FAQ Nature Vs Nurture – are Good Traders Born or Made?

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s.taylor

Newbie
7 0
Obviously I agree with the above statement that traders are made not born. Acquiring a desired skill requires continuous effort, knowledge and experience. No one is born perfect; it is one’s own hardwork that makes them who they are. So as in forex trading, to become a successful trader dedicated knowledge & experience is required.
 

piphoe

Legendary member
10,038 194
Ask yourself are pro poker players made or born? It's both.

Must learn the skills of high level play but w/o BALLS/STONES won't get very far.

You are either born with balls or you are not.:innocent::LOL:
 

foroom lluzers

Veteren member
3,612 135
This thread and article is from ouside the zone , from inside the trading zone the picture is totally different .Walk the talk is when traders met reality , this article barely covers the walk.The walk is extremely difficult , and google search of 95% of traders lose confirms this.

The famous turtle Richard Dennis could not follow his own rules and lost about $60 m in 1987/88 , according to Wikepedia.The orignal turtle method is no longer effective .He closed 3 funds in 2000.The little information of how Turtles made money is great , but little information is dangerous .

If they were born ,they die early but if they were made they have to be re-made frequently,like the turtle systems .

Good traders are brought up in a disciplined buddhist monk enironment ,they are good meditators.Their environmental upbringing makes them the ideal mindset for trading.

Unfortunately traders are not born , we are born with an ancestral brain that is naturally wired to lose in the markets .To understand this you will have to listen to almost 30 free webinars on psychology on youtube , these are by top trading psychologists.Traders will also have to read several books on psychology , before they understand "what makes a successful trader".There are some good articles in the psychology section.

The orignal article is very good , but there is a lot more to the 10 points . that needs to be understood.
 
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greg.darren

Newbie
6 0
Trading is a set of skills and it is not necessary that successful traders are born with those skills. Good traders are those who strive to work towards it. They have a discipline and patient mind to learn from the basics till the advance practical knowledge is attained. With a proper set of rules and money management skills and yes having control on emotions, a trader can be nurtured to be a successful trader.
 

piphoe

Legendary member
10,038 194
Big Ballers are born, not made. It's in the DNA. However, big balls are not enough must teach the necessary skills in any game of chance.

ps i am NO big baller. i never will be but the niche i carved out for myself is enough (almost):cheesy:
 

alextrader79

Well-known member
308 2
50/50
A trader wouldn't become a pro without hard work...
A person with no skills wouldn't get them. Maybe he is a bad trader, but a good dancer. Everyone has his own skills...
So I consider these things to go hand by hand
 

Pat494

Legendary member
13,397 1,312
The rise of AI might spell the end or a big revolution in the markets. Only the rich institutions will be able to afford Quantum computers etc.
 

NVP

Legendary member
36,411 1,815
The rise of AI might spell the end or a big revolution in the markets. Only the rich institutions will be able to afford Quantum computers etc.
all part of market noise ..........markets just evolve ...they are never unbeatable....thankfully

N
 

NVP

Legendary member
36,411 1,815
50/50
A trader wouldn't become a pro without hard work...
A person with no skills wouldn't get them. Maybe he is a bad trader, but a good dancer. Everyone has his own skills...
So I consider these things to go hand by hand
think what livermore could have done on strictly ? :LOL:

N
 

Brumby

Established member
593 135
There is a saying "You can’t soar with the eagles if you’re hanging with the turkeys". There is one common denominator among the trading greats : Paul Tudor Jones, Louis Bacon, Bruce Kovner, Michael Marcus, Jack Schwager and Ed Seykota. They all started their trading career with Commodities Corporation. According to Timothy Morge who also started his trading with Commodities Corporation, the firm was transformed into a powerhouse when they brought in Amos Hostetter. Amos was instrumental in the success of the firm and left behind a legacy of great traders. Unfortunately Amos never wrote a trading book.
 
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Patrick14

Newbie
5 0
The truth is that he is right, for a trader to become a good entrepreneur, an entrepreneur needs to evolve big and work hard in the market, fight with the competition to be able to do good promotional work in the market:)
 

Camilly

Well-known member
339 2
practise makes perfect, i learn thru chart reading and with some indicators, and of course, by paying some "tuition fees" to the market XD