Is trading a competition, battle or war? | Forex Factory

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Is trading a competition, battle or war?

  • #1
  • First Post: Edited Sep 14, 2018 12:16am Mar 24, 2007 8:04am | Edited Sep 14, 2018 12:16am
1
  • #2
  • Mar 24, 2007 8:23am Mar 24, 2007 8:23am
...I believe it's more like a money sport...










Quoting Dark1
How much of trading is actually a real competition, battle or war?

How suitable are the descriptions war , battle or competition for trading?

Are there any other one word analogies which would better describe trading?

What are the different options to describe or categorise trading?

Thanks
  • #3
  • Mar 24, 2007 8:26am Mar 24, 2007 8:26am
Quoting ANALEX
...I believe it's more like a money sport...


...where coming in first is not necessarily winning, keeping some of your money is...
  • #4
  • Mar 24, 2007 8:31am Mar 24, 2007 8:31am
Trading is more like golf, you are always "this" close to being great, somedays you are good and when you start to over analyze, you are bad.
  • #5
  • Mar 24, 2007 8:33am Mar 24, 2007 8:33am
Quoting ANALEX
...where coming in first is not necessarily winning, keeping some of your money is...
yes, so sport as in a competition or having a strong competitive element?
  • #6
  • Mar 24, 2007 8:47am Mar 24, 2007 8:47am
The analogies I use when thinking about trading are walking and driving.

I see trading, or in my case learning how to trade, as learning how to walk or drive. Every time I bump into an obstacle, I have to ask myself "why did this happen"? "Was this because a mistake I made? If so, what was the mistake? How do I prevent myself from making it again?"

"How much fuel do I need in my account"?

"After how much hours of trading/driving do I need a break"?

"What are the most dangerous obstacles"?

"When do I have to move slowly - and - Wen do I need to go full speed"?

"When do I need a small car and when is it handy to have a heavy truck"?

etc...
  • #7
  • Mar 24, 2007 9:48am Mar 24, 2007 9:48am
i see trading as a battle for money, every firm for themselves
Relax and be happy.
  • #8
  • Mar 24, 2007 10:10am Mar 24, 2007 10:10am
Dance:
You have to be able to read every move of your partner and be able to move gracefully through the crowd of other dancers (traders).
  • #9
  • Mar 24, 2007 10:32am Mar 24, 2007 10:32am
I was right about the direction of every trade this week. Only to see my generous Stops get hit over and over again and lose a lot of my equity capital.

Trading is a merciless war.
  • #10
  • Mar 24, 2007 10:59am Mar 24, 2007 10:59am
...yes, it is a competition, with yourself...






Quoting Dark1
yes, so sport as in a competition or having a strong competitive element?
  • #11
  • Mar 24, 2007 12:58pm Mar 24, 2007 12:58pm
W. Chirchill once said something like: "if a person is 20 and not a liberal - he's got no heart, if a person is 30 and not a concevative - he's got no brains".
I guess same thing is here. If a trader is a beginner and not excited about this business - he's got no heart. If he is a veteran and not bored in this business - he's got no brains."
  • #12
  • Mar 24, 2007 1:17pm Mar 24, 2007 1:17pm
It's absolutely not a war or a battle.

It's a business and yes the competition is pretty stiff.
  • #13
  • Mar 24, 2007 1:29pm Mar 24, 2007 1:29pm
Quoting Nybegynner
It's a business ...
true. but i also see business as a battle its a noble type of battle though, more like a chess game. when i tell non-traders about the financial markets i generally equate it to the greatest, most complicated global chess game ever concieved, where the smartest people in the world are the players, and the rewards for winning are beyond your wildest dreams. and thats exactly why i love trading so much
Relax and be happy.
  • #14
  • Mar 24, 2007 1:36pm Mar 24, 2007 1:36pm
Like a chess game, yes I agree with that one
  • #15
  • Mar 24, 2007 2:23pm Mar 24, 2007 2:23pm
Here's a wonderful article about the right attitude towards trading, from Ms. Roosevelt, http://www.ruthroosevelt.com/metaphors.htm
-soso
  • #16
  • Mar 24, 2007 2:40pm Mar 24, 2007 2:40pm
It's a battle of wits. Anticipate the herd movements and you come out a winner $$$$. Make the wrong choice and you get trampled.
  • #17
  • Mar 24, 2007 2:41pm Mar 24, 2007 2:41pm
Chess would imply there is a particular opponent to outwit or defeat, who would be the opponent?

I presume in war there will be generals playing a kind of chess game/ strategy game to win.

Does this suit trading?
  • #18
  • Mar 24, 2007 3:03pm Mar 24, 2007 3:03pm
I like the chess analogy because in a chess tournament there would be a bunch of brilliant brains trying to outsmart each other. Traders also try to outsmart each other. Forex is a zero sum game
  • #19
  • Mar 24, 2007 4:59pm Mar 24, 2007 4:59pm
Quoting Spudfyre
Trading is more like golf, you are always "this" close to being great, somedays you are good and when you start to over analyze, you are bad.
Unless otherwise, you swing like Moe... LoL
  • #20
  • Mar 24, 2007 6:12pm Mar 24, 2007 6:12pm
Personally, I treat trading as a game of probabilities - if this scenario occurs then probably that will happen next. It is a game that requires wit, intelligence, cleverness, skill and precision to be played successfully. It is a game of no remorse - you win - you loose - you move on, each time a lesson learned and hopefully more skill and insight acquired. And ultimately, it is a game of survival - so be prepared, because if your not, I will gladly take your pips as often as I can and come back for more . Just soft and fuzzy on the outside but cold blue steel on the inside.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
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