Trader Mike had an interesting post linking to a review of Malcolm Gladwell's Blink. What fascinated me was the implication that really sharp "intuitive" traders probably can't really explain what they do, and thus (taking it a step further) they can't really teach someone else how to do it. This is in stark contrast to the Turtle Trader guys, who believed being a successful trader was eminently teachable, that they had done it, knew how they had done it, and could teach it. It is also in contrast (though not necessarily in contradiction) to the Van Tharp/NLP school of thought that says careful observation of the skilled practitioner allows the skill to be "modeled". I say not necessarily in contradiction because I believe Tharp et al claim the practitioner may not be able to explain what he does, but a skilled observer (Tharp, of course) can carefully observe him and figure it out.
It's an important question: is it useful for me to try to learn from the successful traders, or not?
Monday, January 24, 2005
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment