This alludes to the crap trading techniques that don't work. The tyro knows nothing, and everybody, including himself, knows it. But the next, or second, grade thinks he knows a great deal and makes others feel that way too. He is the experienced sucker, who has studied not the market itself but a few remarks about the market made by a still higher grade of suckers. The second-grade sucker knows how to keep from losing his money in some of the ways that get the raw beginner. It is this semisucker rather than the 100 per cent article who is the real all-the-year-round support of the commission houses. He lasts about three and a half years on an average, as compared with a single season of from three to thirty weeks, which is the usual Wall Street life of a first offender. It is naturally the semisucker who is always quoting the famous trading aphorisms and the various rules of the game. He knows all the don'ts that ever fell from the oracular lips of the old stagers excepting the principal one, which is: Don't be a sucker! This semisucker is the type that thinks he has cut his wisdom teeth because he loves to buy on declines. He waits for them. He measures his bargains by the number of points it has sold off from the top. In big bull markets the plain unadulterated sucker, utterly ignorant of rules and precedents, buys blindly because he hopes blindly. He makes most of the money until one of the healthy reactions takes it away from him at one fell swoop. But the Careful Mike sucker does what I did when I thought I was playing the game intelligently according to the intelligence of others. I knew I needed to change my bucket-shop methods and I thought I was solving my problem with any change, particularly one that assayed high gold values according to the experienced traders among the customers.
Look up a Jiujitsu training manual you'll see many techniques: finger breaks, wrist locks, joint locks, choke holds, and arm bars etc. you can find them very useful, in fact if you remove the glove in a mma fights most of those techniques can work very affectively. BJJ was derived from the original art of Japanese Jiujitsu with the added ground games. Don't forget that three fighters from the Gracie family had their arms broken by a Japanese fighter using the original art. BJJ fighters used to walk around with an air of superiority but no longer since fighters have learned how to defend take downs, they have watched enough fight to know how to defend themselves. As a martial art practitioner you always think of ways to defend against attacks and in a street fight I don't think BBJ is the ultimate answer, you can come up with many ways to defend yourself. Can you think of a better way than to kick the guy in the ball when he comes closed enough or break a his finger when he tries wraps you from behind; no matter how big is the guy if he is not careful I can break his finger. Fighting the street way is to fight dirty and all techniques are available at your disposal and not subjected to the rules of mma.
Sorry but this analogy has nothing to do with trading. Its like saying that Fedor in his next fight needs to change and give his next opponent lessons on how to beat him.
Its like saying that the gurus who give out very complicated (you could say "esoteric") trading strategies/knowledge are the same as the "Fire Breathing, Kung Fu Masters" when it comes to real trading ... if they tried to do it they would lose terribly. Point-in-fact, those who have tried it, have lost terribly, and run away from the competiton, to boot. When you look at it from that perspective, it makes a lot of sense. Real trading is all about doing what works, just like real combat. It's not about giving out esoteric knowledge so your acolytes can worship the ground you walk on ... even though you can't trade a lick!
There are exceptions like the Lyoto Machida and his 13-0 mma record. http://www.sherdog.com/fighter/Lyoto-Machida-7513
Sambo and Judo are already on my list. Fedor destroys everyone because Fedor is simply crazy good at everything. But he is pretty much the only sambo/judo guy who has been really been that successful in MMA. He is an exception on the tail end of the bell curve. As a trader, you already know to look at the big statistically picture, and in that picture sambo/Judo have not faired that well, but BJJ has been a huge factor in MMA. Wrestling too.
They train it and many are still in the process of converting to it. For example: The MCMAP (Marine Corps Martial Arts Program) is basically BJJ now. The early UFC's allowed head butts, and groin strikes and it didnt help their practitioners stop the BJJ guys from destroying them. In fact, the BJJ guys were the ones doing all the head butting because they were the ones who were able to get the superior position to use the head butt techniques. But they would get owned by BJJ guys and likely headbutted by BJJ guys who are experienced in clinching, takedowns and HEAD CONTROL to prevent headbutting. Wrestling is great, but without BJJ they are easily submitted since they dont know what is coming or how to defend submissions. This sounds like your typical McDojo BS. Youre not going to land that super duper neck shot on anyone who is trained. I hope you have a lot more than a neck shot. LOL. Sure if you stand there and let a guy take a free shot it can do damage, but that doesnt happen in the street. It bullshit. Throat strikes rarely end fights. They are not a real factor in fighting, sorry. Invalid argument. The early UFCs truly had nearly no rules. There are other underground orgs that still have no rules, and guess what, cage fighting with dirty techniques allowed still works extremely rare. Cage fighting is not negated by adding dirty techniques. A cage fighter who is allowed to use dirty techniques will just F you up that much more. He will be the one with the skills to be able to pull them off, not you. Like I said, the dirty stuff has already been testing in cage fighting. Its not going to save you against an MMA guy. In fact, he is in a far better position to use it against you. Oh, and in Pride(Japanese UFC) you could need to the head on the ground. These are the dumb excuses the old style MA guys are using now. "mma isnt realistic. I cant use my deadly throat strikes..." blah blah blah. Its like the god of the gaps. They can only point to what they are not allowed to do in UFC, and claim if they could do that, then they would win. Its delusional non-sense. The truth is, its already been tested and proven they would get destroyed even when allowing all the super duper dirty techniques. More MYTHOLOGY.
Well not quite. Machida started training BJJ at age 15 and has beaten top level BJJ black belts in submission grappling tournaments. He is clearly a BJJ Black Belt level grappler as well. UFC likes to hype the karate angle to add a bit of flavor to the mix. He's an MMA dude with a karate influence. Karate has done poorly in MMA, overall. Karate alone would get you killed. These days, and pure art alone will get you killed. You gotta have everything. 1) A solid grappling art that includes submission knowledge 2) A solid striking art 3) Wrestling for takedowns and takedown defense