The 10,000 hour rule
There is a theory that 10,000 hours of deliberate practice will turn a person into a master of their craft.
What does 10,000 hours look like in real life?
- 1 hour a day: 10,000 days or approximately 27.4 years.
- 3 hours per day: 3,333 days or approximately 9.1 years.
- 5 hours per day: 2,000 days or approximately 5.5 years.
- 8 hours a day: 1,250 days or about 3.4 years.
Perfection is achieved by practice, not time
You can trade 20,000 hours and achieve nothing if you keep making the same mistakes over and over again. Every hour of practice should be focused on improvement, analyzing mistakes and learning new knowledge
First 1000 hours
1000 hours is the minimum threshold of time needed to gain basic skills and knowledge in trading. The next stage is to correct mistakes and work on your own shortcomings
Success in trading depends not only on the amount of time, it depends on the quality of practice. 1 reply
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