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?
Trusting someone when it comes to trading is really not advisable to me, just know when to change your strategy. But if I should choose between both I'd go for the old trader, because experience matters alot, things might not be going well for the old trader but he knows when to pause and when not to. He has a lot of tips to give more than the new trader who's getting things right for him, that's when things are in his favor. Since the market isn't stable you can't tell when the new trader might start having a bad day, so I'd go for the old trader any day.