a theory about good vs. bad traders

Discussion in 'Trading' started by pinetboltz, Mar 15, 2023.

  1. I think this mindset applies to many aspects of life (or performance related occupations)…it’s ultimately why there are elite performers and a vast majority of also rans
     
    #11     Mar 15, 2023
    deaddog likes this.
  2. Of course it doesn’t, but if you’ve ever been around the types of people who are ready excuse makers, then you can relate to the point the OP is trying to make.
     
    #12     Mar 15, 2023
  3. Those teams pre free agency were basically all pros at every position…could make the case that he was a reasonably decent qb surrounded by world class talent at a time where they had a dynasty
     
    #13     Mar 15, 2023
  4. In the late 90s and early 2000s I enjoyed playing bullet chess, had a ok rating for my goals. There was a mean, nasty trash talking kid who loved killing us on Chessdotcom. He became World Champ! I guess being nasty and trash talking about “being the greatest” did not affect Nak.
     
    #14     Mar 15, 2023
    rb7 and Nobert like this.
  5. If ya got talent, ya got talent…
     
    #15     Mar 15, 2023
    TrailerParkTed likes this.
  6. maxinger

    maxinger

    I guess there will be another thread :

    The fact about good vs. bad traders
     
    #16     Mar 15, 2023
    pinetboltz likes this.
  7. pinetboltz

    pinetboltz

    along those lines i always thought trading should be an olympic/ esports event

    have each country send a team, eg. 4-5 of their top traders and have them trade sessions throughout the summer televised in front of a world audience

    my predicted rankings would be,
    #1 - US, bc the team would prob have a decent edge but also be the most confident in using leverage
    #2 - Japan, they seem to have quite good day traders (eg along the lines of BNF, CIS, tesuta), but prob would be a bit more conservative in leverage
    #3 - wildcard, maybe a tossup between France (bc the ecoles guys seem to always come up with esoteric but somewhat profitable trades, that few others are doing) and Australia (bc they seem the most detached/ able to cynically trade regardless of central bank positioning)

    lol tongue in cheek only
     
    #17     Mar 15, 2023
  8. Handle123

    Handle123

    "TRY" or "WILL", these two words are simple but they are difference between those who are CEO's and majority of people who work under them.

    Same with trading.
     
    #18     Mar 15, 2023
    Nobert likes this.
  9. I think this may be true, but good traders also know what they are doing, and refrain from trying new things until they are tested and proven. I like how you follow your system. :)
     
    #19     Mar 16, 2023
  10. If you look at top banks and hedge funds within these asset classes, it generally falls along these lines (geographically): London is probably the best for macro traders (rates, fx, macro relative value, etc.). Hong Kong and Singapore are the best for EM FX and EM Rates, probably because the beta is so good (lots of healthy, growing, economies). The US is the best for equities and vol, though credit derivatives is notoriously french.

    Going back to the first post -- you can easily tell if someone is a hobbyist because they have a very shallow understanding of markets and yet are very confident that they understand them lol.
     
    #20     Mar 16, 2023
    JonLivingston likes this.