Bounce Intl: Mozart, Federer, Picasso, Beckham, and the Scie

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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CaerMyrddin
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Imho, the truth is somewhere in between, probably there isn't such a thing as one rule fits all.

You are a talented individual, so changing your set skill is probably easier.

Practice simply has to improve your skills, but there must be some kind of threeshold for this improvement. You can argue that it's a trailing stop (pun intended) but even the potencial to push it further must be limited, imho

In no way I'm trying to diminish the power of practice!
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Euler
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The Most Successful People Practice Better, Not More

http://www.businessinsider.com/how-succ ... z2cXNMouch
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Euler
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COMPLEXITY AND THE TEN-THOUSAND-HOUR RULE

http://www.newyorker.com/online/blogs/s ... l?mobify=0
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Euler
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Malcolm Gladwell: The Power of the Underdog

http://www.cbsnews.com/videos/malcolm-g ... -underdog/

How Bill Gates inspired the book, "Outliers"

http://www.cbsnews.com/videos/how-bill- ... outliers-2

Life lessons from the best-selling book, "Blink"

http://www.cbsnews.com/videos/life-less ... ok-blink-2
stevequal
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I am big fan of Gladwell's books. I remember the first time, I read the Tipping point and was like wow. Some critics say his work is too obvious, but in that very observation there maybe a lesson.
andyfuller
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Can 10,000 hours of practice make you an expert?

http://www.bbc.co.uk/news/magazine-26384712

Reminds me - I still haven't got around to reading the book Bounce, it has been sat on my shelf for years now! Something to do tomorrow after my run.
andyfuller
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Not had time to read it yet myself:

Ditch the 10,000 hour rule! Why Malcolm Gladwell’s famous advice falls short:

http://www.salon.com/2014/04/20/ditch_t ... pockethits
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gazuty
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andyfuller wrote:Not had time to read it yet myself:

Ditch the 10,000 hour rule! Why Malcolm Gladwell’s famous advice falls short:

http://www.salon.com/2014/04/20/ditch_t ... pockethits
Good article but doesn't invalidate the 10,000 hour rule (it does validate the over hyped misleading headline rule). Just gotta space them out.
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gutuami
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spiritual teachers talking about 10k hours practice

https://youtu.be/Zb3_wqX7yNE?t=24m17s
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Euler
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Can you win at anything if you practise hard enough?

http://www.bbc.co.uk/news/business-31945687
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LeTiss
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That's quite interesting

A few years back (I can't remember where I saw it) a guy left his job for a year to become a professional darts player (even though he'd never played the game).
He was convinced that with 8-10 hours practice a day, he'd be challenging Phil Taylor within 18 months.

I've never heard of him again

It just shows that trading itself is not for everyone, even with the greatest will in the world. I've known people more intelligent than myself totally fall by the wayside in this game
Last edited by LeTiss on Wed Apr 01, 2015 2:53 pm, edited 1 time in total.
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Euler
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Personally I think passion has a lot to do with it. I tried to teach somebody who was devoid of passion for sport and trading and despite showing them exactly what to do and when, they couldn't do it.

The only thing I didn't do was shove wads of cash in their pocket and I came to the judgement that this was the only way they would make money. Passion, drive and desire can make you perform amazing things without it, you can't do a thing.
PeterLe
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Euler wrote:Can you win at anything if you practise hard enough?
No - ever tried winning an argument with the wife? Even when you win, you lose :D
PeterLe
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Matthew Syed (Author: Bounce) has a new book out - Black Box thinking (not HF Trading! :D )

Going to download the kindle version to take on my hols
andyfuller
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PeterLe wrote:Matthew Syed (Author: Bounce) has a new book out - Black Box thinking (not HF Trading! :D )

Going to download the kindle version to take on my hols
Let us know what it is like please.

A bit about the book: https://www.youtube.com/watch?v=sGiu6_3u5OY
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