Why market wizards are not day traders?

hobothedestroyer said:
i am indeed one of the best mathematicians in the english speaking world
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Just two remarks:
  1. I know a few "very smart math geniuses" that never could make any money in trading, while other mathematical illiterates did make money. There is no 1:1 relation between "very smart math geniuses" and trading performances. Otherwise all succesful traders would have to be mathematical geniuses, which is not the case.
  2. I managed in past a financial department of a billion dollar company. From the 80 people in my department, at least half was intellectually smarter then me. However I became the manager of the department because I had more knowledge about the required skills for the job, so intellectual smarter is no requirement to beat others. Having the needed skills is.
PS:
  • In general people who tell they are far superior to others only proof that they are not. Those who are really superior never make such a statements.
  • Out of curiosity: how do you know that you are one of the best mathematicians in the english speaking world?
 
hobothedestroyer said:
while i can be arsed let me just tell you something about maths, though

as feynman has explained, maths is a reasoning, a way of thinking, you can't just translate human language in and out of maths, it needs to be understood separately, internally

traders like you aren't real mathematicians, you're just parrot learners of anything, your favourite pastimes are in fact watching glitzy movies and sports, you're good at one liners

you cannot understand anything people like me do

your best bet is to quit - people like ME own the trading world, it is our world not yours

talking the talk and walking the walk doesn't do it

to be bankster number one you have to be a truly autistic motherfucker

you, my friend, are mathematically illiterate, in the end, like all the other latin and greek students i've had to teach a thing or two about mathematical truth

at school people like you didn't generally try and overtly claim to know more than me because i'd be beating you in class every time

but once you're out of the reach of actual performance measurement, you love to believe you know it all

you do not. not one of you here is george soros, and that is a fact.
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Is that you TDMA? Folks, look up TDMA...they are very similar. Both have a narcissistic mentality and treat ET members like we are some sort of scientific experiment created only for their amusement. We are the insects...he's the scientist. It's o.k. to be weird, but what makes him the worst kind of weird is that he has to sling it on us over and over. What a trip!

Hobo...you can tell us the truth...it's o.k. Need some therapy...we can help with that.:sneaky:
 
hobothedestroyer said:
while i can be arsed let me just tell you something about maths, though

as feynman has explained, maths is a reasoning, a way of thinking, you can't just translate human language in and out of maths, it needs to be understood separately, internally

traders like you aren't real mathematicians, you're just parrot learners of anything, your favourite pastimes are in fact watching glitzy movies and sports, you're good at one liners

you cannot understand anything people like me do

your best bet is to quit - people like ME own the trading world, it is our world not yours

talking the talk and walking the walk doesn't do it

to be bankster number one you have to be a truly autistic motherfucker

you, my friend, are mathematically illiterate, in the end, like all the other latin and greek students i've had to teach a thing or two about mathematical truth

at school people like you didn't generally try and overtly claim to know more than me because i'd be beating you in class every time

but once you're out of the reach of actual performance measurement, you love to believe you know it all

you do not. not one of you here is george soros, and that is a fact.
More...



This clown is hilarious!

#eigenvalues
 
"solipsistic"
That's an interesting word to describe someone.
I agree with hobo that maths indeed is a very large part of trading which gives an edge and perhaps we don't concentrate enough on that.
 
BONECRUSHER said:
Is that you TDMA? Folks, look up TDMA...they are very similar. Both have a narcissistic mentality and treat ET members like we are some sort of scientific experiment created only for their amusement. We are the insects...he's the scientist. It's o.k. to be weird, but what makes him the worst kind of weird is that he has to sling it on us over and over. What a trip!

Hobo...you can tell us the truth...it's o.k. Need some therapy...we can help with that.:sneaky:
More...

wow. as i pointed out. compulsive and paranoid behaviour is one of the characteristics of a day trader.

no son, i've never met you before. your belief that you are being persecuted is all in your mind! :-)
 
schweiz said:
Just two remarks:
  1. I know a few "very smart math geniuses" that never could make any money in trading, while other mathematical illiterates did make money. There is no 1:1 relation between "very smart math geniuses" and trading performances. Otherwise all succesful traders would have to be mathematical geniuses, which is not the case.
  2. I managed in past a financial department of a billion dollar company. From the 80 people in my department, at least half was intellectually smarter then me. However I became the manager of the department because I had more knowledge about the required skills for the job, so intellectual smarter is no requirement to beat others. Having the needed skills is.
PS:
  • In general people who tell they are far superior to others only proof that they are not. Those who are really superior never make such a statements.
  • Out of curiosity: how do you know that you are one of the best mathematicians in the english speaking world?
More...

pure neoliberalism. amazingly weak. i'm glad people like you populate the marketplace - or how could i do what i do?!!!
 
(by pure neoliberalism i actually mean pure intellectual dishonesty - the notion that being good at maths makes you bad at trading!!! proves my point. to a day trader the method lies in brawn not brains)

(obviously literally speaking neoliberalism is just one of the diseases caused by intellectual dishonesty - so i should have said 'pure intellectual dishonesty' - but indeed pathological - the man truly believes that the stupider you are the 'better trader' you make!!)

(that's just hilarious. a guy arguing that being good at maths makes you a bad trader. that just HAS to go into some of my journalism.)
 
"Those who are really superior never make such a statements."

that is the mantra of stupid people and the main reason most school children never listen to their teachers
 
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