No doubt there are many exceptions, but I can think of only one in a public trader: Robert Deel. I was privileged to hear him speak once, and subsequently read his books. IMO a very fine teacher of how to trade, who apparently makes good trading use of his aggressive martial arts personality.
Regarding facing the truth about yourself, trading certainly exposes all your flaws in outlook on life, in intellect, and in character. I suppose every one goes through a different path of discovery, but the first thing I had to learn was, as Elder said, "The market is not your mother." It is not there to make profits flow "like an endless stream of free, warm milk." That, and similar problems, comprise the outlook on life issue.
Failure of intellect appears after you accept that you have to have a system, and discover that you lack a model of how price evolves, and encounter difficulties in constructing a logical, logically consistent, and non-redundant system.
Finally, all your character flaws become perfectly obvious in your inability to follow that system, and to evolve it based on what you should be learning from trading. That is what I have discovered so far, and I believe that I see the same things in others learning to trade who post on SI. I can't wait to see what comes next. |
