The Lazy Trader And The Screen-Time Myth

By | March 4, 2015

This post was triggered by an article on Tradeciety: Why Being a Lazy Trader Will Make You Profitable. I wrote a reasoned comment at that time but here we are two months later and it still hasn’t been published. That makes me wonder why would you put a comment form in the first place if you’re not willing to engage with your readers. The article, if we manage to overlook that horrible metaphor ‘lazy trader’ makes sense more or less, with one glaring exception: ‘The Myth of Screen-Time’ paragraph.

The author starts the paragraph by bashing the 10k hour concept as applied to trading. For those who haven’t heard of this concept before, it originates from Malcolm Gladwell’s book Outliers: The Story of Success. Gladwell posits that one needs ten thousand hours of practicing a skill before getting very good at it. If that number is the correct one or not, it doesn’t really matter, the essence behind it has been known for a long time, hence the saying ‘practice makes perfect’. If we agree with the obvious fact that one needs experience before hoping to become proficient at something, how can we say that it isn’t so with regard to trading ? It doesn’t make any sense.

The paragraph continues with the inept comparison between someone who watches TV series and movies for thousands of hours without becoming a Hollywood director and the trader who wastes time being glued to the screen. Over 99% of people watch TV and movies for various reasons: because they enjoy it, to pass the time, socialize and so on, which have nothing to do with them wanting to become a Hollywood director. What does that have to do with a trader studying charts, reports, news as part of a working process with a definite target: to become a better trader.

The type of trader your are, short term or longer term oriented, will  influence the daily screen time required. But before you can really call yourself a trader, there’s no getting around putting thousands of hours in front of the screen.

17 thoughts on “The Lazy Trader And The Screen-Time Myth

  1. Online Marketing Tools

    You could definitely see your expertise within the paintings you write. The arena hopes for even more passionate writers like you who aren’t afraid to mention how they believe. All the time follow your heart. “Experience is a good school, but the fees are high.” by Heinrich Heine.

  2. atraso de voo direitos

    I’m extremely inspired along with your writing talents as smartly as with the layout on your blog. Is that this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it’s uncommon to peer a nice weblog like this one nowadays..

  3. site

    It¦s really a cool and useful piece of info. I¦m happy that you simply shared this useful information with us. Please stay us informed like this. Thank you for sharing.

  4. tile cleaning

    I simply couldn’t leave your website prior to suggesting that I actually enjoyed the standard info an individual supply on your guests? Is going to be again steadily in order to check up on new posts

  5. The Almost Done

    What’s Taking place i am new to this, I stumbled upon this I have found It absolutely helpful and it has aided me out loads. I’m hoping to contribute & assist other users like its aided me. Great job.

  6. Mauro Paddock

    There are those who engage in this type of trading without sufficient knowledge; however, there are day traders who make a successful living despite, or perhaps because of, the risks.

  7. jamb runs/runz

    I’m impressed, I must say. Actually rarely do I encounter a weblog that’s each educative and entertaining, and let me let you know, you’ve got hit the nail on the head. Your thought is excellent; the issue is something that not enough persons are talking intelligently about. I am very blissful that I stumbled throughout this in my seek for something referring to this.

  8. InventHelp Innovation

    F*ckin’ amazing things here. I am very satisfied to peer your post. Thanks so much and i’m taking a look forward to contact you. Will you kindly drop me a mail?


Leave a Reply

Your email address will not be published. Required fields are marked *