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> But most traders aren't good. And it's almost impossible to know if you're good anyway. It is easy actually. Do you consistently (over several years) beat th
by polote 5y ago
> But most traders aren't good. And it's almost impossible to know if you're good anyway.
It is easy actually. Do you consistently (over several years) beat the reference index ? Then you are good.
- btdmaster 5y ago*After fees.
- adhesive_wombat 5y ago"Past performance is not a predictor of future performance" is a legally required disclaimer for a reason.
- pxmpxm 5y agoIf you hold a large dice rolling competition, the person that wins will have rolled nothing but sixes in row. Retail people discovering leverage in deriv contracts will naturally sort itself out in the long run.
- b112 5y agoThe market is more like poker, than dice. Information can change the outcome, the odds, but you are toast if the wrong cards come up.
- logifail 5y ago> Do you consistently (over several years) beat the reference index ? [after fees] Most fund managers don't achieve this: "Most active fund managers in the US failed to beat the market over the past year, according to another dispiriting report on an industry that often claims it will come into its own during periods of volatility."[0] An a complete outsider to that field, I'm curious how (and why) they keep their jobs. [0] https://www.ft.com/content/7e4c0d91-8b6d-419b-9be3-80131d5cb462 https://www.ft.com/content/7e4c0d91-8b6d-419b-9be3-80131d5cb...