Definitely there are natural born talents... someone who happened to have his skillsets developed all his life lined up for a task. I remember one of my college buddies who used to come up with such clean and elegant software code in solving a problem. I considered him a natural talent in software programming. In my case, I have to work hard in developing both the skill and passion and occassionally I can knock few of those natural talents down. I also know a friend who is a genius in mathematics and physics during college. This guy used to say "Practice makes perfect." This reminds me of reading a book call "Exceptional Brain." One of the chapters mentioned a group of physics students make a quantum leap in their problem solving ability by practicing more. So if you know what needs to be focused and practiced on, then you can further develop such required skill sets. So I think if you have one or the other, you will survive (in a good way). If you have both, you will be a star. If you have none then the luck will run out and don't know what hits you.
Well said. In a similar line of thinking, it's been said that there are only three types of trade: breakout, reversion to the mean, and arbitrage (carry trade). An exceptional trader works hard to develop an innate sense of which 'mode' the market is in, and acts accordingly in real time.
Michael Marcus said : "I think to be in the upper echelon of successful traders requires an innate skill, a gift. It's just like being a great violinist. But to be a competent trader and make money is a skill you can learn."
Ask yourself if you were taught or rely on talent... ... Oh wait... no one here is a superior trader, more-so profitable. Too much "He said, she said" crap. And "I think, I hope"
the problem with the eckhardt/dennis debate was that it didn't answer the question of whether anyone could be taught to be a SUPERtrader. he showed that maybe, everyone can learn how to at least attain profitability by trading a system.. also, dennis handpicked his trainees from a questionaire he administered to the application pool. it was not a random selection. i found that it is difficult to teach extreme contrarian thought, that when everyone is fleeing one should do the opposite. great traders are able to identify this and take it on with courage, a trait which is most likely innate. each individual's emotional profile is his own and is often an obstacle to one's trading journey.
============== ''Always go first class'' Not minimizing you ''first class quote'' & Rich Dennis had 2 classes of turtles, Curtis''inflector'' Faith said. Dont remember which class Curtis wrote he was in; both classes excelled.
if all his students are merely copying it.. we've seen how the system became crowded and is no longer as effective.
===================== Like those old moving pictures in black & white that show ''Babe'' Ruth hitting home runs, even though he was somewhat of a strike out king also. Interesting they auctioned off a old baseball bat of his for what was it 7 figures, recently??
actually, i read somewhere about how great traders exhibit traits similar to psychotics, but how they are able to discipline themselves and control it. i've heard numerous times when a great trader took on a trade and was thought to be "crazy". it could just be that they have NO FEAR.