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Why are people attracted to failure?
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Why are people attracted to failure?

  #1 (permalink)
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Why are people attracted to failure?

Simple and to the point -- why are people attracted to pain, suffering or failure?

Take a look at analytics for the futures.io (formerly BMT) twitter account for the last few days

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The average engagement rate is about 5%, but look at the engagement rate on the highlighted tweet -- 26%, 5x the normal.

I've seen this repeated over and over again. The phenomenon is not just localized to Twitter. For example, this old thread:

https://futures.io/psychology-money-management/26691-time-give-up.html

Titled "Time to give up" has received a very disproportional number of views compared to a normal thread with a similar number of replies. In other words, people were attracted to the thread.

You can say I was being overly sensational or dramatic, but the reason I titled the thread "time to give up" was because I wanted to get people's attention and hoping they could find some commonality or relate to the experiences I was sharing, and ultimately benefit from it. The same is true when I highlight someone's post on Twitter that I feels needs some help, I do it because it's my wish that they will receive input from varying angles that will allow them to improve or not make some terrible mistakes.

This is not limited to futures.io (formerly BMT). For years, I noticed that on other communities the threads where someone was struggling always received a disproportional amount of views. It's important that I am saying views -- not responses. I think it's normal for people to also want to help, so when they see someone struggling they try and help. This can account for extra responses to these types of threads.

But the views are what interests me, why are more people attracted to view this type of material?

Look at sites like Zerohedge. Their entire business model is "doom and gloom". In fact, there are entire so called "news" organizations in the main stream media who's entire model is built on negativity.

Doom and gloom, negativity -- it sells. Why is this?

Mike

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  #3 (permalink)
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People relate to failure because it is easier. They've experienced it, they wallow in it. Wading through threads and post like that provides them comfort.

People have a harder time relating to success, because it is harder to experience.

I like to bask in glory, surround myself with successful people, and think of bigger and better.

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I think you need to approach this from a psychological point of view, in order to understand the 'attraction'.

A lot of people are attracted to immediate results.
It is a lot less interesting for this people to read something difficult and with a long effort (learning curve) and that will not immediately give returns. That is unfortunately a fact, those people are looking for the 'quick bucks'.

In the psychological extent of this, some people might also think if they read about what goes dramatically wrong, it is an easy course to avoid the wrong and only do the good. Unfortunately it does not work like that. You can make a 10 or 20 bullet point summary of all the bad things you can do in trading, people will read it, and when at the screen they will do exactly the same things...

As a result, part of this has become an industry...
And its a self fulfilling process.

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You nailed it.


rleplae View Post
A lot of people are attracted to immediate results.
It is a lot less interesting for this people to read something difficult and with a long effort (learning curve) and that will not immediately give returns. That is unfortunately a fact, those people are looking for the 'quick bucks'.


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This is how I know it's a psychological thing. Look at this from just now:

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People are purposely avoiding the link, because they want to tell themselves they are not attracted to it -- because they think being attracted to it is negative, and they don't want to have a negative image of themselves.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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  #7 (permalink)
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HAHA @Big Mike, just saw you tweeted the John Wayne pic...

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rleplae View Post
In the psychological extent of this, some people might also think if they read about what goes dramatically wrong, it is an easy course to avoid the wrong and only do the good. Unfortunately it does not work like that. You can make a 10 or 20 bullet point summary of all the bad things you can do in trading, people will read it, and when at the screen they will do exactly the same things...

+1

i think a lot of traders are insecure about their performance and when they are trying to improve its easier (as tt mentioned) NOT to do something than it would be to take the appropriate actions that will truly improve their results.

I notice this when I read about trading "rules" and most of them always refer to in-action, or to NOT do something such as "never take a trade when this <insert indicator here> is doing such and such" or "never take trades after 11 am" or "dont trade when its full moon" .. you get my point.

it may also be that it makes people feel better about themselves to hear others having it worse, giving them a feeling as though they are doing something right.

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Big Mike View Post
Doom and gloom, negativity -- it sells. Why is this?

It's all media organisations - good news has never sold newspapers, let alone interwebs drivel.

Travel Well
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Big Mike View Post
This is how I know it's a psychological thing. Look at this from just now:

...

People are purposely avoiding the link, because they want to tell themselves they are not attracted to it -- because they think being attracted to it is negative, and they don't want to have a negative image of themselves.

Mike

That's funny (as in peculiar).... The attraction is to negatives happening (to someone else), but they don't want to actually face the fact of the attraction.

Human beings are weird.

Bob.

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