The quote you included resonates: “We would estimate, very roughly, that a master has spent perhaps 10,000 to 50,000 hours staring at chess positions…”
Having interviewed many traders and reflecting on my own experiences, I agree that an effective ways to develop a good feel and understanding of the market is through observation. Taking meticulous notes on market movements, positions, and even personal emotions is invaluable.
Also, a significant growth driver in my journey as a trader was testing trades in real-time with real capital. Once committed to a trade, I had to see it through and manage accordingly.
I know you interviewed Cathie Wood. Reading this article makes me think that when it comes to finance, one day you can be considered a great expert and the next day a novice.
Thank you for sharing this, Giovanni.
The quote you included resonates: “We would estimate, very roughly, that a master has spent perhaps 10,000 to 50,000 hours staring at chess positions…”
Having interviewed many traders and reflecting on my own experiences, I agree that an effective ways to develop a good feel and understanding of the market is through observation. Taking meticulous notes on market movements, positions, and even personal emotions is invaluable.
Also, a significant growth driver in my journey as a trader was testing trades in real-time with real capital. Once committed to a trade, I had to see it through and manage accordingly.
Keep up the writing!
I know you interviewed Cathie Wood. Reading this article makes me think that when it comes to finance, one day you can be considered a great expert and the next day a novice.
https://quoththeraven.substack.com/p/cathie-woods-143-billion-implosion
Thank you very much Renato