Is Trading a Team Sport?

Discussion in 'Psychology' started by mikeriley, Mar 28, 2024.

  1. rb7

    rb7

    IMO, trading it's not a zero sum game (at least not always).
    Because not all traders have the same objective, especially with derivatives where they are used to hedge, and not to make money straight from the position.

    When we trade, we are not competing with others. It's not who win (make the most money) vs who lose. Our biggest enemies are usually ourselves, not others. Who cares about others? If others lose money, that will not translate to us making money.

    The market is like a big ocean (filled with money and other traders instead of fish!).
    We just need to use our spoon to extract some money from it. We don't need to use shovel or anything bigger.
     
    #11     Mar 28, 2024
  2. mikeriley

    mikeriley

    On good trends I do like to use my Backhoe from time to time.:sneaky:
     
    #12     Mar 28, 2024
    murray t turtle likes this.
  3. 2rosy

    2rosy

    what do you consider a team? gymnastics? golf?
     
    #13     Mar 28, 2024
    murray t turtle and mikeriley like this.
  4. mikeriley

    mikeriley

    Basketball, Football, Baseball, Soccer and Polo.
     
    #14     Mar 28, 2024
  5. %%
    Good points, good %%;
    but sorry, most charts dont have turtle channels on them.
    2]NOT really a team sport;
    even though IBD may have front ran his /55 days with/ 50dma LOL.
    I seldom look @ 65dma, but did today, +on old WSJ paper charts
    :D:D.......................................
    Usually a 65dma = too little\ too late LOL
     
    #15     Mar 28, 2024
    mikeriley likes this.
  6. mikeriley

    mikeriley

    That's odd, I was under the impression most platforms offered Donchian channels.
     
    #16     Mar 28, 2024
    murray t turtle likes this.
  7. %%
    Close, but one is faster=more narroW than the other ;
    i saw cat today, lion colored, but smaller than killer mountain lion LOL........................
     
    #17     Mar 28, 2024
    mikeriley likes this.
  8. Collaboration is always better than isolation.
     
    #18     Mar 28, 2024
    mikeriley likes this.
  9. schizo

    schizo

    Actually, Sun Tzu isn't about ME vs YOU and all that other nonsense. It's all about psychological warfare and how best to use herd mentality to your advantage.
     
    #19     Mar 28, 2024
  10. Pekelo

    Pekelo

    Just because something is a competition that doesn't make it a sport. There is a competition to bring out X as first product to market, but that is still not a sport. There is a competition to mine on the Moon, still not a sport. etc.etc.

    Also in business competition there can be more than just one winners, unlike in sport.

    And even if trading were a sport, it would be one of the loneliest one, as another poster already said so.
     
    #20     Mar 28, 2024
    mikeriley likes this.