Trading needs the same "revolution" that martial arts went through 15 years ago
- Thread starter IronFist
- Start date
my friend Chuck Liddell was a college level wresler, Cung Lee's Sanshou includes takedowns and takedown defense
you misspelled jiu jitsu and yes it alone will let you win a fight, you tried to make some point regarding jiu jitsu and brought Tito Ortiz as example, Tito has nothing to do with jiu jitsu
i have done aikido for 3 years, brazilian jiu jitsu for 2.5, kyokushin for 1 year and muay thai for 6 months, and will tell you that in ufc rules fight a grappler (bjj, judo or wrestling) will win over pure striker (boxing, karate, muay thai) 9 out of 10 times
i like some of the points the author made
good stuff, amazing!!
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jj, That vid you posted is real. But, it's actually a kiai master against MMA. Here is the real video... (It's even funnier too)
http://www.youtube.com/watch?v=gEDaCIDvj6I&feature=related
http://www.youtube.com/watch?v=gEDaCIDvj6I&feature=related
here's the highlight from last pride event, man i miss pride
http://www.youtube.com/watch?v=k7OBmP9caxs
for hardcore fans
http://www.youtube.com/watch?v=O1WDY4ii9DI
http://www.youtube.com/watch?v=dQ7y3NuDbYA
sorry if my posts have nothing to do with trading, i'm just currently in a really good mood and i love trading and mixed martial arts
Wrong - competition kills most edges. Edges are often incredibly lucrative and usually very hard to find. Almost all of them degrade over time due to increased competition for slices of the same pie. It is pure insanity for any profitable trader to teach a true edge - fees would have to be astronomical (way above what any learner could afford) for them to compensate for the loss of profits.
I've been in markets where there is no competition, and then seen 1 competitor come in. Right away that can reduce my profits 30%. Once there's a dozen+ competitors, often there is then *no profit at all* with the old method.
That's the flaw with your analogy. That's why good traders hardly ever teach people their methods. The only thing you can teach without fear of loss is the instinctive/experience-based stuff - but ironically that is impossible to replicate, since the student lacks the experience or market feel to pull it off. Buffett goes round telling everyone his approach, that doesn't help them outperform or even match his performance - they lack the judgement, knowledge, and experience he has. Ditto if George Soros mentored you for 2 years.
Also your comparison of traders who use market feel or tape-reading with bullshido "masters" is off-base, because many *very profitable* professional traders say they use market feel and tape-reading. Whereas no PRIDE or UFC champions say they use "Qi".
"Good traders produce PnL sheets before they start charging students and giving advice, and anytime during the instruction, as well."
No - good traders trade, because most of the time it makes a lot more money with a lot less hassle than them trying to charge students for advice.
Basically your analogy has some good points, but fails overall because trading is generally unlike fighting or any other athletic endeavour.
D,
Thats interesting.How long did you give BJJ?
I have trained in BJJ,Karate,and Judo for the last 28 years and am now an investor in a BJJ school.The biggest mistake most schools make is throwing the white belts out on the mat too soon and bad pairing when rolling.You have to be careful who the "roid monkeys" are paired with..
BJJ is actually fairly easy on the joints as long as you check the ego at the door and "when in doubt,TAP"
Thats interesting.How long did you give BJJ?
I have trained in BJJ,Karate,and Judo for the last 28 years and am now an investor in a BJJ school.The biggest mistake most schools make is throwing the white belts out on the mat too soon and bad pairing when rolling.You have to be careful who the "roid monkeys" are paired with..
BJJ is actually fairly easy on the joints as long as you check the ego at the door and "when in doubt,TAP"