Tom Basso and Tim Leary - Trade for Yourself, Question Authority

Trading Discussion
1

I listened to market wizard Tom Bassos talking to Michael Covel in the January 1st episode of Covel’s podcast and found a reinvigoration of my commitment to my own analysis and trading when Basso said: “[I]It’s not a panacea to go to work for somebody else and learn what they are doing. I think it’s better for you to learn how to do it on your own and trade your own stuff successfully.[/I]” The arbitrager on acid perspective is here.

Is learning to trade from others possibly more disadvantageous than grinding out a trial and error individual effort?

Anyone else listen to Covel’s podcasts?

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Thanks for the link! There’s so many interviews to listen to. :slight_smile:

In the longer-term, I do believe it’s more beneficial to learn on your own. It’s slower, but your creativity is “unpolluted” by other traders’ dogma.

As a sidenote, if you do research and discover ‘X’ by yourself, and later on discover that other professional traders independently discovered ‘X’, it’s good evidence of your development as a trader.