Most people think hedge fund traders are "shot callers" and decide which stock to buy and short... But the reality is that traders at hedge funds are only execution traders. They don't decide what to buy or sell. They just execute trades that the Portfolio Managers and analyst decide on. So here's how it goes: Chief Investment Officer → Portfolio Managers → Analysts → Execution Traders The one's who generate alpha (profitable trades) are the Portfolio Managers/Analyst Traders just decide the best execution. And they also maintain relations with banks 👉 If you want to win, you must stop thinking like a "trader"...and start thinking like an analyst or portfolio manager Retail loses because most act like execution traders. Always clicking buttons, reacting, guessing. Meanwhile, hedge funds win because their edge comes from: - Research - Catalysts - Statistical models - Understanding the why, not just the chart Retail's survival depends on acting like analysts, not button-clickers.