Show-off TIme😎😎

@Galaxy Whether prudence or not, the fact that folks won’t discuss their strategies, makes it impractical to create custom tools for their strategy. :slightly_smiling_face:

I believe that when referring to strategies of retail traders as a collective, “scarcity mindset” is more apt, as most strategies (if we can even call them that) are losers (the strategies, not a dig at the people) as is evident from the stats year over year. The best potential returns from such strategies that one could have received would be the learnings (by researching/studying it, by deploying it, by discussing it) and not any monetary gains.


Also, i suspect that i did not get my point about the scarcity mindset across properly. By scarcity mindset, i am referring to thinking of an idea/strategy one has as the edge and trying to “milk it” for as long as one can extract value from it, is having a scarcity mindset.

The alternative is an abundance mindset. Basically, knowing that ideas and strategies are dime a dozen. Basically, if one has a secret startegy today, and if one were to share it with the world and eliminate any edge one might have had, having an abundance mindset is being confident that one will be able to come-up with the next strategy, an even better one than before.

It is easy to overtake someone who is “milking their current advantage”. Folks/companies that continue to lead for a long time understand this and hence do not hesitate from cannibalising their own legacy themselves using alternate experimental/innovative approaches in a controlled manner over time.

To continue the analogy of gold in a locker,
if one has figured out gold as a secret investment,
rather than keep it in a locker and tell noone about it (scarcity mindset),
one would happily tell everyone about investing in gold,
and while everyone else is rushing to pick-up gold,
liquidate one’s gold holdings (for a neat profit)
and start collecting titanium instead,
or still better get oneself some exposure to cocoa if it is early 2024 (abundance mindset).