Are you Issac Newton or Albert Einstein?

Just have this interesting thought in my mind that classifies traders into 2 categories.

Issac Newton
Discovered the laws of gravity from his experiences, such as an apple falling to the ground. Highly successful in his field of study and we owe most of the technology we are enjoying today due to him. However, he is unable to explain why is there the presence of gravity.

Albert Einstein
Also highly successful in his field of study. Further discovered that the presence of mass causes the dimensional space around it to curve and the extend of the curvature depends on the mass of the object, that is why we experience gravity. Improved Newton's formula (F=ma) as the accuracy does not hold for objects approaching the speed of light.

Issac Newton in Trading
Observe from his experiences in price movements to find something that is consistent in certain market conditions. Do not understand why it happens, but is able to deduce with a high degree of certainty that it is repeatable.

In Issac Newton's era, they do not deal with high speed masses traveling near the speed of light and thus his formula F=ma is able to explain most of the phenomena happening around. However, if Newton were to start apply his formula to such high speed object during his era, he might have a new condition to his law of gravity, that it does not work with masses traveling near the speed of light.

Therefore Newton from his observations is able to find something consistent in the market (example: most of the time price close above or below its opening) and the market conditions for his theory to work and is highly successful. The market can evolve, but his keen sense of observation will help him adapt and keep him safe. It really doesn't matters whether he understand totally the dynamics of the market or not, he still can be successful.
Reminds me of crucial point =D


Albert Einstein in Trading
Understand the dynamics of which prices move, what are the psychology behind the movements (examples: Where are the barrier options, where are the likely heavy stops areas that is likely to follow through, where would the bears/bulls likely to be thinking to attack from) He profits based on his deep understanding of the market structure. I think this approach to trading is extremely versatile, flexible and possess great adaptability. It doesn't matters how the markets evolve, there will be always something to be exploited. It is not like his approach is superior to Newton or what, because the bottom line is consistency in profiting.

Reminds me of FTI or darkstar =D

I have integrating elements of both methods into my approach to trading. Please add that third option to your poll.

Where's the Helen Keller option?

This.

Thanks for helping to make this a better poll, the third option of a hybrid will be included and so will be the 4th(I belong to neither). My feel is that most people would be a newton, perhaps the learning curve is steeper for the other.

Eurotrash: i hope i got u right.

It seems like it's not possible to add on to the polls. So please vote for the category you are closer to. Let me know if anyone knows how to add more options.

As a small side note, I assume you realize Newton actually lost a small fortune in the stock market.

“I can calculate the motions of heavenly bodies, but not the madness of people” Isaac Newton

As for Einstein,
"You cannot beat a roulette table unless you steal money from it. ~Albert Einstein

Not that they weren't giants among the scientific genius crowd, but you might be off better modeling your trading career after Ed Thorp and Claude Shannon/Elwyn Berlekamp and some information theory experts, if you are looking for quantitative role models in this career.

Hi jam, that's an interesting side note.

Ants
Extremely hardworking. When they store food for winter, they do not store just enough, they try to find as much as they can, even few times more then they actually need. But every time they expose themselves to find the food they risk dying as a prey.

Ants in trading
You need to be hardworking like an ant but not greedy like them to succeed.

Hope u see what I meant, not that we want to be an ant.

Jules Verne, on the other hand, did very well on the market.

as Newton never even understood wot he was measuring is he not more like a nooby playing systems not knowing why the moves occur ?his entry signal would be just like taking trades from a signal provider...his maths??

As you said Einstein, could also make the calculations but ALSO understood the reasons why, aka the curvature of space/time. Now to continue this line i would much rather be an Einstein who could make his own entry signals from his own reasoned assessment of a market he understood fully.
Surly he would have the edge??

only biggin up "ole" Albert as i am a massive fan lol
jon

Good to see Albert's fan..haha..If Albert has an edge, i guess it would be he is able to read and understand the market more deeply then anyone else could.

It really impressed me how simple his thoughts were in formulating his theory of relativity. He just imagined a moving train with 2 observers, one in the train and one outside the train standing. And both person observing the same ray of light from a ceiling lamp in the train hitting the train floor. The person in the train will observe a straight ray path to the floor, while the other will observe a slanted path, ie. example: 1sec on train = 2 sec on ground. Therefore he conclude, the faster you move the slower your time pass.

To me, trading can be like how Albert derive his theory of relativity, which seems so complex while the foundation of the theory is actually so simple, so simple if people are willing to think for themselves. instead of falling to social conditioning of letting other people or system do the thinking for them.