Quote from Grob109:
Certainly, I do not know what "pizdabolz" means or whom you are referring to. They must be a group who feel that talent is a proviso for trading.
For me talent or having a particular talent is a consideration that means something is not available to everyone per se.
Trading is available to everyone at the time that they give it initial consideration.
Trading is something that becomes less and less available and then no longer available at some point for persons who follow various paths and, as they do, accumulate "stoppers". An untalented person, Smilingsynic, on page 12, is an example of a person who is accumulating stuff that will ultimately eliminate him from trading.
If a person is putting in the work to go through the process and they have talent, then they will be on a fast track to some level of performance.
In the spectrum of performance, most people draw a line as to what is believable or unbelievable and it is relative to the paradigm they favor, then adopt.
The longer a person is able to still see the potential that the markets holds and offers, the greater the chance he has of utilizing any personal talent he may have.
At some point most persons go in the direction of dropping a view learning to exact the potential and they focus on learning to deal with what they see as opportunity in a context of probabilities. At this point they usually have moved away from knowledge considerations to more of a focus on skills. Talent and skills seem to go together for them and having practical or applied maths skills can become a serious focus.
This is how the line between believable and unbelievable expectations gets lowered more and more as time goes by. See the equity curves that are posted by these people. They are almost always linear representations of failure to backtest. There are no linear representations of backtesting markets with available applied capital even when such tests do not employ compounding for various reasons they have.
The series of improvements that come in effectiveness and efficiency to realize the potential the market offers amount to about 8 doublings of money velocity. Talent would do what to the curve? There are few places to look and the work process of learning for knowledge and skills tends to be the overwelming ingredient.
Talent is not a key factor in preventing a person from detouring away from the potential of the markets and verring towards the elements associated with what in ET is conventional wisdom.
I like this guy.
