Also if you think trading will make you rich it can, but in life there many other ways you can become rich outside of trading. If money is your primary motivation, there are many better methods outside of trading that can fulfill those motivations. Trading is really reserved for people who are committed to it, as if it's marriage, or even a little more sacred than marriage.
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Are girls better traders?
- Thread starter joannasmith
- Start date
This is just a chliche.
The best traders are computers, because they only do what they have to do - no emotions -.
Unfortunately the most traders must trade manual, but thats the only reason "why there is a market at all", because of the psychology, fear and greed of peoples emotions.
But to be the best trader, you must simply follow an easy plan and cut emotions out of yourself.
thats easier said than done, because most people who have a good plan, still lose because of not following it.
Emotions have nothing to do in a successfull traders mindset.
The best traders are computers, because they only do what they have to do - no emotions -.
Unfortunately the most traders must trade manual, but thats the only reason "why there is a market at all", because of the psychology, fear and greed of peoples emotions.
But to be the best trader, you must simply follow an easy plan and cut emotions out of yourself.
thats easier said than done, because most people who have a good plan, still lose because of not following it.
Emotions have nothing to do in a successfull traders mindset.
Quote from alexandercho:
All too often I see people trying to adapt themselves to trading, no you adapt the markets to yourself. You're delusional if you think you can re-write your whole child hood, psychology, your experiences, biases, cultural bias, brand loyalty, the way you understand the world just because you read a couple books on trading and psychology. I think people should realize that trading is something done by people who are inclined to be traders in the first place regardless of whether you're a male or female.
Don't even delude yourself into trading before you know what trading is. Which is HIGH RISK, HARD WORK, and STRESS. Okay, maybe some guys will create some rational frame work for why it's not all of those three things. But they're just talking a whole load of BULL SH!@, because they're delusional. Trading is something you do because you're passionate about it. Without passion you're not going to make it, because it is that DAMN DIFFICULT. The people I know who suck at trading, are always the ones who can't seem to understand themselves but act as if they understand everything else.
May I ask something?
If you don't like something how the F!@K are you going to succeed at it. Some people need a reality check, they over complicate and turn what can be simple into an ambiguous topic. Realistically I've never seen a successful person at trading who hated the work. You don't like it, you won't make it.
Fact, anyone who says they are successful at trading, but don't like trading are full of bull sh*t. Next, anyone who says they don't trade, but create a trading system that automatically executes trades get a pass. Because they have just admitted they were lazy, undisciplined, and hated trading. But they adopted a strategy that matches their personality.
Now have a nice day people.
Well said.
HIGH RISK, HARD WORK, and STRESS.
Thats exactly why it is a business and not gambling.
But only if you be successfull and can make at least a living out of it, otherwise its gambling.
Only if a person really love their trading, they can become winners. Successfull traders only have one thing in mind: " to succeed and become the best".
Quote from d08:
Regarding women traders. Trading is about risk and men are designed to take on risk and either fail miserably or succeed and have the chance to multiply. Most men take risks in some form and the smarter/fitter ones have better chances of making it. If you don't collect firewood when there's a wolf in the forest then you will freeze in the winter, therefore taking some risk is necessary.
Women are natural homemakers, trying to avoid risk and provide stability in their environment. From the evolutionary standpoint, this is crucial because you don't want your offspring to die because you were away taking big risks.
Therefore, both are needed but have different functions. Women are more risk averse. Men can have too much testosterone and take on too much risk. Both can be good traders but men have the natural basis for it.
I agree. Men might be more suited to trading because they are more prone to risks taking, yet I have seen many women outperform men in male dominated fields because of three factors:
1) They are better students because they have less "EGO".
( I don't mean they get better grades, but that they tend to be more receptive to directions.)
Our ego is what trips us most of the time.
2) They have more patience.
3) Because of lack of ego, once they "finally" get around to executing a plan (you guys know, how long it takes our ladies to leave the house), they tend to stick to it longer than we do. Probably because they are more risk averse.
But again, the sample of female traders is small, and they may not be generally as "money hungry" as we might be. But if you find that woman who wants to make money more than anything else, my money ("my whole 2 pennies") is on her.
Check this link out,
Compare and contrast decision making differences between the sexes and how it influences their investing.
http://www.lumosity.com/blog/stress/
Compare and contrast decision making differences between the sexes and how it influences their investing.
http://www.lumosity.com/blog/stress/