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Elements of good trading: The balance between confidence and humility is best
learned through extensive experience and mistakes. There should be a respect for
the person on the other side of the trade. Always ask yourself: Why does he want
to sell? What does he know that I don’t? Finally, you have to be intellectually
honest with yourself and others. In my judgment, all traders are seekers of truth.
From Market Wizards
-Michael Steinhardt
Or, to say it another way:
Consider the possibility that your opponents have better cards than you do.
“Mortals always want something more- they wish for money, but what they're really after is to be carefree. Power when what they really want is control. Beauty when they want love. Sometimes they know it, sometimes they don't”
"A teacher is never a giver of truth he is a guide, a pointer to the truth that each student must find for himself. a good teacher is merely a catalyst" Bruce Lee.
In regards to trading mentors
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
