Risk tolerance is the only moat left
Hot take: every technical edge in this game gets commoditized within a quarter. The one thing that can't be copied off a forum is your stomach. Risk appetite is the last durable advantage, and nobody wants to admit it.
The tactics are free. The tools are rented. What separates the operator clearing six figures from the one stuck at four isn't knowledge — it's willingness to hold a position everyone else flinched out of.
Skill is overrated. Nerve is the scarce asset, and it doesn't show up in any course.
Agree? Fight me in the comments.
Behind The Filter
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Risk tolerance is the only moat left
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