After 10y 40% are left , 10 out of 25 stocks remain.
After 20y, 30% remains.
In the end the new eras of development kick companies aside.
After 20y, 30% remains.
In the end the new eras of development kick companies aside.
Point being with low win rates like these even within extreme performers, outperformance can likely not come through picking.
Outperforming for most of the biggest traders came through trying, accepting failure extremely fast, but pushing boundaries when it works.
Outperforming for most of the biggest traders came through trying, accepting failure extremely fast, but pushing boundaries when it works.
They avoid C trades, they try A and B trades and press 10/1 side on what keep on working.
This idea of holy grail is wrong, itβs all about being emotionless with ideas, but confident to go against everyone and push when something works.
This idea of holy grail is wrong, itβs all about being emotionless with ideas, but confident to go against everyone and push when something works.
When I look back at my own trades and most that know me here know me as the pyramiding trader, youβll notice something particular.
I made 85% of my money on 5% of setups. All of those setups I was in 10x+ bigger than my avg trade. All of those setups were disliked by others.
I made 85% of my money on 5% of setups. All of those setups I was in 10x+ bigger than my avg trade. All of those setups were disliked by others.
When you look at the top 1%, you will find no one that trades within a win rate model.
Look at the 50 best traders of all times, not one did it via win rate and all of them emphasize pushing on ideas that are right. (Not that you think are right, but price you right.)
Look at the 50 best traders of all times, not one did it via win rate and all of them emphasize pushing on ideas that are right. (Not that you think are right, but price you right.)
The main reason you have to cut out the C trades is not because of losses.
The reason is what I will call concealed work product for a lack of better word.
The bigger you get, the more mental capital matters. One missed A+ into exponential sizing missed leads to an 7fig+..
The reason is what I will call concealed work product for a lack of better word.
The bigger you get, the more mental capital matters. One missed A+ into exponential sizing missed leads to an 7fig+..
Trades missed you will never know was on the table.
When it comes to the top stages of trading, what you do not see is where the outperformance comes from.
The best performers understand the way to unlock the 1% that amounts to 90% of the performance is by avoiding 90%.
When it comes to the top stages of trading, what you do not see is where the outperformance comes from.
The best performers understand the way to unlock the 1% that amounts to 90% of the performance is by avoiding 90%.
Most will think the best performers will make the most decisions and do a lot.
Indeed it is the opposite that occurs.
They puts everything in place to be able to think, reflect and make the call on 1% of ideas and push.
The rest is the cost to do business.
Indeed it is the opposite that occurs.
They puts everything in place to be able to think, reflect and make the call on 1% of ideas and push.
The rest is the cost to do business.
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