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When it comes to independent thinking, Peter Thiel nails it with this quote: The most contrarian thing of all is not to oppose the crowd but to think for yourself. This runway means you get to ‘stay alive’ for long enough to learn the lessons and evolve into a decent trader. While it’s great to listen to the market noise and try to come up with your own view on sentiment, data usually beats anecdote. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. His writing style is engaging, approachable and entertaining and he has the experience and knowledge of a veteran professional trader.It isn’t a matter of flicking through a few charts, drawing a couple of trend lines, or using some automated Charty McChart. The forecasting business has very little accountability and is mostly about marketing and sounding smart, not accuracy.

Each time the subject showed the experimenter their three numbers, the experimenter would tell them whether or not it satisfied the Pattern Rule until the subject was confident they figured out the rule. You follow the rules, you wait, you analyze, you stay patient, you ignore low-quality ideas and then (finally! There are no stories written about the tail risk fund that bleeds for four straight years while the VIX is pinned at 12!If you build a systematic strategy, the high Sharpe often comes from a combined portfolio of simple strategies that are individually quite low Sharpe. If you score high in any of those traits (they are all sub-traits of neuroticism), think about how you can reduce their presence or impact.