Time spent learning the craft of trading.

Discussion in 'Trading' started by danielc1, Oct 24, 2020.

  1. danielc1

    danielc1

    Some of you know that I mentor some in to trading. I have made up a chart of time spent to learn the craft. For every chapter there are books I can recommend for reading and understanding the topic. So if someone want to know more about one of the items on the chart and wich book/material it covers, shoot. mindmaptrading.jpg
     
    Opcodes, formikatrading and Nobert like this.
  2. Dazz

    Dazz

    Your presumption that effective trading can be learned is wrong:

    1. there are 2108 futures " trade rooms" that I have on my master encyclopedic list; only 28 trade.
    2. Since 98.% do not trade - but sell- we must conclude trading is really hard , why else would not one do it.
    3. Trading is known to be massively competitive, beyond Olympic level competition - every day - and algo dominated.
    4. To trade successfully as an individual human, since so very very few do it, seems to require some form of true talent
    5. True talent by definition is very rare so you probably do not have it nor your students.
    6. True talent cannot transferred by teaching and mentoring; you cannot absorb it.
    7. Point in fact: after teaching and mentoring by 2080 sites, 90-95% of traders go on to fail.
    8. "Learning the craft" as you call it better applies to embroidery and sewing; trading is a massively competitive, algo dominated, zero sum event against tens to hundreds of thousands unseen predatory traders, such as JP Morgan.
    9. And and all claims of "successful education" cannot be substantiated, verified or authenticated.
     
    Last edited: Oct 24, 2020
  3. zghorner

    zghorner


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  4. danielc1

    danielc1

    tenor.gif
     
    Heydrrich likes this.
  5. Dazz

    Dazz

    worthless.
     
    Last edited: Oct 24, 2020
  6. Dazz

    Dazz

    Last edited: Oct 24, 2020
  7. danielc1

    danielc1

    I do not mean to be annoying, disrespectful or irritating to you. I just do not care about the posters on the thread with their ongoing dispute of everything that has been stated by an OP. It is not only here, it is in everything on this forum and it is tire some to even respond to such opposite views. Especially to the people that have been here for more then a decade to share insights.
     
    SimpleMeLike likes this.
  8. Hello Dazz,

    I agree with you and this is a worthy post you have made.

    Thanks for telling-it-like-it-is.
     
    TimtheEnchanter, cafeole and Dazz like this.
  9. Good Morning danielc1,

    I see ALOT of people going against @Dazz lately. Why is this? He is stating valuable information to traders and preventing them from going down the rabbit hole and a lot of confusion and money loss.

    I think Dazz brings great value. This is from someone who has lost nearly $4000 in those chat rooms a few years ago.

    Keep going @Dazz and challenge everyone with your experience.
     
    Last edited: Oct 24, 2020
    Dazz likes this.
  10. Dazz

    Dazz

    thank you SLM- I saw a video on why traders fail and fail and fail and it opened my eyes.
     
    Last edited: Oct 24, 2020
    #10     Oct 24, 2020
    SimpleMeLike likes this.