what does it take to become a trader
- 4 days ago
- 1 min read
in the last millennia:
read a ton of books
attend seminars
learn computer skills
be able to hold a long position in a 30 year bull market
over the last 25 years:
all the above @ mastery level
have various systems for various market environments
create your own edges (extract new principles)
anticipate market cycles
now:
all the above and the ability to clearly accept what doesn't work anymore
CANI (constant and never ending improvement)
the ability to learn a new "language":
(the following artists imitate computer and machine generated music exclusively with their voice)
(headphones recommended)
develop your own edge at mastery level:
measure and compare:
integrate and stack known principles with your new ones:
team up and stack edges:
use principles from other fields:
extract the rules of your competition and use that knowledge to your advantage
reinvent yourself and become a master:
Through AI many loopholes have been closed
Arbitrage traders, pattern recognition traders and otherwise "logical niche" traders have lost their edges.
Without the willingness to go back to the drawing board there is no true consistency in an ever changing world
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