I want to beat the market
If that is you, here is what this situation usually involves, in the order it usually comes up: the things worth checking, what each one is, and where the arithmetic for it lives. None of it says what to do.
- The base rate: most professionals with data and staff trail the index over ten years after costs, and retail traders as a group trail it too.
- The edges an individual reliably has are costs, taxes, patience, and behavior, and the fee calculator shows what the first of those is worth in dollars.
- An edge that is not written down before the outcome, with exact rules and tested with costs, cannot be told from luck; that is what a pre registered rule is for.
- Every trade has someone on the other side who is paid in some way; who that is and how they are paid is where a trader's losses go.
- Position size is what decides whether being wrong is educational or ruinous; the stress calculator shows a position at any size against a bad year.
Read these
Spreading it out and betting big: what each one protects you from
What a one percent fee costs over a working life
Options from the beginning: calls, puts, and the Greeks in plain words
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