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TheModestThief🎩
@thief
After speaking to “normies”, I realised one of the biggest misconceptions is that there is no edge in trading (especially crypto) if you don’t have a $500k system coded in C or something. Trading is at least 50%, imo a lot >50%, psychological. Some people have traits that predisposes as better (or worse) traders. Knowing how to take a loss is imo the *number one* success trade. With a bit of experience, these people can know when not cut losses too quickly. But you can almost never teach people in the inverse sense.
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Monteluna
@monteluna
Don't be a trader then. Be an LP. @aerodrome is right there.
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Monteluna
@monteluna
I say this as someone who is terrible at trading and accepted the light: Market beta is basically the other side of people who think they have market alpha. True alpha makes money, but the market beta comes from people who over leverage, lower prices, then market beta rebalances to buy at lower prices. Beta *forces* you to be a rebalancer and sell high/buy low.
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