"You do not know anything until you have actually done it"- a comment made to me
A few years ago I wrote a book on ETF trading. I never published it but simply used portions of it to teach MBA courses on how to invest. It was fun to see the students apply the knowledge I was passing on to trade ETFs.
I wrote about it, taught it, so I must know it? Well, there is a difference between theory and practice. In theory I know everything that is to ETFs. Well maybe most things I I needed to know.
However, when I actively started to trade I quickly learned that I knew what to do but my execution sucked. Of course I thought it was the brokerage company. Maybe it was lack of real time data.
Nope it was me. Until I started to actually do it a lot, I did not know the many little steps that I failed to absorb and apply.
Today's question is:
"What do you know in theory BUT would have a difficult time applying?"
A few years ago I wrote a book on ETF trading. I never published it but simply used portions of it to teach MBA courses on how to invest. It was fun to see the students apply the knowledge I was passing on to trade ETFs.
I wrote about it, taught it, so I must know it? Well, there is a difference between theory and practice. In theory I know everything that is to ETFs. Well maybe most things I I needed to know.
However, when I actively started to trade I quickly learned that I knew what to do but my execution sucked. Of course I thought it was the brokerage company. Maybe it was lack of real time data.
Nope it was me. Until I started to actually do it a lot, I did not know the many little steps that I failed to absorb and apply.
Today's question is:
"What do you know in theory BUT would have a difficult time applying?"
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