For 7 years, I've operated a business. I have a secondary income.
I take a week here and a week there every year. Of course, the laptop comes with me.
Some weeks, especially in the first year or two, I spent more than 40 hours learning and trading.
Some weeks, I've spent less. On average though, it's been about 40 hours.
I'm not sure why you are probing anyways. The question was about 10k hours, I said where I'm at.
So for me, yes, I can see the 10k being relevant.
Strategy ≥ Money
Last edited by Massive l; February 19th, 2013 at 07:35 PM.
The following 2 users say Thank You to Massive l for this post:
The main question is this; does it take 10,000 hours to be successful? The myth comes from the definition of success.
Malcolm Gladwell defined success as being world class, so yes, 10,000 hours is probably necessary to achieve that level.
However, there are millions of successful people that are not world class but pay their bills, travel, contribute and otherwise define themselves as successful but are not world class.
I do think however, to arrive whatever level of success you desire, you should focus on a very limited number of things for an extended period of time. Very hard to be the master of many things concurrently.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
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You said 40 hours a week x 52 weeks for 4 years. To do this alongside a full time job would have you working 16 hours a day. Add in 4 hours for travel, eating etc and you'd be pushing 20 hours of wake time.
This level of activity would kill most people, so of course, I want to understand the level of dedication that sees a man put in "over 40 hours a week for almost 4 years straight. "
Tell you what, I have over 40 years in the markets as a swing trader. 2 years ago I went full time day trading and for a year my friend Massive taught me how to trade futures. I have posted every trade on another site since Nov and I have a 74% winning record. That's right. 74%. It's all posted with screen shots of every trade.
Do not doubt Massive because he's telling you like it is.
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I disagree. A few people are born with a God given talent and others like myself will never measure up. I have always been successful as a swing trader but today I have an exceptional record as a futures trader because I was taught by one of the best.
If I had 20,000 hrs I still would not be any good so my opinion is that you're either born with the ability to trade or you have someone teach you. Hope this makes sense.