This particular interview was a bit light for sure but I have to admit having the "psychology" basics covered right from the beginning would have saved me a lot of money.

Amen to that. Should have him back to let him rip for 30 minutes without watering things down.

What are you disagreeing with? He used a hedge fund as an example and not as a solution. You're both making the exact same points.

Sir, pardon my disagreement but it sounds like you are using your resentments against institutional traders and market participants as a way to discredit this person’s admittedly simple model. But the thing is it doesn’t need to be complex, it just needs to be done. Whether you like it or not, institutional flow, human or otherwise, is the market. Not independent heroes swimming against the tide. Legendary investors almost uniformly got their start on the institutional corporate rank and file before presumably shedding that skin. But learning about execution, instrument lifecycle, liquidity, and participant type segmentation are kind of the 101 or trading to judge a market. Raoul worked on the sell side and cut his chops as a salesperson if I am correct!

Appreciate the comments but it seems both have misdirected the meaning of my own comment. I have no resentment towards institutional traders or any market participants. Market participants are, market participants. There's no subjectivity that comes with that. I am also taking a decidedly opposing view to the framework Brett overlays between institutions, hedge funds and individuals - so no Jonnathan, I am not unknowingly agreeing with him. I also reject the notion that one most work for a corporation before becoming successful in trading (or business in general). I HAVE worked at corporation/s in the past, but that is most definitely not a pre-requisite. My grandfathers and other kin is enough evidence for me to attest to that. Now then, back to trading my own proprietary account... it's how I make my living ya know?