Video games players make great traders

15 min tlb · Mar 23, 2013

An experiment was conducted .A sharp brained intelligent video games player was given a winning set of rules to follow .He traded a live account , and in his first week made 65 pip with 10 pip draw down.He is disciplined and follows the game plan given by a professional trader.In one week he is ready to trade like a pro.

100 year old keeps sharp playing Nintendo DS - YouTube

15 min tlb · Mar 23, 2013

Honorary member split link stand up.

15 min tlb · Mar 24, 2013

Technical trading is very simple and easy to learn , but unfortunately it is being taught by clueless , unsuccessful and useless traders.

I don't read books from failed traders or writers whose opinions may be biased and incorrect , with the sole motive behind their manipulated opinion being to market their books.

I am not buying his book or giving my money to the picks and shovels merchants of the trading gold rush , the picks and shovels merchants being authors , course sellers , mentors , trading educators ,signal sellers and software sellers.

How did people in the CA gold rush make money without mining for gold

Klondike Gold Rush - Wikipedia, the free encyclopedia

15 min tlb · Mar 24, 2013

The trader had never traded in his life and knew nothing about trading , a fact I forgot to mention.He could play computer games and video games .

One can hire these game skilled players for $100 per week.

Google

You got clueless mentors telling you it will take x years to learn to play a game.

trendie · Mar 24, 2013

playing a game, and losing points, is quite different from trading and losing MONEY.

if you told all those armchair warriors that everytime you lost a level on Call of Duty, you had to lose a finger, there would a hell of a lot of fewer players.

in a computer game, there are no consequences beyond the console.
in trading, your mortgage, bills, etc, are on the line, in a very real sense.

the other aspect is that players, once given a set of rules, find that despite following the rules, they experience a string of events that are not helpful. how do you educate them that the rules dont guarantee a linear outcome. If A, then do B, then C will happen?
we have all experienced the perfect entry according to our rules, only for the market to decide "not today, pal".

games players also require immediate feedback, so its only relevant to scalping, where you have the relative mountain of the spread to overcome.

real traders are more akin to chess players. they may take hours, or even days, to choose the next move.

nice idea, though.

15 min tlb · Mar 24, 2013

trendie said:
playing a game, and losing points, is quite different from trading and losing MONEY.

if you told all those armchair warriors that everytime you lost a level on Call of Duty, you had to lose a finger, there would a hell of a lot of fewer players.

in a computer game, there are no consequences beyond the console.

in trading, your mortgage, bills, etc, are on the line, in a very real sense.

the other aspect is that players, once given a set of rules, find that despite following the rules, they experience a string of events that are not helpful. how do you educate them that the rules dont guarantee a linear outcome. If A, then do B, then C will happen?
we have all experienced the perfect entry according to our rules, only for the market to decide "not today, pal".

games players also require immediate feedback, so its only relevant to scalping, where you have the relative mountain of the spread to overcome.

real traders are more akin to chess players. they may take hours, or even days, to choose the next move.

nice idea, though.

The game player was given KOSHER rules by a pro , he was given precise entry rules and exit rules , with stop loss , trailing stop and psyche management techniques.He was also warned about trend failures , set up failures and failure of technical analysis on a regular basis.

He was given one week to play the game , after one week he was going to be fired , if he did not perform .He was going to die , if he did not perform.He was ready to play the rules of trading doom and won.

Old School Gaming - The Ultimate Doom - YouTube

the hare · Mar 24, 2013

15 min tlb said:
He was given one week to play the game , after one week he was going to be fired , if he did not perform .He was going to die , if he did not perform.He was ready to play the rules of trading doom and won.

This really isn't helpful, its about as far away as you can get from reality

Imagine you had a weighted coin, that landed on heads with a probability of 0.6, and that a head represented a win. That's an edge orders of magnitude greater than any trader in history was ever able to develop.

Every day you get to toss the coin, there's a 60% chance of getting a win. As long as you have 3 wins out of 5 at the end of the week, you get to keep your job

How long do you think you'd last before getting fired ?

Toss 100 such coins into the air every day, and that's another matter of course

Now imagine the trader not with a well behaved weighted coin, exhibiting a gigantic edge, with simple win / lose outcomes, but with a small edge, and a far wider distribution in wins and losses, and the psychological pressure of dealing with money, plus their job security. How long before they are fired ?

I suppose there is a valid point, and that is even in unrealistic simulations with built in positive expectancy, people in general still can't follow a simple set of rules and achieve a positive outcome.

15 min tlb · Mar 24, 2013

the hare said:
This really isn't helpful, its about as far away as you can get from reality

Imagine you had a weighted coin, that landed on heads with a probability of 0.6, and that a head represented a win. That's an edge orders of magnitude greater than any trader in history was ever able to develop.

Every day you get to toss the coin, there's a 60% chance of getting a win. As long as you have 3 wins out of 5 at the end of the week, you get to keep your job

How long do you think you'd last before getting fired ?

Toss 100 such coins into the air every day, and that's another matter of course

Now imagine the trader not with a well behaved weighted coin, exhibiting a gigantic edge, with simple win / lose outcomes, but with a small edge, and a far wider distribution in wins and losses, and the psychological pressure of dealing with money, plus their job security. How long before they are fired ?

I suppose there is a valid point, and that is even in unrealistic simulations with built in positive expectancy, people in general still can't follow a simple set of rules and achieve a positive outcome.

An employer would allow the trader a 10 to 15 losses drawdown , without this flexibility , the trader would not survive for long either due to poorer method or random distribution of wins/losses or phsyche.

Title of thread should be disciplined video game players can make great traders , subject to a professional game plan and a good video game player.

15 min tlb · Mar 24, 2013

These are actual trades by a game player.Trading is so phucin easy........Trader was given a game plan to cut losses fast and run profit.He was just learning , wait till he becomes a skilled trader.

the hare · Mar 24, 2013

What are the figures in the last column ?

15 min tlb · Mar 24, 2013

the hare said:
What are the figures in the last column ?

Trade numbers , but irrelevant to the topic.Nothing is hidden or left out and these are actual results at pound per point , but if this coming week is successful we go 100 gbp per point by next week.

15 min tlb · Mar 24, 2013

I also tried a cheap retarded player with language issues , and another emotional player , it did not work

Video games players make great traders

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