ratan: what i said was meant to be satiracal but as you were unable to comprehend that let me explicitly explain to you, you see most people who tarde or even those who frequent traderji have an intelligence level above average, I very much doubt any sane person would dispute this or do you?
Anyway out of all the people who trade and as I've explained to you most (not all) have an intelligence level above average the question of those who fail being "dumb" simply does not arise. So forget about 95% even 50% or less wouldn't be considered dumb by conventional standards (I refer to IQ and EI) So among this group of intelligent people what separates the successful from the unsuccessful ... although this is disputabe I believe the answer to be discipline and knowledge you see it has nothing to do with being dumb.
So you see it has nothing to do with being "dumb" as most traders have an intelligence level well above average. Oh and lastly if even 50% aren't considered dumb how can 95% be considered dumb?
Lastly are you so naive as to believe all the full time traders here at traderji (the 5% as you say) are able to beat the equity diversified MF average returns, although as uashish said it is indeed possible let me assure you only a handful here actually do.
Anyway out of all the people who trade and as I've explained to you most (not all) have an intelligence level above average the question of those who fail being "dumb" simply does not arise. So forget about 95% even 50% or less wouldn't be considered dumb by conventional standards (I refer to IQ and EI) So among this group of intelligent people what separates the successful from the unsuccessful ... although this is disputabe I believe the answer to be discipline and knowledge you see it has nothing to do with being dumb.
So you see it has nothing to do with being "dumb" as most traders have an intelligence level well above average. Oh and lastly if even 50% aren't considered dumb how can 95% be considered dumb?
Lastly are you so naive as to believe all the full time traders here at traderji (the 5% as you say) are able to beat the equity diversified MF average returns, although as uashish said it is indeed possible let me assure you only a handful here actually do.
Isn't that true in any field? Once you get into IIT you are considered to be the top 1% or 0.5% in the country. But then among IITians not all have become great achievers. If you go to 3rd grade B-schools you'll find quite a few of them languishing. Does that make them less intelligent? Among the lot there they will be the brightest. So it is all relative. Out of the 5% successful ones, there will be a top 10% and so on, and your level of granularity can be taken as far as ranking each individual.
So if you are not a Devi Shetty, will you stop becoming a cardiologist? If you are not a Federer, will you stop playing Tennis?
So if you are not a Devi Shetty, will you stop becoming a cardiologist? If you are not a Federer, will you stop playing Tennis?
U
This i am sure CV will disagree:=
"ratan: what i said was meant to be satiracal but as you were unable to comprehend that let me explicitly explain to you, you see most people who tarde or even those who frequent traderji have an intelligence level above average, I very much doubt any sane person would dispute this or do you?"
He equates Carpentary & Stock Trading requires same IQ ,infact he is right.
On a roaring Bull mkt even my maid-servant will make money,we normally equate wins to IQ level !!!! It is random yarr.
"ratan: what i said was meant to be satiracal but as you were unable to comprehend that let me explicitly explain to you, you see most people who tarde or even those who frequent traderji have an intelligence level above average, I very much doubt any sane person would dispute this or do you?"
He equates Carpentary & Stock Trading requires same IQ ,infact he is right.
On a roaring Bull mkt even my maid-servant will make money,we normally equate wins to IQ level !!!! It is random yarr.
In The US some of the most successful traders are farmers and military guys. why? discipline and hard work. Most of the unsuccessful once are doctors, scientists and entrepreneurs. Why? Ego and need to do it right.
Trading is not rocket science, unless you want to employ some specific rocket science techniques to give you an edge. It is simple. But human beings are not simple. If trading success was directly proportional to intelligence then most of the successful engineers, doctors etc (who work for money and not passion) would have given up their
career and taken up trading to become big traders.
Even when it is not a bull market, the analogy between carpentry and trader remains the same. Make no mistake though. there are carpenters and there are carpenters. A roadside one who can barely provide for two meals to the one that designs/builds for Herman Miller or Durian. So the analogy is in monotonously applying what you have learnt, but not the process (effort/experience) of gathering knowledge/knowhow. And neither does it imply that you stop learning/experimenting with new ideas and tools.
Trading is not rocket science, unless you want to employ some specific rocket science techniques to give you an edge. It is simple. But human beings are not simple. If trading success was directly proportional to intelligence then most of the successful engineers, doctors etc (who work for money and not passion) would have given up their
career and taken up trading to become big traders.
Even when it is not a bull market, the analogy between carpentry and trader remains the same. Make no mistake though. there are carpenters and there are carpenters. A roadside one who can barely provide for two meals to the one that designs/builds for Herman Miller or Durian. So the analogy is in monotonously applying what you have learnt, but not the process (effort/experience) of gathering knowledge/knowhow. And neither does it imply that you stop learning/experimenting with new ideas and tools.
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