Trading basics

Discussion in 'Trading' started by rajesheck, Dec 20, 2016.

Does trading business need creativity to succeed ?

  1. Yes

    12 vote(s)
    80.0%
  2. No

    2 vote(s)
    13.3%
  3. May be

    1 vote(s)
    6.7%
  1. Chris Mac

    Chris Mac

    Seriously, do your homework! There are 4 market wizards books available with dozens of famous traders inside, and noone speaks of "creativity". And if these books are too expensive or too long to read => google, there are thousands of quotes, hundreds of videos from all-star traders, and yes it is always a question of hard work, patience, humility, discipline, and not a question of creativity. Trading is repetitive (boring would say some people), not funny or "creative".
    This is like playing tennis. Same actions, same results.
    If you are an amat, you think you can be creative and have fun.
    If you are pro, you always play the same because you play to make money, not to have fun.

    CM
     
    #21     Dec 29, 2016
  2. I got you :)

    I agree that trading like a pro with repetitive pattern may not be so fun or creative.

    I see two stages....

    Stage one : Creative Process : Developmental stage of a new strategy, testing it and making sub consequent vital changes are all creative process.

    Stage two : Professionalism : Trading like a pro demands hard work, patience, discipline, humility, etc.

    Also it is normal that the authors won't explicitly say that it is their creativity or creation.

    One final thing is that the repetitive chart/data patterns are not exactly the same and unique to some extent. Thus pattern matching skill while trading has something to do with creativity though at a minuscule level.

    One thought provoking question : Do aspects like discipline, humility, patience, inspiration, interest, intuition, etc belong to analytical thinking or creative thinking ?
     
    Last edited: Dec 29, 2016
    #22     Dec 29, 2016
  3. Chris Mac

    Chris Mac

    Before your "creative process" :
    Stage one : watch, observe, read, analyze how good traders act.

    I agree.

    CM
     
    #23     Dec 29, 2016
    rajesheck likes this.
  4. Very true. Bloom's Taxonomy explains it in details.
     
    #24     Dec 29, 2016