It doesn’t have to take 10,000 hours if one learns the techniques from proper sources to deal with the psychological issues.
He's 47 and works in IT? I'd say he needs a lot more then 2000 to catch a babe. IT isn't that sexy of a field.
No, not double your capital every week, double you INVESTED CAPITAL every week. There is a huge difference between the two. Making 100% a week is not equal to doubling your capital, because that would be compounded investing. There exists also non compounding investments. At a 100% a week you don't need compounding to make good money.
I don't understand. What is this post for and how does the content relate to the title. Looks like a clickbait to me.
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?
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.
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."