Why aren't all genius's rich?
- Thread starter macattack
- Start date
Snake..
Pretty stupid and mostly useless, but very opportunistic..
Pretty stupid and mostly useless, but very opportunistic..
Quote from stock777:
I just read about some twats who wrote an app for the Iphone, which makes a sound of a rifle cocking and firing.
They claim to have made over 1 million in ad revenues.
More then 99.9999999% of you will make with 10,000,000 times the effort.
suck on that.
Now you see, this proves you're imbeciles.
No comment. You should have immediately begun working on:
1) an app that produces 100 diff fart noises
2) an app that shows Steve Jobs levitating
3) an app that posts random WINNING trade exits to Stocktwits. No entry required.
Most Genius' I have worked with as they as students think in terms of logic, like Spock, an orderly flow to grasp. However, markets are pure emotion, illogic and forms visionally in Price Bars. I believe the entire bar is based originally on fear. I, also believe that brokerage houses just know based on these fears when some trader is going to pull the plug on a position to get in or out. Now granted one trader's position is not going to mean much of anything, but since 95% of those lose, brokerages have known forever who are losers, how far to take the market to make the newer trader to do a reoccuring pattern based on emotions.
How many times have you gotten out cause you can't stand the "pain" of being in that winning or losing position, only to then see Price go in the direction you had hoped it would go? Like shooting fish in a barrel.
I luv to study people and their actions, especially men as we tend to be more black and white in our emotions. If we are having an heated exchange with wife or girlfriend, they start to have tears, most of the time we backpeddle to avoid this situation, this is an emotion reoccuring pattern. I believe most traders don't spend enough time talking to themselves and describing what Price is actually doing during the day, start forming opinions of the repeative emotional patterns.
I believe "good trading" for Genius' is too hard for them to grasp, the smarter you think you are, the longer it is going to take. IMHO
Ok, back to my rocking chair and hard lemonade.
Smartest guy I know won't leave his 80k job. I tried so hard to get this guy working for me, tried to get people to set him up with >3x his current salary guaranteed, but he just won't budge. He thinks he's changing the world for 80k a year doing the tech work he's doing, but his company's stock price has been in the toilet.
I've given up trying to convince him. But then, who's to say he isn't so smart that he sees something in his 80k lifestyle that I'm not smart enough to see?
I've given up trying to convince him. But then, who's to say he isn't so smart that he sees something in his 80k lifestyle that I'm not smart enough to see?
People often speak of race, when it is actually about class.
Your 80k genius may have parents who are from the working class. If he took this indoctrination to heart, he does not know how to be free. It is a foreign concept. Literally.
While at ET I have come to understand very clearly why 5% control 40% of the wealth. Most individuals that you know come from a certain stock, and that stock was educated in a certain way. There is no getting around this.