The job of a manager, like that of a teacher, is to inspire people to be better. Give them better technical skills, make them winners, make them better people, and they can go anywhere in life. sir alex fergusion A great teacher and a manager https://hbr.org/2013/10/fergusons-formula
https://www.elitetrader.com/et/thre...why-al-brooks-is-impossible-to-follow.263072/ Different people have different beliefs of their competence /incompetence
In trading the dumb (95%) educate the dumber https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=95+of+traders+fail
Dunning Kruger traders process their beliefs , INFORMATION , BIASES AND PSYCHE IN REAL TIME.They have no idea about real trading , but they think they know it all. At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors. We have a lot of biases that enter into trading decisions. Consider the trading rules that work: 1) follow the trend; 2) let your profits run; 3) cut your losses short; and 4) manage your money (i.e. risk) so you can stay in the game. If you design something around following those rules, you'll make a lot of money. This all about Trading Psychology. A trader is his own worst enemy ,the enemy is within , because the odds are against the trader .Most humans are not capable of being rational and behave rationally in trading , with the negative edge ,with losing emotions , stress , trend chop outs , psyche , losing sequences/ drawdowns and winning periods https://www.elitetrader.com/et/threads/dunning-kruger-traders.303402/#post-4341650 https://www.elitetrader.com/et/threads/winners-versus-losers.303364/ https://www.elitetrader.com/et/thre...-processing-information-about-a-trade.303149/ https://www.elitetrader.com/et/threads/traders-trade-emotions-they-dont-trade-methods.303238/ https://www.elitetrader.com/et/threads/trading-with-emotional-intelligence-than-emotionless.299723/ study stress responses , dealing with uncertainty ,the need to be right https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=stress+responses https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=the need to be right
You have TOTALLY missed the meaning of the "Dunning Kruger" effect. Which should lead a normal, rationally functioning person to the realization that they might be suffering from it themselves but sadly that wont be the case for those that genuinely suffer on the low functional side because the "Dunning Kruger" effect explains that those that suffer from it DON'T have the necessary skills to self asses that they themselves suffer from it.