surprisingly, capital allocators now do. Impossible to raise money if you can't articulate a USP. The days of full discretionary, unbenchmarked absolute return funds are coming to an end.
I am up 19.77% YTD and still don't know what my edge is!
- Thread starter tonyf
- Start date
surprisingly, capital allocators now do. Impossible to raise money if you can't articulate a USP. The days of full discretionary, unbenchmarked absolute return funds are coming to an end.
the premiums got smashed this year. the risk/reward proposition is not the same.....that's why i think that discipline is perhaps my only "edge"I'm currently on a put selling tripSo, in your case what was the issue, if any, with put selling?
I understand. But as I see it (I mean my scanner
) there are always enough options with big enough premiums available at any moment, but yes, they usually belong to risky/shady underlyings...I guess you were interested only in solid bluechips, ETFs, or indexes, right? Can you tell us of which tickers you mostly were short selling its puts?
For all cretins out there who don't know what USP is (like me up until a few minutes ago
), here's a "good" text with some self adverts:https://www.linkedin.com/pulse/creating-your-unique-selling-proposition-point-dr-hussein-saad
"
In this issue I’ll explain precisely what the USP is, why it’s so vital to your business success, and how to adopt a USP and implement it powerfully.
Any business must “position” itself to take optimum advantage of available marketing niches.
Your Unique Selling Proposition is that distinct and appealing idea that sets you and your business apart from every other “me too” competitor.
Your entire marketing and operational success is built upon your Unique Selling Proposition. It may touch any part of the price, service, quality, or exclusivity offers.
[...]
"
I can't give you tickers really for a variety of reasons, but I can share in 1 line the way I operate: I am way more focused on avoiding mistakes than hitting home runs.
Investors want to know "edge" because they want to know that if they put $1 in they get $1.50 out (or whatever).
Internet retards want to know "edge" because they think it makes them feel smart. HAHA YOU CANT QUANTIFY YOUR EDGE YOU ARE STOOPID.
In my opinion, individual traders don't need a quantifiable edge because 95% of individual trading success is their own personality. You develop a thesis, run a few tests to validate it, and then start trading it.
I think your result does not prove you have an edge.
"I have been killing it for many years in a row."
How many years? If it is 30 years, then it is persuasive.
If it is 3 years, then it is not enough as a proof.
I think you can point to your research capabilities and your niche if you wanted to describe why someone should entrust you. But I wouldn’t call those edge’s.
Somebody should do something about this guy. He’s just littering on otherwise very useful threads. I’ve been on many drums over the years, moderator on two of them. Jack is probably one of the biggest examples of trolling and littering that I’ve ever seen.
ok, just realized, the ignore button has a useful and constructive function here.
Done. Hate doing that, but my time is way to valuable and in short supply