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To all traders who have made it

Just a few questions on learning algo trading,

What are the biggest mistakes and myths you see in algo trading learning? What are the biggest wastes of time?

If you were to teach me for four weeks for an algo trading competition and had a million dollars on the line, what would the lesson plan look like? What if I was taught for eight weeks?

Even at your level, what mistakes are most common?

Thanks guys.