Whats is this infatuation with old timer results?
There are risks you can take in your 20s and 30s that you cant in your 50s and 60s. You can take big risks and afford to lose it all when you are young, but you don't want to be broke when you are old. Otherwise you risk going the way of Livermore (although he was hardly broke when he went)
The lack of knowledge about trading environment and potential may be an actual issue, because many people read old books on trading and get all excited about becoming the next great trader. So I, and many others, just tell them outright that trading doesn’t work, conditions have changed, etc. We see this here on ET all the time.
But it would be nice if a few old-timers and a few great traders in general, including current ones, got together and clarified all this, or maybe had some kind of panel.
Though practically we’ll just see everyone continue arguing, believing, disbelieving, without god advice for anyone except not to trade. Any advice that could be given and still current, needs to be kept confidential to not lose one’s edge, and it’s probably always been that way.
Btw, who currently has connections and might be capable of organizing a traders’ panel taking about current trading environment? Could be a great video, like the one with scientists discussing the universe being a simulation, etc.
