Info!! What Makes You Lot Unique Equally A Trader?

So we're walking inwards the sometime department of Bergen, Kingdom of Norway (Bryggen) as well as come upward across a Mexican eating seat advertising its nutrient inwards a unique manner. From the looks of it, the sign was bringing people in.

Whether it's inwards marketing or inwards trading markets, uniqueness counts for a lot.  It's non ever slow to predict who volition brand coin equally a trader, but it's non hard to predict who won't.  The ones who won't succeed are the ones who are similar all the others.  They await at the same things as well as merchandise the same ideas.  I've worked inwards many trading firms, from prop shops to hedge funds.  Across settings, the correlation of returns alongside traders is disconcertingly high.  When given the liberty to brand their ain decisions, many traders produce upward one's heed to abdicate critical thought as well as follow others.

In general, uniqueness is expressed inwards 2 ways: past times looking at novel as well as unlike information as well as past times assembling information inwards novel as well as unlike ways.  When I replaced fourth dimension on the X-axis of my charts with upshot time, I redefined marketplace information as well as could as well as therefore persuasion the information inwards a fresh manner.  For example, the volatility of volume-based bars is quite unlike from the realized as well as implied volatilities that nosotros usually track; the cycles that appear inwards upshot fourth dimension are wholly unlike from what nosotros tin run into inwards chronological time.

Of course, beingness unique does non guarantee beingness successful; it's exactly a agency of generating to a greater extent than as well as unlike hypotheses.  Some of these volition autumn flat; others volition behave fruit.  Being a trader is non therefore unlike from beingness an inventor.  The non bad uncovering oftentimes follows scores of disappointments.  If you lot can't await at novel possibilities as well as proceed innovating, however, the successful innovation volition never follow.

I late wrote well-nigh strategies for constructively dealing with hard markets.  Our natural tendencies Pb us to nigh downwards when the footing becomes less certainly as well as when drawdowns extend.  That, however, is when nosotros most postulate to travel opened upward minded as well as expand our horizons. 

So hither is a uncomplicated self-assessment:

1)  What information are you lot looking at that others are non considering?

2)  What ways of assembling information are you lot employing that are unlike from what others are doing?

If I were a rational, prospective investor looking to dorsum emerging talent, what could you lot present me that would convince me that you're genuinely doing something that is unlike as well as promising?

If you lot can't sell a prospective investor on what you're doing, maybe you lot shouldn't travel buying into it yourself.  

Our fourth dimension as well as working capital missive of the alphabet are besides precious to travel wasted on "me-too".

Further Reading:  How to Cope With Market Uncertainty
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