Hey you almost have enough for dinner at the capital grill. Way to go...
The NO. 1 Secret Of Success In Trading
- Thread starter MarketAddict
- Start date
4 for 4 again today. Should I go to burgers and lobsters in Chelsea? They have steam lobsters with their butter sauce. Ate there a few times already. Highly recommended.
I need to be careful with cholesterol. Only salad for me. Enjoy don't spend it all at once...
great job vincente! I like that win rate! Mmmm.... i like lobster with butter sauce. Eat one for me!
I have been studying and paper trading for six months, I built a kick ass computer that has incredible software and I built a custom sit down/stand up, cherry wood, trading desk with four 4K monitors and all I hear is this bull crap that it will take 10,000 hours! LOL!!! So I won't make a consistent profit until I do this 8 hours a day for five years. LOL You must be talking about people with an IQ of less than 100?
Talk to vicente. he has a good win rate.
High IQ may be good but not necessary. Doesn't have to be. I have a high win rate and probally so..so IQ. But a methodology, with an edge, must be discovered and practiced.... practiced. Then there has to be psychological preparation as trading with real money is different than trading on a sim.
Last edited:
I agree, methodology, with an edge is what I have been working on. The psychology can only be overcome with a strict set of rules that that you follow that adheres to that methodology, a plan. It is too easy to let greed and FOMO take over your trade. The greater the account size that you start with and the ability to lose are other factors in the psychological aspects of trading. I was kidding about the IQ part. I just know that 10,000 is an arbitrary number that is without any true evidential support, I shake my head every time I read it and it's a lot.
I agree that 10,000 Hours to be an Expert does kind of sound ridiculous -- but the general numbers and evidence doesn't lie.
In analyzing all the really rare, great traders in history...not one of them basically made it in their first year, or two, or even four.
They all fell into their groove and greatness around year five or so. That's when things and progress and overall returns really took off, somewhat exponentially then past years' progresses.
It would be cool though...if you are truly the exception...and you are able to report back here in a year or two...saying you've generated a Million bucks from the market
, 
Put all these amateur clowns to jealous shame,
https://www.reddit.com/r/Trading/
https://www.reddit.com/r/options/
2018 ET.
It truly takes a while...to be both the Karate Kid, and Mr. Miyagi,
Obtaining a Black Belt in trading doesn't happen overnight.
Last edited:
Plenty of traders have rules but have not discovered the mental and emotional capacity and preparation to follow the rules they devise for themselves. It is easier said than done and willpower and discipline alone are never enough. The mind is our best friend in trading and it is also our worst enemy in trading. It trips us up with biases that we don’t even know exist. Until we learn about them and how to handle them. Willpower alone is no match for the mind. Hence rules and discipline cannot ever be enough.
You believe that you know how things work and that 10,000 hours is bull crap?
- Only six months : in six months you are the expert who is telling the whole world they are stupid?
- Only papertrading and studying: even not 1 real trade and already the conclusion that the 10,000 hours is for idiots?
- Kick ass computer that has incredible software: do you really think that a kick ass computer is necessary and that there is incredible software that will do the job? You need to work a lot of hours, not your computer.
- 4 monitors? LOL.
Why don't you buy a pair of Nikes and tell Tom Brady he is a loser because you have watched football for 6 months on the TV and you will build a better career much quicker then Tom did. Tell him he is a loser.
Because that is what you are basically telling.