Successful Traders Have This One Trait in Common
By Dave Mabe
“One day I walked away from the empire of the expertise of others.” - Gabrielle Calvocoressi, poet
My wife showed me this quote from a book of poetry she's reading.
Gabrielle turned the corner when she started ignoring the advice of the so-called experts.
There's more in common between traders and artists and poets than you might think.
Think of successful musicians.
How many of them still do covers of someone else's music?
How many artists can you name who are famous for creating replicas of another artist's work?
The answer is, of course, zero.
The same is true for trading.
The reason you see other traders doing better than you is that they're not trying to be someone else.
They're not getting rich in a trading room following the stock picks of some guru who's good at getting traders to sign up for their trading room.
Like Gabrielle, successful traders have long since ignored the "expertise of others."
When will you walk away from it?
-Dave
P.S.
Does it feel like your strategy works for everyone but you?