Thread by @TradetheMatrix1

Tip from personal journey as ever learning #markets researcher:
Whoever you learn from make sure their opinions and theory is balanced against frequent directional calls on assets. "Nobody knows where markets are going is a must to avoid excuse".
#trading

There is huge amount of information selling in markets but low applicability and edge focus.
You can't know who has applicable knowledge unless their views are battle tested in markets. Hence opinions on asset directions are necessary. It cant just be all about info pushing.

Learning too long from those who hold 5 year long views and have only one asset in play and then after their views fail you wonder how did I get there? It's on you not them because you haven't explicitly made a goal to test their views trough higher frequency of exposure.

If someone operates with holes in knowledge of market functionality, you can tell that trough 100 directional samples. You can't tell that trough just three especially if it takes very long time to play out. Acamedics vs practicality.

Playing safe is not an option. Anyone who you learn from and never expresses opinions on direction but talks hours on X and Y topic should not be your source. Remember edge is not in quantity of info, it's about applicability. Anyone can push info in safe zone out.

You can't build risk proned innovative businesses without taking risks just as one can't have edge applicable knowledge in markets without ever making directional opinions (risking capital and public perception) in market. So tons of content but no directional opinion is a no go.

Even if you are long term investor you should strive for knowledge sources those with frequent participation in #markets rather than vice versa. Their views will get better calibrated over long run due to making more mistakes. Long term doesn't have to mean slow and sleepy.

Battle tested experience is important. For that opinions are needed so that mistakes are made and one slowly reshapes his or her thinking trough reflection. Only reading books or watching Y videos cannot teach you that. Hence exposure and opinions are actually needed for anyone.

So being good source of information is all nice and that, but you need to have rough idea what accuracy does your market veteran brings to table. If opinions fail often on asset direction that in itself is likely pointing to non-applicable knowledge (blind spots).

Said above should be filtering mechanism for any beginner willing to expand his market knowledge into higher probability insights, else it's easy to get stuck on learning from "that one guy who has same idea on X asset as myself for 5 years".