Survivorship Bias in Trading: The Danger of Only Seeing the Winners

To be competent means to have the necessary theoretical and practical knowledge in order to engage in stable and effective trading. However, this is not enough for a real breakthrough: you need to become a master – i.e. gain an understanding of the connection between "knowledge" and "action".

Competence is necessary but not enough to be considered a master.

In practice, basic knowledge helps you to stay “afloat” until the moment when trading begins to bring the desired results.

This represents a process of evolution – of both the Trader and the Person.