10,000-Hour Rule

In his recent book Outliers: The Story of Success, Malcolm Gladwell describes the 10,000-Hour Rule, claiming that the key to success in any cognitively complex field is, to a large extent, a matter of practicing a specific task for a total of around 10,000 hours.

10,000 hours equates to around 4hrs a day for 10 years.
asr: 1) Bulkowski put these 10,000 hours , ofcourse he might have put 8 hours a day , so it might have took him 5 years.
- 2) Mr. K must have put 4 hours a day that is ( outside trading ) for 10 years for sure.
3) The amount of time spent on their trading outside of trading hours (preparation, reading, etc.);

For some reason most people that 'try their hand' at trading view it as a get rich quick scheme. That in a very short space of time, they will be able to turn $500 into $1 million! It is precisely this mindset that has resulted in the current economic mess, a bunch of 20-somethings being handed the red phone for financial weapons of mass destruction. The greatest traders understand that trading much like being a doctor, engineer or any other focused and technical endeavor requires time to develop and hone the skill set. Now you wouldn't see a doctor performing open heart surgery after 3 months on a surgery simulator. Why would trading as a technical undertaking require less time?

Trading success, comes from screen time and experience, you have to put the hours in!