Quote from Gringo:
The advantage compared to golf, martial arts, wrestling, soccer, and all other competitive competitions is CHOICE. The choice to disengage when the opposition is playing well. No one else can do that. The tennis player cannot say I am taking a break and just abort a potentially losing game. This is an ultimate advantage. The martial artist can't just quit just before an arm lock is almost in place. Those guys when they lose they lose completely. But not a trader. You feel not up to the task, you exit. The market feels overwhelming, you exit. Eventually you'll get your perfect set up, where all the ducks line up, and you engage and stay in as long as necessary, and out again. What a wonderful game this is if one is aware of the ultimate advantage. Isn't it? This allows one to not spend 10,000 hours to figure out all kinds of variations and possibilities. What a person needs is a simple, profitable, tested, and repeatable plan that fits the trader's personality. Training is only needed to recognize the advantage and execute it, and not attempt to become the master of all and everything. No one needs 10,000 hours for it. For a soccer player it's like waiting until even the goalie has been dodged, and suddenly transporting oneself into the game, to just tip the ball in the goal. No need to learn too much dribbling, no need to have much of a stamina. Just one setup and goal after goal whenever similar conditions show up. Ronaldo needed 10,000 hours, not you. You have the advantage of picking your time, place, mood, and conditions before engaging. We're not talking about being that super billionaire trader. We're talking about NOT being the 95% who don't make a dime. Remember, trading is a losing game. The BEST LOSER is the long term winner, as said the sage.
Gringo
