radiusvector
Joined 15 years ago
Joined 15 years ago
Only trade when you have an edge, i.e your model suggests that there is a higher probability of an outcome in your favor rather than a pure coin toss - either in entry or in exit.
Even coin toss entries can make money if you have an edge in exits and vice versa.
All in all, you can be right less than 50% of the time per trade, and still have alpha if your winning trade is 2 times your losing trade. Standard expected value stuff. Heck, I know traders who bat 30 or 35% and make colossal amounts of dollars.
Dramatic statement. I am an SWE and an MBA. There are merits to thinking about every aspect of the business. Tech/Product is just one - an important one in a Saas company, but still just one.
> But there are "light patterns": you can stay ahead in a technological race if you keep running;
This is another way of saying "build it and they will come". You have to combine good business/economic sense with great products.
Apple didn't just get to be Apple by staying ahead in a technological race. Arguably, they are behind a lot of other phone makers in specs. But they have a lot of people thinking about ecosystems, lock-in, marketing and other "MBA" concepts.