The 10,000 hour rule

[Port1385]

When reading, thinking about and considering the Bible, there are many interpretations and its debatable which one is the right interpretation.

The good thing about trading is that being right is measurable and not subject to debate unlike the Bible. The person who has the largest gains at the end of a certain time period is the one who is right.

Therefore, the true masters of trading are the ones with the largest gains and the ones who are most right.

 

[Thunderdog]

Quote from ehmoran:

...But at one point in the history of your family, the GOODNESS taught in the Bible was part of...

"Goodness" stems from empathy. If you do not possess empathy, then you are sociopathic and no amount of book reading, bible or otherwise, will make you a "good" or "moral" person. If anything, it will only teach you the language you need to game people by manipulating them with the right words and by pressing the right buttons. History has shown this to be so, from the Crusades, to greedy televangelists of questionable moral fiber, to the abuse of young children at the hands of "men of the cloth."

Goodness comes from within. If you don't have a moral compass, then any book is a shoddy replacement at best.

 

[SethArb]

if you can understand this video about order flow

and momentum trading you will shorten your learning curve

in order to really understand it you need to think "out of the box"
or trade "within it"

www.youtube.com/watch?v=EexOzjz6Gn4

 

[DeeDeeTwo]

Quote from tradersboredom:

don't be stupid okay with b.s post about 10,000 hours of MONITOR TIME crap.

they can make master traders in weeks in trading school.

You will never be a successful trader...
Because a great trader develops over MANY years...
ONLY by learning from 100s of mistakes.

You may as well quit right now...
Or go join some crooked firm and run sleazy scams.

 

[R. Raskolnikov]

So true

Quote from DeeDeeTwo:

Because a great trader develops over MANY years...
ONLY by learning from 100s of mistakes.

 

[ehmoran]

Heck, after I've realized then corrected one mistake, I make newer, however, less costlier mistakes.

But I have noticed much fewer mistakes.

And you can't do that Virtual Trading Crap.

Because its not your money that you watch DISAPPEARING. Now that's an emotional round trip.

"There are those that have lost a lot of money, and there are those that WILL lose a lot of money"!!!!

 

[OTCkrak]

at the bank i work at a prop trader made 16mm last year... and hes 22


either you have it... or you have to work really hard at it:eek:

 

[Mr J]

Quote from DeeDeeTwo:

Because a great trader develops over MANY years...
ONLY by learning from 100s of mistakes.

While it may be true for many successful traders, people have vastly different skills and levels of skill, and some will learn much quicker than others.

 

[Aisone]

I'd say from personal experience, if 'Mastering' means getting rich, it takes >14k hours, lol. Unfortunately for me, that is.