The biggest advantage of trading

ironchef said:
One very important difference:

As a tennis player, it is considered un-sportsmanship to quit in the middle of a match and almost no one does that. In trading, it is not bad etiquette to quit.
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Didn't I say that?

"...can quit, just not during a match."

Though if they do they lose.
 
If a tennis player drops dead on the court, the match and any prize are forfeited.
If a trader drops dead at the trading desk, open trades continue until a death certificate is submitted. :wtf:
 
tiddlywinks said:
If a tennis player drops dead on the court, the match and any prize are forfeited.
If a trader drops dead at the trading desk, open trades continue until a death certificate is submitted. :wtf:
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Are you telling me that the covered call is the "safest" option out there upon death???

But, but, but...
 
Lol. The correct analogy here would be comparing a trading contest to a sporting event. And day to day trading to day to day training for athletes. You can take time off from training and come back just as you can with trading in your example.

The only advantage to retail trading is not having any type of boss or customer to worry about...which also happens to be a curse to most people as you now only have your own feedback to rely on...and most are delusional, mistaking fanciful dreams as promises.
 
Jzwu2017 said:
I was watching a TV discussion about Olympic competitions suddenly I realized that a big advantage of trading is that you can control the pace of trading, namely you can stop trading anytime. That’s if you are trained for it.

This unique trading characteristic doesn’t exist in any other competitive activity. When you’re in a tennis tournament for example, you have to stick to the game even when you’re on a losing streak until the end of the match. You either recover from the losing or not while still in the competition 100%.

In trading, on the other hand, you can stop it anytime, anywhere and for whatever reason or no reason at all. Unfortunately, many amateur traders do the opposite when they are losing. They keep trading more and often bigger when losing, digging themselves into a deeper hole. That’s human emotion at its worst. If you can overcome it you will be in a different league to take advantage of this beneficial trading characteristic.
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Hello Jzwu2017,

I disagree with you. At the end of the tennis tournament, both players get paid alot of money.

The Olympic competitors get paid as well and some get rich.

Traders do not know if they will get paid, unless they trade. If they stop, they still have to get paid.

Running from being a trader is not going to work. Emotions have nothing to do with it.
 
Jzwu2017 said:
I was watching a TV discussion about Olympic competitions suddenly I realized that a big advantage of trading is that you can control the pace of trading, namely you can stop trading anytime. That’s if you are trained for it.

This unique trading characteristic doesn’t exist in any other competitive activity. When you’re in a tennis tournament for example, you have to stick to the game even when you’re on a losing streak until the end of the match. You either recover from the losing or not while still in the competition 100%.

In trading, on the other hand, you can stop it anytime, anywhere and for whatever reason or no reason at all. Unfortunately, many amateur traders do the opposite when they are losing. They keep trading more and often bigger when losing, digging themselves into a deeper hole. That’s human emotion at its worst. If you can overcome it you will be in a different league to take advantage of this beneficial trading characteristic.
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That’s so true, especially when it comes to retail traders.


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You can shut down your trading business instantly (by closing trades), and then re-open (initiate new positions) whenever you want to re-open your business.


Some other advantages of trading are:
  • You can "scale" your trading business to whatever size you want simply by increasing/decreasing your positions.

  • No need to rent offices, and no need to buy office furniture.

  • No need to hire staff.

  • No need to buy inventory like some businesses have to. (you know what I mean within the context)

  • You can "borrow" (by using leverage) money whenever you want, and no need to mess around with applying for a bank loans.

  • Minimal paperwork and admin in comparison to some other business

  • You can trade from anywhere in the world, even from your bed.
 
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