An executive coach explains how to learn in 2 days what normally takes 6 months

Seriously, doesn't everyone know that. Clarity is confidence, and without confidence you go nowhere fast as you cannot plan ahead, many studies have proven winners keep winning and losers keep losing. Which is why nost traders fail, the markets are forward looking and 99% of people work in neutral, the minority, and in hindsight, the majority.

The only way to gain confidence is through hard work, the exponential curve, or if you blindly follow someone smarter and/or more experienced than you, the logarithmic curve. The article relates to the latter, and most people with more experience won't take on anyone unless they are paid obscene amounts.

But those without confidence won't have the funds, because they don't have the confidence to generate them, as they can't buy the knowledge they revert to the exponential curve which takes a long time, years and decades, normally giving up a long way before the end which restarts the cycle.

So the article is correct but complete rubbish, because the only way to break the cycle is to experience a 4+ sigma event: a) win the lottery; b) be the handful or people who are trained as a Turtle; c) marry in to wealth; d) experience something so awful it compresses decades in to months.
 
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birzos said:
So the article is correct but complete rubbish, because the only way to break the cycle is to experience a 4+ sigma event: a) win the lottery; b) be the handful or people who are trained as a Turtle; c) marry in to wealth; d) experience something so awful it compresses decades in to months.
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FACT:The orignal mr Turtle failed as a fund manager , all his trends got choppy (something trend trading educators hide from trainees ) , yet his trainees did well

but the same formula of mr tutle is dead.
 
birzos said:
Anyone opening the sentence with the term "FACT:" is an idiot, didn't bother reading the rest!
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Dennis managed pools of capital for others in the markets for a while, but withdrew from such management in the spring of 1988 after his clients suffered heavy losses. In the Black Monday stock market crash of 1987, he reportedly lost $10 million,[8] with a total of $50 million reportedly lost in 1987–1988.[2] In 1990 his firm settled investor complaints of his failure to follow his own rules, for over $2.5 million, without admitting or denying any wrongdoing.[9] He also managed funds for some time in the mid and late 1990s, closing these operations after losses in the summer of 2000.


https://en.wikipedia.org/wiki/Richard_Dennis
 
What do you think of the old saying, “It takes one to know one”?

The true part of the statement: People who possess a certain quality — especially a really bad one, such as deceitfulness — are quick to see this quality in others because they have them , this is engraingrained in the mind of the who sees these quickly. Psychologists sometimes call this projection. I’m not much for conventional psychology, but I must say that I see evidence of projection all the time. Husbands cheating on their wives are quick to see deceit in their wives’ behaviors, even if the wife’s behavior is nothing more than arriving home 15 minutes late from the grocery store , their mind has it well in advance. People guilty of a certain action often accuse another of that very same action; it seems to calm their guilt and help them pretend that they’re innocent.
 
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