Subscribe now and watch my free trend following VIDEO.

Luck Favors the Prepared and Persistent

James Altucher‘s latest blog post “The Ultimate Cheat Sheet for Mastery” is worth a read if you want to know what it takes to truly master something. An excerpt:

At some point you have to cook 10,000 meals. Or play a million hands of poker. Or 1000s of games of chess. Or start 20 businesses.

Very few are successful right away. That would require too much luck and luck favors the prepared and the persistent.

In those 1000s of whatever you will encounter much failure. We all know that the best baseball players in the world are enormous successes if they strike out “only” 70% of the time.

When my dad died I went to his house and logged onto this chess account. I saw that he played about 30,000 games. He never got any better.

A lot of people can play the 10,000 hands of poker and never get better. Or bake 1000 cakes and never get better.

You have to remember your experiences, study your failures, try to note what you did right and what you did wrong, and remember them for future experiences.

Will future experiences be exactly like the old experiences? Almost never.

But you have to have the ability to say “Hmm, this is like the time four years ago when X, Y, and Z happened.”

Read entire article here. Good job James.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Ep. 92: Cheat Sheet for Trading Success with Michael Covel on Trend Following Radio

Cheat Sheet for Trading Success with Michael Covel on Trend Following Radio
Cheat Sheet for Trading Success with Michael Covel on Trend Following Radio

Please enjoy my monologue The Cheat Sheet with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

Learn to be a trend following trader.
Sign up free today.