2014年10月7日星期二

Secret to be a successful trader

The secret is that there is no secret at all. All learning material can be found at public domain. From 1980s, there is serious research on every aspect of stock market that you can imagine. If you are motivated, you will spend time to dig them out. Find out and convince yourself what's working and what is not working.

    Learning and get the knowledge about the market is just step1. The key and 90% of effort is to build up the procedure memory, divide the complex trading system to smaller task: setups, risk management, market timing ... extensively practice in real market till get perfection on all of them. After spending thousands of hours and solved all issues no matter how tiny it is (without blow up your account), you are likely to be successful (which means get consistent result in stock market)

   A very good article regarding how to effective practice and get expertise. (For those who can read chinese). This really fix the gap between "know it" and "you can do it".

   How to practice for 10000 hours.

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