I think most people approach trading backwards. They assume profitability *requires* some secret strategy (an edge nobody else has discovered yet). So they spend their time hunting for that hidden key and fail miserably. No wonder, though, because this is quant-fund, PhD, millions-in-research hard.
For the average trader, this is a misguided premise. The information that would actually make you profitable is already out there, freely available. You could probably head to Google, type "trend following strategy" or some other keyword, and find something that works today.
So, the real constraint is not access, but rather one of two things:
• You don't like the risk
Running it means sitting through drawdowns, stomaching volatility, etc. The profit is priced in discomfort and it genuinely sucks ass.
• Capturing it takes infrastructure you don't have
The idea is real, you'd happily take it, but the way it actually pays out demands things you can't put on the table. Data feeds, automation, capital, tooling, etc.
So once you strip away the fantasy of the secret strategy, what you're actually left with is quite simple. It always comes back to risk. Either getting comfortable holding risk you were previously unwilling to hold, or learning to take on the specific risk that actually compensates you for carrying it.
🇺🇸 SEN. LUMMIS: “The Clarity Act is not just a crypto bill. It's a decision about whether America leads the next financial system or watches from the sidelines.”
FIRE = feel miserable 24/7
live a life below your potential because you are too afraid to put in a bit more effort than others around you, so you satisfy yourself by living below your means and looking for ways to cheap out on every possible occasion (even on your own family)
🚨 Zinedine Zidane on Kylian Mbappé compared to Cristiano Ronaldo:
“Kylian doesn’t need anyone to teach him how to play. Players with that level of talent already understand football.
But at the highest level, talent is only the beginning.
When I worked with Cristiano at Real Madrid, one thing always impressed me.
After a game where he scored, assisted, and was named Man of the Match, he came to my office the next morning and asked for the full match replay.
I thought he wanted to watch the goals.
He didn’t.
He wanted to see the runs he mistimed, the possessions he lost, and the chances he could have finished better.
That is elite mentality.
Kylian has the quality to reach that level. The challenge now is making excellence a habit, not a moment.”
@Hopium47 You need to take a step back, rest. Our cognitive system sometimes needs a break, time to recover and also to process things. You'll come back stronger
The gods envy us. They envy us because we're mortal, because any moment may be our last. Everything is more beautiful because we're doomed. You will never be lovelier than you are now. We will never be here again.
Let’s be very clear about this. The Straits of Hormuz being closed for months is a global humanitarian catastrophe larger than anything we’ve seen since World War II. Millions of people are going to starve to death.
I want you to keep this in mind next time you hear “SPX up.”