10,000 hours to learn trading - Who wrote this rule?

Discussion in 'Trading' started by tomorton, Apr 4, 2018.

  1. Q.E.D.

    Q.E.D.

    I've traded mostly futures, full-time for 40 years; active (even past 12 months, had more than one day with > 1,000 lots,) and I think even now I'd be satisfied with just one mistake -- or more correctly, mis-judgment -- per hour.
     
    #101     Apr 7, 2018
  2. Q.E.D.

    Q.E.D.

    I'd take the other side of that bet. And to start, only those still trading after 10 years are eligible.
     
    #102     Apr 7, 2018
  3. schweiz

    schweiz


    Is that your total daily traded volume or is it the volume per trade?
    If volume per trade, how long to get a fill?
     
    #103     Apr 7, 2018
  4. Again, what skills u talkin bout? Clicking a mouse isn't a skill. It ain't about skills. It's about a type of personality. U feel me? haha
     
    #104     Apr 7, 2018
  5. Q.E.D.

    Q.E.D.

    Right, I should have explained. No, my typical order is 1-5 lots, not a thousand per ticket!
     
    #105     Apr 7, 2018
  6. Q.E.D.

    Q.E.D.

    First, I always take my smartphone to bathroom, with a position, using SPLASHTOP application, to just reflect what is on my trading computer, although if necessary, I could place an order thru SPLASHTOP.

    2nd: trading when ill, is almost always likely to be costly. But it is not the subconscious that helps there, IMO, but knowing very specific rules. For me, esp with ES is that stops need to be wide. Although I also have the emotional impulse to place close stops, that is just not how the mkts work.
     
    #106     Apr 7, 2018
    volpri and aldrums like this.
  7. Q.E.D.

    Q.E.D.

    One of my favorite quotes from Bruce Lee:
    I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.

    Apply conceptually to trading, it means it is not the number of hours, per se, but the particular expertise/experience learned during those hours.

    Read more at: https://www.brainyquote.com/quotes/bruce_lee_413509
     
    #107     Apr 7, 2018
    aldrums likes this.
  8. Nobody can tell a real trader from a fake one. LOL
     
    #108     Apr 7, 2018
  9. Q.E.D.

    Q.E.D.

    The margin clerks can.
     
    #109     Apr 7, 2018
  10. You need knowledge brotha. haha
     
    #110     Apr 7, 2018