Enemies

” The chief enemies of the trader are always born from within ” … Jesse Livermore

My comments : Jesse was perfectly right. As a beginner trader wanting to learn as much as possible from professionals or trading gurus , I personally signed up for couple of trading seminars. Seminars are not only costly , many came with promises of high chances of success that never materialised. Most of these gurus are traders themselves and making a living out of trading. They taught the seminar students what they did in their actual real life trading. Unless they preach what they are not doing themselves , what happened then to the trading performances of most students ? Percentage of success stories in every seminar is surprisingly low !

Conclusion I draw is that given even the best trading strategies in the world , it takes the other part of ourselves or ” self ” to implement the strategies. The equation is not complete because there are many variables in the ” self ” . ( not following rules , psychology , etc ) It is natural for all of us to first blame the seminar gurus. I did that too. Over time I realised the need to put a mirror in front of me and do more self analysis. The problems and answers are all in the mirror … HenryTeo