You must be your own Guru

Are you your own Guru?

  • Yes, I am very self reliant with original thought

    Votes: 120 90.2%

  • No, I follow a Guru's advice

    Votes: 13 9.8%
  • Total voters
    133
Quote from zentrader69:

I guess we learn from anybody, including gurus, but we have to be responsible for our own successes.
More...
+1

Moreover we have to be responsible for our own failures. I once took a piece of guru "wisdom" and went off on a tangent (probably more than once but this instance stands out foremost in my mind) and spent a LOT of time and effort trying to hone it into a trading tool. It seemed great right up to the final performance test, then it fell flat time and again, no matter how much I changed the instruments, the time periods, the parameters, etc. I finally had to own the fact that what I was doing was based on a false assumption and start over. But such failures are very educational and I started on a new path that was much more valuable.

Trading is very challenging, even I imagine for those who attended business school. But if you can take the hits and keep coming back until you succeed, you'll have the satisfaction of knowing that you went up against some of the greatest competitors in the world and won.
 
Quote from nutmeg:

'It may sometimes happen that a truth, an insight, which you have slowly and laboriously puzzled out by thinking for yourself could easily have been found already written in a book; but it is a hundred times more valuable if you have arrived at it by thinking for yourself. For only then will it enter your thought-system as an integral part and living member, be perfectly and firmly consistent with it and in accord with all its other consequences and conclusions, bear the hue, colour and stamp of your whole manner of thinking, and have arrived at just the moment it was needed; thus it will stay firmly and for ever lodged on your mind.'


Arthur Schopenhauer, 'On Thinking For Yourself'
More...

You are completely denying the value of teachers and education and think that everyone should reinvent their own bike???

now you are just as extreme as guru seeking people.
 
04-05-06 11:47 AM

andrasnm, good post.

I think the last guru that fit that bill died 1400 years ago.



As you can see, even back in 2006 I was a genius
 
Quote from PO:

You are completely denying the value of teachers and education and think that everyone should reinvent their own bike???

now you are just as extreme as guru seeking people.
More...
I may be wrong but I don't think he was proposing an either-or situation, and I know from experience that it certainly doesn't have to be such a situation. Yes we can learn great things from others but the lessons that stick with us the most are the things that we figure out for ourselves, even if we had help along the way.

I think the point of this thread is that while it's wonderful to have a great trading mentor, for most of us that's never going to be the case and we have to learn to think for ourselves and to avoid the fake gurus who are only in it for themselves.
 
Great choices in our lives come from the culmination of all of our positives collective experiences.

Trading is the same.

We learn from many different viewpoints and opiinions and then build our own method from the great aspects of all of our positive collective trading experiences.
 
Quote from kut2k2:

I may be wrong but I don't think he was proposing an either-or situation, and I know from experience that it certainly doesn't have to be such a situation. Yes we can learn great things from others but the lessons that stick with us the most are the things that we figure out for ourselves, even if we had help along the way.

I think the point of this thread is that while it's wonderful to have a great trading mentor, for most of us that's never going to be the case and we have to learn to think for ourselves and to avoid the fake gurus who are only in it for themselves.
More...

Makes sense now, I must have misunderstood what he was saying.
 
Most guru's are fake because their edge doesn't work, also each edge has weakness. It can simply stop working, but gurus don't tell u that even if they have curve-fitted backtested working edge. they say it works time and time again but it doesn't. I bet if you test H&S it's more or less a coinflip now, but still tons of guru's teach H&S.
 
Quote from failed_trad3r:

Most guru's are fake because their edge doesn't work,
also each edge has weakness.
It can simply stop working, but gurus don't tell u that even if they have curve-fitted backtested working edge.
they say it works time and time again but it doesn't.
I bet if you test H&S it's more or less a coinflip now, but still tons of guru's teach H&S.
More...

Here is a poster that proves my point exatly.:D
 
kut2k2 said:
I may be wrong but I don't think he was proposing an either-or situation, and I know from experience that it certainly doesn't have to be such a situation. Yes we can learn great things from others but the lessons that stick with us the most are the things that we figure out for ourselves, even if we had help along the way.

I think the point of this thread is that while it's wonderful to have a great trading mentor, for most of us that's never going to be the case and we have to learn to think for ourselves and to avoid the fake gurus who are only in it for themselves.
More...
Yes I agree. You must think for yourself.
 
You must log in or register to reply here.
Back
Top