they are planning their retirement. For example, calculating their retirement plans value, finding a retirement home, or finishing their mid adult chapter.
So because they might sit down with a calculator and a notepad one evening, they are least likely to lose in trading. ROFLMAO
think about it though, if u are at the age of 55 yrs old, work for the government since at the age of 31, and plan to retire at the age of 65, would u want to begin a career as a trader?
Here is an interesting article: Sorry, but women canât trade 8 March 2011 As itâs International Womenâs Day and everyoneâs bemoaning the fact that women donât have a better deal in life, Iâd like to make a brief point: I have tried to employ women as traders; it doesnât work. Much as it pains me to say so, the reality seems to be that women canât trade prop. Show me a woman whoâs a competent prop trader. Iâll show you a man in disguise. I have tried very hard to disprove this theory. I have hired plenty of women. None of them have ever stuck at it. They all started off in a very conscientious and analytical manner and were very keen, but after two or three months it was all over. Why? I blame two things: emotion and boredom. When a woman trades, it doesnât take long before she becomes emotionally involved in what sheâs doing. She loses the discipline thatâs needed to make money consistently. She fails to maximise profits and fails to minimise losses. She also becomes bored. Staring at a screen all day doesnât seem to offer the mental stimulation that a woman requires. Women need interactivity. In my experience, theyâre better at relationship-based trading. When itâs just them and the screen, it doesnât work. I wish this wasnât the case. I wish I didnât have to be the one to point it out. But someone needs to. This isn't a qualitative judgement. In this industry, performance is measured very simply in terms of P&L. I have given a lot of female traders a chance. None of them have taken it. The author is an anonymous (male) prop trader.
The thread opener has offered age, class and gender to decide what group produces losers (rather than winners?) Missing are divisions by ethnicity and physiology (eg brown eyes versus blue eyes). Lets consider women. There are as many sheep among men as there are among women. However you can successfully deploy young intelligent women in trading with good training and the application of team and leadership principles to fully engage their attention, dedication and loyalty. They are my preference because men can get ideas above their station while their ambition can also make them unreliable.