Is Trading a Team Sport?

[murray t turtle]

It's a highly-individualistic and highly-competitive endeavor.

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EGGzactly\
hard to believe fund-a-Mentals sometimes \ but funds + fund$ vol + funds price + volume helps me more/makes more sense.
LBR + her street smarts, musical patterns help .M in CAN sliM, maybe one of the most hated nickname in USa LOL , but good ''M''. Good SPY uptrend Good DJT UpTrend
I still think polar bears may have a small edge on[5 EPS] DGT\ not sing trading \i mean swing trading that one.
But like Peter Lynch noted just because a stock goes down, doesn't mean you are wrong LOL.
50,ooo,ooo Frenchmen can be wrong like Peter Lynch/Rothchild notes

 

[ironchef]

How could I have been so slow to understand in a zero sum game only 1 can win.

In a zero sum game, half the traders win the other half lose.

It is not a poker tournament where winner takes all.

 

[countryBoy641]

team trading?
Have several trading losses in a row, then see what kind of trading team you have.
Learn to trade
If trade does t work close it out.
If you can't do that, you shouldn't be trading ( with real .moneg).

 

[murray t turtle]

I give +1 for street savvy. Everything else will follow once you have that. Speaking of which, people used to have high regard for being "street smart".

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LOL /WELL that may explain why the bid started going up so much on SPXL in post hours LOL.
Give away[distribution ] price on choc+ choc chips cut with rich whole grains\
even more of give away chocolate with\
''enriched flour dumb money '' grains .
Of course if some give us the latter/find a good use for it LOL,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[schizo]

In a zero sum game, half the traders win the other half lose.

Sorry, but I beg to differ. From the winning half, most will go on to lose it all. Hence, in the end, it's more like 10% winners and 90% losers (and I think I'm being overly generous with that estimate).

 

[schizo]

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LOL /WELL that may explain why the bid started going up so much on SPXL in post hours LOL.
Give away[distribution ] price on choc+ choc chips cut with rich whole grains\
even more of give away chocolate with\
''enriched flour dumb money '' grains .
Of course if some give us the latter/find a good use for it LOL,!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[newwurldmn]

In a zero sum game, half the traders win the other half lose.

It is not a poker tournament where winner takes all.

no. It is a pyramid. Those with the best strategies and investment processes get the most capital and generate the highest dollar returns.

 

[ironchef]

no. It is a pyramid. Those with the best strategies and investment processes get the most capital and generate the highest dollar returns.

Can't disagree with you. However, these are two different situations:

1. In a game where a large number of contestants betting one against one in pairs, it is a zero sum, half win the other half lose.

2. Now if we introduce other rules, like multiple bets, different capitalizations, asymmetric nowledges, then, it is more like a poker game, winner (the one with the edge and good strategy) takes all.

3. Finally, there is the theory of large numbers. Even in a 50/50 coin toss type market (GBM, normally distributed market), without any edge, with a large number of participants, odds are after a large number of toss, a few outliers will end up with most of the money. We called those few outliers Market Wizards.

Best wishes.

 

[ironchef]

Sorry, but I beg to differ. From the winning half, most will go on to lose it all. Hence, in the end, it's more like 10% winners and 90% losers (and I think I'm being overly generous with that estimate).

In your scenario, it is a poker game, not a zero sum one against one in a trade.

 

[Primal Trader]

I was day trading stocks in the latter 90's, then had a long hiatus dealing more with the medical field, then for the last 14 years in the Futures market largely. Both of these experiences, including via forums, convinced me that the vast majority of Homo sapiens make lousy traders. It can be every bit as much of a biological/psychological/stress hormone challenge as facing down a cougar. I have tons of wilderness experience, where I have had over 10 cougar encounters, one from 19 feet away, so I speak from experience. Only the rare few out on the far right side of the standard distribution curve can handle the challenges of trading year in and out, especially when there is significant Leverage involved.

The trading landscape is also a vast and dangerous "wilderness" with hazards seen, and unseen just around the corner. Just look at the statistics for the Futures market, which attracts a lot of well-capitalized, very intelligent people, who have been quite successful in their other careers. They come up with some very interesting plans. Everybody has a plan until they get punched in the face ... over and over again. The vast majority are out of the Futures game after just one year, often much poorer, or even bankrupt. They did not have the full set of rather rare qualities it takes. How many of them would you want on YOUR trading team?

I have some excellent, high quality friends that are great people in many ways, and lots of acquaintances. Despite that, I cant think of one individual out of them that I would want to partner with in this endeavor. Perhaps one will come along some day, but not yet ... so I am for now, the Lone Cougar out hunting for Futures opportunities with full-awareness, knowing my Life depends on strategy, timing, discipline, often lots of waiting, and then suddenly going in for the Kill ...