My motives in writing these weekly blogs and in teaching investment classes are in part selfish ones. I write and teach to become a better trader myself. By weaving together the key attributes that I deem most useful in trading the stock market and sharing them with other investors, I find that I’ve woven them together more effectively into the fabric of my own trading.
Two eyes are better than one, and I often benefit when students hold up a mirror and reflect their experiences back to me through their own investment lenses. A fine example of this occurred last year. The trading course I teach – Real Time Hands On Trading – has a strong group of 100 investors and includes a good number of full-time traders. After last fall’s semester ended, I received a detailed email from a student named Kelly H. who proceeded to list his key takeaways from the course. Coming from a full-time trader with more than 15 years of experience, Kelly’s comments were those of a colleague who had just spent seven weeks participating in my class. His comments were insightful and reinforcing, offering me a unique perspective as to what other investors felt were the most useful skills gleaned from the class. I was grateful to Kelly for the email, and I’d like to paraphrase his input. I hope I manage to capture his true intentions as I summarize the points he made.