Which games resemble the game of trading the most?

Discussion in 'Psychology' started by aeliodon, Dec 19, 2006.

  1. qxr1011

    qxr1011

    100% agree
     
    #31     Dec 20, 2006
  2. ElCubano

    ElCubano

    at dont forget the bookie takes his commision... :D just like ur broker
     
    #32     Dec 20, 2006
  3. Chess seems like a good analogy, but I'm not so sure. There is no random element in chess as there is in the market. That random element is well represented by the dice in backgammon. Further, you can determine the odds you wish to pursue in backgammon and play them accordingly, either high risk or low risk. (Admittedly, the odds in trading are not as quite clearly defined.) And when you are in a good situation, you can increase your exposure with the doubling cube.
     
    #33     Dec 20, 2006
  4. igor043

    igor043

    Blackjack.
     
    #34     Dec 20, 2006
  5. Bootsie

    Bootsie

    Tetris
     
    #35     Dec 20, 2006
  6. i agree that chess is not a good analog for trading at all. ESPECIALLY day trading.

    games that incorporate game theory, management of risk, and chance as an element are closest to trading

    poker is clearly analogous, for example.
     
    #36     Dec 20, 2006
  7. Games do not work generally because competition and chance are found in most games. And they are not part of trading.

    Forbes recommended six pursuits for traders and investors for good reasons. We reviewed the suggestions and came up with alternatives that were related to markets. They all turned out to be very mind enhancing and worthwhile.

    The views presented in Forbes really drove home why a person needed to complete such pursuits to become competent in the financial industry. Expertese was the theme i many ways.

    Those who had done these pursuits were able to relate how it was helpful.

    One of our best traders was internationally known in one of the pursuits and she was able to give us an understanding of the connections. Ping pong was the pursuit. As you can see it has no resemblance to trading but it has personal trading benefits for the expert.

    Making money isn't a game like thing in any sense. You may have noticed that even the Learning Annex has not come up with a game that relates to making money.

    High velocity trading leaves no time during market hours for any thing but making the money the market continually offers.
     
    #37     Dec 20, 2006
  8. zdreg

    zdreg

    where is the bluffing in trading for day traders or swing traders
     
    #38     Dec 20, 2006
  9. The doubling cube feature makes backgammon the most analogous betting game to trading.........
     
    #39     Dec 20, 2006
  10. achilles28

    achilles28

    Civilization 3. Better than chess.
     
    #40     Dec 20, 2006