New edges emerge as old ones get competed away. Patience. Social media and infinite scroll have fried the average trader's dopamine circuit. The ability to sit in a position through normal chop without needing constant feedback is no longer common. Most people get shaken out not because they're wrong but because waiting has become uncomfortable. Stillness is now a skill. Simplicity. AI accelerates narrative saturation. By the time a thesis is clear enough for a model to explain it, it's already everywhere. The edge moves upstream to ideas that are still fuzzy, pre-verbal not yet fully formed. Clear thinking in a noise-flooded environment is rare. First-principles over feed consumption. Legibility. When everyone uses the same tools, reads the same feeds and follows the same accounts, the crowd's positioning becomes readable. The edge is learning to watch the system from outside while everyone else is inside it - seeing the move before it's made not because you're smarter, but because you're not captured by the same inputs.