To be honest, the no cost resets was the only part of the assessment I disagreed with the team on. My suggestion was to allow no resets (even paid) and if a trader failed, to forbid them to ever try again with a permanent IP block. Perhaps not surprisingly, they didn’t adopt my suggestion.
Yes, spot on.
Money is a measure of stored value, and the market pays based on how difficult you are to replace and how much unique value you create.
A roofer working in the blazing sun arguably expends tremendous effort, but their skill set is relatively replaceable—limiting their value creation capacity.
Trading at its essence means identifying and capturing market inefficiencies that others miss—creating value through unique insight and decision making that few can replicate.
Your compensation isn’t tied to your effort, but to how irreplaceable your judgment and execution are.
Annnnnnnd here's the L. Week ends here for me. The trade was good but I got a bit of FOMO and entered before 10:00. Obviously my fault for entering before my designated time. Will reflect and come back next week.
@relentlessADD Pretty much the same as them and sometimes I’d have the bias and they wouldn’t, yet… $0 dollar made. Because I couldn’t stay fucking disciplined lol. Then one day I decided to be and that was the key turning point.