When I first started, I noticed emotion behind how ticks fly. That inefficiency is good for a few seconds of play. The summations of those emotions tick to tick builds up intraday sentiment/trend. That is why a large amount of screen time is needed. One could say the emotions of tick high low breaks, and a fractaling out those breaks that builds sentiment.
10,000 hours to learn trading - Who wrote this rule?
- Thread starter tomorton
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When I first started, I noticed emotion behind how ticks fly. That inefficiency is good for a few seconds of play. The summations of those emotions tick to tick builds up intraday sentiment/trend. That is why a large amount of screen time is needed. One could say the emotions of tick high low breaks, and a fractaling out those breaks that builds sentiment.
I worry about this also. I'm going to build a projection room in the addition so I can expand out the screens. So not focused on things only a few inches away.
"Dunning–Kruger effect is a cognitive bias wherein people of low ability suffer from illusory superiority, mistakenly assessing their cognitive ability as greater than it is"
The Dunning-Kruger effect describes the posters on ET who think trading can be mastered in less than 10,000 hours of hard work.
The Dunning-Kruger effect describes the posters on ET who think trading can be mastered in less than 10,000 hours of hard work.
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Or you might find what you were looking for... and not be blind anymore for the market and how it works.
Everyone quotes this but forgets the second part which is where people of high ability suffer from illusory inferiority, mistakenly assessing their cognitive ability as lower than it is.
Yeah but on ET low ability posters think they are high ability so they will ignore the first bit and only think the second bit applies to them.
So we should first ask: are you a low or high ability?
Then we tell him/her which part is valid for him/her.
tomorton,
Yes, 10,000 hours is too much time to make the money trading. I do agree that screentime, experience, losses, trial and error is good. But noonne have this much time. I believe the right training from the start is key.