Equality of outcome and trading

[2be]

The very name of this worthy forum, Trade2Win, suggests that a winning might be a preferable aim and a desirable outcome of the given traders efforts.

I am aware of the "win - win" scenario, along the lines of Pareto improvement, for example - every body wins if a war is avoided, though some investors in munition production might not gain, or even loose, but majority win and stay alive.
Another very important win-win scenario is furnished by the equality of opportunity.
Unfortunately the equality of opportunity is often confused with equality of outcome.
I firmly agree with the notion that every and all efforts made in promoting equality of opportunity is the best way forward.

Trading is not a win - win scenario, unless of course the losers gain some positive life changing insides which might be considered worthy principles to follow leading to positive improvements in their lives.
Pareto distribution of 80-20 rule very likely applies to retail traders, I would say well over 90% of retail traders are loosers and are hurt by it to various degree, few % break, even, and at best 5% are consistent winners, winners also of various degree measured by amounts, or percentages.
Realistically, it can safely be assumed that an overwhelming majority of retail traders by their own actions have placed themselves firmly in the segment of traders where the common qualifier, taking into account all members of that group, is 100% equality of outcome in status of being a looser, though with the various degrees of lost capital, time and effort.

TBC

 

[Simon54]

The very name of this worthy forum, Trade2Win, suggests that a winning might be a preferable aim and a desirable outcome of the given traders efforts.

I am aware of the "win - win" scenario, along the lines of Pareto improvement, for example - every body wins if a war is avoided, though some investors in munition production might not gain, or even loose, but majority win and stay alive.
Another very important win-win scenario is furnished by the equality of opportunity.
Unfortunately the equality of opportunity is often confused with equality of outcome.
I firmly agree with the notion that every and all efforts made in promoting equality of opportunity is the best way forward.

Trading is not a win - win scenario, unless of course the losers gain some positive life changing insides which might be considered worthy principles to follow leading to positive improvements in their lives.
Pareto distribution of 80-20 rule very likely applies to retail traders, I would say well over 90% of retail traders are loosers and are hurt by it to various degree, few % break, even, and at best 5% are consistent winners, winners also of various degree measured by amounts, or percentages.
Realistically, it can safely be assumed that an overwhelming majority of retail traders by their own actions have placed themselves firmly in the segment of traders where the common qualifier, taking into account all members of that group, is 100% equality of outcome in status of being a looser, though with the various degrees of lost capital, time and effort.

TBC

Do you feel lesson learned from losing are worth the cost?

 

[2be]

Do you feel lesson learned from losing are worth the cost?

I would say a big YES!!!, but that IMHO relates only for the very small minority in terms of the utility of losing being applied exclusively to trading.

Apart from very few exceptions, majority of "traders" frequenting forum like this are retail traders, having much in common, including at the same time both: no idea of trading and no idea of retail and that alongside of many other misconceptions about human nature and institutional "operations".
Large numbers of "traders" stopping posting on forums like this is there to be seen, reasons of their short-lived activities vary, from the once who became very profitable and/or become institutional traders and do not post or cannot post - there are few of them, natural causes in some cases and the majority IMHO who could not afford continually losing hard earned capital, on the top of loosing time and effort.

I also take into account that loses in trading might have a positive impact in other areas in the life of people that decided to quit trading for good or for a time being. In a strange way these loses fall into category of loses being worthy of the cost involved. I personally know several people like that, one of them being a much better trader than myself ( emotions and time availability has payed a big part) and it can be postulated that their losses were worth the cost, while few became very unwell and the story is very different.

One of the subjects that fascinates me in relation to trading is the whole area of the unavoidable reality of the immanent presence of truth so powerfully displayed with nobody being able to question it, negate it or renegotiate it! What about that?
The inability to face the truth is commonly spread across all segments of society, trading is a powerful and a great example.
There is an absolute necessity for our generation and generations following us to be oriented upwards with higher aims worthy of necessary sacrifices on the difficult and testing road to achieve these worthy aims or to come as closely to them as possible.
Tragically it is so easy to give up this positive orientation, and play victimhood card while negating and avoiding life and freedom preserving responsibilities, thus being firmly committed to travel on the downward oriented staircase (or in some cases cliff) terminating in hades or below it!

