Friday, August 3, 2012

Stock Trading For 10000 Hours


Lately I have been obsessed with the 10000 hour rule. In Malcolm Gladwell book Outlier, he writes about how 10000 hours of “deliberate practice” can make a person an expert.

I have been building a stock trading strategy for the last 2 to 3 years. I have failed many times in picking stocks but for the last half of 2012, my stock trading success rate has gone up. For the last half a year, I usually spend a one to two hours picking stocks at night and sell the stocks the next morning. I have probably put more than 1000 hours in developing and practicing my stock trading on an online simulator and Microsoft excel.

 I am 21 about to turn 22 year old and thinking about quitting school to hone my stock trading craft because if I start studying and practicing now, by the time I am 30 years old I would be an expert or closes to an expert level. My parents are worried for me, which makes me worry. I know I can make money on a simulator, but can I make money in real life in the stock market.

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