Leaderboard

THank you for posting the "Fake Guru " Article. A few ideas i hope move the ball. I think its productive to migrate away from the idea of a guru towards the idea of seeking out a good coach / mentor. A good coach / mentor is a teacher. Its a person there to listen with empathy and suggest techniques to improve. The worth of a mentor / teacher is measured by how well they help YOU improve as a trader; NOT to demonstrate that they themselves are good at trading. An example might be if you wanted to become a better basketball player. Would you like Micheal Jordan, one of the best to ever play the game, to be your coach, or Phil Jackson, a journeyman player but a master at getting the most out of his players by achieving a psychological edge? THe best teachers and coaches in the world are certainly competent in their profession but are far from the elite in their field. THe skill set for one doesnt have anything to do with the skill set for the other. In my work, I see Traders that use the trading results of the mentor as a litmus test to determine if a would be mentor / coach is worth listening to. THats why both posting results or not posting results are questioned. To them i ask, what do my trading results have to do with me helping you improve YOUR trading results? There are at least 1000 ways to make consistent money in the markets. how come so few people achieve LT success? 90% of trading failure stems from operator error rooted in the psychological, not for lack of a good system / trading strategy. Market Wizards have not mastered the markets, but rather, mastered themselves. THat is the true task of the aspiring trader. So get our the mirror and start working on your self. If you get stuck, search for someone who can help you power through the tough stuff.