Richard Dennis theory that anyone can learn to trade is flawed

JSOP said:
Something that you are not able to comprehend.
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OK, if you take it so literally (last response to you) then Dennis is STILL wrong.

A blind, deaf quadriplegic mentally distraught person can not learn how to trade, so no, not everyone can.

Literal idiot.

Hey look, anyone can learn how to drive!:

 
On a more philosophical note, this thread begs the questions, can a publicly disclosed trading system that had positive expectancy, still retain positive expectancy? Also, can anyone be taught to develop a positive expectancy trading system?

I would say no to both questions.
 
BlacknBlue said:
Yeah ok... not everyone can be a dr, a lawyer, hell not everyone could be a good farmer or electrician.
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Most can learn to be good doctors, lawyers and farmers because.

Doctors, lawyers and farmers learn best practices from the experts and then go off and treat their own patients, serve their own clients and plow their own fields. They don't compete against one another.

Traders put money into a pot, compete against one another so some will always fail. Only a few will get the pot. We trade the same indices, same stocks... It is more like professional poker players playing one another for the same prize money.
 
Pekelo said:
OK, if you take it so literally (last response to you) then Dennis is STILL wrong.

A blind, deaf quadriplegic mentally distraught person can not learn how to trade, so no, not everyone can.

Literal idiot.

Hey look, anyone can learn how to drive!:

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Buy1Sell2 said:
He didn't say EVERYONE. He said ANYONE.
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Ok you are still picking on the semantics and not contributing anything meaningful. And you are not even reading other people's posts that showed you where you are wrong. Done talking to you on this thread. This is getting ridiculous.
 
ironchef said:
Most can learn to be good doctors, lawyers and farmers because.

Doctors, lawyers and farmers learn best practices from the experts and then go off and treat their own patients, serve their own clients and plow their own fields. They don't compete against one another.

Traders put money into a pot, compete against one another so some will always fail. Only a few will get the pot. We trade the same indices, same stocks... It is more like professional poker players playing one another for the same prize money.
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They literally do compete with each other and it starts in school. People get churned out, give up. Some can't become doctors because they fail their residency. Some get fired from being doctors. Some people can't help themselves as much as they try. I've painted and made wood works under the direction of professionals but the quality of my work is still at an elementary level, I suck at that stuff no matter how hard I try.

Also equity markets are not a zero sum game man.
 
HolyGrailSeeker said:
Richard Dennis theory that anyone can learn to trade is flawed
First of all he screens the group of applicant asking certain questions to find the batch with the most natural aptitude for trading. Then later, when he taught his methods of trading the ones who did not follow his rules were axed.

Therefore he was not successful in his claim that ANYONE can be taught trading and be successful.
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I agree with you 100%.
To settle the bet, Dennis placed an ad in The Wall Street Journal, and thousands applied to learn trading at the feet of widely acknowledged masters in the world of commodity trading. Only 14 traders would be make it through the first "Turtle" program. No one knows the exact criteria Dennis used, but the process included a series of true-or-false questions; a few of which you can find below:
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I'm not sure what your point is. I assume it is that everyone is not suited to trading

If you need further proof look at the traders on ET. :)
 
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