Quote: "Trading is a teachable science, not an innate talent."

there a rumor that jh is actually an eccentric billionaire , with 9" fingernails and cobwebs flowing around the bedposts.

in repose

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Quote from bankroll:

Either by Michael Covel or Paul Tudor Jones it is not clear from which of the two.

The question is what is the truth of the statement? Or your opinion?
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Can you teach somebody to be a contrarian? To think for themselves? To reason things through? To trade only what the tape tells you? If yes, then yeah. Trading is teachable imo.
 
I routinely observe chat rooms and the level of idiocy, ineptness, cluelessness and general shmuckness is off the charts.

Almost as if they are all sharpies trying to LOOK dumb.

It's that bad.

Not to mention the fake entries and other lying that goes on
 
Teachable… Maybe… I sort of agree with the quote. It’s not a talent per se, but I don’t know if I’d classify it as a science either. Can it be lumped in with, say, physics?
 
One post I found well argumented : "market feeds on people attracted to it, who are usually the least suited to trade it"

While I find the idea very interesting and true to a certain extent (it actually also attracts a LOT of SMART guys who think they can make it "anywhere" : think doctors, mathematicians etc..), then my question is :

WHO wins the money they loose?

"Investors"..
Or top traders?...
The latter is certainly also true, so how did they become top traders?...

I say : only difference btw in trading and ALL the other jobs, is that while in all lines of life you need to be in the top 5% to make the BIG bucks, in trading if you are not there it will mean you will also be LOOSING money instead of earning a living..
Which drives out quickly the traders that did not make it till the end of their learning curve...
 
It can be taught. There are a handful of patterns that produce consistent positive returns on either the short or long side for stocks and futures.
 
Quote from lemarche:

One post I found well argumented : "market feeds on people attracted to it, who are usually the least suited to trade it"

While I find the idea very interesting and true to a certain extent (it actually also attracts a LOT of SMART guys who think they can make it "anywhere" : think doctors, mathematicians etc..), then my question is :

WHO wins the money they loose?

"Investors"..
Or top traders?...
The latter is certainly also true, so how did they become top traders?...

I say : only difference btw in trading and ALL the other jobs, is that while in all lines of life you need to be in the top 5% to make the BIG bucks, in trading if you are not there it will mean you will also be LOOSING money instead of earning a living..
Which drives out quickly the traders that did not make it till the end of their learning curve...
More...

be serious. the house wins.
 
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