Short YouTube talk by Adrian Reid advising traders to take personal responsibility while learning from others. He argues against blind copy-trading services but recommends collecting trading ideas from books/websites, testing them rigorously (as taught in his Enlightened Stock Trader Development Program), and adopting only those that fit one's objectives. The piece ends with a call-to-action to sign up with name and email for the program.
Chapters
Did you ever get busted at school for copying the person's work next to you or cheating in a test and looking at someone else's answers? I'm sure all of us have done it at one point or another. But here's the thing. At school, that's a punishable offense. It's something that is against the rules. But in the real world and in trading, copying is something which can be really powerful and valuable. Now, I'm not talking about these copy trading services where you put your money in and you blindly subscribe to someone else's trading strategy and let them do the trading for you. That's not what I'm about at all. Everything that you do in your trading is your responsibility. We must take personal responsibility for our own money because if we don't, then we got someone to blame when something goes wrong. And if we have someone to blame, then we're not going to be truly attentive to our own needs and objectives. So copy trading is out as far as I'm concerned. But here's where copying is actually really helpful. If you do a search on the Internet or you read a bunch of books, you're going to come across a whole range of ideas for trading systems and strategies that you could use. Now, one of the best sources for trading ideas is other people's work. Systems that are published, systems in books, bits of indicators and rules that people have put out there on their website. But here's the thing. Personal responsibility is one of my key driving forces when I or driving motivators when I'm talking with my students. In the Enlighten Stock Trade Development Program, every student and myself included must have complete personal responsibility and accountability for our own trading decisions. And if you're going to succeed, you need to take personal accountability as well. So how does that relate to copying? Well, when you're looking at books and websites and everything, keep a journal or a diary of all of the trading ideas that you come across. And once you learn how to test your ideas properly, like I teach my students in the Enlightened Stock Trader Development Program, the correct process for formulating and codifying and evaluating and optimizing your strategy, your trading system. Once you know that process, you can copy as many ideas as you want and put them through that testing and development process really quickly and weed out only the ones which are the most promising, the most profitable. So copy as many ideas as you want. But personal accountability, personal responsibility is the key. You must know how to test your trading ideas. And once you know how to test them. You can take ideas from any place that you can think of, test them quickly and easily, find the profitable ones that are promising, that fit your personality, your objectives and your lifestyle and then take them through to completion and trade with them in your own account. So copy away but don't Absolve responsibility. So if you want to learn how to quickly test and evaluate trading ideas that you come across in books, online or in any other source, then enter your name and email in the box below and find out more about the enlightened Stock Trader Development Program. Because in that program you'll learn how to formulate, codify, evaluate and optimize any trading idea that involves technical price action. And that way you can have confidence in the trading ideas that you use and you can copy other ideas, make them your own and have complete personal responsibility and accountability knowing that you've tested the ideas properly. So enter your name and email in the box below and I'll see you on the other side.
