You must be your own Guru

[THERUDEBOY]

Deep rooted insecurities could work in a variety of ways. There are pro's and cons. The reasons for using a guru or not is too complex as matter for discussion. What can be discussed is when a guru is not there anymore.

 

[Buy1Sell2]

Quote from THERUDEBOY:

Deep rooted insecurities could work in a variety of ways. There are pro's and cons. The reasons for using a guru or not is too complex as matter for discussion. What can be discussed is when a guru is not there anymore.

Are you asking "How can I go on without the continued guidance of my guru?"

 

[Guildenstern]

If you had some profitable directions you would not need a guru. You could find some arbitrage niche or market abnormality to exploit. Gurus are only relevant for discretionary traders?

 

[smallfil]

There is no such thing as one size fits all. A guru can be helpful pointing you to the right direction however, you still have to make your own calls and succeed or fail depending on what you do!!! A seminar I attended, the speaker said, "You have to develop your own style of trading." We all like different things and have different biases and you can train say, 10 traders the same thing and each one could come up with a different way of trading the same markets!!! I am still learning but, do know that I will not use everything I learn because I have a conscious bias against say, an indicator which I do not like versus another that I like because it works for me!!! Another trader on a DVD (sorry I cannot recall who said it) said, that the reason the indicators work and don't work is because you have to know when to use an indicator so, in essence, he is saying that indicators have to fit the situation at hand to be useful!!!

 

[zentrader69]

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

 

[MrsSavant]

I trade. I am profitable. Why change anything? I have my plan and I trade it over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over
and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over

etc


Then when my DEFINED shift is over, I make breakfast for Electric.


Wifey

Quote from Buy1Sell2:

My contention is that a trader must develop their own plan and execution contingency. If you are enamored of a Guru, you are not thinking for yourself. In addition, what happens when the Guru is not there standing over your shoulder to press the buy button. Maybe you wouldn't even want him there--he/she might press the wrong button.

 

[Cheese]

Makers of big money are not interested in the whole fag or the relatively small beans of selling yourself as a self styled trading guru. Hell, why would any big time money maker want to bury himself in such horsesh*t?

Sure, get what you want from whatever resources there are but the focus is the market. Study. Be your own best adviser. Know your market. And put together your map for winning.

 

[andrasnm]

"Gurus" in America do not come free. Why would anyone want to be a "guru"?
It is far easier to make money selling and promoting STUFF especially when you have some notoriety. It is also self-evident that the 'multiple sources of income' paradigm - especially in trading when huge drawdowns are possible are not that stupid idea as some 'self-styled daytrading geniuses' on ET would like to portray. But hey what do I know. Most big traders are not daytraders so there is a drawdown. if you are a 'fast typing shootist' like many on ET then you have solved the eternal quest of man - alchemy and my hat is off to you.
Most wanna be traders are in need of some guidance and help and trading is a lonely business. So the suckers (guru groupies) are self-generating at every year's University graduation time.
Just my 2 cents.

 

[nononsense]

Quote from coolweb:

You can speed up the learning process fby learning from a gruru

Putting together a workable trading strategy is already very difficult. Why raise the difficulty at least tenfold by looking for a non-existing guru?

 

[Buy1Sell2]

Gurus only really exist to serve themselves.