The NO. 1 Secret Of Success In Trading

[viruscore1]

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?

What size are your four 4k monitors? Have you used 16 x 1080P monitors before?

 

[schweiz]

What size are your four 4k monitors? Have you used 16 x 1080P monitors before?

His profits are too big to put on less monitors. $ XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

 

[Starspa]

You believe that you know how things work and that 10,000 hours is bull crap?.

Yes, the 10,000 hour line is bull crap. I didn't say that I know everything.

 

[Starspa]

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.

What an analogy; so you are to trading as Tom Brady is to football? Did I say one person on this forum was a loser?

 

[Starspa]

• Only six months : in six months you are the expert who is telling the whole world they are stupid?

Did I say one person on this forum was stupid? Did I say I was an expert?

 

[viruscore1]

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?

Forget cherry wood, try wall-nut.

 

[Starspa]

What size are your four 4k monitors? Have you used 16 x 1080P monitors before?

I am going to be trading equities; therefore, it is a tremendous advantage to have a considerable amount of information, in my view, at the same time. I designed and built a desk that has 4 32" 4K monitors, which allows me to have as much data as 16 1080P monitors, right in front of me. I couldn't imagine having 16 monitors, one would have whiplash by the end of a trading day. The desk is a stand up/sit down desk, ergonomically designed so that the bottom of the monitors are lower than a standard desk, lower than the keyboard. I see so many pictures of traders with the monitors higher, causing them to tilt their head up, which causes incredible neck strain. The monitors are configured and tightly attached so that I barely have to move my head, just my eyes, to view all of the data.

I built a "kick ass" computer because of the large amount of data that is streaming in real time onto the 4K monitors. I do understand that trading other instruments, such as futures, does not require the system that trading equities does in order to have an edge.

 

[viruscore1]

I am going to be trading equities; therefore, it is a tremendous advantage to have a considerable amount of information, in my view, at the same time. I designed and built a desk that has 4 32" 4K monitors, which allows me to have as much data as 16 1080P monitors, right in front of me. I couldn't imagine having 16 monitors, one would have whiplash by the end of a trading day. The desk is a stand up/sit down desk, ergonomically designed so that the bottom of the monitors are lower than a standard desk, lower than the keyboard. I see so many pictures of traders with the monitors higher, causing them to tilt their head up, which causes incredible neck strain. The monitors are configured and tightly attached so that I barely have to move my head, just my eyes, to view all of the data.
I built a "kick ass" computer because of the large amount of data that is streaming in real time onto the 4K monitors. I do understand that trading other instruments, such as futures, does not require the system that trading equities does in order to have an edge.

Cool! I was also thinking about dropping 4k monitor(s) lower than keyboard to limit head/neck movement. I have 40" 4k monitors. I find text size minimal, anything smaller will be painful, I wish i went with 43". Let me know how 32" monitors workout at 4k resolution. Although, you may increase font size to reduce eye strain.

 

[watchdaride]

Oh euphoria of the newbie . Having consistent profit for 3 yrs means you are a successful trader not 1 month of profits .

 

[Starspa]

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.

This, without question, is the most valid point in response to my post. Even in Sim trading I break my rules all of the time, usually by revenge trading to get back a loss, which was caused by not following my rules in the first place.

It is the psychology factor that certainly may take some minds up to 10,000 to master, I know it has nothing to do with IQ, it is 100% the ability to control the mind. Since every mind is different, the more accurate statement would be; "it is unpredictable of how

capable each unique​

person is in controlling their mind during the act of trading; therefore it is possible that it could take up to 10,000 hours or more, before they master the art.

As it relates to an earlier analogy; I doubt it took Tom Brady 10,000 hours to master his gift and most people on this planet couldn't do what Tom Brady does after 1,000,000 hours. I am, unfortunately, extremely analytical and to me the blanket 10,000 hour statement, for all people, did not make sense. I am sorry to those that thought my statement was meant to imply that they are stupid; it wasn't.