 

[Simon54]

I would say a big YES!!!, but that IMHO relates only for the very small minority in terms of the utility of losing being applied exclusively to trading.

Apart from very few exceptions, majority of "traders" frequenting forum like this are retail traders, having much in common, including at the same time both: no idea of trading and no idea of retail and that alongside of many other misconceptions about human nature and institutional "operations".
Large numbers of "traders" stopping posting on forums like this is there to be seen, reasons of their short-lived activities vary, from the once who became very profitable and/or become institutional traders and do not post or cannot post - there are few of them, natural causes in some cases and the majority IMHO who could not afford continually losing hard earned capital, on the top of loosing time and effort.

I also take into account that loses in trading might have a positive impact in other areas in the life of people that decided to quit trading for good or for a time being. In a strange way these loses fall into category of loses being worthy of the cost involved. I personally know several people like that, one of them being a much better trader than myself ( emotions and time availability has payed a big part) and it can be postulated that their losses were worth the cost, while few became very unwell and the story is very different.

One of the subjects that fascinates me in relation to trading is the whole area of the unavoidable reality of the immanent presence of truth so powerfully displayed with nobody being able to question it, negate it or renegotiate it! What about that?
The inability to face the truth is commonly spread across all segments of society, trading is a powerful and a great example.
There is an absolute necessity for our generation and generations following us to be oriented upwards with higher aims worthy of necessary sacrifices on the difficult and testing road to achieve these worthy aims or to come as closely to them as possible.
Tragically it is so easy to give up this positive orientation, and play victimhood card while negating and avoiding life and freedom preserving responsibilities, thus being firmly committed to travel on the downward oriented staircase (or in some cases cliff) terminating in hades or below it!

Just curious to know - how do you stay grounded when things get tough?

 

[2be]

Just curious to know - how do you stay grounded when things get tough?

In electrical terminology grounded also means earthed, so the link below might come handy
https://www.amazon.co.uk/earthing-mat/s?k=earthing+mat or search eBay ect... Being grounded is great and not that difficult, am using these mats for a long time, walk barefoot on a lawn, on on the beach is also useful.
It is very beneficial to be grounded all the time or as often as possible. (have a look on the benefits on internet, and there is also a useful and interesting book on that subject).

when things get tough
It is always tough, although some would like us to believe otherwise. Such proposed belief and orientation, namely denying that things demand effort, attention to details, commitment to be truthful, steadfast adherence to worthy and proven principals, and many more is utopian, untrue and harmful when applied to trading and generally applied to many or all areas of life.

Trading for real is always tough! One needs to be aware of this basic fact and be well prepared to bravely face it.
That demands to be well equipped using the very best stuff one can effort, including time, emotional and financial resources.
When the above is ignored or only half heartedly applied, the results come fast ranging from suboptimal to complete disaster.

One is usually firmly rooted in Option1, 2 or 3 listed below, though for a shorter time one might be on a border line and between these three options, hesitating, hoping, denying reality and be completely in no man's land often filled with dangerous mines planted by others and often planted by the one desiring to be a trader himself/herself.

Option 1: trading for real - Option 2: playing with trading ideas, paper trading, demo trading - Option 3: not trading either for a time being or for good

There is much much more to be said on the subject, but let this suffice for a time being.

I am able to edit posts only within 24 hrs of posting them, including the opening 1st post.
Due to that I am limiting further posting on this forum and will continue on the "other forum" where I can at least edit the first/opening post and organise the thread in a more useful fashion.
Saying that I shall visit this forum from time to time.
Wishing all the very best,
2be

 

[2be]

Something is not working