May
31
The Evolution of a Trader
Filed Under Announcements, Using PowerTools | Leave a Comment
Last September, I told my clients I was going to take a break, that they should enjoy the long positions we had accumulated. I gave them PowerTools and took off to do the R&D that needed to be done to ensure future performance.
I had been trading for two decades, and to be honest, it was getting boring. Really boring. From the day I met The Quant in the mid-90s, I knew the time would come to take up a new challenge, to expand one’s professional horizons in a serious way. Doctors and dentists call this process professional development, but in my mind, what I was about to do was closer to what economists call creative destruction. Much closer.
In any profession, there is a learning curve. It is analogous to the S curve. [Excellent study case here] For those who manage to get close to the top, it becomes incrementally hard to improve because there are really no more incentives to do so. Some rest on their laurels. Others become retarded at the moment of fame.
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