Did you graduate from college?
- Thread starter Wait4proof
- Start date
I agree, to trade well, you have to be mental, opps. It takes so long to understand that what I learned in first couple of years is all I ever needed to do well. It is pure and simple a numbers game, and the more/quicker you accept that being "numb" to one's opinions and stay with your well backtested method is it. Long term is risk little and let profits ride, day trading is opposite, risk much to get a little. Long term is BORING, and yet for me to be most profitable, Day trading is most active, feeding brokers/exchanges up the wazoo for small consistent tiny little profits.
http://games144.com/game/7147-feed-the-monkey-game.php
Feed that Monkey !!!
That doesn't surprise me. What surprises me is that everyone who claims to have an undergrad degree ALSO claims to have a graduate degree. Seems very unlikely.
(Maybe the poll is saying 50% of those who got undergrad degrees also got graduate degrees; i.e., it's a collection of 68 respondees, not 34.)
Having a college/university degree has nothing to do with trading profitably, far from it. For example, it seems that medical doctors, lawyers, business owners with an MBA and even engineers are the worst traders in the world!
However, traders/students with a computer programming diploma (or background) do have a HUGE advantage : they can at least back-test their trading systems.
Personally I have a bachelor in computer science.
I'm sorry, what? My point is this: the poll is saying either
a) every respondee with a bachelor's degree has a graduate degree
or
b) every respondee with a graduate degree is counted separately from those who only have a bachelor's degree, and the numbers happen to be identical
I would be shocked if a random poll of people with bachelor's degrees also had graduate degrees (unless we were polling doctors or lawyers).
My Experience is that proper business executives are generally astute investors.
The reason is that they have developed a skill in absorbing information and distilling it to a relevant conclusion. This is the essence of investing.
Doctors and lawyers are poor investors because they are taught a different analytical skill which is not conducive to investing (not dissimilar to an hvac repairman).
Barely finished high school, went on to see what college is like (for a few months). Saw it being a waste of time, the rate of accumulating new information was extremely low and most of the time was related to formatting paperwork. I think studying engineering, mathematics, physics, chemistry - these fields are totally worth it. Business administration isn't. It's great for meeting girls though.
Having no education or easy fallback keeps me somewhat scared, which can be helpful when it comes to self-motivation.
Having no education or easy fallback keeps me somewhat scared, which can be helpful when it comes to self-motivation.
This isn't a random poll, but is subject to selection bias: people may read the question and decide for themselves whether or not to answer it. It is possible that people with more advanced degrees are, for whatever reason, more likely to give a response to the poll. So we really can't learn much from it.