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<p>[QUOTE=&quot;Kasia, post: 3160355, member: 31533&quot;]^^ now I don&#039;t have a mentor, but I try to use whoever I can to gain knowledge, and some of what I post is me trolling for info. I may not always look like I am learning, &#039;cause sometimes it takes time to get things through my thick head, but I do think I have learned some. Now, if I had a mentor or two years ago, I would be much further along. But great mentors don&#039;t appear all that easy. My advice if you are interested, go find a mentor. And be the best mentee you can be. Absorb knowledge, practice grading skills, practice looking for wear on coins, track markets, track what is really expensive and find the point in a series where a certain grade may not be the value holding point. A lot is subjective, as there are no books written that will give you all this.</p><p><br /></p><p>Be prepared to get out of your holdings that you feel don&#039;t meet any of your &#039;new&#039; standards at any time. Be ruthless... your money is better spent on better choices.</p><p><br /></p><p>My thing I have been working on is finding the price point of a coin I might acquire and trying to determine the lowest grade that I can be confident that would sell easily for the same, given that some collectors would desire it as a piece or upgrade. Although the advice is to not get into the upgrade game, many collectors will upgrade a coin when and if they can. It takes too much self discipline to not do that, and I have seen many tell others they plan to do that (because they are applying future earnings to their today wants, meaning that instead of allowing a &#039;hole&#039; to remain unfilled, they fill it with the most they can afford, or even less than they can, because they &#039;plan&#039; to upgrade later).</p><p><br /></p><p>One of the best examples I can give in buying the best you can, even if you have to go without other things for awhile or are able to put something else off is good shoes. Take any man or woman who works, they have to have comfortable and durable shoes. But really good ones that will last years are generally more expensive, and when you go get shoes especially if you are not well off, you go buy ones that look ok, and look sturdy, but they are cheap. Really good shoes cost (in this example) about two or three times as much so you don&#039;t buy them. You are saving money. But 9-10 months or a year in, your cheaper shoes are falling apart, so you do the same thing. Once you do that for or more times and then realize you have, over time, spent twice or more the money you would have if you had bought quality in the first place, you start realizing how much better off you will be in time if you try not to do that whenever you can.</p><p><br /></p><p>So my advice is to stop buying coins you will not be proud to own years from now. I can&#039;t say I have taken this advice myself, but I am trying to make the changes necessary to accomplish this.</p><p><br /></p><p>Another thing is Objective, Strategy, Tactics.</p><p><br /></p><p>Define your objective, develop the strategy to accomplish it, and then apply the tactics needed.[/QUOTE]</p><p><br /></p>

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