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"Over time your views will change, soon realising that the secret to trading successfully is "staying in the game" & not necessarily making a lot of money quickly but compounding it over time."

Skate, this may be the most important sentence any trader can read - well said. Unfortunately, it is the reason that 90% of traders fail - they spend too much time searching for the holy grail instead of finding something that suits their personality and getting into the grind. So even though I feel this way the majority of traders searching for an ''edge'' will just gloss over this and never know the significance of it before giving up.

I just did a quick search of Australian share funds on the Netwealth platform over 3 years performance and the top one out of lots was about 16% p.a. I think there only a few that actually beat the benchmark incl divs. and most were pathetic.  My point being, don't get too worried if you can't match a backtest showing 30,40 or 50% per year. If you can regularly beat 15% you are a star in the financial services industry. You can then build on that.