"The challenge for the trader is not so much one of making market predictions as refining trading hypotheses as market data unfold. The effective trading mentor models this reasoning process, but eventually needs to let junior traders try out their own reasoning, with prompt review of solid and flawed reasoning. That is why sound mentoring has to occur during the trading process, just as effective training of physicians has to occur at the bedside or in the clinic." - Brett Steenbarger
How to implement the idea of modelling the reasoning process by hand holding beginning traders in Hyderabad? I came up with this idea after attending some trading seminars where the speakers are discussing Charts, Indicators in Isolation and analysing historical charts by hind sight.
I wanted to reason out the markets along with the learning traders. Here all the participants are both teachers and students. By trying to teach others my concepts and rules will become clear and I will be able to better understand my method which is a mixture of knowledge gleaned from great personalities mentioned in this blog.
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1 comment:
"...where the speakers are discussing Charts, Indicators in Isolation and analysing historical charts by hind sight...."
Oh absolutely!
Thats what immersion tries to sew together.
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