Quote from esc_trader:
Agree about the r/r and scaling - good stuff..
But don't all the "Trading is war" analogies just pump up the testosterone for the average newbie (aspiring "billionaire genius") trader? Leading to emotional decisions, bad stuff..
My 2c.. Let's not make it sound more heroic than it is.
WW2 = epic battle, Daytrading = pretty ordinary way to make a living (if you are doing it right)
Agree, "trading is war" is a goddawful cliche for those who never actually fought one. My favorite sports interview ever was with Marv Levy, coach of the Buffalo Bills. After winning an important game, he was asked the typical dumbass postgame questions:
Reporter: Marv, was this game a must-win?
Levy: No, but World War II was a must-win.
