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by ocean_moist
482 days ago
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Yeah, almost necessary at a high level (and online), however I play against fish most of the time. I am also 18 and lack connections/capital/time to enter high level games. I would say markets are approx. zero-sum on small time-scales. And low-beta alpha is better sourced from treating the market as zero-sum. Short-term price movements are primarily driven by the redistribution of wealth between market participants rather than by the creation of new fundamental value, making strategic positioning against other traders more effective for generating uncorrelated returns. |
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