A speculator is interested in being right vs. wrong. a trader is interested in making money. A speculator can be right and lose lots of money.
Paul Tudor Jones--- Ultra Rare Autograph
- Thread starter marketsurfer
- Start date
I guess that would make him a spectaculator.
Still waiting for an answer, surf...
laying in bed with the raven haired quant, however, i shall take the time to enlighten you to the best of my ability at this time.
a trader can speculate and a speculator can trade but a trader and a speculator are different animals.
a speculator accepts the risk of not knowing what's going to occur and bases decisions on a wide array of information, often for the longer term. tracy is correct in his post, also, a speculator can be correct yet lose money--- whereas a trader is right or wrong based solely on wins/losses.
a trader, on the other hand, generally bases decisions on short term price movements and other ethereal indicators looking to take quick profits/losses via agiotage.
noise traders, in particular, are not speculators---
regards,
surf
Me thinks marketsurfer might have blown up. He's selling all his "treasures" on Ebay.
It could be that Mrs. Surfer and Mr Surfer have indeed parted ways...thus the need for a Surfer asset (gaffaw) dump. But I have no info on that...that's simply random speculation. Which I hope isn't true.
Unless I am mistaken, that's a rather homespun definition, held together by duct tape. Would you kindly point me to the source of your comparative definitions? I think it would make for interesting reading.
wikipedia has a decent article on "speculator".
however, i believe i am breaking new ground here in publication.
regards,
surf
Just be sure to watch for the septic tank.
Quote from Landis82:
As someone who used to work for PTJ back in 1986 ( I have his signature too)
I would say that Paul is fairly removed from trading these days . . .
My vote for greatest trader of all time goes to Stevie Cohen, bar none.
yes.....its a toss up. I agree.
surf