And the dumb depend and wish for luck. The smart despise luck because it is a metric that is out of their control. Having gotten rich by luck is great for dumb people. For smart people having gotten wealthy through intelligent decision making, planning and risk management and having been in control of the entire process is the fucking crown.
You are an asshole and breathe down on the wrong guy and you know it. Not sure what @lentus has done to you. You produce some high quality post content at times but behave incredibly awkwardly around smart people. Perhaps you just hate arrogance or self confidence and that blinds you to everything else. I happily converse with @lentus because most every of his posts made sense and contained value. I will let you happily converse with the Overnights of ET.
I've met people with high IQ > 140 , couldn't make money from high turnover trading people with low IQ even harder
' if the market did A, after B happened, despite the popular story of C, and last time E happened, market did F, therefore the market is likely to do G next' this type of analysis would be too complex for 100... there is no back test here, all is on the fly dynamic (although on a long time frame you do have time to think)... I saw someone said trading is +-*/ KISS? that is nonsense... show me a KISS strategy that actually works... reason being anything KISS is self defeating, too many people can do it, they do it, then they become of the target of the next slaughter. this analysis is also quite similar to poker - you watch the final table, all them boys/gals are minimum 120's no doubt. on the other hand, if your pessimism were true .... real estate, the most powerful millionaire making machine, does only require +-*/, and some sweat... and if you have to be in the market, refer to my 'savings calculator' methods
Dozu has shown me the KISS strategy. Identify mega trend like SPY is going to moon to infinity BTFD Retire with millions
Ok, I believe you. The universe has a way of humbling all of us. Work on that and you will be on your way. Have a beautiful day.
That wasn't the case. The lack of closing ability was not because of laziness but rather the inability to do one or more of the following: 1. Identify the problem. 2. Come up with a solution. 3. Efficiently implement the solution. Usually the problem lies with both 2 and 3. Zuckerberg, Gates and Jobs excelled exceptionally well at all three of those items. Some of the high IQ clowns I worked with could usually do 1 but would talk and talk about 2 and in the event that they completed 2, they would waste time executing 3 with detours that had nothing to do with task at hand. In some cases they could not even get 3 off the ground. I have also seen this with "traders". They talk a good game and seem smart and in the event they execute 2, they can't execute 3 (actually trade). All that being said, I have also worked with exceptionally smart people who were serious closers. These types really stand out and are the type of people I want to be around.
Plenty of people have high IQ but no real intuition. In mathematics, one has to know every technique, not because you have to use every single one of them on an exam, but because you have to use the best techniques to make yourself faster and smarter and more effective. It's like a game or a sport. Masters excel because of higher order reasoning, as well as intuitive understanding. Cognitive ability is a huge part of success because you can learn and incorporate experiences. But just being able to think with the top 10% does not mean that you have what it takes to be a great trader. In my opinion, great traders love the game. They want the skill and respect the skill that it takes to be the best. Period. IQ is not enough.