I've always said, trading is so damn difficult it makes everything else in life seems easier 
The Best Trading Proverbs
- Thread starter JTrades
- Start date
No ... The path to superior results is ALL about having a set of rules that fits your personality, has an edge that you have PERSONALLY verified and then following those rules religiously. If you do that you can truly say FUCK THE RESULTS because they won't fuck you!
https://en.wikipedia.org/wiki/When_Genius_Failed
http://www.pbs.org/wgbh/pages/frontline/shows/crash/etc/cron.html
In the late 90's competent price action traders made money as things fell apart and made a second pile as the powers that be put the structure back together while the Best and The Brightest tapped out. I believe the competition for all of us is very formidable yet we most always remember it's not Fischer Black et al but the demons within us that we compete with. I only compete with myself. Even in a zero sum game the Phds from MIT can make money and the guys who went to a State School or even good high school can also make money. All will tap out if they get arrogant.
The key is not to be the one (or actually three) in a million that can invent a way to price the options market but to be one of whatever that masters himself. Tough job yet no one offers a degree program in it.
http://www.pbs.org/wgbh/pages/frontline/shows/crash/etc/cron.html
In the late 90's competent price action traders made money as things fell apart and made a second pile as the powers that be put the structure back together while the Best and The Brightest tapped out. I believe the competition for all of us is very formidable yet we most always remember it's not Fischer Black et al but the demons within us that we compete with. I only compete with myself. Even in a zero sum game the Phds from MIT can make money and the guys who went to a State School or even good high school can also make money. All will tap out if they get arrogant.
The key is not to be the one (or actually three) in a million that can invent a way to price the options market but to be one of whatever that masters himself. Tough job yet no one offers a degree program in it.
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When you've got billions to spend, you've also got billions to invest. You cannot turn on a dime. You cannot do things anonymously. You cannot buy large positions in small things. There are still a few advantages for the little guy.
I personally find all toilet wisdom to be true
A man will find himself...in the deepest, and darkest...of places.
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Good word, on bull + bear trend;
+we dont have to compete with billions boys. Some of them made enough billions- they help.LOL