Hi Cormac,
very interesting random thoughts and questions... here are some random answers.
About teaching and weak link. My strong conviction is that weak link is always student, doesn't matter how good/bad teacher is. As a matter of fact, there are NO secrets hidden by those who trade successfully (I don't mean some particular setups/strategies, we all know they don't make difference between successful and failed trader). All trading "secrets" were published zillion times, and they all are valid. But their availability makes people feel like their value is questionable, and there are some more secrets, not that easy to access. I, for one, was asked plenty of times what is the secret of trading, and was not trusted by many when answered that there is no great mystery... The problem is, not enough to read/hear what are DOs and DON'Ts... One has to go through live experience. It can be more or less painful, depending on ones discipline, willingness to work hard, to papertrade first, ability to control emotions etc. But it still will be painful.
Interesting analogy with teaching chess... and very close. Many great chess players becoming teachers/coaches try to pass their experience. Of course their teaching is of great value, and new grandmasters grow thanks to old ones teaching. But there is no chance that ALL who being taught by great chess players become as successful as he was.
About those 10 stocks and 10 traders... my answer would be - no one knows what result of such experiment could be. And this is why. Not enough to have moving stock. For me, to trade it successfully, it should match my risk criteria and move in a way readable by my method of reading. If those 10 hypothetical stock would be Inet hiflyers with wild spread and thin levels, some of those 10 hypothetical traders would be OK playing them and some not - depending on their personal style.
It's a long winter ahead - give us more those random thoughts to chew on :)
Best regards,
Vadym |
