So you believe that you will become an expert. By proticipating in markets and in this blog??? What would you define as an expert?
seriously I don't know if I'm capable of what I define as an expert. Creating a Black scholes model is expert (although this isn't a trader achievement) ... I don't know if expert really exists in trading. There are so many external forces which impact trading success, that you can't honestly take all the credit. The only thing you really can control is your money management + position sizing (greed), entry system (system). and exit (greed + system). I merely aim to be savvy enough to make a good consistent living doing something I enjoy and am stimulated by.
No. I'm saying in trading there is no such thing as an expert.. I think you either know survival principals or you don't. If you have an edge, it just means you have an edge - you aren't an expert. And like all edges, they must evolve or be forgotten.
I rather trade on my own, but I am 50 years old. I have tired of having to put up with BS at a company.
Depending on the terms, I'd take the 500k over the 100k. Even if I only worked one year and quit. , I could take the next 4 years off and have the same money. Traveler
ahhh.... The edge. Is it to be protected or shared? now becomes a valid question for this thread and is very on topic. we go full circle into what has developed into a marvelous thread. Now the achievements and success then rely upon the ability to discover edges and exploit them. What is the best way to exploit an edge?...Limit the knowledge of it? Keep it secret?...or try to find leverage within the risk parameters?...what is the cost of that leverage? When it is said and done..and the new edge must be discovered and exploited, what is the most efficient path? Michael B.