The only reason for this imo is due to loneliness. If said teacher needs people, then get a wife or girlfriend/partner, that'll cure the person. Teaching strangers is like advertising to sell stuff on 'Buy, Sell&Exchange' web site. Lots of rubber neckers turning up, banging on door all hours of the day and night, parking on front lawn, running over plants, breaking retic, eyeing up house so come back to burgle, haggle down price then complain, bad mouth you to all and sundry. Yup, way to go.
You can buy 100 courses on trading and never understand the essence of trading. If you don't have the risk tolerance, understand odds(tail risk, sample size), and the importance of decision making, your library of books, CDs, and software is just wallpaper decoration. If I had to "start over," I would focus on books that teach: 1) building repetitive habits 2) Understand the essence of risk coming from people outside of trading. It could be venture capital, pilots, doctors, and other areas that explain how risk plays a role in their decision making. 3) Understand the odds and what leads to positive expectancy. The bottom line is that trading courses are not your first stop in becoming a trader. Your background and level of sophistication will have a different way of viewing the material and content. I'll never stop purchasing material related to markets and other areas. Although I read some testimonials, I typically ignore them. Some of the testimonials are from newcomers, and they view each new material like a caveman staring at a fire for the first time. Some of the negative comments come from some guys who have expectations that only the Messiah could fulfill.
Just wondering if you could open up and describe somewhat clearer for this reason? Repetive habits I agree with 100%. Once your profitable system is created and tuned, it's a matter of banging out repetively the same boring routine. When you mention "I'll never stop purchasing material related to markets and other areas" that tells me a trader is still searching for answers. Personally, the search should have ended, why attempt to hunt for and create a new method when the current model works more than adequately? I have zero interest in hunting a new strategy, the only research I do is to read up about current events. Reading trading books, back testing, attending trading courses or seminars, that's long dead and buried.
I read various books that add perspective and help me improve what I do better. Anything that has to be with productivity, habits, psychology helps me manage my business better and hopefully lead a more fulfilling life. When I read market books, it also helps me understand the new generation of traders and their needs. For example, recently, I read Traders of the New Era. One of the traders spoke about specific time management he uses, so I added that as a feature to my platform Optimus Flow. I avoid current events like the plague. It does nothing for personal growth. Copywriters, not reporters, are in charge of the news. Their job is to keep you on the page, work you up, make you comment things you would never say in real life, and then sell you as a stat to advertiser.
Absolutely right. I'm surprised that the trolls haven't crawled out of the woodwork to jump on this yet.
I would agree that most good medical schools hire instructors that have actual experience practicing medicine, and that they are good at it. Law school is a different matter. Many law professors have not actually practiced law for many, many years. And they may or may not have been good lawyers when they did. Most faculty at good law schools have a law degree from a very narrow set of Ivy League institutions or the University of Chicago. And many of them are excellent teachers. But in many classes, they teach theoretical concepts, and the students learn very little about how to actually practice law. That is learned in the first couple years after law school, when they actually go to work. And it is a common complaint at law firms that today's law school graduates do not know how to write. Most law schools, even the best, do a terrible job at teaching their students how to write motions and other legal papers that involve argument and reasoning. BMK