Anyone trade while high?

[logic_man]

Quote from Free Thinker:

logic really is not your strong suit is it?
would you care if your airline pilot is high? how about that 18 wheeler approaching you in the rear view mirror at a high rate of speed? do we care if he was just on a 2 week high? how about that doctor who is about to operate on you. do we care if he spent his whole college years high?
is it that hard to think a little further ahead than the end of your nose?

Job-specific prohibitions as a condition of employment are different from blanket prohibitions applying in all cases and all times.

And what would it matter if the doctor spent his college years getting high? The requirements for becoming a doctor are the same whether you are a stoner or a guy who would run from the sight of a joint. You still have to pass the tests.

That is what is called a "logical distinction". Learn them, use them, love them.

I'd say that logic not only isn't your strong suit, it appears to be just a word you've heard grown-ups say and want to sound smart by using.

 

[logic_man]

Quote from oldtime:

no kidding, I have spent plenty of lonely nights thinking about what I would do if I was God, and it aint much different than how things already are, I only mention it because sometimes it is hard to be patient, and I know that's what you are in to.

In my case, I've concluded that the more freedom people are allowed, the quicker they will do themselves in by doing something stupid. So, I advocate for maximizing freedom for everyone, just to see who can actually handle it.

 

[oldtime]

Quote from Free Thinker:

logic really is not your strong suit is it?
would you care if your airline pilot is high? how about that 18 wheeler approaching you in the rear view mirror at a high rate of speed? do we care if he was just on a 2 week high? how about that doctor who is about to operate on you. do we care if he spent his whole college years high?
is it that hard to think a little further ahead than the end of your nose?

well first of all, most airline pilots who were high already crashed, same goes for truck drivers. Doubt any doctor even made it through med school if he was high the whole time, so I don't see how that is much of a worry.

So let me get this straight, you are worried that on your way to the airport to catch a flight to get an organ transplant that somehow the truck driver on the road will be high, and if he doesn't get you the pilot will, and if somehow you miraculously make it to the hospital that the surgeon will be high, so for that reason, to protect you from your greatest fear, nobody should get high.

Do I have that right?

 

[oldtime]

Quote from logic_man:

In my case, I've concluded that the more freedom people are allowed, the quicker they will do themselves in by doing something stupid. So, I advocate for maximizing freedom for everyone, just to see who can actually handle it.

I'm just a lttle itty bitty guy with no self preservation insitincts. What always seems to be lacking in your world view is what do I do when the big bad guys come to take what little I have? The only hope I have is power in numbers.

 

[logic_man]

Quote from oldtime:

I'm just a lttle itty bitty guy with no self preservation insitincts. What always seems to be lacking in your world view is what do I do when the big bad guys come to take what little I have? The only hope I have is power in numbers.

Sartre (who is not a favorite of mine, but I like this quote) said something to the effect that "I don't want to live in a world where men like those in the Gestapo can take me out of my home at night and kill me". So, if men like that show up and try to kill you, they're showing you what kind of world it really is. It's then up to you to decide if you agree with Sartre or not.

 

[oldtime]

Quote from logic_man:

Sartre (who is not a favorite of mine, but I like this quote) said something to the effect that "I don't want to live in a world where men like those in the Gestapo can take me out of my home at night and kill me". So, if men like that show up and try to kill you, they're showing you what kind of world it really is. It's then up to you to decide if you agree with Sartre or not.

I regret that I only have one life to give

in the meantime (as long as we are talking about self preservation) there is safety in numbers. That is the why God decreed it and that is why He wrote a Bible. To teach little itty bitty men like David, to overcome giants like Goliath. And eventually to prove if you just stick together you can become a superior race.

 

[oldtime]

I don't want to cheapen what you are doing, but I have been at this a long time. I have seen the demise of momentum traders, and it is always depressing.

But then again, I am susceptable to depression.

I have found, a little pot helps.

 

[logic_man]

Quote from oldtime:

I don't want to cheapen what you are doing, but I have been at this a long time. I have seen the demise of momentum traders, and it is always depressing.

But then again, I am susceptable to depression.

I have found, a little pot helps.

Weed wouldn't make any difference in my trading, since it's all rules-based. Unless I wasn't paying attention because I got distracted.

I think what leads to the demise of momentum traders is that their definition of momentum gets "stuck in time" and doesn't change as the market's volatility level changes. That, or they fail to find markets where momentum's definition is similar to the one that made them successful in a different market, but has stopped working for the moment. You keep looking for momentum as it was defined for a previous level of volatility and it isn't there, so you are lost. Today's definition of momentum isn't yesterday's and tomorrow's won't be today's.

Volatility is the "80" in the "80/20" rule, when it comes to trading.

 

[oldtime]

Quote from logic_man:

Weed wouldn't make any difference in my trading, since it's all rules-based. Unless I wasn't paying attention because I got distracted.

I think what leads to the demise of momentum traders is that their definition of momentum gets "stuck in time" and doesn't change as the market's volatility level changes. That, or they fail to find markets where momentum's definition is similar to the one that made them successful in a different market, but has stopped working for the moment. You keep looking for momentum as it was defined for a previous level of volatility and it isn't there, so you are lost. Today's definition of momentum isn't yesterday's and tomorrow's won't be today's.

Volatility is the "80" in the "80/20" rule, when it comes to trading.

you sure about that? I always thought it was the 20 in the 80/20 rule. But then I may be confusing trend/chop with apparently what you trade which is momentum/whatever.

 

[logic_man]

Quote from oldtime:

you sure about that? I always thought it was the 20 in the 80/20 rule. But then I may be confusing trend/chop with apparently what you trade which is momentum/whatever.

There's volatility in "chop", too, just of a different sort.

The 80/20 rule I meant was if you have a 100% understanding of volatility, you are 80% of the way to being successful. The other 20% is stuff like position-sizing, money management, psychology, organizational skills, etc.