Discussing Spartak, an elite Russian training program for tennis players, the article explains:
If Preobrazhenskaya's approach were boiled down to one word (and it frequently was), that word would be tekhnika - technique. This is enforced by iron decree: none of her students are permitted to play in a tournament for the first three years of study. It's a notion that I don't imagine would fly with American parents, but none of the Russian parents questioned it for a second. "Technique is everything," Preobrazhenskaya told me later, smacking a table with Khrushchev-like emphasis, causing me to jump and reconsider my twinkly-grandma impression of her. "If you begin playing without technique, it is big mistake. Big, big mistake!"
So there you have it: why so many traders fail. They begin trading without technique. They try to develop their trading accounts before they've done the work to develop their brains.
Technique develops brains: the implications for the development of traders are profound.
Someday, a trading firm is going to get it and become the Spartak of the financial world.
Hats off to Camron Systems for recognizing the importance of the article.
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