Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?
The old one, because result in trading is variative. Someone who already face a lot of result in trading must had known how to solve it and avoid his old mistake. New guy with strategies is good but he is not face a lot of result yet. So it will need more time for him to use his strategies and can filter which one is good or not. Trading is about profit, but how to minimize our loss is more important because we don't know result about each of our orders in market.