That is such a good point - sometimes we have to pay attention
to what is not being said. I remember one of the best lessons
I ever learned in my trading was, it is not what you win, but what
you do not lose. take care. play safe.
yes good points. Also think about this - a brand new
trader: it's much worse if a new trader takes say 10K and turns it
into 50K right away, vs taking 10K and turning it into $3K. Because
the new trader who turns 10K into 50K right from the get go, they
think they have it figured out, they didn't go through hard lessons
that caused them to get rid of bad habits and being disciplined,
money management. Because now the new trader that turned 10K
into 50K or 100K, will probably turn that back into 10K or 3K.
You have to go through the 'pain' hard lessons unfortunately
to learn these things. You have to go through the hard
lessons when trading, better to get it over with early on.
and of course because we are talking about humans - everyone is
different, some people learn much faster, and others may have to go
through this a few times blowing up accounts before they get it.
It's not about how smart you are, it's about emotion.
Heck some of the smartest guys I've talked to were the WORST
traders I've seen.
also - there's a book out there that talks about how
former professional athletes tend to make the best traders because
they learned to handle their emotions during their career
For the short term it
Posted by steve on 2nd of Apr 2020 at 11:30 am
For the short term it should be a good time for the car insurance company's - less driving = less accidents and less claims
Opposite view would be for auto parts company's - need less replacements with less accidents and driving
excellent point... geico cleaning up
Posted by RP on 2nd of Apr 2020 at 11:32 am
excellent point... geico cleaning up ..buffet real quiet also interesting..
That is such a good
Posted by tahoe on 2nd of Apr 2020 at 12:02 pm
That is such a good point - sometimes we have to pay attention to what is not being said. I remember one of the best lessons I ever learned in my trading was, it is not what you win, but what you do not lose. take care. play safe.
yes good points. Also think
Posted by matt on 2nd of Apr 2020 at 12:25 pm
yes good points. Also think about this - a brand new trader: it's much worse if a new trader takes say 10K and turns it into 50K right away, vs taking 10K and turning it into $3K. Because the new trader who turns 10K into 50K right from the get go, they think they have it figured out, they didn't go through hard lessons that caused them to get rid of bad habits and being disciplined, money management. Because now the new trader that turned 10K into 50K or 100K, will probably turn that back into 10K or 3K. You have to go through the 'pain' hard lessons unfortunately to learn these things. You have to go through the hard lessons when trading, better to get it over with early on.
and of course because we are talking about humans - everyone is different, some people learn much faster, and others may have to go through this a few times blowing up accounts before they get it. It's not about how smart you are, it's about emotion. Heck some of the smartest guys I've talked to were the WORST traders I've seen.
also - there's a book out there that talks about how former professional athletes tend to make the best traders because they learned to handle their emotions during their career
Amen
Posted by rogerv on 2nd of Apr 2020 at 12:30 pm
Amen
rp - less driving so
Posted by steve on 2nd of Apr 2020 at 11:37 am
rp - less driving so maybe negotiate with your agent (hell everyone else is with rent etc)