His biggest regret was not sharing enough
Part two on trader mistakes, this time for people who are already past the beginner stage. Three of them, and the last one caught me off guard.
You’re still clicking your own trades
You will never be world class at typing numbers into fields and pressing buttons. Software already is.
And while you’re in the loop, you’re the ceiling. There’s a limit to how many trades you can enter, how many strategies you can run, how quickly you can act.
The subtler point: if your setup genuinely can’t be automated, there are human decisions buried in it you haven’t admitted to. Which means it isn’t a system, it’s discretion wearing a system’s clothes.
You think you’ve figured it out
You have a strategy that works. It’s automated. It’s profitable. So you coast.
The market will eventually make you adapt, and it will choose the moment. Waking up to find the thing that paid your bills for years no longer works, with nothing in the pipeline, is a terrible position.
Which argues for getting live sooner. Most of the learning happens after a strategy is running, so perfectionism in the backtest is expensive. If the curve slopes up, get it going.
You don’t share enough
Dave asked one of the best traders he works with what he’d change. The answer: he’d have shared his ideas far earlier, because sharing generates a return flow of ideas.
Not publishing your edge to the world. A trusted group. Bellafiore’s line applies: networking is a trading skill.
There’s a related trap. In a mastermind call, a trader who hasn’t had a losing month in years heard someone else present and immediately wanted to rip up his own approach. His stuff is excellent and genuinely niche. You can’t read the label from inside the bottle.
Incorporate. Don’t replace.
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