Building expertise: beyond the 10,000 hours
This post is a followup to my recent post which looked at Malcolm Gladwell's 10,000 hour fallacy. That post focused on what is wrong with pop science soundbites. This post…
This post is a followup to my recent post which looked at Malcolm Gladwell's 10,000 hour fallacy. That post focused on what is wrong with pop science soundbites. This post…
Have you ever heard someone say they are "working toward their 10,000 hours?" I'm sure everyone reading this has heard of the "10,000 hour rule": the idea, drawn from Malcolm…
Trading is great—you’ll have no boss, can work whenever you want, and make boatloads of money! (Or so the email I got from a MLM forex scammer this morning tells…
"I'm looking for a portfolio that will make about 20% a year but I don't want any down years." "Can you give me a hedging strategy with options that will…
One of the frustrating things about current market action is that very few setups have good followthrough. We can follow a market faithfully for weeks, wait for the best possible…
Do you ever work really hard and feel like you got nothing out of it? Or, even more to the point, ever work a long time on developing a skill,…
A trader I work with, Glenn, sent me this note: Adam, I think this would be an excellent blog post because when it happens it is so frustrating. I got…
A reader, Denys, sent me a question this week: Dear Adam, . In short, i've been doing some trading for about a year and read dozens of different books and…
Let’s face it—we need a lot of skills to get through life. Even the basic day to day requirements can be daunting, and most people have specialized skills in certain…
I’ve been talking a lot with new and developing traders, doing some one on one work, and also hanging out in some forums that cover a very wide range of…
There are patterns in market prices—of this, there is no doubt. Some small set of these patterns even can help us with our trading and investing. Some are worthless. And…
In trading and investing, there are good losses and bad losses. This post is about the bad losses, but let’s begin by touching on the good losses. A good loss…
I spent much of the last two weeks or so traveling through the south west of France (think in the direction of Toulouse, toward Spain), and had a chance to…
Continuing from my last post, here are the rest of the questions my friend asked me to expound upon. What is Risk Management and should it be lumped together under…
An interesting debate emerged in the comments to one of my posts. In the post, I had suggested the discipline was the most important thing; a reader countered that patience…
Glenn comes back today with another good question. Here's his full, unedited question: Your many hats, your one job, the one and only thing that matters. For what it is…