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Home arrow About Me
About Me
Written by Lance Beggs   

 

 Your Trading Coach 

 

 

 

 

 

I think the best way to introduce myself will be with a bit of Q&A:

Before we start though, it seems to be important in the world of trading to have a disclaimer. So please see the Disclaimer message ==> CLICK HERE.

1. Who am I?

  • Lance Beggs
  • Age: 40-ish
  • Living: In the tropical paradise of northern Queensland, Australia.
  • Occupation: Trader (full time), Aviation Safety (part time - just haven't completely let go of my previous career yet)

2. What markets do I trade?
  • Currently emini-futures (YM).

3. How do I trade?
  • Well, like all of us I think I've tried just about every strategy and indicator and timeframe over the years, before finally finding what works for me. The majority of my background has been in the forex market, however at the moment I am daytrading the emini-futures (YM) on the 3 and 1 minute charts. While I expect details of my strategy will be discussed in articles on this site, essentially it involves a number of setups based around a structure of major and minor support and resistance.

4. What is the purpose of this website?
  • Aren't you just sick and tired of some of the hype on the internet these days. "Buy my $97 system and you can be trading for a living by next week." Seriously, how ridiculous is that. And yet people keep falling for this over and over again - myself included - I've lost track of the number of systems & strategies and ebooks that I've purchased over the years that just weren't worth the time it took to open the file. And the number of 'multi-thousand dollar' seminars I attended before realising that the material covered is no different from what's available in a $30 book. (Actually, only two of these seminars for me - but that was two too many). THIS IS NOT THE WAY TO LEARN TO TRADE. Hopefully through this website I can help save someone else from taking this long detour on the road to trading success.
  • My aim with this website is to bring a bit of honesty and integrity back into the world of online trading education. Thankfully, I'm not alone in this regard, and so I look forward to promoting some of the other 'honest' resource sites & blogs.
  • The primary focus will be on the often neglected, but more important, parts of trading - business management, risk management, money management and trading psychology. I know, it's not as sexy as a 9/18 ema crossover, but it's MUCH more important.
  • Updates to this website will be as I have time available - kind of just a part time hobby at this stage. My priority is, and always will be, my own trading.
5. Am I currently taking on personal mentoring clients?
  • Not at the moment. It's just too time intensive to combine that with my trading, other business interests and family. I wouldn't want to provide you with less than 100% commitment. So for the time being, I've decided to play around with online mentoring via this website & maybe some videos or other products. (Yes, this is also time intensive, but I'm enjoying it & I can fit it in and around the other stuff).
  • At some point in the future I hope to phase out some other business interests. From then, who knows? Check back on the website regularly, because if I do decide to take on mentoring clients then that's where it'll be advertised.
  • However, if you have any questions about the content of my website, or anything at all about trading, please ask. Send an email via the 'Contact Me' page. I aim to answer all questions as quickly as possible (just not during trading hours).

6. Can you reproduce any 'www.yourtradingcoach.com' articles on your website?

  • Please send an email request to me via the 'Contact Me' page.

7. I know what many of you are thinking: "Ok, so if you're really a trader then why aren't you just trading? Why aren't you sitting on the beach in the Bahama's, sipping a Pina Colada, while trading from your laptop? You're really just in this for the money, aren't you."

  •  Yeah, right. I see this all the time in forums. Trading seems to be the only business in the world (that I know of) in which the public are totally sceptical of anyone who teaches, or shares their methods. Perhaps that is very much deserved, given all the rubbish and the hype that exists in the marketplace. It's unfortunate though. The fact is that there is some real quality information out there amongst the rubbish. Hopefully I can help provide some quality. Not all trading educators are a fake. Yes, I'm sure many are - I know a few educators personally and seriously doubt some of them trade. However there are others who do trade.
  • So why do I do this? Firstly, I enjoy teaching. In Aviation Safety, one of my primary roles is education. I enjoy it. I also consulted for another company a couple of years ago teaching options trading. I enjoyed it. So, it's quite natural now that I'm trading for myself that I'd want to also teach other people. Ok!!!!
  • And yes,  it does make me money. Well, at least that's the plan. I subscribe to the theory of multiple streams of income. I suggest you seriously research this topic as well. Trading should not be your only source of income. Build other income streams - both active and passive. (Maybe that's another topic for some future website articles.)

Happy trading,
Lance Beggs.

 



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Copyright Lance Beggs 2006-2009. All Rights Reserved.