What It Takes To Become An Elite Trader

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Old Nov 3, 2017, 2:00pm   #1
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What It Takes To Become An Elite Trader

We've just published a new T2W article called "What It Takes To Become An Elite Trader" by Alan Farley.

Quick Summary: Alan Farley covers the qualities needed to become a consistently profitable trader.

PS. Don't forget to rate the article after you've read it and share your comments on this thread.
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Old Nov 4, 2017, 12:27am   #2
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Re: What It Takes To Become An Elite Trader

Can't argue with that.
Only it took me more like 7 years rather than three.
The part about teachers , I would say only study from historical teachers, which history provides evidence of long term profitability . It does not matter how long ago because market patterns have always been the same and always will be.
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Old Nov 4, 2017, 1:49am   #3
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The author of the article describes a number of things that are important to success. While I don't disagree with them, most of them are generic in nature and are just as applicable to any other profession or business endeavour.

Importantly is trading a business or a profession? If it is a business, then the focus is developing core business practices. If it is a profession, the focus is on developing core competencies.

If it is a profession, can core competencies be self taught? Are there successful self taught doctors, engineers, accountants, et al that you know of out there? I think the biggest problem is the myth that if you treat trading as a business and you have some acquired trading knowledge you will be successful. It is the logic that all dogs are mammals but not all mammals are dogs.
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