Advantages of Institutional Traders: Significant Capital: Institutional traders, such as hedge funds and pension funds, manage vast sums of money, allowing them to execute large-scale trades and potentially influence market prices. Access to Information and Resources: They have access to sophisticated analytical tools, extensive research, and teams of experts, enabling them to make well-informed trading decisions. Advanced Trading Strategies: Institutional traders employ complex strategies, including arbitrage, high-frequency trading, and event-driven trading, often requiring specialized expertise and technology. Deep Liquidity: They can access deep liquidity pools, which can be crucial for executing large orders with minimal market impact. Lower Trading Costs: Institutional traders often negotiate lower trading fees and commissions due to the volume of their trades. Wonder how well they would do trading from their basement on a laptop. Yes, I am aware of dude who spoofed billions from his apartment...
The market doesn’t reward intelligence — it rewards execution, discipline, and emotional control. In fact, many of the smartest people struggle because: They overanalyze and miss simple trades. They second-guess instead of sticking to a system. They try to be “right” instead of profitable. They obsess over edge but forget the edge is useless without risk. Meanwhile, someone with a basic setup and a clear plan will grind out consistent profits simply by not getting in their own way. . @newwurldmn
I think it was 'Trader Vic' who said this in New Market Wizards: "The key to trading success is emotional discipline. Think of all the bright people that choose careers on Wall Street. If intelligence were the key, there would be a lot more people making money trading" Then you had math expert Bill Eckhardt in the same book saying: "Average intelligence is enough. Beyond that, emotional makeup is more important" Neither of the above quotes should be surprising to anyone who has spent time actually trading
You don't even know how to price the forward. You didn't know the source of the div of one of your crypto-payers. You can't calc total return... the result is that you are (hypothetically) up in a bull market. I think that you got into crypto divs while they were paying well but are down on the year. TL;DR, you're full of shit.
High intelligence is a requirement. You have to process the same information better than everyone else. however it’s not a sufficient condition for being a good trader.
He looked at trades in an EW framework early on, can’t say what impact it has on decision making over the last 20 years I do know he is exceedingly disciplined …