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A trader without a statistical edge is just gambling. The speaker has worked with traders who spent years in the market making no progress because they lacked one. Without a proven advantage, continued trading is futile.
A trader without a statistical edge is just gambling. The speaker has worked with traders who spent years in the market making no progress because they lacked one. Without a proven advantage, continued trading is futile.
Without a statistical edge, you can seriously just forget about trading. The amount of people that I've worked with that have come to me and they've said, I've been trading now for 2, 3, 4, 5 years, I'm still in the same position. And the simple answer to that is, like I said a million times before, if you do not have an edge in the markets, you are simply gambling. That's it.
