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Everyday is a learning opportunity.
And the more I learn, the less I realize I know.
There are thousands of great traders in the history of the markets, and they have written hundreds of books. Most edges are very simple. So they must speak or write in code to mystify their work, basically make it sound more complicated and important.
The trick is not to be a groupie/graduate student. To become successful, you need to quickly extract what is the key ingredient that makes his edge, and filter out all the bullcrap. You need to first identify if the person is even successful, or is he just another marketing guru/demo jockey.
It is very very rare to find a great trader that is willing to discuss his systems with you clearly. There are a few around. And I know at least one, so you have to keep your eyes and mind open. That's when you need to study and gain as much knowledge as possible. These traders are more willing to give away their edge because of their age and that they have made their fortune in the markets already.
__________________
aka jbfx
Last edited by Kenny Rogers; 01-11-2009 at 06:44 PM.
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