Why is that?

Originally posted by Madison


This is something commonly overlooked or not appreciated, but as one who has had the misfortune (or luck, depending on viewpoint) of working horrible, stressful jobs, the type that make getting up every day a depressing chore -- I'd say the intangible benefits of spending your time doing what you love put you way ahead of most, even if you were to go dead broke financially. Congrats on that, uptik.
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Thanks Madison. It's true, I really do love it. On weekends when so many of my friends are dreading the coming week, I really can't wait until Monday. Most people love national holidays, I hate them 'cause the markets closed.:mad:
 
Originally posted by AAAintheBeltway
There have been numerous academic studies addressing this question. In a nutshell we are genetically predisposed to behavior that is deadly when trading. The most obvious is the "cut profits, let losses run" syndrome. Unfortunately, it is human nature to want to ring the cash register with a profit but wait and hope that fate bails us out of a loss. Other account killers include the related problems of being undercapitalized, overtrading and taking on too much risk for your capital. For traders, using your gut or what you are "comfortable" with instead of a backtested system or methodology. For investors, trusting the media, CNBC, brokers or tips and mistaking a good company for a good stock.
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I would also add that as M.Douglas correctly mentioned in Wall Street "the most valuable commodity is information". And if you are a small individual trader, you almost never have an informational advantage.
 
Why is that?

Because as a product of the human condition we are in a constant state of discord with her.

Ultimately some have the will and inner strength to break through and the others will stay a puppet to their habbit ridden mentality.

...and the weak ones fade away------> Billie Holiday
 
Because as a product of the human condition we are in a constant state of discord with her.
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Why is the market always referred to as "her?" I find the market much more predictable than a woman.
 
Originally posted by aphexcoil


Why is the market always referred to as "her?" I find the market much more predictable than a woman.
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Because it can be a bitch sometimes.
 
Originally posted by uptik2000


Thanks Madison. It's true, I really do love it. On weekends when so many of my friends are dreading the coming week, I really can't wait until Monday.
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...Once you work in the markets for a living it kind of stays with you. Other jobs aren't nearly as exciting or challenging. I get to use many of my scientific skills everyday as well as business and people skills. Not many jobs provide such an environment.

Another poster said that smaller non-institutional shops had a disadvantage with respect to information. I agree with this statement only to a degree: most of the information required is freely available if you put in the work to obtain it ....

As far as making money goes ..... I know a lot of people who work in the markets - most of them independent traders - and who are raising families, living in nice homes, and driving nice cars. It seems to me that if you could not make a good living trading then I would see no such examples. Trading is like any other profession: it takes hard work to succeed.
 
Originally posted by aphexcoil


Why is the market always referred to as "her?" I find the market much more predictable than a woman.
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I do not. I find women much more predictable.

The market sometimes gives and sometimes takes. You never know in advance. With women you always know.

With an IQ of 140, you should be able to figure them out:)
 
seriously, i did take an iq test on the internet some time ago. not that it really means anything, but here is the exact copy & paste result i got (i saved it to a file):

"Your IQ according to this test: 153"

(i don't believe it either) :)
 
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