DislikedI disagree. More than 1% have what it takes. They just dont post much.Ignored
I created this debate by limiting the number to 1% and referencing the 'ELITE'. If I had said, less than 5%, few would have argued my point. 1% or 5%, the point is.... 95% or 99% are not willing to do what it takes.
Not to be hard or the 95% or 99% (of us) when not willing should also include not understanding or not willing to properly learn exactly 'what it takes'.
We ALL 'have what it takes' because we ALL have the divine within us and our potential is limitless. But we need an opportunity and a 'discipline' and the will power to achieve greatness. The very reason why so many may be drawn to such opportunities is we have all been endowed with a spark of the divine, an inherent desire within us all to succeed.
The problem of the 1% and 99% is, the discipline here is not well or clearly defined. That is the trap and also the reward. Like the miner searching for gold in the barren wilderness, or the diver searching for pearls in treacherous shark infested waters.
My point is... are we WILLING TO DO WHAT IT TAKES? Even when given an opportunity and a discipline. And do we have the will?
I speak of a 'discipline' as a structured environment of learning. For starters, this forum or the resources offered here do not quite qualify for most of the 99%.
In this arena, because the discipline is so poorly and purposely ill-defined less than 1% will do what it takes. I would venture to say, most because they lack the understanding of 'what it takes'. 99% will never received proper training and therefore will never know what it takes.
Compared this to medicine or any other discipline involving 3,000 hours of professional study or training (plus post-graduate) after an equal number of hours in under-graduate schooling before a dime is earned (or lost). In the professional world, we basically begin with a loss, the great expense of education and business set-up. Imagine that in our trading. Maybe then our trades would be more measured with rules (and a discipline) more carefully followed but first learned.
If I had been told, here's the list of books, here the library, here the internet, here are the general topics and the links to learning... come back in 8 - 10 years when you feel ready then you may sit for your boards... would I have had the 'discipline' to achieve? Scary thought. Thankfully, schools are there to provide the 'discipline'... as costly and as painful as it may be to be among those 'spoonfeed' students. The other alternative is knowing that 99% of us students of any age lack the self-discipline to pursue a course of self-schooling of that magnitude that could lead eventually to successful graduation into the 'elite'.
My point is... you read the words of those who might be considered among the elite in trading... those who HAVE ARRIVED... (fortunately for us some stay around or return to these forums to give back - which is an even higher law or principle) and you learn they DID WHAT IT TAKES and it involves much the same higher level of self-training and development and more likely an even 'higher standard' of self-discipline, learning, experience and of focus that 99% will never achieve.
My point is... less than 1% is willing or lack the ability or understanding to do what it takes and the results are so transparently obvious.
Blown accounts clutter the market battlefields. Many never have the proper guidance or training to avoid the catastrophic loss or discouragement that sends so many of them away, never to return. If you don’t agree, look at how many visit the FF forums at any given moment. Look at how many are still around next month or next year or 3 years from now.
My point is... despite given the will and the opportunity, with circumstances mostly in our control, less than 1% ever visit that zone which I'm told includes thousands and thousands of hours of screen time and study... clearly the equivalent or beyond of any major profession. For this reason, in certain respects because of the 'poorly defined discipline'... the forex is much much harder. Witness all the failures.
I didn't say less than 1% of all traders are capable of achieving. Only 1% are willing.
Raise your hand if you trade full-time and make more than you ever made in the best years of your original careers AND if this has put you above 95 - 99% of wage earners in any field in your community or neighborhood.
Now raise your hand if when first entering this experience you avoided trading live even for 6 months or a year because you had chosen to get proper training and master the 'discipline' first and pursue a higher standard such as that given by James 16 in his 'MINIMUM REQUIREMENTS'.
Sure we could all do this... but are we willing. Seems so easy.
Still only 1%, if you are talking ‘elite’.
Forget the numbers.... why trade live if you haven't gained the training first... because we are permitted to do so. This is a jungle because all are allowed to enter without any certification, without any testing or training or credentials. Pay and play.
Congratulations to all the “want to be’s” who are intent on achieving and those others who truly are in the 1% or 5% or even top 10% in trading who have achieved. I'm not in your company… maybe one day I'll get 'discipline'd and change my avatar.
In the meantime, on the basis of my forex skills, I am limited to ..... sleepinginadumpter.
Dr. D.
