I don't think so, but I'm sure it's possible to generalize and say that anyone who makes a serious attempt at making it as a trader is not an average person.
yeah, you're right. I had it backwards. Funny thing is, it did finally rain that year. I think it was on a weekend, and beans went down the limit. I started making jokes about it, but everybody in the office was long and didn't want to hear it. I mean, they were in a bad mood. I just took the day off and got the heck out of there. It wasn't like anything was trading. There it sat, locked limit down.
I've been stuck at the limit on the wrong side of the market and it's just a helpless feeling. If you're on the right side life is good
Most martial arts have very clear rules. It's not like you can repetitively kick your opponent in the groin or try to twist the neck.
How is it different from any other sport or game then? I think sociopathy is a gradient, not an absolute. Very few are complete sociopaths. Trading favors those who can be calm and separate their "self" from their trading, so there's a clear reason why sociopaths would do great in trading and any other extremely competitive business.
Try this before a trade. 1) You will only trade based on a defined edge based setup, which you wait patiently for. If you don't see a setup, you don't trade. 2) Once you activate a trade, you will abide by your stops and targets and accept the risk of the money you committed to the trade may be lost. 3) You have determined either a stop loss limit or number of trades you will take during the time that the market is open, and no matter the outcome of this trade, you stick to the plan and don't revenge or over trade, if you take a loss. The reason for doing this is even when your trades have stops and targets, you don't want to end up revenge trading on a day or 2 days when the market is for example more random than normal or you just are not in the zone. I have had days where I have revenged traded which have cost me money. If I just stopped trading on those days with a small loss, I could have made the money back the next day. It's not easy taking a loss, but that is what trading is about. You need to take some losses to get to the winners. They can come in a streak, you can have a couple of days of loss, and then 3 days of winners. The point being you don't want to make you daily loss worse on bad days, and you don't want to be afraid to take a trade after some winning days since you may be afraid of a loss. By following your rules, being patient, and not revenge trading, you will slowly start to make money. There is no magic way to make a ton of money unless you win the lottery. I know some people who swing trade for bigger profits than me, probably make more money, but my scalp trades probably have a higher win % than them, and I don't have to hold over night.
yeah, that's a good way to lose your ass. Thinking you are smarter than the market. What you just described is a recipe for disaster. If it was that easy everybody would be doing it.