Does anyone else see resemblances between learning to trade and learning whatever art they've learned? Also, the mental toughness you need to withstand competition and setbacks as an artist. The self questioning. Needing to really strip back the layers and understand what you are doing, and why. I spent the first half of my life as a painter and designer and now, am devoting the second half of my life to trading. I am finding my art skills are coming in handy in so many ways, psychologically, not just in finding shapes in the charts, and am wondering if there are any musicians or dancers or any other artists who find correspondences to the artmaking process, too.
How do you determine the middle of your life? I mean how do you know when the second half of your life started? I don't know yet.
I believe in training. As an artist - other than having talent for what you want to do - you need 10,000 hours of training to make it into the top notch. The training needs to be accompanied by a teacher, or it least there should be feedback leading to a change of habits and improvement of skills.
The same is true for trading. You will probably need 10,000 hours of training and make use of feedback to understand your weaknesses. Or put otherwise: An expert is somebody, who had made all possible mistakes.
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I see a lot of parallels between music and discretionary trading. One has to have a predisposition, or talent, if you will, but one also has to work hard. It's a fine balance between mechanical execution and going with the flow/improvising...
Yes trading is a performance, which is skill based. However, I would see even more paralles between sports and trading. For both sports and trading the final evaluation is a score that depends on you and your competitors. If you want to score high, you need to beat your competitors.
Music or art is less of a competition. Also, I would not think that art and music are zero sum games. Trading certainly is.
Indeed, and I've made that comparison multiple times on this forum. It all depends on one's trading style, though.
There certainly is a rhythm to the market that I tap into, and that is the same feeling I get when I play/make music.
It's strictly intuitive, but it builds on fundamental knowledge. I find it quite similar to improvising while playing music, or when one strikes the ball perfectly, knowing that it will be goal as it leaves one's foot.
That only applies to price action trading, though. For all other kinds of trading, it is certainly more useful to play board/card games, or gamble, and think strategically. That builds a different kind of intuition, as one's brain constantly models different scenarios and probabilities in a more productive way than the arts.
Trading is cut-throat, but I find it best to remain perfectly calm... I let the others come to me...
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I've always looked at trading as both a mathematical challenge as well as a creative challenge. I've always been into art (drawing, painting, etc.) and have always fueled the creative side of thinking but have also grasped the mathematical side to a degree. Creating a successful trading method tends to require a good open mind and creativity in my opinion. Those who look to copy other traders methods exactly aren't taking advantage of that. While it's good to learn other people's methods, it's equally if not more important to make it your own which requires... an open mind and creativity to tweak the things you've learned and make it your own. So yes, this makes perfect sense.
You can put your boots in the oven .... that don't make 'em biscuits.....
You can take art classes until the day you die... but if you weren't born with some degree of artistic ability ... you will never make a living from your art... well ...unless your name is Jason Pollack... wtf is up with drizzling paint on a canvas ....
But then again I have shown trading guru's a Pollack painting and told them it was a chart and they immediately pointed out support and resistance
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
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