The 10,000 hour rule.

Quote from lescor:

Yes, you only see a handful, but where would you expect to see them? The people you mentioned in your earlier post aren't traders, they are money managers or investors. You've heard of them because it's in their best interest to have public exposure. Either to raise capital or sell investors on their fund.

Independent traders have no reason to be seen or known. They go in to work each day trading their own capital and making a good living. Just because you aren't aware of them doesn't mean they don't exist.
More...

Exactly!
 
I agree 100%. But the quality of the practice is key. You can not practice being random. You must document your thoughts and actions so that you can learn from them. I think you can learn how to grind out a living from trading in less than 10k hours, but to be able to perform at the game at a high level were trading becomes effortless, that takes time. Most traders goal are so low that they only want to grind out a small living. But if your goal is the be the best of the best in the game you will have to keep pushing yourself to the edge of your ability so that you will screw up. If you have the correct monitoring systems in place, then screwing up will help you improve towards peak performance.
 
Quote from jajuanm2:

But if your goal is the be the best of the best in the game you will have to keep pushing yourself to the edge of your ability..... applies to all jobs
More...
 
dont push yourself over the cliff..

dont use the phrase" but this time its different."
ha ha

the market keeps humbling 10 year trading strategies in a whiff.!

be humble. agile.. learn. learn...

take what the current day/ setup gives u....

See it this way.... 10 years is like a Phd... each time we are successful. we earn one more credit.. only thing at school, they dont take away your credits....

the market will wipe out years of discipline in a whiff , with that your confidence too.. back to ground zero.. I try my best not to learn from my mistakes.. the tuition fee is too high. and no in- state.. , he he...


scouring over these boards, i do find a lot of tidbits of wisdom.. free credits.. what more in the world can u ask for...


all said...
so who is ready to graduate. walk the Ramp.. lets cheer them up!
 
I personally do not believe in the 10,000 hour rule. If you have a mentor who takes you under their wing and explains how to trade with regards to general mechanics of the market, trading on fundamental, technical, explaining order execution and all other aspects etc one does not need 10,000 hours at all.



-find a mentor (with a payout split)
-have a decent sized account
-be emotionally stable


and one can learn this game pretty quick. Trying from scratch is a great way to drown....


6.5 hours in a trading day around 250 trading days in a year is 1600 hours in 1 year.

so 10,000 hours of live trading is 6 years which is a life time in trading.
 
Quote from Fleming Snopes:

"Even a blind hog occasionally finds an acorn."
More...

try thinking a little.

Connect a particular sense to a particular task.

Read the guy who says lets take a poll. He doesn't know the thread of many years is about books people wrote who took polls.

General comment:

I've never met any of these slow people who take 10K hours for anything of any sort.

The trainers of professionals have as an incentive to dole out the facts very slowly. Trainers each money by keeping the stable full.

Should I make another 100 calls to see if anyone catches on?
 
Giving up on trading. Over 21,000 hours and more than 15 years wasted of my life. I don't have what it takes, far overdue time for me to admit it on move on. Only my stubborn persistence kept me going. Trading also negatively impacted my career.

Best luck to all.
 
You must log in or register to reply here.
Back
Top