Quote from Michael Marcus

February 28, 2007 – 7:23 am

Michael Marcus discussed causes of financial disablement in Market Wizards: Interviews with Top Traders.

I think the leading cause of financial disablement is the belief that you can rely on the experts to help you. It might, if you know the right expert….Typically, however, these so-called “experts” are not traders. Your average broker couldn’t be a trader in a million years. More money is lost listening to brokers than any other way. Trading requires an intense personal involvement. You have to do your own homework, and that is what I advise people to do.

From the desk of Tradergav.com


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    2 Comments »

    Comment by Dave
    2007-02-28 09:22:40

    Great quote, Gav! Thanks for sharing. I totally agree!

     
    Comment by Gav
    2007-02-28 09:29:42

    Hi Dave,
    Yeah. I have read Market Wizards again recently, and I’ve found it to be extremely useful to my trading now.

     
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