The Rich Really Are Different Than Average

Handle123 said:
When I had nada but had youth-weekends were girls girls girls.
Now am old fart, still back testing 80 hours a week, automating cause am slowing down in abilities, glad I am not young and poor, and now money is a way to keep score.

Yea, there is a different between having knowledge and those who think they have knowledge, one knows how to risk and other dreams of it. It is like foreigners coming to USA, how come so many start businesses after couple years and yet people born here are burned out? Same between those who have bucks and those who dream how to spend it and always complaining about HFTs or other nonsense, learn to adapt.
More...
When you live day to day in squalor with only your dreams for comfort then finally make it to the promised land ! Business business business.............
When you live there and are 100lbs overweight........forget it.
 
Last edited:
entropytrading said:
an average person is an idiot
More...


Something of a logical conundrum there, perhaps, if an "idiot" is defined as someone whose intelligence is well below average. But still charmingly pleasant, of course, to see such endearing views of humanity freely expressed, apparently without any embarrassment or reluctance, in the forum.

I suspect that what you meant to say is that the average person's trading skills are highly defective. This, of course, is perfectly true, just as it's also true of the average person's neurosurgical skills, electronic engineering skills and for that matter cake-making skills. And all for similar reasons, too.

But "idiot" ... not so much. Not the "average" person - by definition.
 
Last edited:
entropytrading said:
an average person is an idiot
More...

Xela said:
Something of a logical conundrum there, perhaps, if an "idiot" is defined as someone whose intelligence is well below average. But still charmingly pleasant, of course, to see such endearing views of humanity freely expressed, apparently without any embarrassment or reluctance, in the forum.

I suspect that what you meant to say is that the average person's trading skills are highly defective. This, of course, is perfectly true, just as it's also true of the average person's neurosurgical skills, electronic engineering skills and for that matter cake-making skills. And all for similar reasons, too.

But "idiot" ... not so much. Not the "average" person - by definition.
More...
I'm discovering that most members on ET with a very low number of posts are not worth replying to, as they are the idiots, time wasters, here today and gone tomorrow, on the take, nothing to offer.
 
Xela said:
Something of a logical conundrum there, perhaps, if an "idiot" is defined as someone whose intelligence is well below average. But still charmingly pleasant, of course, to see such endearing views of humanity freely expressed, apparently without any embarrassment or reluctance, in the forum.

I suspect that what you meant to say is that the average person's trading skills are highly defective. This, of course, is perfectly true, just as it's also true of the average person's neurosurgical skills, electronic engineering skills and for that matter cake-making skills. And all for similar reasons, too.

But "idiot" ... not so much. Not the "average" person - by definition.
More...
While it was not worthy of a response, I can well understand the impetus for doing so.
 
Handle123 said:
You are right, most won't short the Dow but will short ES as greater volume and tick size, and they hedge.
More...
%%
You maybe right Ha123,4567;
but too many people dong the same thing, you think that was why Paul Tudor Jones shorted 29 or 30 stocks on the DOW[Ticker=DIA] LOL??
i like the '' Millionaire Mind, '' book by Dr Charles Stanley. Come to find out they repair, or have it repaired,LOL, their leather shoes....................................................................................Oh Happy Day=the song says.
 
entropytrading said:
an average person is an idiot
More...

I think the average person are sheep, they follow the next one, on and on.

Dealing with trading, you don't need high math skills to trade well, matter of fact I have known some incredible smart people who can't trade cause trading is illogical. But what you do need is open mind, to explore the unknown and keep at it till you find what works for you. Some of the best students I have helped weren't the brightest, but they found one idea I gave or developed within them for signals, recent past history, risk, knowing the answers before the questions. Some times knowing too much only confuses than helps
 
Xela said:
Something of a logical conundrum there, perhaps, if an "idiot" is defined as someone whose intelligence is well below average. But still charmingly pleasant, of course, to see such endearing views of humanity freely expressed, apparently without any embarrassment or reluctance, in the forum.

I suspect that what you meant to say is that the average person's trading skills are highly defective. This, of course, is perfectly true, just as it's also true of the average person's neurosurgical skills, electronic engineering skills and for that matter cake-making skills. And all for similar reasons, too.

But "idiot" ... not so much. Not the "average" person - by definition.
More...
%%
I also think he meant to say that. Does that mean the ''average person is a sheep'' to paraphrase TraderHandle 123 5678 ??

NO ;but as he noted, they like to follow the leader/herd,as he noted. John Bollenger [ CMA, CFT ] noted ''stocks are like sheep, they like to travel in sectors/ herds''.They travel in herds because 500 eyes are better than 2 eyes ; a way to avoid being lunchmeat for a lion/tiger!!!!!

Something funny but tends to be true; a Chicago trader wrote ''in trading ,the smarter you are -- the longer it takes [ to profit] '' .LOL-LOL [That's the time frame to learn; he is not refering to trend time]
 
You must log in or register to reply here.
Back
Top