Link: The Importance of Hard Work

May 3, 2009: 10:00 PM CST

I wanted to share an inspiring post by Mike Bellafiore of the SMB Training Blog (and co-founder of SMB Capital) entitled “10x equals x“.  In the article, Mike discusses a disturbing trend in newer traders (in terms of assumptions) and shares his thoughts on the solution.

He introduces the post with a challenging statement:

“These new traders believe that if their work output is X then their reward must be X.  If only that were the case.  When you begin as a trader, your work output must be 10x to make x.  Let’s discuss.”

Further, “Potential absent sustained effort is not rewarded by the market.”

Find out more of what Mike has to say from his experience as a ‘trader trainer’ in their intensive training program and how you can start doing what you need to in order to achieve trading success – hint: it might be more work than your expect when you get started!

Corey Rosenbloom
Afraid to Trade.com

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