheduled as 4 weeks minimum preparation and 12 weeks One to One Mentoring trading live with real Money with an ITPM Trading Mentor.
7. Can I purchase a Mentoring Program upfront before taking the Professional Trading Masterclass (PTM) Video Series and becoming an Institute Trader?
8. Why do I have to pay for my Mentoring Program before the program starts? Can a Mentor train me how to implement the educational material successfully and then we work on a profit share?
Demand for Institute Trader Mentoring Programs is very high. We perpetually have a 4-12 week waiting list for anyone that wants to undertake a Mentoring Program and everyone on the Mentoring Program waiting list pays upfront for their program. We are sometimes asked by people if we can complete Mentoring Programs on a “profit share basis” and the answer to this question is simple. No! We do not offer Mentoring Programs on a profit share basis. This is for two main reasons;-
i) Value of Time
All of the Institutes Senior Trading Mentors are at the highest levels of their profession and their time is valuable. If they are on the phone teaching people it means they are not concentrating on their own Trading Accounts / Portfolios. Profit sharing based Mentoring Programs do not work with high value traders because the value of their own portfolios is significantly higher than that of the Mentee. Therefore it can end up costing the Mentor money in order to spend time on the phone and time off the phone going through all of the Mentee’s work and teaching them how to implement the Institutes education with real money. We therefore need commitment upfront. If you are offered a profit-sharing Mentoring Program by someone who claims to be a Professional Trader this should raise alarm bells with you for this very reason. It probably means they either do not have their own portfolio or the value of their portfolio is less than yours.
There are too many variables from the outset of a Trader Mentoring Program at play. For example, we cannot measure the success of the program from the outset i.e. we cannot measure with 100% accuracy the future opportunities in the financial markets to make money. Opportunities can be erratic throughout the year. Therefore someone booking a Three Month Trader Mentoring Program with the Institute may experience less opportunities to make money during their program than someone else in another time of the year or even another year altogether. This means the value of the Senior Trading Mentors time dedicated to the program over 3 Months (12 weeks) becomes dependent on financial market conditions. We cannot guarantee opportunities and we cannot guarantee profitability. If you want guaranteed profits you can buy a 10 year US Treasury. On a Mentoring Program at the Institute we are trading financial markets assets such as Equities, Equity Options, FOREX, Commodities and Interest Rate products on a leveraged basis. We take more risk for a potentially higher return, but we cannot guarantee profit or return as this is dependent on opportunities and volatility at the time of a program. This combined with the expense and the opportunity cost of the Senior Trading Mentors time, means we need an upfront commitment so that we can commit our time and energies to a fully tailored programme.
Additionally, we cannot forecast with accuracy how committed someone is to a Mentoring Programme. A lot of people think they like the idea of a 3 Month Trader Mentoring Program that involves trading their real money in the financial markets with an experienced trader alongside them, then half way through a program (even if they are making money) they can decide that the program is not for them and that the realities of live trading and portfolio management with real money is different from the perception that they had at the outset. That person can then disappear and the Mentor is left having dedicated a lot of time to that person in the program for nothing. At the Institute we are constantly searching for talented Retail Traders and in this case we do not achieve our goals. The mechanism of an upfront payment is also a hedge against flaky and uncommitted individuals.
An Institute Trader Mentoring Program requires an upfront fee so that we know the student is 100% committed to the program from the outset AND so that the Senior Trading Mentor is also 100% committed, because they know from the outset that it is worth giving up their time and earnings potential in their own portfolio’s to dedicate to teaching someone how to best implement the Institutes educational programs with real money. A Mentoring Program is a dual (two way) commitment.
9. I’ve heard about the Institutes Trader Mentoring Program that includes vacation learning as part of the program. What is involved in this programme?
These programs occur throughout the year and involve One to One (Face to Face) Mentoring in a Classroom setting in Phuket Thailand.
You can see a video sample of the ITPM Thailand Vacation Program by going to the following link; –
Tearing Down the Retail Trading Industry – https://www.youtube.com/watch?v=t_jCCnr85pc
10. If I purchase a 3 Month Mentoring Program and I am not happy with it, what is the refund policy of a Trader Mentoring Program?
By booking and paying for your program you have officially blocked out the Mentors diary for the entirety of the program and therefore by default have made the Senior Trading Mentor commit this time to your Mentoring Program in their diary. This means they can now not Mentor someone else within the capacity they have. The Mentor and the Institute therefore loses that opportunity if you then decide to cancel your Mentoring Program before officially starting and / or cancelling your Mentoring Programme when you are only a few weeks into the schedule. Therefore our refund policy below must be strictly enforced. Our refund policy is outlined in more detail below.
3 Month Trader Mentoring Program – Refund Policy
Once you have booked and paid for your Trader Mentoring Program, a cancellation or refund request is not eligible for a 100% refund. A maximum 25% refund can be applied if you request a refund within the 21-day eligibility period, then the reason you give for a refund request will be assessed thoroughly and discretion from management may be used to determine whether your reasoning qualifies you for a refund at all.
By booking and paying for your program you have officially blocked out the Mentors diary for the entirety of the program and therefore by default have made the Senior Trading Mentor commit this time to your Mentoring Program in their diary. This means they can now not Mentor someone else within the capacity they have. The Mentor and the Institute therefore loses that opportunity if you then decide to cancel your Mentoring Program before officially starting and / or cancelling your Mentoring Program when you are only a few weeks into the schedule. Therefore, our refund policy below must be strictly enforced.
11. How do I find out more details about Institute Mentoring Programs?
Mentoring Programme Application Link – https://itpm.com/trader-mentoring/
Institute Contact Form – https://itpm.com/contact/