Workflow
Trial and Error
icon
Search documents
26 Valuable Trading Lessons I Learned After 20 Years Of Trading Experience
Quantified Strategies· 2026-03-23 09:18
Group 1 - The article presents 26 trading lessons learned over a 20-year investment career, emphasizing the importance of experience and self-learning in trading [1][2][76] - The author highlights the transition from day trading to swing trading and long-term investing, indicating a shift in strategy and approach over time [4][5][20] Group 2 - Proprietary trading was initially favored for its leverage, but changes in regulations led to a shift towards retail trading [3][4] - The article discusses the challenges of day trading, noting that many short-term traders fail due to the zero-sum nature of trading [13][14] Group 3 - The importance of understanding market ecology is emphasized, suggesting that traders must identify their position within the market's food chain [8][13] - The article stresses that trading strategies are often temporary and must be continuously evaluated and adapted [15][16] Group 4 - Quantified trading is presented as a superior method, relying on backtesting and the law of large numbers to reduce emotional biases [21][22] - The significance of maintaining detailed trading records is highlighted, as it aids in learning and improving strategies over time [32][34] Group 5 - The article advocates for diversification through uncorrelated strategies to mitigate drawdowns and enhance long-term success [37][38] - The necessity of having a secondary income is discussed, as trading can be unpredictable and challenging as a sole source of income [39][40] Group 6 - The article emphasizes the importance of understanding risk tolerance and trading smaller positions to manage potential losses [42][43] - The need for self-trust and the dangers of comparing oneself to others in trading are highlighted [47][48] Group 7 - Simplicity in trading strategies is encouraged, as perfectionism can lead to unnecessary complications and losses [49][50] - The article discusses the role of luck in trading success, suggesting that persistence and trial and error can lead to better outcomes [55][56] Group 8 - The markets are described as largely random, with structural inefficiencies being the most reliable trading edges [57][58] - The article challenges the conventional wisdom of always using stop-loss orders, proposing alternative risk management strategies [59][60] Group 9 - The author argues that original and less crowded trading paths, particularly in stocks, tend to yield better results [61][62] - Persistence, delayed gratification, and a strong work ethic are identified as key traits for long-term trading success [64][65] Group 10 - The cyclical nature of markets is acknowledged, with a recommendation to adapt strategies based on market conditions [67][68] - Accepting mistakes and learning from them is framed as a crucial aspect of trading, with a win ratio of around 60% being considered successful [69][70] Group 11 - The necessity of coding skills for backtesting strategies is emphasized, as modern trading increasingly relies on technology [70][74] - The article concludes by underscoring the importance of discipline and meticulousness in trading practices [74][76]
How AI Works and How It Should Work for Us | Dr. Stas Tiomkin | TEDxTexas Tech
TEDx Talks· 2025-10-22 15:50
What's what's humanentric artificial intelligence. What does it mean. First, I need to start probably to define what does it mean artificial intelligence.And uh to define artificial intelligence probably it's the biggest challenge because artificial intelligence is both science, technology, money, danger, there are many risks and um I will try to define artificial intelligence not by what but by how. But um I have very clear vision what would be the message in this talk. I know how we would like to end this ...
How AI works—and how it should work for us | Dr. Stas Tiomkin | TEDxTexas Tech
TEDx Talks· 2025-09-12 16:04
What's what's humanentric artificial intelligence. What does it mean. First I need to start probably to define what does it mean artificial intelligence and uh to define artificial intelligence probably it's the biggest challenge because artificial intelligence is both science technology money danger there are many risks and um I will try to define artificial intelligence not by what but by how.But um I have very clear vision what would be the message in this talk. I know how we would like to end this talk ...