I am up 19.77% YTD and still don't know what my edge is!

MacBookProHo said:
99.2% of people in this trading game are failures, that's a given.
What makes the .8% winners....ask yourself this,
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Do you have a source for that stat? Sounds like something you made up.

The percentage that is successful does things differently than the rest.
 
tonyf said:
I think


I


The honest truth is that success is deterministic. You cant really learn it however hard you try. Some are lucky for short period of times, but successful armchair traders had a long career as pros making money for other people. So a back ground on Wall Street or at a successful hedge fund is very important in my view. You get the odd exception but they are statistically a fart in a storm: small impact.

I learned discipline by being "disciplined" for 8 years by pros.
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For anyone doubting by claims above, I have irrefutable proof to convince them to quit day trading.
 
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