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Ask any psychological trading thoughts you may have
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Ask any psychological trading thoughts you may have

  #21 (permalink)
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Barnacle Bill View Post
I have bought into the statement that, in business, your income has a lot to do with the VALUE you provide to your customer.

I'm wondering if the same applies to a Trading Business???

Do you feel like you are providing value when you click the mouse to enter and exit a trade?

If I am not trading someone else's money - Is there any Value in trading?

Oh, I may be providing value to my BROKER and some may say I'm adding liquidity to the market or adding to the general knowledge of the market in discovering "Fair Pricing" but is trading simply a selfish pursuit?

Have you found "Value" in trading?

Just wondering out loud here...
Is that why many traders fail?
Maybe they feel like Trading goes against their core values - Is it all about the money?
Am I contributing to anything other than myself?

How about you? -
1. Has trading helped you to make a contribution to your family, charity or world?
2. Could it - if you were successful?
3. Are we providing any Value when we click the mouse to trade?

I would be very interested and thankful for your thoughts - THANKS!

For John Doe average dude on the street plugging away at his job/career decade after decade.....every person in my family is an example here.... My aunt and uncle who raised me, he worked as a grocery store manager for 40+ years, longer if you count the part time work while he was in high school ....all at the same company. Point is he had a 401k retirement account. If there was not a literal ocean of traders out in the world doing as they do.... the prices that are reported each and everyday by the media would fail to move so well as they do. And when I say well I'm referring to the steady stream of price action and volume not a direction.

I have pondered liquidity, the providing liquidity idea. As individual traders, one dropping off here or there from this profession means nothing. Like stepping on an ant on the sidewalk. The ant colony will be just fine.

If you need to feel from your chosen career a very direct sense of value or purpose to humanity trading might be a bad fit. I believe trading has value to society, mankind the world but it's not as direct as other career paths IMHO. Much more like the ant.

As a group (large group) traders keep the markets healthy for Joe Everyman and his retirement account. The speculator takes the other side of the hedgers trade. Hedgers trade to reduce risk. Hedgers trade huge speculator small (by way of comparison) so the system needs many times more speculators than hedgers. It's helpful IMHO to think about the relationship between hedgers and speculators. The insurance industry hedges (index futures/options, interest rate futures/options), the financial industry hedges (Forex pairs, and also same as insurance listed before IMHO), the food industry hedges (corn and wheat futures etc) the manufacturing industry hedges (copper and gold futures etc) the transportation industry hedges (crude and gasoline futures etc) etc etc. The system won't work for hedgers without the speculators.

Are you ok being this small cog in the wheel, this ant? Does the individual ant have any value to the colony? Most traders fail IMHO because they don't have a solid education regarding their field and by the time they acquire it (if ever) there is no money left to trade, it's now in someone else's account who does have the needed education.


It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
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  #22 (permalink)
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The value of all real jobs will only be remembered when the distinction between liquidity and solvency resurfaces.

Travel Well
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  #23 (permalink)
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ratfink View Post
The value of all real jobs will only be remembered when the distinction between liquidity and solvency resurfaces.

Hi ratfink - please can you elaborate?

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  #24 (permalink)
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xplorer View Post
Hi ratfink - please can you elaborate?

Nope, left as an exercise for students since they always get poor marks on that one.

Alright then, when the smoke and mirrors do unravel the real distinction will be clear. A universe in which financialized assets trade at today's velocity and are somehow judged as being worth hundreds of times more than any real economic wealth tells you all you need to know.

In short, liquidity disappears when it is most needed. Solvency is there when all else have gone by the wayside. Ask JPM.

Seriously - does $6 of debt to create $1 of GDP make any sense to anybody?
Seriously - do stocks trading entire company valuations in minutes make any sense to anybody?
Seriously - do quadrillions of derivative products make any sense to anybody?

Seriously - who owns your house, you or the bank? A good income keeps you liquid. Solvency might be a different matter.

The list of liquidity issues is endless. Real solvency lives in a lot fewer places. And we didn't even start on sovereign issues.

We in here exist as traders. Let's not kid ourselves that we are anything to do with capital formation, that was an old time market's job.


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ratfink View Post

Seriously - who owns your house, you or the bank?

The government. Just try not paying your property taxes for a year and see what happens.

You reside there, but don't really own it. You rent it from the government.

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  #26 (permalink)
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People trade for income for the same reasons people slave away at any other job for 40, 50 or 6,000 years...

They do not wish to be homeless, and have ready access to food for them and their family.

That is the primary purpose to earning money. To have shelter. The next is to have food. The next is to have access to etc A, B C etc ad nauseum.

But always, far and above, people earn money to not be homeless (have shelter) and have access to food. That is the primal, most important thing for survival.

Everything else after that is a "luxury". Nothing else matters beyond that. The rest is convenience, or "contrived necessity".

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