The NO. 1 Secret Of Success In Trading

jinxu said:
From this post, I take you think 10,000 hours is a Max? What makes you think it couldn't be 100,000 hours for some others? This forum is fill with the vast deep graves of long past traders who never learned to swim (or quit posting).

The goal is to not be an optimist or pessimistic, but to look deep in to reality and be a pragmatic. "The road to hell is paved with good intentions."
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You mean they drowned like a frog on a lilly pad in a lake of pain? So sad!
 
jinxu said:
From this post, I take you think 10,000 hours is a Max? What makes you think it couldn't be 100,000 hours for some others? This forum is fill with the vast deep graves of long past traders who never learned to swim (or quit posting).

The goal is to not be an optimist or pessimistic, but to look deep in to reality and be a pragmatic. "The road to hell is paved with good intentions."
More...

I'm starting to believe that it did take you 10,000 hours. How does my post suggest that 10,000 hours is the max?

An earlier post. "LOL, One thing I've noticed about many members of ET, is that they twist and fabricate what was said by the OP so that they can make a negative comment"
 
Starspa said:
I'm starting to believe that it did take you 10,000 hours. How does my post suggest that 10,000 hours is the max?

An earlier post. "LOL, One thing I've noticed about many members of ET, is that they twist and fabricate what was said by the OP so that they can make a negative comment"
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High probability...low risk...small reward ..that the latter sentence is true..ROFLMAO
 
Starspa said:
I'm starting to believe that it did take you 10,000 hours. How does my post suggest that 10,000 hours is the max?

An earlier post. "LOL, One thing I've noticed about many members of ET, is that they twist and fabricate what was said by the OP so that they can make a negative comment"
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Uh, you assumed it would just take you 500 hrs to be successful? Here's the reality. You're not proven yet. You can well say it will only take you 500 hrs. But that is yet to be proven. Therefore it's just BS talk. You can say you'll one day make $1000 daily once you've make it. But still that's not proven and just BS talk.

Well it may have been 10,000 hours? I don't know as I haven't bother to add them up. I do know that the majority of those 10000 hours was following a lot of bad advice. With few but valuable hours of good advice inbetween.
 
Vindago said:
not sure I understand, let me see if what I understand is correct: lets say I have 50K$ capital, but I trade only 10K$ at a time, so the 100% a week would be 10K$? if so that might work with Forex and Futures as those 10K$ would be leveraged several times over (and even here I wonder...), but with Stocks how can you make 10K$ a week with 2 contracts of a stock valued 50$?

am I getting it right?
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I am daytrading futures ES. So what I post in general refers to that kind of trading. Not stocks nor options.
Daytrading intradaymargin is $ 1300-1400. So every week you should make $1300-1400. Or 26-28 points ES netto.
 
Starspa said:
Thank you, that was an interesting read and attached to the article are many articles that totally debunk the 10,000 hour myth. Just as I previously stated, there are many other factors unique to each individual. It may be 10,000 hours for some and 500 hours for others; now that I have read plenty of what experts say in this regard; I have a stronger belief in my original opinion.
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Just 1 small remark: a lot of traders NEVER make any money consistently. Regardless of the hours they spent.
 
jinxu said:
Uh, you assumed it would just take you 500 hrs to be successful? Here's the reality. You're not proven yet. You can well say it will only take you 500 hrs. But that is yet to be proven. Therefore it's just BS talk. You can say you'll one day make $1000 daily once you've make it. But still that's not proven and just BS talk.

Well it may have been 10,000 hours? I don't know as I haven't bother to add them up. I do know that the majority of those 10000 hours was following a lot of bad advice. With few but valuable hours of good advice inbetween.
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Reality? quite frankly, if you can't comprehend a sentence, how in the world can you read a chart?

That is twice now that you have written things that I have not written anywhere! Where have I ever stated that I assume or think that it will take me just 500 hours? Where did I say that I WILL make $1000 a day? Do you not understand English?

All I have ever stated is that 10,000 hours is an arbitrary number that is meaningless as there are too many variables involved to say that it would take that many hours for everyone. Nobody really knows!
 
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volpri said:
well NOW...if he is making 2000 month trading with a high win rate that is probably better than most low rollers on ET and will buy him a new pair of boots...several happy meals...a few steaks...may even get a few dates with some pretty ladies...(as most all ladies like shopping LOL). I wouldn’t knock it too much ...at least he is winning and doing so after 6 months..way better than most traders....go vicente! I say go!
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you are very close on how much i made so far ytd. i trade on all 3 accounts i have: cash, traditional ira, and roth ira. no mutual fund in any of those account. all in equities for day and swing trade. i'm up $4650 ytd as of today.

haters gonna hate. i'm gonna keep doing my thing. don't need to listen anyone but me.
 
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