I find most of this article to be “successful people can’t explain why they are successful so they say a bunch of arbitrary things they’ve noticed”.
He found success pursuing relative advantages, infrastructure advantages, and building custom tools from scratch.
But absolute vs relative advantages, plumbing together canned solutions vs building your own from scratch, infrastructure-level advantages vs decision making advantages...all of those contrasts exist in other businesses everywhere. None of those are specific to trading.
> “in my experience, nothing beats learning by doing or finding a mentor”
This hits the nail on the head.
The best way to become a profitable trader is with a mentor, but it’s nearly entirely luck. You drive an Uber or tend bar and happen to make friends with someone successful who is willing to guide you. Trying to seek out a mentor online is nearly impossible, as everyone who is findable and willing is almost certainly a better marketer than trader.
The other way to become a profitable trader is to start trading with real money. It’s amazing how quickly one can learn how to mend a boat, when the boat starts sinking.
He found success pursuing relative advantages, infrastructure advantages, and building custom tools from scratch.
But absolute vs relative advantages, plumbing together canned solutions vs building your own from scratch, infrastructure-level advantages vs decision making advantages...all of those contrasts exist in other businesses everywhere. None of those are specific to trading.
> “in my experience, nothing beats learning by doing or finding a mentor”
This hits the nail on the head.
The best way to become a profitable trader is with a mentor, but it’s nearly entirely luck. You drive an Uber or tend bar and happen to make friends with someone successful who is willing to guide you. Trying to seek out a mentor online is nearly impossible, as everyone who is findable and willing is almost certainly a better marketer than trader.
The other way to become a profitable trader is to start trading with real money. It’s amazing how quickly one can learn how to mend a boat, when the boat starts sinking.