The edge IS the risk control. Things that you believe are edge are not. Everyone knows about them. The trick to trading IS risk management.
This is false. My pricing models have no resemblance to the stuff everyone knows about. I can and have proved that they outperform random entry
I don't believe a bird can teach me to fly, bird can show me how he flies, but can't teach me, I can flap my arms all day long and nothing going to happen. I can go high tech and attach feathery wings to my arms and nothing is going to happen. For those who didn't dissect birds in school, birds have hollow bones so they are much lighter than man. So to adapt cause of my weight and any added wings to my arms will increase weight, and I am unable to flap wings fast enough, bird failed to be able to teach me. Now take a newbie, you can stick him with experienced trader, have all the tools at his disposal, sit there for 2 years, and unless the exp trader made him do much homework of charting, quizzing and newbie made his own Trading Plan and "owns" it, few are going to fly. Just sitting there is not enough, have to physically know what to draw, make notes, paper trade, adapt. Exp trader can direct and show them, but he can't teach them as it still comes down to doing it in sim. Nasa personal train months/years before anyone ever goes into space, this no different. I think edge changes as one grows.
Bird here means he who knows what he's talking about inside out. If a bird can't teach you to fly, nobody else can. If a fish can't lean you to swim, nothing else will. If a cheetah can't teach you how to catch a lamb in the bush, nothing else can. If a seasoned profitable trader can't teach you the trade of trading who else will?
Experienced traders can show you how they trade but they can't teach you to trade and make you trade as exp trader does. If you have gone to college, most professors know their subject better than anyone, but just hanging out at classes and listening is not going to make you learn. I think there huge difference between teaching someone and them having what it takes to grasp concepts and perform as I do. Past twenty years I been trying on/off to teach people cause it either gets very boring for me or I wanted a staff to trade, some students in beginning would stay with me a month and staff got in beginning 4 hours a day for two months, I went through 22 unemployed engineers and settled on ten and now five years later I have seven, and most of the seven are better than I am. First 1.5 years, staff only did simulated trading and they never knew when I eventually went to real time. Other students I have done through email, phone, text. What I have always noticed, time spent in person means little if I am not insisting on great deal of homework. The student trader has to actually do and see and be quizzed on and trade sim till they a monkey. And even still with all the time, only 40% can trade for a living, so 60% of time I am failing. Some of the times they not fast enough as I am a Scalper, but even if they took half the trades, they could do well. Not most are suited to trade, you have to be able to breath it at some point, something snaps and BAMM-they understand. What I do find amazing, some of them eight years later still send me their nightly chart with trades they took, I still look over them and once in awhile might make a comment. Most often say they do so as they know if they did wrong, I will scream at them. I find it amazing that some people need mental reinforcement even though they have proven to do well. I find all people amazing, but that does not mean I want them in same room, I have my own social challenges. I had a mentor is was an amazing day trader, he was of genius in IQ, masters in education, and yet, I just could never be anywhere as near a trader as he was. He lacked patience and frankly not too good of a teacher, but he let me ask him questions for years, most of answers were beyond my abilities to understand him. So just have a bird means not as much as you think if it is the wrong bird for you. STARBUCK time !!!