Trader's attitude toward winning or losing

[zdreg]

If you win the game is rigged.
If I win the game is flawless and beyond critique.

 

[Nobert]

That's not a traders attitude. That's a victim mentality. It will touch any gender, age group, profession or anyone else, whos not aware of his own flaws/fails.

 

[zdreg]

That's not a traders atitude. That's a victims mentality.

True and it is the mentality of some posters on ET.

 

[deaddog]

True and it is the mentality of some posters on ET.

But why do you care? It doesn't affect your trading does it?

 

[zdreg]

But why do you care? It doesn't affect your trading does it?

I liked what it s says about human nature in general.

 

[zghorner]

"Don't wish it was easier, wish you were better" - Jim Rohn the GOAT

 

[Aisone]

It isn't a matter of whether or not it is rigged, it is, it is a matter of identifying how it is rigged and exploiting it.

 

[smallfil]

Just shows you do not have a clue. Trading is not about winning. It is about having a trading edge. A 30% winning stock trader is a winner if he has a trading edge. And a 90% winning stock trader is a loser if he does not have a trading edge. Otherwise, go to Las Vegas and lose your monies in a casino. You will get comps in free rooms and free buffets to salve your ego. If you lose your monies in the stockmarket, you just hurt your ego without anything to show for it. You got nothing.

 

[deaddog]

If you win the game is rigged.
If I win the game is flawless and beyond critique.

It's rigged, regardless. Random order flow and random volume doesn't equal random volatility (contrary to popular belief.)

Of course it's rigged. The market isn't there for you to make money. Like any other market it is there for the people who run it to make money. You don't expect to be able to make money from any other retail business where someone is selling you something you think you want, why would you expect to make money from a business that sells you securities?

 

[Aisone]

Just shows you do not have a clue. Trading is not about winning. It is about having a trading edge. A 30% winning stock trader is a winner if he has a trading edge. And a 90% winning stock trader is a loser if he does not have a trading edge. Otherwise, go to Las Vegas and lose your monies in a casino. You will get comps in free rooms and free buffets to salve your ego. If you lose your monies in the stockmarket, you just hurt your ego without anything to show for it. You got nothing.

I really hate the term 'edge' that people throw around. I respect those that do a tremendous amount of statistical analysis to determine a statistical edge and in turn profit from that research. Everyone else that uses it is just being a dork.