crossposted from my substack

1) Traders get paid to guess where money will move.

2) There are many ways people win guessing games:

• Some people read new information quickly
• Some people send guesses quickly
• Some people process new information accurately
• Some people recognize patterns quickly
• Some people see patterns other's don’t see
• Some people read what other people are guessing accurately
• Some have networks that gossip about what the money will do.
• Some chase money where others cannot, will not, or do not know how to

3) Each of these skills is called an “edge”. You can think of each skill as a stat in an MMORPG.

4) The game is winner takes most. Fill out the circle and cross power law thresholds if you want to make money consistently.

5) It's easier to hunt as a team. Stacking everybody's best skills clears more thresholds. Good trading teams [...]

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