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
i thought i could trade until i met a guy who could really trade. to this day i consider myself second best to my guru.

i actually trade much better than my guru but i would have NEVER been able to "get it" without help.

in fact i admit now i cant trade at all, i depend on mechanical systems that auto trade. i consider myself a researcher now.

can you make it on your own? i say no.

ps dont get me wrong - ok - i am saying you need someone to help you THINK about developing your own style. someone to bounce ideas off and get them shot down. someone to ground you, not make your decisions for you. unless that is your style, many people do well being hands off.
 
This whole thread is bullcrap. There is no such a thing as a trading guru as much as there is no thing as a "love guru"
(Mariska Hargitay to you all...)
The proper word would be a trading mentor. I mean trading and
love chemistry cannot be taught one can try to help but usually either you get it or you don't.....
On the other hand a trading mentor is a real thing it can be an older person with experience to show some of the younder turks the ropes and the pitfalls.
The last mentor was Richard Dennis and he was very good and profitable training a method that worked for a period of the time. His "disciples" were the turtles.
Quote from Buy1Sell2:

Gurus only really exist to serve themselves.
More...
 
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.
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Some of the better advice here.
 
Quote from Buy1Sell2:

Gurus only really exist to serve themselves.
More...

so you don't believe people can share their trading strategy and hep you without expecting anything in return?
 
'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'
 
Interesting topic. I suspect if you replace the word Guru with Trading Methodology it could be more helpful.

It is my observation most if not all of the trading industry is there to take your money not make you money. The methods that are marketed are just reworked ideas that are not new or profitable.

Think outside of the box. Trade using setups that have not been discovered or marketed. Find a new system and keep tight lipped. Quietly go into your office and trade your account into a success.

It is the quiet trader that is never heard of that is the success. The traders and their products that are being sold publicly are not the source of your affluence.
 
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