10,000 Hours?

[icarus618]

This is though filled post.

Chess has a rule set and market operators have a complete set of rules for participation.

Over four hundred years there have been about 100 market changes.

Trading is not competitive and all participants can be ranked by knowledge and skills.

Generally speaking , no one has suggested thay they know how the markets work, however.

Compared to a hedge fund's ROI an amateur may take up to a day to extract the same ROI as the hedge fund. The reason for this divergence is simply the trading context.

Hi Jack, I'm very glad to see you posting. I share your viewpoint that unlike chess trading is not competitive at the level of my participation. My participation in the market is with a complete set of rules because the set includes the rule to SIDELINE when I find the situation unclear. In chess sidelining is not possible; therefore, when the position is unclear I resort to playing the opponent rather than what's on the board.

Against kids I will look to simplify the position and head for an endgame even when I see that it will be equal or slightly worse for me. The more boring, the better. Against older players my strategy in unclear positions is to complicate, complicate, complicate and let them burn time off their clock. Adults tend to see "ghosts" and worry about overlooking hidden tactics in complicated positions. This is more so if I move with a lot of confidence.

If I could psyche out other market participants as I can my chess opponents, would that then make trading competitive? Yes, I think it would.