This confirms my beliefs that it’s important to have an “inner circle” or social network to bounce trading ideas off of.
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One of the greatest threats to trader success and longevity is isolation and insularity. Without the free flow of ideas from different sources and perspectives, individual traders become trapped in limited ways of viewing and doing. Hargadon argues that creativity requires both bridging and building; it is a fundamentally social process. Perhaps that is why I have consistently found that successful traders and portfolio managers have well-developed networks of contacts.
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