Good morning☀

The weekends were really hot, weren’t they…?

This summer also looks hot, doesn’t it?

This year will be another busy summer with baseball⚾,

so I’m the one researching cooling goods for sportsｗ

Now, today’s lesson is“The 10,000-Hour Rule”。

I’ve talked about it before, but since I can’t find where I wrote it, I’ll explain it again briefly:

That to become proficient at anything, 10,000 hours of practice or study are required.

I have a pharmacist license,

6 hours of classes per day × about 300 days per year × 4 years (note: currently a 6-year system)

even by that calculation it’s 7,200 hours.

In reality, most afternoons are spent in experiments, so the study itself is even less…

Even generously, 7,200 hours.

It’s nowhere near 10,000 hours, is it?

So I think you can only obtain a national qualification by sacrificing sleep and studying hard.

But at this point, you’ve only just started as a pharmacist.

On the job, you’re almost completely not a reliable asset?

I also remember being on the job and realizing I couldn’t have real conversations with doctors, feeling the lack of skill…?

So what about traders?

If you have to study, verify, and practice for 10,000 hours before you can even stand at the starting line…

Are you all starting now?

I recall receiving DMs like this when I was teaching in the salon.

“I started trading, gave it my all for three months, but I can’t win at all. Is this a scam?”

Three months…?

Only…? (Sorry for the harsh wording????)

This person was a working adult, so I assumed they studied after work, but

for a working adult, isn’t 3–5 hours after work the limit for study?

Even if it’s 5 hours, 3 months (90 days) would be 450 hours…

No, no, no…

When you put it into numbers, how little it is, right?

If you truly dedicate yourself for three months…

Probably not.

In sports, those with good athletic ability might reach it once, but if you think of “stable,” “top-level players,” I don’t think it’s possible, do you?

Any grown adult should understand this,

and when explaining to children, surely you’d tell them“It’s not that easy.”, wouldn’t you?

But why do people expect to earn consistently in a few months in investing?

It’s perplexing, isn’t it?

To master Bollinger Bands10,000 hours

To master reversal Zones10,000 hours

To master Elliott Wave Theory10,000 hours

To master Ichimoku Kinko Hyo10,000 hours

Let’s approach it with that level of resolve.

If you can think that way,

you’ll understand that chasing the Holy Grail by hopping back and forth is folly.

Also10,000 hoursmeans starting over from the beginning, doesn’t it?

First, pick something that seems right to you!

Dig deeply into it

until it resonates with you

and give it your all.

In practice, indicators like Bollinger Bands and reversal Zones will start feeling rightbefore you reach 10,000 hoursand you’ll get a sense of it, you know?

As I’ve said many times,

“Markets are driven by thinking.”

If you’re dreaming of making money in a few months, you’ll never be able to sustain it.

Let’s take it seriously.

I thought 10,000 hours of verification would be impossible while working,

(note: it would take about five years by calculation)

so I decided to do 10,000 trades with Forex Tester first.

In about six months I ended up with around 30,000 trades, and I kept good records, which was very educational.

As a result, although P/L fluctuated, the yearly total turned positive.

So from year one I’ve been able to maintain a positive balance for over 10 years?

(Note: at first the lot size was small, so only a few tens of thousands in profit…)

If you haven’t started earning yet, please,

start by changing your mindsetand face the market seriously?

(Note: below, for members only.)

June 19 (Mon): Nikkei 225 vs Russell 2000 (Course: First, Change Your Thinking! “The 10,000-Hour Rule”)