I think this mindset applies to many aspects of life (or performance related occupations)…it’s ultimately why there are elite performers and a vast majority of also rans
a theory about good vs. bad traders
- Thread starter pinetboltz
- Start date
I think this mindset applies to many aspects of life (or performance related occupations)…it’s ultimately why there are elite performers and a vast majority of also rans
Of course it doesn’t, but if you’ve ever been around the types of people who are ready excuse makers, then you can relate to the point the OP is trying to make.
Those teams pre free agency were basically all pros at every position…could make the case that he was a reasonably decent qb surrounded by world class talent at a time where they had a dynasty
In the late 90s and early 2000s I enjoyed playing bullet chess, had a ok rating for my goals. There was a mean, nasty trash talking kid who loved killing us on Chessdotcom. He became World Champ! I guess being nasty and trash talking about “being the greatest” did not affect Nak.
If ya got talent, ya got talent…
along those lines i always thought trading should be an olympic/ esports event
have each country send a team, eg. 4-5 of their top traders and have them trade sessions throughout the summer televised in front of a world audience
my predicted rankings would be,
#1 - US, bc the team would prob have a decent edge but also be the most confident in using leverage
#2 - Japan, they seem to have quite good day traders (eg along the lines of BNF, CIS, tesuta), but prob would be a bit more conservative in leverage
#3 - wildcard, maybe a tossup between France (bc the ecoles guys seem to always come up with esoteric but somewhat profitable trades, that few others are doing) and Australia (bc they seem the most detached/ able to cynically trade regardless of central bank positioning)
lol tongue in cheek only
I think this may be true, but good traders also know what they are doing, and refrain from trying new things until they are tested and proven. I like how you follow your system.
If you look at top banks and hedge funds within these asset classes, it generally falls along these lines (geographically): London is probably the best for macro traders (rates, fx, macro relative value, etc.). Hong Kong and Singapore are the best for EM FX and EM Rates, probably because the beta is so good (lots of healthy, growing, economies). The US is the best for equities and vol, though credit derivatives is notoriously french.
Going back to the first post -- you can easily tell if someone is a hobbyist because they have a very shallow understanding of markets and yet are very confident that they understand them lol.