Those who read this blog regularly are aware that I am a massive advocate of regular reading, and a large advocate of the Sports Trading Academy. So, when Robbo, TSTA´s head honcho and trader, suggested a book to me, it was purchased immediately.
The book in question is titled Bounce and it examines the truth behind the idea that some people are born with "natural talent". Rather, it quashes the myth.
When Robbo described the book and it's contents, the first example I thought of that would disprove the book's point was Mozart. A child prodigy who penned his first music whilst little more than an infant. Ironically, Mozart was one of the first examples addressed in the book and took the wind out of my point with little effort.
The book is good and, though I'm about to relay much of it' s essence, I'd still advise reading it.
After extensive, expert research and endeavour, the author boils it down to this; in order to achieve The level of "master", to have a sixth sense understanding of something, the kind that would deliver the type of success you associate with Tiger Woods, you would need a minimum of 10,000 hours practice. Much of which would ideally take place from a young age.
That's great if you have the spare time to allocate. However, one can be fairly sure, if you were able to allocate a fair portion of this time, you could reasonably expect to become proficient enough to be labelled "decent".
I've pondered on these aspects over the last few days and made a decision. Trading horses pre- race is a dark art to me. I have improved of late but am still lacking the necessary skill level to suggest I could make a living out of that trading alone, far from it. Since returning to the corporate world I have a great deal less time available, however, from this week, all of my trading time will be dedicated to trading horses pre- race. And each individual hour will go toward reaching an overall target of 1000 hours, just a tenth of the suggested time it takes to create a "master". Would I be happy with just 10% of Tiger Woods' success? What do you think?
I've calculated being able to trade/practice for around 8 hours per week, outside of my football trading, which should see me complete the project around mid 2015. Of course, should the practice improve my trading quickly, this practice time will in fact be trading time that, by proxy, sees me become a better pre race trader. Almost a self fulfilling prophecy.
As the enormously talented Roy Castle said "Dedication' s what you need."
Wish me luck.